Life Skills Foundation
- Assets
- $459.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Le Mars, IA
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 42-1336045
Organization Overview
Life Skills Foundation is located in Le Mars, IA. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Skills Foundation 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 Skills Foundation generated $153.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $126.5k during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RAISE AND GRANT FUNDS TO A 501(C)(3) EXEMPT ORGANIZATION (LIFE SKILLS TRAINING CENTER) TO ASSIST IN THEIR MISSION OF PROVIDING WORK TRAINING EDUCATION AND DAY HAB SERVICES TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Oetken Director | 1.5 | $0 | |
Katie Draayer Secretary | 1.5 | $0 | |
Crystal Schroeder President | 1.5 | $0 | |
Tasha Hemmingson Director | 1.5 | $0 | |
Amy Ten Napel Director | 1.5 | $0 | |
Val Owen Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,373 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,777 |
| Gain or Loss | $828 |
| Net Income from Gaming & Fundraising | $3,310 |
| Other Revenue | $0 |
| Total Revenue | $153,288 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,341 |
| Other expenses | $797 |
| Total expenses | $126,488 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $458,488 |
| Other assets | $0 |
| Total assets | $459,288 |
| Total liabilities | $1,261 |
| Net assets or fund balances | $458,027 |