Good Life Foundation Inc
- Assets
- $653.0k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Syracuse, NY
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1123420
Organization Overview
Good Life Foundation Inc is located in Syracuse, NY. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Good Life Foundation Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Life 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 12/2022, Good Life Foundation Inc generated $2.1m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 69.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE SUCCESSFUL AND PRODUCTIVE CAREER AND LIFE STRATEGIES FOR "AT-RISK" YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE COACHING, ENTREPRENEURIAL TRAINING AND FINANCIAL LITERACY TO JUVENILE OFFENDERS IN ATTEMPT TO REDUCE RECIDIVISM IN "AT-RISK" YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Cerrito President | OfficerTrustee | 2 | $0 |
Stephanie Pasquale Vice President | OfficerTrustee | 2 | $0 |
Jennifer Holland Secretary | OfficerTrustee | 2 | $0 |
James Czarniak Director | Trustee | 1 | $0 |
Jud Gostin Director | Trustee | 1 | $0 |
Sunny Jimenez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $126,694 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,807 |
| Total Program Service Revenue | $1,690,484 |
| 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 | $59,955 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,052,631 |
| 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. | $98,410 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $876,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $421 |
| Payroll taxes | $194,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,591 |
| Advertising and promotion | $0 |
| Office expenses | $31,850 |
| Information technology | $19,456 |
| Royalties | $0 |
| Occupancy | $63,847 |
| Travel | $31,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,636 |
| Insurance | $26,621 |
| All other expenses | $1,434 |
| Total functional expenses | $1,564,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $408,840 |
| 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 | $75,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $653,028 |
| Accounts payable and accrued expenses | $3,267 |
| 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 | $3,267 |
| Net assets without donor restrictions | $649,761 |
| 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 | $653,028 |