Life Promotions Inc
- Assets
- $2.4m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 24
- Location
- Appleton, WI
- Founding
- 03/1982
- Data as of
- 10/2021
- EIN
- 39-1372893
Organization Overview
Life Promotions Inc is located in Appleton, WI. The organization was established in 1982. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 10/2021, Life Promotions Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Promotions 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 10/2021, Life Promotions Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $5.4m during the year ending 10/2021. While expenses have increased by 11.4% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFE PROMOTIONS, INC. IS A NON-DENOMINATIONAL YOUTH MINISTRY DEDICATED TO BUILDING BRIDGES TO YOUTH, BUILDING BRIDGES FROM YOUTH TO THE GOSPEL, AND BUILDING BRIDGES WITH CHRISTIANS AND CHURCHES THROUGH RELEVANT, RELATIONAL AND AUTHENTIC PROGRAMMING, EVENTS AND OPPORTUNITIES; ALL FOR THE PURPOSE OF INSTILLING AND SHARING HOPE IN CHRIST.
Describe the Organization's Program Activity:
LIFEST - PROVIDES WORSHIP, FELLOWSHIP AND TEACHING THROUGH A MULTI-DAY SUMMER MUSIC FESTIVAL.
LIFE SPEAKING - PROVIDES VALUE-BASED PUBLIC SCHOOL ASSEMBLY PROGRAMS TO PROMOTE LIFE IN CHRIST AND PRESENT THE GOSPEL THROUGH FAITH-BASED EVENTS.
QUAKES - PROVIDES SERVICES ACROSS THE COUNTRY TO TEENS IN ORDER TO ESTABLISH THEIR FAITH, EMPOWER CHRISTIAN LIVING, AND LIVE A LIFE OF IMPACT AND LEADERSHIP.
REACH HOUSE - PROVIDES DISCIPLESHIP AND A MISSION TRAINING PROGRAM FOR YOUNG ADULTS FROM 18-26 YEARS OLD WHO DESIRE TO EXPLORE MINISTRY, CALLING, AND MISSIONS THROUGH AN INTERNSHIP WITH THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lenz President | OfficerTrustee | 40 | $154,787 |
Steven Ovens CEO | Officer | 40 | $112,555 |
Terry Timm Chairman | OfficerTrustee | 1 | $0 |
Jay Schumerth Vice Chairman/secretary | OfficerTrustee | 1 | $0 |
Bill Lichtfuss Treasurer | OfficerTrustee | 1 | $0 |
Dave Scharnhorst Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,534 |
| Related organizations | $0 |
| Government grants | $1,169,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,368,672 |
| Noncash contributions included in lines 1a–1f | $1,069,358 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,653,211 |
| Total Program Service Revenue | $1,908,430 |
| Investment income | $327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,400 |
| Net Income from Fundraising Events | -$33,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $68,702 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,603,353 |
| 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. | $321,575 |
| Compensation of current officers, directors, key employees. | $63,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $996,190 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,402 |
| Payroll taxes | $95,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,188 |
| Fees for services: Accounting | $16,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $879,374 |
| Advertising and promotion | $254,719 |
| Office expenses | $1,032,320 |
| Information technology | $31,059 |
| Royalties | $0 |
| Occupancy | $82,009 |
| Travel | $205,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $902,228 |
| Interest | $12,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,997 |
| Insurance | $67,390 |
| All other expenses | $60,681 |
| Total functional expenses | $5,369,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,415 |
| Savings and temporary cash investments | $193,495 |
| Pledges and grants receivable | $291,435 |
| Accounts receivable, net | $1,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,236 |
| Prepaid expenses and deferred charges | $29,316 |
| Net Land, buildings, and equipment | $1,698,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,494 |
| Total assets | $2,405,715 |
| Accounts payable and accrued expenses | $447,497 |
| Grants payable | $0 |
| Deferred revenue | $510,903 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $310,227 |
| Other liabilities | $617,813 |
| Total liabilities | $1,886,440 |
| Net assets without donor restrictions | $419,809 |
| Net assets with donor restrictions | $99,466 |
| 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 | $2,405,715 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Life Promotions Inc has recieved totaling $255,532.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $47,181 |
Brakebush Family Foundation Westfield, WI PURPOSE: YEAR END DONATION | $45,000 |
Us Venture-Schmidt Family Foundation Inc Appleton, WI PURPOSE: EDUCATION & SCHOLARSHIPS | $30,000 |
Church Mutual Insurance Company Foundation Inc Merrill, WI PURPOSE: MENTAL HEALTH - DIGNITY REVOLUTION | $25,000 |
Church Mutual Insurance Company Foundation Inc Merrill, WI PURPOSE: SOCIAL MEDIA / WEBSITE DIGNITY REVOLUTION | $25,000 |
Brakebush Family Foundation Westfield, WI PURPOSE: LIFEST | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Achieve Twin Cities Minneapolis, MN | $9,710,050 | $5,735,316 |
Brilliant Detroit Detroit, MI | $8,474,940 | $7,645,252 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
New City Kids Inc Grand Rapids, MI | $3,713,788 | $6,335,672 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
The Sanneh Foundation Inc St Paul, MN | $8,014,398 | $5,568,906 |
Minnesota Alliance With Youth Minneapolis, MN | $2,129,148 | $3,889,585 |
Hype Athletics Community Inc Dearborn Heights, MI | $8,352,601 | $3,293,270 |