Lifesitenews Com Inc
- Assets
- $3.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Front Royal, VA
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 51-0634787
Organization Overview
Lifesitenews Com Inc is located in Front Royal, VA. The organization was established in 2007. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Lifesitenews Com Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifesitenews Com 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, Lifesitenews Com Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 26.1% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFESITENEWS.COM PUBLISHES APPROXIMATELY 4,000 ARTICLES COVERING ISSUES CONCERNING LIFE, FAMILY, FAITH AND CULTURAL ISSUES. THESE ARTICLES REACH OVER 20 MILLION READERS, KEEPING THEM WELL-INFORMED ABOUT SOCIAL ISSUES OF GREAT IMPORTANCE TO THEM.
Describe the Organization's Program Activity:
LIFESITENEWS.COM PUBLISHES APPROXIMATELY 4,000 ARTICLES COVERING ISSUES CONCERNING LIFE, FAMILY, FAITH AND CULTURAL ISSUES. THESE ARTICLES REACH OVER 20 MILLION READERS, KEEPING THEM WELL-INFORMED ABOUT SOCIAL ISSUES OF GREAT IMPORTANCE TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Royce Hood Director | OfficerTrustee | 0.3 | $0 |
Jeff Gunnerson Chairman | OfficerTrustee | 0.3 | $0 |
Steve Jalsevac Co-President | OfficerTrustee | 0.3 | $0 |
John Henry Westen Co-President | OfficerTrustee | 0.3 | $0 |
Dominic Ismert Director | Trustee | 0.3 | $0 |
Lisa Fischer Director | Trustee | 0.3 | $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 | $5,353,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,353,546 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $88 |
| 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 | $5,429,603 |
| 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 | $1,767,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,898 |
| Payroll taxes | $166,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,868 |
| Fees for services: Accounting | $2,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $674 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,414 |
| Office expenses | $95,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,508 |
| Travel | $586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,326 |
| Insurance | $5,443 |
| All other expenses | $15,767 |
| Total functional expenses | $3,000,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,248,242 |
| Savings and temporary cash investments | $110,200 |
| 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 | $189,149 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $29,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,577,178 |
| Accounts payable and accrued expenses | $4,675 |
| 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 | $0 |
| Total liabilities | $4,675 |
| Net assets without donor restrictions | $3,572,503 |
| 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 | $3,577,178 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifesitenews Com Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Mercy Works Foundation Inc Appleton, WI PURPOSE: MONETARY SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Robert F Kennedy Center For Justice And Human Rights Washington, DC | $60,116,357 | $7,527,165 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Valley Health Care Inc Mill Creek, WV | $12,122,859 | $14,871,772 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
Target Community & Educational Services Inc Westminster, MD | $11,202,014 | $11,395,481 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |