Itasca Life Options
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 96
- Location
- Grand Rapids, MN
- Founding
- 07/1965
- Data as of
- 12/2022
- EIN
- 41-0907640
Organization Overview
Itasca Life Options is located in Grand Rapids, MN. The organization was established in 1965. 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, Itasca Life Options employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itasca Life Options 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, Itasca Life Options generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 13.3% per year over the past 8 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
TO PROVIDE DAY TRAINING AND HABILITIATION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADULT PROGRAM SERVED APPROXIMATELY 79 CLIENTS LIVING IN ITASCA COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Carlson Chairperson | OfficerTrustee | 1 | $0 |
Ron Evensen Treasurer | OfficerTrustee | 3 | $0 |
Lisa Lassen Executive Director | Trustee | 40 | $72,454 |
Carol Anderson Vice Chairperson | Trustee | 1 | $0 |
Mike Kellin Board Member | Trustee | 1 | $0 |
Marie Sippola Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,884 |
| Total Program Service Revenue | $1,632,677 |
| Investment income | $1,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,672,489 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $885,645 |
| Pension plan accruals and contributions | $15,667 |
| Other employee benefits | $65,327 |
| Payroll taxes | $67,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,915 |
| Advertising and promotion | $1,631 |
| Office expenses | $7,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,528 |
| Travel | $6,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,925 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,528 |
| Insurance | $33,620 |
| All other expenses | $306 |
| Total functional expenses | $1,426,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741,542 |
| Savings and temporary cash investments | $78,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,402 |
| 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 | $36,822 |
| Net Land, buildings, and equipment | $601,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $100,909 |
| Intangible assets | $10,180 |
| Other assets | $123,185 |
| Total assets | $1,931,692 |
| Accounts payable and accrued expenses | $146,550 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $89,927 |
| Total liabilities | $236,477 |
| Net assets without donor restrictions | $1,679,261 |
| Net assets with donor restrictions | $15,954 |
| 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 | $1,931,692 |