Lift
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Dallas, TX
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 75-1095223
Organization Overview
Lift is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Lift employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lift 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 generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 4.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASPIRE'S MISSION IS TO PROVIDE TARGETED EDUCATIONAL PROGRAMS THAT HELP STUDENTS REACH SPECIFIC LEARNING AND CAREER GOALS THAT ENABLE THEM TO IMPROVE THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2022 ASPIRE SERVED 761 ADULTS IN ITS THREE LARGEST PROGRAMS IN FY 2022: ENGLISH AS A SECOND LANGUAGE, ADULT EDUCATION/GED PREP, AND WORKFORCE TRAINING. FY 2022 PROGRAMS WERE HELD EITHER ON-LINE OR AT FOUR SATELLITE LOCATIONS. MOST CLIENTS SERVED WERE WOMEN OF COLOR WITH LOW EDUCATIONAL ATTAINMENT. LEARNERS WERE SIXTY-FOUR PERCENT FEMALE AND THIRTY-SIX PERCENT MALE, WITH SEVENTY PERCENT BETWEEN THE AGES OF 22 AND 44. SIXTY-THREE PERCENT ARE LATINX, THIRTY PERCENT ARE BLACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda K Johnson President & CEO | Officer | 40 | $125,520 |
Maury Purnell Trustee | OfficerTrustee | 6.5 | $0 |
James Plantes Vice Chair | OfficerTrustee | 5 | $0 |
Dominique George Treasurer | OfficerTrustee | 5 | $0 |
Natalie Nihill Trustee | Trustee | 1.5 | $0 |
Russell Hagg Trustee | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $304,661 |
| Membership dues | $13,354 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,903 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,142,479 |
| Total Program Service Revenue | $0 |
| Investment income | $11,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,443 |
| Net Income from Fundraising Events | $99,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,265,251 |
| 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. | $125,520 |
| Compensation of current officers, directors, key employees. | $12,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,917 |
| Payroll taxes | $63,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,698 |
| Fees for services: Investment Management | $4,655 |
| Fees for services: Other | $46,256 |
| Advertising and promotion | $11,035 |
| Office expenses | $9,083 |
| Information technology | $38,849 |
| Royalties | $0 |
| Occupancy | $45,961 |
| Travel | $186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,791 |
| Insurance | $20,749 |
| All other expenses | $23,275 |
| Total functional expenses | $1,466,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,673 |
| 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 | $7,850 |
| Prepaid expenses and deferred charges | $9,510 |
| Net Land, buildings, and equipment | $40,373 |
| Investments—publicly traded securities | $1,126,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,126 |
| Total assets | $1,601,967 |
| Accounts payable and accrued expenses | $19,443 |
| 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 | $19,443 |
| Net assets without donor restrictions | $1,549,880 |
| Net assets with donor restrictions | $32,644 |
| 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 | $1,601,967 |