Life Impact Inc
- Assets
- $150.5k
- Revenue
- $747.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Cheektawaga, NY
- Founding
- Data as of
- 12/2021
- EIN
- 84-2690690
Organization Overview
Life Impact Inc is located in Cheektawaga, NY. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Life Impact Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Impact 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 12/2021, Life Impact Inc generated $747.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $668.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.9%) per year over the past 2 years. 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
LIFE IMPACT INC. IS AN EMERGENCY FOOD ORGANIZATION PROVIDING FOOD FOR LOW INCOME FAMILIES AND INDIVIDUALS THROUGHOUT WESTERN NEW YORK, INCLUDING CHRONICALLY HOMELESS VETERANS, SENIORS AND DISABLED CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY FOOD IS PROVIDED TO LOW INCOME FAMILIES AND INDIVIDUALS THROUGHOUT WESTERN NEW YORK, INCLUDING CHRONICALLY HOMELESS VETERANS, SENIORS, AND DISABLED CLIENTS. THE ON-SITE DRIVE-THRU FOOD DISTRIBUTION IS OPEN WEEKLY WITH ADDITIONAL DISTRIBUTIONS DONE THROUGH A MOBILE FOOD PANTRY 3 TIMES PER MONTH TO 6 LOW INCOME SENIOR FACILITIES AND COMMUNITIES WITH TRANSPORTATION BARRIERS. OVER 2,800 INDIVIDUALS RECEIVE FOOD THROUGH THE PANTRY.
EMERGENCY FOOD IS PROVIDED TO LOW INCOME FAMILIES AND INDIVIDUALS THROUGHOUT WESTERN NEW YORK, INCLUDING CHRONICALLY HOMELESS VETERANS, SENIORS, AND DISABLED CLIENTS. THE ON-SITE DRIVE-THRU FOOD DISTRIBUTION IS OPEN WEEKLY WITH ADDITIONAL DISTRIBUTIONS DONE THROUGH A MOBILE FOOD PANTRY 3 TIMES PER MONTH TO 6 LOW INCOME SENIOR FACILITIES AND COMMUNITIES WITH TRANSPORTATION BARRIERS. OVER 2,800 INDIVIDUALS RECEIVE FOOD THROUGH THE PANTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Marzak Treasurer/se | OfficerTrustee | $0 | |
John Tonelli President | OfficerTrustee | $0 | |
Pat Ward Board Member | Trustee | $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 | $747,137 |
| Noncash contributions included in lines 1a–1f | $495,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $747,137 |
| 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 | $747,137 |
| 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 | $74,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,921 |
| Advertising and promotion | $0 |
| Office expenses | $1,329 |
| Information technology | $650 |
| Royalties | $0 |
| Occupancy | $12,025 |
| 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 | $10,026 |
| Insurance | $2,116 |
| All other expenses | $2,503 |
| Total functional expenses | $668,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,564 |
| 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 | $35,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,483 |
| Accounts payable and accrued expenses | $625 |
| 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 | $0 |
| Total liabilities | $625 |
| Net assets without donor restrictions | $149,858 |
| 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 | $150,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Food Bank Of South Jersey Inc Pennsauken, NJ | $19,506,805 | $35,639,314 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |