Lifecycles Inc
- Assets
- $183.0k
- Revenue
- $93.4k
- Investments
- $0.0
- Employees
- 2
- Location
- York, PA
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-2526482
Organization Overview
Lifecycles Inc is located in York, PA. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lifecycles Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifecycles 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 12/2021, Lifecycles Inc generated $93.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $120.3k during the year ending 12/2021. While expenses have increased by 34.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVICE THE GENERAL PUBLIC IN ASSISTANCE WITH EDUCATION AND SERVICES TO AT-RISK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFECYCLES IS AN ORGANIZATION THAT PROVIDES EDUCATION AND SERVICES TO AT- RISK YOUTH THROUGH THE MEDIUM OF BICYCLES AND BICYCLE RIDES. CHRIST- CENTERED BICYCLE ADVENTURES IN LOCAL AREAS PROVIDE PHYSICAL ACTIVITY, SPIRITUAL DEVELOPMENT AND LIFE SKILLS MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Deremer Executive Di | Officer | 40 | $21,000 |
Mark Hoffman Board Chairm | OfficerTrustee | 2 | $0 |
John Mullineaux Treasurer | OfficerTrustee | 2 | $0 |
Thomas Berridge Board Of Dir | Trustee | 2 | $0 |
Tegan Blackbird Board Of Dir | Trustee | 2 | $0 |
Jeff Bradley Board Of Dir | Trustee | 2 | $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 | $93,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,436 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,436 |
| 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. | $21,000 |
| Compensation of current officers, directors, key employees. | $2,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,532 |
| Office expenses | $1,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4,226 |
| Insurance | -$1,095 |
| All other expenses | $1,745 |
| Total functional expenses | $120,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,502 |
| Savings and temporary cash investments | $65,048 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,024 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $2,496 |
| Total liabilities | $2,496 |
| Net assets without donor restrictions | $180,528 |
| 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 | $183,024 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lifecycles Inc has recieved totaling $104,294.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $66,538 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $13,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $12,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $10,756 |
North Foundation Lititz, PA PURPOSE: GENERAL CONTRIBUTION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |