Lift Inc is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Lift Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lift 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, Lift Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1998, LIFT IS A NATIONAL NONPROFIT ON A MISSION TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. DECADES OF INEQUITY AND UNDERINVESTMENT IN COMMUNITIES HAVE KEPT LOW-INCOME FAMILIES TRAPPED IN A CYCLE THAT, LIKE WEALTH, IS PASSED DOWN FROM GENERATION TO GENERATION. ALL FAMILIES DESERVE A BETTER FUTURE - NO MATTER THEIR RACE, ETHNICITY, OR ZIP CODE. LIFT BUILDS FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE - AN INVESTMENT OF HOPE, MONEY, AND LOVE. ROOTED IN A RELATIONSHIP FILLED WITH DIGNITY AND TRUST, LIFT'S ONE-ON-ONE COACHING PROGRAM EMPOWERS PARENTS TO SET AND ACHIEVE GOALS - SUCH AS GOING BACK TO SCHOOL, (CONTINUED ON SCHEDULE O) IMPROVING CREDIT, ELIMINATING DEBT, OR SECURING A LIVING WAGE - THAT PUT THEIR FAMILIES ON THE PATH TO ECONOMIC MOBILITY. AS PART OF ITS INVESTMENT IN FAMILIES, IN 2018, LIFT LAUNCHED THE FAMILY GOAL FUND WHICH PROVIDES DIRECT, UNRESTRICTED CASH TO FAMILIES. LIFT REDUCES STRESS AND INCREASES FINANCIAL SLACK BY GIVING CASH DIRECTLY TO PARENTS SO THAT THEY DON'T HAVE TO CHOOSE BETWEEN THEIR EMERGENCY NEEDS AND LONG-TERM GOALS. AS PARENTS PERSIST THROUGH LIFT'S TWO-YEAR PROGRAM, THEY RECEIVE A TOTAL OF $1,200, DISTRIBUTED IN THREE-MONTH INTERVALS TO STAY ON TRACK TO REACH THEIR GOALS. LIFT BELIEVES THAT PARENTS KNOW THEIR FAMILIES' NEEDS BETTER THAN ANY PROGRAM COULD, AND THEIR EVIDENCE SHOWS THAT PARENTS USE THESE FUNDS TO REINVEST IN THEMSELVES, THEIR FAMILIES, AND THEIR GOALS. LIFT'S MODEL AIMS TO MITIGATE AND ULTIMATELY CHANGE THE ACTIONS OF SYSTEMS THAT CREATE BARRIERS TO SUCCESS BY ADVOCATING FOR POLICY THAT CENTERS THE VOICES OF LOW-INCOME FAMILIES. OUR SYSTEMS CHANGE GOALS STEM FROM THE HUMANITY THAT UNDERPINS OUR DIRECT SERVICE MODEL AS THE ACTION TANK FROM WHERE WE SHARE OUR LEARNING, INSIGHTS, BEST PRACTICE, AND RESPONSIVE INNOVATION LIKE GIVING CASH. LIFT USES IMPACT DATA ALONGSIDE PARENT VOICE AND EXPERIENCE TO MITIGATE, AND ULTIMATELY CHANGE, THE ACTIONS OF SYSTEMS AND POLICIES THAT DRAIN HOPE, HARM COMMUNITIES, AND LIMIT ACCESS AND SUCCESS. AT FEDERAL, STATE, AND CITY LEVELS, OUR GOALS INCLUDE CHANGING PRACTICE, SYSTEMS, AND POLICY THAT BUILD FINANCIAL AND SOCIAL CAPITAL FOR FAMILIES AND TO DECREASE THE BANDWIDTH TAX ON PARENT'S TIME, ATTENTION, AND COGNITION CAUSED BY COMPLEX SYSTEMS. LIFT'S NEW STRATEGIC PLAN BUILDS ON OUR DIRECT SERVICE TO ACHIEVE POPULATION-LEVEL IMPACT THROUGH 1) STRATEGIC PARTNERSHIPS THAT DEMONSTRATE EFFECTIVE PUBLIC SECTOR STRATEGIES TO SUPPORT PARENT'S ECONOMIC MOBILITY, AND 2) ADVOCACY WORK TO SHIFT NARRATIVES, EDUCATE POLICYMAKERS, AND PROMOTE POLICIES THAT REDUCE POVERTY. LIFT HAS SERVICE SITES IN CHICAGO, LOS ANGELES, NEW YORK CITY, AND WASHINGTON D.C., AND PARTNERS WITH HEALTH SYSTEMS, COLLEGES, AND LOCAL AND NATIONAL GOVERNMENTS TO ADOPT ITS APPROACH ACROSS THE COUNTRY. LEARN MORE AT WHYWELIFT.ORG.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Rhone-Collins Chief Executive Officer | OfficerTrustee | 40 | $240,896 |
Gabriel Scheck Chief Advancement & Cities Officer | Officer | 40 | $191,983 |
Xiomara Romain Exec. Dir. - Ny&vp, Org. Impact | 40 | $180,515 | |
Allison Olson Executive Director - La | 40 | $165,824 | |
Kristy Arnold Exec. Director - Dc (until 5/2022) | 40 | $141,234 | |
Kevin Toruno Svp, Fin. & Admin. (until 10/2021) | Officer | 40 | $138,524 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Creative Financial Staffing Temporary Staffing Services | 6/29/22 | $104,418 |
Usio Inc Prepaid Card Mktg & Process. & Pmt Distr | 6/29/22 | $181,351 |
Statement of Revenue | |
---|---|
Federated campaigns | $32,500 |
Membership dues | $0 |
Fundraising events | $27,109 |
Related organizations | $0 |
Government grants | $97,000 |
All other contributions, gifts, grants, and similar amounts not included above | $10,287,423 |
Noncash contributions included in lines 1a–1f | $188,205 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,444,032 |
Total Program Service Revenue | $0 |
Investment income | $523 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $609 |
Net Income from Fundraising Events | $43,792 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,488,956 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $253,427 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $800,728 |
Compensation of current officers, directors, key employees. | $117,158 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,316,654 |
Pension plan accruals and contributions | $88,481 |
Other employee benefits | $292,776 |
Payroll taxes | $337,577 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,701 |
Fees for services: Accounting | $5,880 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $53,264 |
Fees for services: Investment Management | $150 |
Fees for services: Other | $786,230 |
Advertising and promotion | $10,611 |
Office expenses | $54,396 |
Information technology | $181,367 |
Royalties | $0 |
Occupancy | $360,002 |
Travel | $45,058 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $47,389 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $63,500 |
Insurance | $33,155 |
All other expenses | $11,729 |
Total functional expenses | $6,927,807 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,029,345 |
Savings and temporary cash investments | $1,861,215 |
Pledges and grants receivable | $3,573,907 |
Accounts receivable, net | $81,543 |
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 | $132,433 |
Net Land, buildings, and equipment | $327,381 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $47,430 |
Total assets | $11,053,254 |
Accounts payable and accrued expenses | $437,987 |
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 | $543,918 |
Total liabilities | $981,905 |
Net assets without donor restrictions | $5,832,138 |
Net assets with donor restrictions | $4,239,211 |
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 | $11,053,254 |
Over the last fiscal year, we have identified 1 grants that Lift Inc has recieved totaling $180.
Awarding Organization | Amount |
---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $180 |
Organization Name | Assets | Revenue |
---|---|---|
Generation Usa Washington, DC | $17,938,466 | $7,677,123 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Opportunity At Work Inc Washington, DC | $8,759,075 | $9,572,974 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Urban Alliance Foundation Inc Washington, DC | $17,000,062 | $13,601,733 |
Employ Prince Georges Largo, MD | $4,258,774 | $8,835,926 |
Lift Inc Washington, DC | $11,053,254 | $10,488,956 |
National Fund For Workforce Solutions Washington, DC | $8,495,293 | $1,868,629 |
Jobs For Americas Graduates Inc Alexandria, VA | $6,705,273 | $5,268,108 |
National Assoc For Law Placement Washington, DC | $6,222,827 | $4,649,351 |