Lifetechsystems & Technologies Limited
- Assets
- $812.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-3731707
Organization Overview
Lifetechsystems & Technologies Limited is located in Beverly Hills, CA. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifetechsystems & Technologies Limited 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
TO MANUFACTURE AND DESIGN PERSONAL PROTECTIVE EQUIPMENT AND TO IMPLEMENT ADVANCED PUBLIC SAFETY SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANUFACTURED AND DESIGNED PERSONAL PROTECTIVE EQUIPMENT AND ADVANCED PUBLIC SAFETY SOLUTIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delia Lovell President | Trustee | 0 | $0 |
Dezzy Lovell Vice President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $869,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,198,860 |
| Total Program Service Revenue | $1,055 |
| Investment income | $8 |
| 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 | $1,203,013 |
| 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 | $606,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,920 |
| Payroll taxes | $46,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,053 |
| 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 | $59,974 |
| Advertising and promotion | $0 |
| Office expenses | $70,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,608 |
| 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 | $37,786 |
| All other expenses | $39,257 |
| Total functional expenses | $1,159,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,957 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $85,189 |
| Accounts receivable, net | $3,997 |
| 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 | $26,193 |
| Net Land, buildings, and equipment | $611,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,561 |
| Total assets | $812,882 |
| Accounts payable and accrued expenses | $59,865 |
| 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 | $2,544 |
| Total liabilities | $62,409 |
| Net assets without donor restrictions | $723,413 |
| Net assets with donor restrictions | $27,060 |
| 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 | $812,882 |