Life Ladies Influencing Freedom & Excellence
- Assets
- $4.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 29
- Location
- Prattville, AL
- Founding
- 05/2017
- Data as of
- 09/2022
- EIN
- 81-1259118
Organization Overview
Life Ladies Influencing Freedom & Excellence, operating under the name Life Academy, is located in Prattville, AL. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2022, Life Academy employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PREPARE ALL STUDENTS, GRADES KINDERGARTEN THROUGH EIGHTH GRADE, FOR A SUCCESSFUL FUTURE IN COLLEGE, CAREERS, AND/OR ENTREPRENEURIAL ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Fitzpatrick Vice President | Trustee | 5 | $0 |
Mary Pugh Board Member | Trustee | 5 | $0 |
Oliver Fitzpatrick Board Member | Trustee | 5 | $0 |
Tasha Dubose Board Member | Trustee | 5 | $0 |
Antoinette Brown Board Member | Trustee | 5 | $0 |
Cathy Banks President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,182,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,457,263 |
| Total Program Service Revenue | $0 |
| Investment income | $113 |
| 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 | $3,489,374 |
| 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. | $100,029 |
| Compensation of current officers, directors, key employees. | $12,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $966,880 |
| Pension plan accruals and contributions | $129,634 |
| Other employee benefits | $41,964 |
| Payroll taxes | $161,691 |
| Fees for services: Management | $67,050 |
| Fees for services: Legal | $95,926 |
| Fees for services: Accounting | $7,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $479,031 |
| Advertising and promotion | $44,585 |
| Office expenses | $41,196 |
| Information technology | $8,828 |
| Royalties | $0 |
| Occupancy | $73,894 |
| Travel | $31,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $128,896 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,767 |
| Insurance | $49,511 |
| All other expenses | $104,631 |
| Total functional expenses | $3,247,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,428 |
| Savings and temporary cash investments | $38,077 |
| Pledges and grants receivable | $356,808 |
| 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 | $5,658 |
| Net Land, buildings, and equipment | $3,025,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $549,904 |
| Total assets | $4,297,780 |
| Accounts payable and accrued expenses | $88,068 |
| 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 | $3,020,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $531,000 |
| Total liabilities | $3,639,886 |
| Net assets without donor restrictions | $434,829 |
| Net assets with donor restrictions | $223,065 |
| 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 | $4,297,780 |