Life Ready Inc
- Assets
- $155.2k
- Revenue
- $297.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Louisville, KY
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-2998509
Organization Overview
Life Ready Inc, operating under the name The Center for Biblical Living, is located in Louisville, KY. The organization was established in 2018. 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, Center for Biblical Living employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center for Biblical Living 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, Center for Biblical Living generated $297.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $196.5k during the year ending 12/2021. While expenses have increased by 51.2% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHARITABLE RELIGIOUS COUNSELING TO CHRISTIAN MINISTRY LEADERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNSELING SERVICES PROVIDED FOR THOSE IN CHRISTIAN VOCATIONAL MINISTRY (EXAMPLE: PASTORS, MISSIONARIES, AND SEMINARY STUDENTS).154 INDIVIDUALS AND 32 COUPLES WERE COUNSELED IN 2021. SMALL GROUP MARRIAGE TRAINING WAS ALSO PROVIDED FIVE TIMES DURING THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Scott Executive Director | Officer | 40 | $112,969 |
Patrick Voelker Board President | OfficerTrustee | $0 | |
Emily Nafziger Board Secretary | OfficerTrustee | $0 | |
Adam Denton Board Treasurer | OfficerTrustee | $0 | |
Robyn Scott Board Member | Trustee | $0 | |
Richard Scott Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,572 |
| Noncash contributions included in lines 1a–1f | $536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,472 |
| Total Program Service Revenue | $51,710 |
| Investment income | $12 |
| 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 | $297,194 |
| 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. | $112,969 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100 |
| Fees for services: Other | $5,201 |
| Advertising and promotion | $1,103 |
| Office expenses | $4,965 |
| Information technology | $3,445 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $1,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,894 |
| All other expenses | $0 |
| Total functional expenses | $196,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,639 |
| 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 | $0 |
| Investments—publicly traded securities | $536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,175 |
| Accounts payable and accrued expenses | $0 |
| 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 | $899 |
| Total liabilities | $899 |
| Net assets without donor restrictions | $87,980 |
| Net assets with donor restrictions | $66,296 |
| 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 | $155,175 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Life Ready Inc has recieved totaling $20,600.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $20,600 |
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|---|---|---|
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United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
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Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |