Life Center Of Freeborn County Inc
- Assets
- $261.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 41-1374314
Organization Overview
Life Center Of Freeborn County Inc is located in Albert Lea, MN. The organization was established in 2013. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Center Of Freeborn County 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, Life Center Of Freeborn County Inc generated $99.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $89.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SERVING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABLIITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Schoneman President | 0 | $0 | |
Richard Olson Treasurer | 0 | $0 | |
Heidi Hensch Secretary | 0 | $0 | |
Keith Erickson Board Member | 0 | $0 | |
Jessica Tomschin Board Member | 0 | $0 | |
Erin Gustafson Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,492 |
| Total Program Service Revenue | $5,159 |
| Membership dues | $0 |
| Investment income | $21,727 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $56,058 |
| Other Revenue | $538 |
| Total Revenue | $98,974 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,691 |
| Professional fees and other payments to independent contractors | $5,489 |
| Occupancy, rent, utilities, and maintenance | $15,666 |
| Printing, publications, postage, and shipping | $639 |
| Other expenses | $15,986 |
| Total expenses | $89,471 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $259,353 |
| Other assets | $0 |
| Total assets | $261,004 |
| Total liabilities | $2,288 |
| Net assets or fund balances | $258,716 |