Life Network
- Assets
- $4.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Colorado Springs, CO
- Founding
- 01/1986
- Data as of
- 12/2021
- EIN
- 84-0970592
Organization Overview
Life Network, operating under the name Colorado Springs Pregnancy Center Education for a Lifetime Life Network Family Thrift Store, is located in Colorado Springs, CO. The organization was established in 1986. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Colorado Springs Pregnancy Center Education for a Lifetime Life Network Family Thrift Store employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Pregnancy Center Education for a Lifetime Life Network Family Thrift Store 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, Colorado Springs Pregnancy Center Education for a Lifetime Life Network Family Thrift Store generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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
PROVIDES SUPPORT AND MENTORING FOR PARENTS FACING UNEXPECTED PREGNANCIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THREE PREGNANCY CENTERS: PROVIDES MEDICAL GRADE PREGNANCY TESTS, EDUCATIONAL INFORMATION, ULTRASOUNDS, AND STD TESTING AND TREATMENT UNDER THE DIRECTION OF ITS MEDICAL DIRECTOR. ITS PARENTING PROGRAM EDUCATES AND EQUIPS WOMEN AND MEN THROUGHOUT THEIR PREGNANCY AND UNTIL THEIR CHILD IS TWO. LIFE NETWORK ADDRESSED THE NEEDS OF MORE THAN 7,500 CLIENTS, PROVIDED 786 NO-COST ULTRASOUNDS, NEARLY 2,000 PARENTING APPOINTMENTS AND RECEIVED APPROXIMATELY 19,000 VOLUNTEER HOURS IN 2021.
TEEN EDUCATION PROGRAM: PROVIDES COMPREHENSIVE EDUCATION ON HEALTHY RELATIONSHIPS AND SEXUALITY AS WELL AS SUICIDE AWARENESS AND PREVENTION EDUCATION. TEEN PROGRAM REACHED NEARLY 6,500 STUDENTS IN 2021.
THRIFT STORE: THE LIFE NETWORK FAMILY THRIFT STORE PROVIDES QUALITY AFFORDABLE GOODS TO ITS CLIENTS AND COMMUNITY MEMBERS AND BENEFITS THE MINISTRY OF LIFE NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Bennett President/ceo | Officer | 40 | $144,170 |
Jayde Duncan Chairman | OfficerTrustee | 1 | $0 |
Derek Hanson Vice Chair | OfficerTrustee | 1 | $0 |
Tom Sistare Treasurer | OfficerTrustee | 1 | $0 |
Maura Nordberg Secretary | OfficerTrustee | 1 | $0 |
Debbi Rayburn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,023,803 |
| Related organizations | $0 |
| Government grants | $388,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,066,918 |
| Noncash contributions included in lines 1a–1f | $696,864 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,479,110 |
| Total Program Service Revenue | $47,191 |
| Investment income | $2,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,123 |
| Net Gain/Loss on Asset Sales | -$6,096 |
| Net Income from Fundraising Events | -$205,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$118,037 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,208,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,250 |
| 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. | $148,664 |
| Compensation of current officers, directors, key employees. | $13,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,268,042 |
| Pension plan accruals and contributions | $9,476 |
| Other employee benefits | $90,267 |
| Payroll taxes | $90,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,749 |
| Advertising and promotion | $114,190 |
| Office expenses | $176,153 |
| Information technology | $150,146 |
| Royalties | $0 |
| Occupancy | $231,383 |
| Travel | $8,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,845 |
| Interest | $33,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,135 |
| Insurance | $27,605 |
| All other expenses | $0 |
| Total functional expenses | $2,760,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,275,582 |
| Savings and temporary cash investments | $1,156,533 |
| Pledges and grants receivable | $30,000 |
| 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 | $129,581 |
| Prepaid expenses and deferred charges | $66,889 |
| Net Land, buildings, and equipment | $1,399,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,058,090 |
| Accounts payable and accrued expenses | $184,617 |
| 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 | $396,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $580,731 |
| Net assets without donor restrictions | $3,391,746 |
| Net assets with donor restrictions | $85,613 |
| 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 | $4,058,090 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Life Network has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
Whispering Fox Foundation Denver, CO PURPOSE: AID TO COMMUNITY | $30,000 |
Nicholas R Rizzi Foundation Inc The Villages, FL PURPOSE: CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Save The Storks Colorado Springs, CO | $3,867,665 | $7,725,127 |
Trust Women Foundation Inc Wichita, KS | $3,462,555 | $5,150,600 |
The Center For Relationship Education Denver, CO | $619,223 | $4,053,735 |
Life Network Colorado Springs, CO | $4,058,090 | $4,208,069 |
Choices Pregnancy Centers Of Greater Phoenix Inc Glendale, AZ | $2,464,989 | $2,569,859 |
Boulder Valley Womens Health Center Inc Boulder, CO | $2,328,930 | $2,354,661 |
Alternatives Pregnancy Center Inc Englewood, CO | $1,996,693 | $2,605,212 |
Assure Womens Center Omaha, NE | $2,895,384 | $3,086,202 |
Dar A Luz Birth & Health Center Los Ranchos, NM | $694,087 | $2,082,699 |
Colorado Organization For Latina Opportunity And Reproductive Right Denver, CO | $4,657,909 | $2,426,184 |
Milkworks A Nebraska Nonprofit Corporation Lincoln, NE | $1,081,269 | $1,708,732 |
Hands Of Hope Tucson Tucson, AZ | $3,169,963 | $2,029,442 |