Lifequest Inc
- Assets
- $17.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Quakertown, PA
- Founding
- 03/1994
- Data as of
- 06/2021
- EIN
- 06-1097850
Organization Overview
Lifequest Inc is located in Quakertown, PA. The organization was established in 1994. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2021, Lifequest Inc employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Lifequest 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 06/2021, Lifequest Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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
PROVIDE FISCAL AND MANAGEMENT SUPPORT TO THE ORGANIZATIONS RELATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FISCAL AND MANAGEMENT SUPPORT TO THE ORGANIZATIONS RELATED ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Lampe Director | OfficerTrustee | 1 | $0 |
Philip Steeley Sec/treasurer | OfficerTrustee | 1 | $0 |
Roger Hiser President & CEO | Officer | 40 | $0 |
Shane Mcguire CFO | Officer | 40 | $0 |
Cheryl Nine Asst Secretary | Officer | 32 | $0 |
Charles Isaac Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saul Ewing Legal Services | 6/29/21 | $130,050 |
Plexus Group Management Service | 6/29/21 | $887,623 |
Aetna Health Insurance | 6/29/21 | $73,244 |
Grant Thorton Llp Provider Of Audit Service | 6/29/21 | $81,709 |
First Insurance Funding Provider Of Insurance Ben | 6/29/21 | $446,615 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,029,212 |
| Investment income | $233,264 |
| 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 | $2,262,535 |
| 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. | $1,184,233 |
| Compensation of current officers, directors, key employees. | $549,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,830 |
| Payroll taxes | $46,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,158 |
| Fees for services: Accounting | $8,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $331 |
| Office expenses | $44,338 |
| Information technology | $77,376 |
| Royalties | $0 |
| Occupancy | $26,419 |
| Travel | $3,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,411 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,490 |
| Insurance | $1,386 |
| All other expenses | $2,335 |
| Total functional expenses | $2,022,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,386 |
| Savings and temporary cash investments | $3,928,201 |
| 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 | $87,977 |
| Net Land, buildings, and equipment | $4,881,544 |
| Investments—publicly traded securities | $1,562,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $166,807 |
| Other assets | $6,198,641 |
| Total assets | $17,454,732 |
| Accounts payable and accrued expenses | $720,318 |
| 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 | $41,577,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$24,599,105 |
| Total liabilities | $17,698,213 |
| Net assets without donor restrictions | -$243,481 |
| 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 | $17,454,732 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Access Maryland Inc Baltimore, MD | $7,425,097 | $18,316,703 |
Schenectady Family Health Services Inc Schenectady, NY | $19,045,497 | $22,478,656 |
Service Employees International Union Harrisburg, PA | $14,538,345 | $18,771,689 |
Bob Woodruff Family Foundation Inc New York, NY | $14,267,455 | $13,208,242 |
Hospice & Palliative Care Buffalo Inc Cheektowaga, NY | $16,859,718 | $13,710,188 |
Independence Care System Inc Brooklyn, NY | $10,653,055 | $18,543,015 |
Monmouth Medical Center Faculty Practice Plan Inc Oceanport, NJ | $1,624,084 | $5,288,901 |
Bridging Access To Care Inc Brooklyn, NY | $3,861,592 | $15,321,105 |
Western Reserve Care Solutions Cleveland, OH | $7,543,573 | $12,894,252 |
Fairhope Hospice & Palliative Care Inc Lancaster, OH | $12,660,357 | $14,177,859 |
Committee Of Interns & Residents Long Island City, NY | $15,857,435 | $14,995,112 |
Service Employees International Union Columbus, OH | $26,235,266 | $14,034,679 |