L I F E Skills Foundation
- Assets
- $1.9m
- Revenue
- $554.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Durham, NC
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-3676000
Organization Overview
L I F E Skills Foundation is located in Durham, NC. The organization was established in 2006. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2022, L I F E Skills Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L I F E Skills Foundation 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 12/2022, L I F E Skills Foundation generated $554.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $916.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER TRANSITION AGE YOUTH TO LIVE STABLE, SELF-DIRECTED LIVES BY PROVIDING THEM WITH HOUSING AND WRAPAROUND SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2121 LIFE SKILLS PROVIDED SERVICES TO 72 YOUNG ADULTS AT RISK OF HOMELESSNESS:1).PROVIDED TRANSITIONAL HOUSING FOR 19 YOUNG ADULTS.2).PROVIDED INDEPENDENT HOUSING SERVICES (I.E. RENT ASSISTANCE, UTILITIES, EMERGENCY HOTEL STAYS, ETC.) TO 17 YOUNG ADULTS.3).PROVIDED EDUCATION AND EMPLOYMENT COUNSELING TO 45 YOUNG ADULTS.4).PROVIDED MENTAL HEALTH CARE TO 35 YOUNG ADULTS.5).PROVIDED WRAPAROUND SERVICES TO 57 YOUNG ADULTS.6).PROVIDED PARENTING SUPPORT SERVICES TO 13 YOUNG ADULTS.7).PROVIDED INDEPENDENT LIVING SKILLS CLASSES TO 13 YOUNG ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Protzman Executive Director | Officer | 40 | $75,000 |
Susan Springer Interim Secretary | OfficerTrustee | 1 | $0 |
Joe Battle Treasurer | OfficerTrustee | 1 | $0 |
Sumi Ariely Co-Chair | OfficerTrustee | 1 | $0 |
Kathleen Bentley Co-Chair | OfficerTrustee | 1 | $0 |
David Currey Co-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,158 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $604,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $636,622 |
| Total Program Service Revenue | $1,325 |
| 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 | -$83,971 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,486 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,017 |
| Pension plan accruals and contributions | $9,052 |
| Other employee benefits | $53,572 |
| Payroll taxes | $41,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $17,846 |
| Advertising and promotion | $0 |
| Office expenses | $8,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,631 |
| Travel | $5,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,402 |
| Interest | $27,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,437 |
| Insurance | $9,860 |
| All other expenses | $0 |
| Total functional expenses | $916,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $69,355 |
| Accounts receivable, net | $3,350 |
| 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 | $10 |
| Net Land, buildings, and equipment | $1,357,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,880,740 |
| Accounts payable and accrued expenses | $8,973 |
| 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 | $939,438 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,214 |
| Total liabilities | $952,625 |
| Net assets without donor restrictions | $809,197 |
| Net assets with donor restrictions | $118,918 |
| 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 | $1,880,740 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that L I F E Skills Foundation has recieved totaling $239,568.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: YOUTH DEVELOPMENT | $214,022 |
Stephens Foundation Birmingham, AL PURPOSE: SUPPORT OF THE ORGANIZATION | $22,500 |
Carlson Family Foundation Inc Chapel Hill, NC PURPOSE: DISCRETIONARY GRANT | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Achievement Of Georgia Discovery Center Atlanta, GA | $8,035,850 | $2,660,721 |
Youth Venture Inc Arlington, VA | $1,779,161 | $1,481,791 |
L I F E Skills Foundation Durham, NC | $1,880,740 | $554,116 |
Future Business Leaders Of America- Phi Beta Lambda Inc Reston, VA | $10,435,182 | $583,574 |
Camp Living Stones Inc Englewood, TN | $1,120,126 | $494,096 |
Envisionleadgrow Inc Norfolk, VA | $251,421 | $402,061 |
Conscious Capitalist Group Foundation Inc Richmond, VA | $12,408 | $0 |
Junior Achievement Of Upstate South Carolina Inc Greenville, SC | $0 | $322,345 |
The Mentors Project Of Bibb County Inc Macon, GA | $1,344,303 | $389,169 |
Neighborhood Lets Count It Up And Build It Up Memphis, TN | $349,341 | $424,235 |
Youth Corps Columbia, SC | $393,207 | $249,038 |
Take Our Daughters & Sons To Work Foundation Elizabeth City, NC | $18,188 | $0 |