Goodlife Innovations Inc
- Assets
- $15.3m
- Revenue
- $28.9m
- Investments
- $0.0
- Employees
- 646
- Location
- Lenexa, KS
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 38-4048144
Organization Overview
Goodlife Innovations Inc is located in Lenexa, KS. The organization was established in 2017. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Goodlife Innovations Inc employed 646 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodlife Innovations Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Goodlife Innovations Inc generated $28.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $28.1m during the year ending 12/2022. While expenses have increased by 12.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF CHILDREN AND ADULTS WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RESIDENTIAL HOUSING AND HEALTH CARE RELATED SERVICES TO DEVELOPMENTALLY DISABLED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael C Strouse Ceo/president | OfficerTrustee | 35 | $394,557 |
Florence Digennaro Reed Director | Trustee | 2 | $50,016 |
Pamela Neidert Director | Trustee | 2 | $24,000 |
Claudia Dozier Director | Trustee | 2 | $24,000 |
Edward Trip Frizell Director/chairman | OfficerTrustee | 2 | $0 |
Stephen Gish Director/chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stonebriar Woods Rental Services | 12/30/22 | $241,169 |
The Frontier West Lawrence Rental Services | 12/30/22 | $229,575 |
Cedar Creek Development Iii Rental Services | 12/30/22 | $210,720 |
Ram Rental Rental Services | 12/30/22 | $117,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,503,591 |
| Noncash contributions included in lines 1a–1f | $22,505 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,602,255 |
| Total Program Service Revenue | $26,504,439 |
| Investment income | $47,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,871,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $571,665 |
| Compensation of current officers, directors, key employees. | $114,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,294,521 |
| Pension plan accruals and contributions | $177,509 |
| Other employee benefits | $939,123 |
| Payroll taxes | $1,051,846 |
| Fees for services: Management | $436,869 |
| Fees for services: Legal | $110,065 |
| Fees for services: Accounting | $58,217 |
| Fees for services: Lobbying | $41,396 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,845 |
| Fees for services: Other | $6,665,305 |
| Advertising and promotion | $132,618 |
| Office expenses | $583,771 |
| Information technology | $372,132 |
| Royalties | $0 |
| Occupancy | $1,481,099 |
| Travel | $279,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $189,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $541,478 |
| Insurance | $544,615 |
| All other expenses | $0 |
| Total functional expenses | $28,051,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,871,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,572,118 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,477 |
| Net Land, buildings, and equipment | $1,250,079 |
| Investments—publicly traded securities | $2,233,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,182,320 |
| Total assets | $15,336,548 |
| Accounts payable and accrued expenses | $1,744,103 |
| Grants payable | $0 |
| Deferred revenue | $274,666 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,773,784 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,792,553 |
| Net assets without donor restrictions | $10,493,876 |
| Net assets with donor restrictions | $1,050,119 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,336,548 |