Life Literature Inc
- Assets
- $1.3m
- Revenue
- $334.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodleaf, NC
- Founding
- 03/2013
- Data as of
- 12/2020
- EIN
- 45-4924135
Organization Overview
Life Literature Inc is located in Woodleaf, NC. The organization was established in 2013. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Literature 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 12/2020, Life Literature Inc generated $334.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $60.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOUND, SCRIPTURAL, ORIGINAL AND TRANSLATED LITERATURE FOR MISSION OUTREACHES, CHURCHES, SCHOOLS, AND INDIVIDUALS IN HAITIAN CREOLE AND OTHER VARIOUS LANGUAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PAYMENTS TO PERSONEL.
DEPRECIATION EXPENSE - THIS IS THE ANNUAL DEPRECIATION AMOUNT FOR REAL AND PERSONAL PROPERTY OWNED BY THE CORPORATION.
TRAVEL EXPENSES INCURRED FOR TRAVEL ON BEHALF OF THE ORGANIZATION.
ALL OTHER PROGRAM SERVICE EXPENSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lamar Nolt Chairman | Officer | 15 | $0 |
Wayne Leid Treasurer Assistant | Officer | 1 | $0 |
Mark Bankston Treasurer | Officer | 3 | $0 |
Mose Hess Secretary | Officer | 1 | $0 |
Rick Hess Advisor | Officer | 1 | $0 |
Robert Hursh Secretary Assistant | Officer | 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 | $365,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,910 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | -$32,083 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,970 |
| 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 | $23,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,043 |
| Travel | $2,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,897 |
| Insurance | $0 |
| All other expenses | $1,114 |
| Total functional expenses | $60,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,575 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $313,557 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $714,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,291,537 |
| Accounts payable and accrued expenses | $2,251 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $152,251 |
| Net assets without donor restrictions | $0 |
| 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 | $1,139,286 |
| Total liabilities and net assets/fund balances | $1,291,537 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Literature Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Anabaptist Foundation Lewisburg, PA PURPOSE: Operations | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Pak7 Us Inc Greenville, SC | $134,015 | $887,145 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Dth Publishing Corporation Chapel Hill, NC | $694,512 | $787,804 |
Speak The Word Ministry Foundation Virginia Beach, VA | $1,289,365 | $806,705 |
Trinity Communications Manassas, VA | $189,414 | $452,172 |