Lifesearch
- Assets
- $81.3k
- Revenue
- $26.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Travelers Rest, SC
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 57-0931780
Organization Overview
Lifesearch is located in Travelers Rest, SC. The organization was established in 1992. 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, Lifesearch employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifesearch 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, Lifesearch generated $26.2k 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 (35.4%) each year. All expenses for the organization totaled $56.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (27.8%) per year over the past 7 years. 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
LIFESEARCH IS A MINISTRY SEEKING TO EVANGELIZE AND HELP YOUNG PEOPLE AND FAMILIES WHO ARE STRUGGLING THROUGH THE AVENUE OF A CHURCH SCHOOL (KINGSPOINTE SCHOOLS)
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFESEARCH MINISTRIES D/B/A KINGSPOINTE SCHOOLS (K-12). KINGSPOINTE SCHOOLS ASSISTS CHILDREN WHO ARE AT-RISK ACADEMICALLY, SOCIALLY, OR SPIRITUALLY TO ACHIEVE AN INDEPENDENT, PRODUCTIVE, GOD-HONORING LIFE. AT-RISK FACTORS MAY INCLUDE A POOR ACADEMIC RECORD, LEARNING LIMITATIONS, FAMILY HISTORY, OR CULTURAL DEFICIENCIES. THE CURRICULUM USED BY KINGSPOINTE SCHOOLS ALLOWS EACH STUDENT TO WORK AT THEIR OWN PACE AND HAVE THEIR CURRICULUM TAILORED TO THEIR SPECIAL NEEDS. KINGSPOINTE SCHOOLS HAS BEEN IN EXISTENCE FOR 24 YEARS AND HAS HAD MANY GRADUATES WHO HAVE GONE ON TO COLLEGE AND HAVE BECOME PRODUCTIVE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Cannon President | OfficerTrustee | 40 | $25,000 |
Dorothy A Cannon Secretary/treasurer | OfficerTrustee | 40 | $7,150 |
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 | $3,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,412 |
| Total Program Service Revenue | $26,947 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,194 |
| 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. | $32,150 |
| Compensation of current officers, directors, key employees. | $16,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,767 |
| 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 | $4,884 |
| Information technology | $1,360 |
| Royalties | $0 |
| Occupancy | -$994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $307 |
| Interest | $492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $56,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,567 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,323 |
| Accounts payable and accrued expenses | $42 |
| 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 | $42 |
| Net assets without donor restrictions | $81,281 |
| 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 | $81,323 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifesearch has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Cabarrus Cooperative Christian Ministry Inc Concord, NC | $3,832,033 | $7,565,999 |
Providence Ministries Inc Dalton, GA | $6,212,621 | $7,183,854 |
Clover Garden School Inc Burlington, NC | $26,998,192 | $6,754,546 |
Marc Group Inc Emp Ben Pl Hendersonville, NC | $202,500 | $5,540,252 |
Oliver Gospel Mission Columbia, SC | $18,047,944 | $5,273,197 |
North Point Productions Inc Alpharetta, GA | $13,308 | $5,389,705 |
Partnership For Southern Equity Atlanta, GA | $12,175,489 | $13,586,243 |
Word For The World Baptist Ministries Inc Rossville, GA | $876,819 | $4,628,811 |
Watkins Christian Foundation Inc Atlanta, GA | $71,582,222 | $14,140,958 |