Lifelab Kids Foundation
- Assets
- $1.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Ferndale, MI
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-1334117
Organization Overview
Lifelab Kids Foundation is located in Ferndale, MI. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Lifelab Kids Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifelab Kids Foundation 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, Lifelab Kids Foundation generated $1.8m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFELAB KIDS FOUNDATION HELPS STUDENTS OF ALL ABILITIES TO DISCOVER AND EXPLORE THEIR UNIQUE, TRUE POTENTIAL THROUGH A BLEND OF EVIDENCE-BASED INTERVENTIONS, THERAPEUTIC ACTIVITIES, AND INNOVATIVE TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION GREW THE MENTAL HEALTH TEAM BY ADDING A SECOND ART THERAPIST AND A COUNSELOR TO SUPPORT INCREASED DEMANDS. IN LATE 2021, A SECOND LOCATION WAS OPENED IN MACOMB COUNTY. ALSO, PLANS HAVE STARTED FOR THE UNLIMITED PLAY PARK AND THERAPEUTIC GARDEN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jai Reddy President | Officer | $0 | |
Neelima Depa Trustee | Trustee | $0 | |
Juthica Reddy Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $466,513 |
| Noncash contributions included in lines 1a–1f | $119,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,213 |
| Total Program Service Revenue | $1,296,014 |
| Investment income | $0 |
| 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 | $1,826,227 |
| 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 | $1,072,305 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,742 |
| Payroll taxes | $68,851 |
| 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 | $106,197 |
| Advertising and promotion | $16,444 |
| Office expenses | $29,730 |
| Information technology | $29,501 |
| Royalties | $0 |
| Occupancy | $63,311 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,454 |
| Interest | $24,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,752 |
| Insurance | $13,035 |
| All other expenses | $0 |
| Total functional expenses | $1,567,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,000 |
| 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 | $1,360,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,630,763 |
| Accounts payable and accrued expenses | $119 |
| 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 | $734,051 |
| Total liabilities | $734,170 |
| Net assets without donor restrictions | $872,593 |
| Net assets with donor restrictions | $24,000 |
| 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 | $1,630,763 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lifelab Kids Foundation has recieved totaling $150,683.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: INCLUSIVE, RECREATION-BASED OUTDOOR LEARNING ENVIRONMENT FOR CHILDREN OF ALL ABILITIES | $50,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: PARENT/PATIENT-LED TELEHEALTH SERVICES IN RESPONSE TO COVID-19 FOR CHILDREN WITH SPECIAL NEEDS | $40,000 |
Variety Club Charity For Children Inc Birmingham, MI PURPOSE: TO BENEFIT CHILDREN | $25,000 |
Childrens Hospital Of Michigan Foundation Detroit, MI PURPOSE: DEVELOPMENT OF GREENHOUSE PROGRAMMING FOR YOUTH WITH SPECIAL NEEDS | $24,000 |
Ted Lindsay Foundation Troy, MI | | $11,596 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH | $181,897,996 | $22,134,878 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH | $143,259,703 | $19,572,691 |
Psalms Foundation Cincinnati, OH | $2,676,117 | $10,777,846 |
Charity Motors Inc Detroit, MI | $2,508,278 | $4,106,535 |
Detroit Association Of Black Organizations Dabo Inc Detroit, MI | $174,773 | $1,935,579 |
Veterans Outreach Youngstown, OH | $937,209 | $2,263,977 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Detroit Lions Charities Allen Park, MI | $661,259 | $1,820,325 |
Urban Alliance Kalamazoo, MI | $4,306,989 | $1,678,413 |
Lifelab Kids Foundation Ferndale, MI | $1,630,763 | $1,826,227 |
Group Plan Commission Cleveland, OH | $1,424,769 | $1,513,172 |
Porter Hills Foundation Grand Rapids, MI | $0 | $3,057,025 |