Life-Study Fellowship Foundation Inc
- Assets
- $35.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Darien, CT
- Founding
- 07/1981
- Data as of
- 12/2023
- EIN
- 06-1035622
Organization Overview
Life-Study Fellowship Foundation Inc is located in Darien, CT. The organization was established in 1981. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Life-Study Fellowship Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life-Study Fellowship Foundation 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 12/2023, Life-Study Fellowship Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISH PRAYERS AND INSPIRATIONAL LITERATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATION, PUBLICATION, AND DISTRIBUTION OF INSPIRATIONAL LITERATURE AND MATERIAL TO ENCOURAGE PEOPLE TO SEEK A MORE PRAYERFUL AND RELIGIOUS WAY OF LIFE. THE ORGANIZATION PUBLISHES FAITH MAGAZINE BI-MONTHLY. APPROXIMATELY 49,000 PERSONS BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Keane President/treas | Officer | 40 | $84,794 |
John J Keane V.P. & Scty | Officer | 40 | $83,696 |
Larry Moses Director | Trustee | 0 | $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 | $1,037,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,037,098 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| 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 | $14,047 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,051,170 |
| 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. | $156,543 |
| Compensation of current officers, directors, key employees. | $58,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,488 |
| Fees for services: Accounting | $29,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,311 |
| Office expenses | $12,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,180 |
| Insurance | $12,108 |
| All other expenses | $11,655 |
| Total functional expenses | $1,206,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,975 |
| 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 | $2,903 |
| Prepaid expenses and deferred charges | $3,666 |
| Net Land, buildings, and equipment | $18,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,967 |
| Accounts payable and accrued expenses | $847,465 |
| 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 | $847,465 |
| Net assets without donor restrictions | -$812,498 |
| 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 | $34,967 |