Lifeworks Services Inc
- Assets
- $45.5m
- Revenue
- $95.8m
- Investments
- $0.0
- Employees
- 1,987
- Location
- Richfield, MN
- Founding
- 12/1974
- Data as of
- 12/2023
- EIN
- 41-0907857
Organization Overview
Lifeworks Services Inc is located in Richfield, MN. The organization was established in 1974. 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 12/2023, Lifeworks Services Inc employed 1,987 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeworks Services 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 12/2023, Lifeworks Services Inc generated $95.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $94.6m during the year ending 12/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIFEWORKS PARTNERS WITH PEOPLE WITH DISABILITIES TO DRIVE CHANGE BY INCREASING OPPORTUNITY AND ACCESS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELF-DIRECTED SERVICESTHROUGH A PERSONALIZED EXPERIENCE, LIFEWORKS PARTNERS WITH INDIVIDUALS AND FAMILIES AS THEY DIRECT THEIR OWN HOME CARE AND SUPPORT. THIS INCLUDES MINNESOTA PROGRAMS: CONSUMER DIRECTED COMMUNITY SUPPORTS (CDCS), CONSUMER SUPPORT GRANT (CSG), PCA CHOICE, INDIVIDUALIZED HOME SUPPORTS (IHS), RESPITE, NIGHT SUPERVISION, AND HOMEMAKER SERVICES.IN 2023, 2,192 INDIVIDUALS AND FAMILIES ACCESSED SELF-DIRECTED SERVICES THROUGH LIFEWORKS.
RESOURCE NAVIGATION DEVELOPED FOR INDIVIDUALS FACING A CROSSROADS WHETHER THAT BE TRANSITIONING FROM SCHOOL TO ADULTHOOD OR APPROACHING A NEW PHASE IN LIFE 50 PEOPLE WITH DISABILITIES PARTNERED WITH LIFEWORKS RESOURCE NAVIGATION IN 2023. PARTICIPANTS EXPLORED AVAILABLE OPTIONS AND CONNECTED WITH RESOURCES THAT HELPED THEM TAKE THE NEXT STEP TOWARD ACHIEVING THEIR GOALS.
EMPLOYMENT SERVICESLIFEWORKS BREAKS DOWN BARRIERS AND INCREASES ACCESS TO OPPORTUNITIES, LEADING TO A MORE DIVERSE AND INCLUSIVE WORKFORCE IN MINNESOTA. WE CONNECT PEOPLE TO EXPERIENCES THAT EXPLORE THEIR INTERESTS, DEVELOP SKILLS, AND START OR ADVANCE THEIR CAREERS.IN 2023, LIFEWORKS PARTNERED WITH 838 PEOPLE THROUGH OUR EMPLOYMENT SERVICES. INDIVIDUALS JOINING THE WORKFORCE OR STARTING NEW JOBS EARNED AN AVERAGE WAGE OF $13.76 PER HOUR WITH WAGES AS HIGH AS $24 PER HOUR.
DAY SUPPORT SERVICES PERSONALIZED SUPPORT AND COMMUNITY ENGAGEMENT ARE CORNERSTONES OF LIFEWORKS SERVICE DELIVERY AND WITH THE INDIVIDUAL LEADING THE WAY, WE PROVIDE OPPORTUNITIES TO EXPLORE EACH PERSON'S INTERESTS, DEVELOP SKILLS, AND BUILD COMMUNITY CONNECTIONS. 187 INDIVIDUALS PARTICIPATED IN ACTIVITIES IN THEIR COMMUNITIES INCLUDING VOLUNTEER OPPORTUNITIES, TOURS OF AREA BUSINESSES, AND RECREATIONAL OUTINGS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajani Lewis-Mcghee Director | Trustee | 0.6 | $0 |
Bukata Hayes Director | Trustee | 0.2 | $0 |
Caryn Addante Director | Trustee | 0.5 | $0 |
Catherine Mahone Director | Trustee | 0.7 | $0 |
Danielle Kent Director | Trustee | 1.3 | $0 |
Ed Kelly Director | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ab&b Services Llc Fiscal Pass-through Support Services | 12/30/23 | $273,879 |
Mn Best Homecare Llc Fiscal Pass-through Support Services | 12/30/23 | $174,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $451,821 |
| Related organizations | $0 |
| Government grants | $158,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $423,266 |
| Noncash contributions included in lines 1a–1f | $80,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,033,113 |
| Total Program Service Revenue | $94,084,679 |
| Investment income | $715,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,989 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,770,432 |
| 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. | $508,329 |
| Compensation of current officers, directors, key employees. | $461,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,019,948 |
| Pension plan accruals and contributions | $644,278 |
| Other employee benefits | $2,344,873 |
| Payroll taxes | $3,919,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,297 |
| Fees for services: Accounting | $66,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $160,966 |
| Fees for services: Other | $251,166 |
| Advertising and promotion | $72,035 |
| Office expenses | $1,117,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $519,279 |
| Travel | $695,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $560,701 |
| Insurance | $191,720 |
| All other expenses | $24,063 |
| Total functional expenses | $94,584,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,741,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,048 |
| Accounts receivable, net | $9,047,078 |
| 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 | $518,775 |
| Net Land, buildings, and equipment | $4,339,371 |
| Investments—publicly traded securities | $26,110,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $639,577 |
| Total assets | $45,467,176 |
| Accounts payable and accrued expenses | $8,264,056 |
| Grants payable | $0 |
| Deferred revenue | $35,737 |
| 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 | $977,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $934,330 |
| Total liabilities | $10,211,143 |
| Net assets without donor restrictions | $35,256,033 |
| Net assets with donor restrictions | $0 |
| 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 | $45,467,176 |