Lifetown Inc
- Assets
- $17.3m
- Revenue
- $932.7k
- Investments
- $191.0k
- Employees
- 0
- Location
- Livingston, NJ
- Founding
- 05/2012
- Data as of
- 06/2022
- EIN
- 45-4435140
Organization Overview
Lifetown Inc is located in Livingston, NJ. The organization was established in 2012. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, 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. Lifetown 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 06/2022, Lifetown Inc generated $932.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $907.8k during the year ending 06/2022. 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 CREATE A CENTER FOR THERAPEUTIC SERVICES AND LIFE SKILLS TRAINING TO ENGAGE CHILDREN AND TEENS, INCLUDING THOSE WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFETOWN OFFERS A MYRIAD OF OPPORTUNITIES FOR RECREATION, EDUCATION AND THERAPEUTIC PLAY AIMED AT PROVIDING A COMPREHENSIVE SLATE OF PROGRAMMING FOR INDIVIDUALS WITH SPECIAL ABILITIES AND THEIR FAMILIES (SEE SCHEDULE O FOR DETAILS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Zalman Grossbaum Chairman And CEO | OfficerTrustee | 20 | $0 |
David Orbach Secretary, Director | OfficerTrustee | 1 | $0 |
Scott Krieger Director | Trustee | 1 | $0 |
Barry Lefkowitz President, Director | OfficerTrustee | 1 | $0 |
Dara Orbach Vice President, Director | OfficerTrustee | 1 | $0 |
Brendan Berger Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elyon Systems Av System | 6/29/20 | $119,713 |
Hollister Construction Construction | 6/29/20 | $148,652 |
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 | $532,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,847 |
| Total Program Service Revenue | $390,365 |
| Investment income | $9,505 |
| 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 | $932,717 |
| 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 | $52,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,083 |
| Payroll taxes | $7,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,245 |
| Fees for services: Other | $7,700 |
| Advertising and promotion | $8,189 |
| Office expenses | $96,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,934 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,863 |
| Insurance | $0 |
| All other expenses | $43,581 |
| Total functional expenses | $907,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,141 |
| Savings and temporary cash investments | $504 |
| Pledges and grants receivable | $432,419 |
| Accounts receivable, net | $0 |
| 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 | $1,567 |
| Net Land, buildings, and equipment | $16,105,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $191,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $536,891 |
| Total assets | $17,348,711 |
| Accounts payable and accrued expenses | $89,758 |
| 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 | $1,561,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,651,113 |
| Net assets without donor restrictions | $14,027,158 |
| Net assets with donor restrictions | $1,670,440 |
| 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 | $17,348,711 |