Lifepath Foundation
- Assets
- $2.2m
- Revenue
- $423.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 12/2009
- Data as of
- 06/2022
- EIN
- 26-2896424
Organization Overview
Lifepath Foundation is located in Bethlehem, PA. The organization was established in 2009. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifepath 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 06/2022, Lifepath Foundation generated $423.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $235.3k during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 7 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
LIFEPATH FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501 (C) (3)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICITATION OF GIFTS: SOLICITED AND RECEIVED GIFTS, CONTRIBUTIONS & BEQUESTS TO DISTRIBUTE TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER 501 (C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ehresman Board Presid | OfficerTrustee | 1 | $0 |
Judy Iasiello Board Secret | OfficerTrustee | 1 | $0 |
Emilio Jack Morrone Board Vice P | OfficerTrustee | 1 | $0 |
Chris Persichetti Board Treasu | OfficerTrustee | 1 | $0 |
Nicole J O'hara ESQ Board Member | Trustee | 1 | $0 |
Terry Iasiello Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,951 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,991 |
| Noncash contributions included in lines 1a–1f | $10,825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,942 |
| Total Program Service Revenue | $0 |
| Investment income | $40,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,585 |
| Net Income from Fundraising Events | -$92,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,670 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $90 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,963 |
| All other expenses | $1,321 |
| Total functional expenses | $235,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,329 |
| 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 | $30,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,735,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,203,005 |
| Accounts payable and accrued expenses | $7,047 |
| 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 | $74,158 |
| Total liabilities | $81,205 |
| Net assets without donor restrictions | $1,976,987 |
| Net assets with donor restrictions | $144,813 |
| 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 | $2,203,005 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lifepath Foundation has recieved totaling $70,454.
| Awarding Organization | Amount |
|---|---|
Wolstenholme Charitable Foundation Westfield, PA PURPOSE: SUPPORT | $30,000 |
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: FACILITY ACCESSIBILITY MODIFICATIONS | $21,580 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $12,167 |
Anna B Glauser Trust Will Nect Las Vegas, NV PURPOSE: GENERAL SUPPORT | $3,400 |
W G Fronheiser Tw Las Vegas, NV PURPOSE: GENERAL SUPPORT | $3,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Melmark Inc Berwyn, PA | $140,011,030 | $123,679,876 |
Passavant Memorial Homes Pittsburgh, PA | $39,485,382 | $81,360,787 |
Community Access Unlimited Inc Elizabeth, NJ | $87,054,397 | $84,125,198 |
Ohel Childrens Home And Family Services Inc Brooklyn, NY | $94,326,143 | $69,032,759 |
Hamaspik Of Kings County Inc Brooklyn, NY | $37,989,736 | $75,293,470 |
Youth Consultation Service Inc Newark, NJ | $29,814,818 | $70,806,430 |
Saint Dominics Family Services Blauvelt, NY | $41,600,945 | $57,635,291 |
Lifes Worc Inc Garden City, NY | $50,233,566 | $61,555,690 |
Independent Living Association Inc Brooklyn, NY | $34,343,844 | $58,796,469 |
Nysarc Inc Hawthorne, NY | $46,101,635 | $53,348,412 |
Invision Customized Services Wexford, PA | $21,957,854 | $49,156,313 |
New Hope Community Inc Loch Sheldrake, NY | $56,719,806 | $50,703,594 |