Life Connections Of The Carolinas Inc
- Assets
- $66.9k
- Revenue
- $917.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 06/2019
- Data as of
- 06/2024
- EIN
- 82-0682551
Organization Overview
Life Connections Of The Carolinas Inc is located in Charlotte, NC. The organization was established in 2019. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Life Connections Of The Carolinas Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Connections Of The Carolinas 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 06/2024, Life Connections Of The Carolinas Inc generated $917.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $950.4k during the year ending 06/2024. While expenses have increased by 12.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE THE CONDITIONS THROUGH CAREFULLY DESIGNED AND IMPLEMENTED PROGRAMMING FOR YOUTH AND THEIR FAMILIES TO FIND THEIR OWN SOLUTIONS WITHIN THEMSELVES AD WITHIN THE COMMUNITIES THEY LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2024 FISCAL YEAR, LIFE CONNECTIONS PROVIDED SERVICES TO 194 YOUTH WHO WERE UNDER THE AUSPICES OF THE JUVENILE COURT. WE WERE ABLE TO DO THIS THROUGH 9 NORTH CAROLINA COUNTIES OVERSEEING SOME 14 FUNDED PROGRAMS. COUNTIES WE SERVE ARE MECKLENBURG, MONTGOMERY, ANSON, RICHMOND, STANLY, LEE AND UNION. THESE PROGRAMS SPECIALIZED IN RESTORATIVE PRACTICES INCLUDING MENTORING, GED INSTRUCTION, FAMILY SKILL BUILDING, VOCATIONAL TRAINING, AND MENTAL HEALTH COUNSELING. ALSO WE WERE FUNDED TO BEGIN TWO NEW FAMILY SKILL BUILDING PROGRAMS IN GUILFORD AND RICHMOND COUNTIES TO BEGIN DURING FY 2025. ALSO DURING THE 2024 FISCAL YEAR WE WERE ABLE TO SECURE CONTRACTS WITH THE MECKLENBURG COUNTY UNIFIED WORKFORCE DEVELOPMENT FEDERAL GRANT INITIATIVE, CHILD SUPPORT SERVICES EMPLOYING FATHERHOOD INITIATIVE, THE EMPLOYMENT SERVICES OF THE DEPARTMENT OF COMMUNITY RESOURCES OF MECKLENBURG COUNTY AND THE TEMPORARY ASSISTANCE TO NEEDY FAMILIES GRANT INITIATIVE (TANF). THROUGH THOSE CONTRACTS WE SERVED OVER 100 ADULTS IN OUR NEWLY DEVELOPED WORKFORCE DEVELOPMENT PROGRAM. ALSO BASED IN RESTORATIVE PRACTICES OUR WORKFORCE DEVELOPMENT PROGRAM PROVIDED TRAINING TO ASSIST OUR CLIENTS IN RETURNING TO THE WORKFORCE OR PROVIDE THE SKILLS NEEDED TO UPGRADE THEIR POSITION IN THEIR EXISTING WORKPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Smith Executive Dir. | Officer | 40 | $69,358 |
Mary-Margaret Kantor Chairman | OfficerTrustee | 2 | $0 |
Mark Jackson Chairman | OfficerTrustee | 2 | $0 |
Matt Caragher Treasurer | OfficerTrustee | 2 | $0 |
Aretha Moore Secretary | OfficerTrustee | 2 | $0 |
Frank Crawford Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $752,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,729 |
| Noncash contributions included in lines 1a–1f | $80,022 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $915,548 |
| Total Program Service Revenue | $0 |
| 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 | $916,959 |
| 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. | $69,358 |
| Compensation of current officers, directors, key employees. | $27,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,996 |
| 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 | $1,558 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,048 |
| Travel | $19,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,787 |
| All other expenses | $24,069 |
| Total functional expenses | $950,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,511 |
| Accounts receivable, net | $5,481 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,890 |
| Accounts payable and accrued expenses | $40,673 |
| 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 | $235,751 |
| Total liabilities | $276,424 |
| Net assets without donor restrictions | -$209,534 |
| 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 | $66,890 |