Lives Of Purpose Inc
- Assets
- $290.9k
- Revenue
- $274.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Grimesland, NC
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-0892006
Organization Overview
Lives Of Purpose Inc is located in Grimesland, NC. The organization was established in 2019. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lives Of Purpose Inc 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOY INDIVIDUALS WITH VARIOUS INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, PROMOTING THEIR SKILLS, CONFIDENCE, AND DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVES OF PURPOSE WILL OPERATE AWAKEN COFFEE WHICH WILL EMPLOY SPECIAL NEEDS INDIVIDUALS AS BARISTAS, CASHIERS, STOCK CLERKS AND IN ANY OTHER POSITIONS WHERE THEY MAY REALIZE THEIR FULL POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Preston President | OfficerTrustee | 30 | $0 |
Jennifer Dyson Vice Preside | OfficerTrustee | 30 | $0 |
Michele Mazey Board Member | OfficerTrustee | 10 | $0 |
Jeff Manning Board Member | Trustee | 10 | $0 |
Stephen Venters Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,673 |
| Total Program Service Revenue | $11,387 |
| 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 | $68,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,060 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $649 |
| Office expenses | $1,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,987 |
| Travel | $0 |
| 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 | $613 |
| All other expenses | $0 |
| Total functional expenses | $20,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,961 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $891 |
| Total assets | $290,852 |
| 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 | $440 |
| Total liabilities | $440 |
| Net assets without donor restrictions | $290,412 |
| 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 | $290,852 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lives Of Purpose Inc has recieved totaling $72,436.
| Awarding Organization | Amount |
|---|---|
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC PURPOSE: BUILDING RENOVATION FOR ORGANIZATION | $25,375 |
Bill And Faye Stallings Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $17,000 |
Tr Uw Vivian S West West Memorial Fund Raleigh, NC PURPOSE: 501C3 PURPOSES | $5,004 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
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|---|---|---|
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Georgia Pharmaceutical Association Inc Sandy Springs, GA | $13,357,090 | $2,850,943 |
U S Apple Association Falls Church, VA | $3,469,744 | $2,231,696 |
Decorative Hardwoods Association Sterling, VA | $5,692,595 | $2,015,836 |
National Society Of Accountants Alexandria, VA | $4,148,931 | $1,866,821 |
Aryeetey Loving Heart Foundation Inc Atlanta, GA | $68,764 | $1,186,888 |
Americas Newspapers Lawrenceville, GA | $599,653 | $1,104,465 |
Quiltss Institute Franklin, TN | $1,195,986 | $448,866 |
Center For Independent Employees Spartanburg, SC | $101,855 | $620,648 |
Motivated By People Community Foundation Inc Atlanta, GA | $9,500 | $501,367 |
Jobs For Life Inc Raleigh, NC | $110,025 | $541,422 |