Lasting Change Inc
- Assets
- $39.9m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 231
- Location
- Fort Wayne, IN
- Founding
- 05/1968
- Data as of
- 12/2022
- EIN
- 35-1167389
Organization Overview
Lasting Change Inc is located in Fort Wayne, IN. The organization was established in 1968. According to its NTEE Classification (I44) the organization is classified as: Prison Alternatives, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Lasting Change Inc employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasting Change 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, Lasting Change Inc generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $19.6m during the year ending 12/2022. While expenses have increased by 44.7% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LASTING CHANGE PROVIDES ADMINISTRATIVE SUPPORT TO RELATED NON-PROFIT ORGANIZATIONS. CURRENTLY SUPPORT IS PROVIDED TO LIFELINE YOUTH AND FAMILY SERVICES AND CROSSWINDS, INC.
Describe the Organization's Program Activity:
LASTING CHANGE PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACCOUNTING, HUMAN RESOURCES, PAYROLL, MARKETING, AND EXECUTIVE OVERSIGHT, AND ALSO LEASES A BUILDING TO LIFELINE YOUTH AND FAMILY SERVICES AND CROSSWINDS, INC.
RESIDENTIAL SERVICES - AN AVERAGE OF 56 BOYS WERE HOUSED AND SERVED AT OUR 24 HOUR RESIDENTIAL FACILITIES IN PIERCETON, INDIANA, FORT WAYNE, INDIANA, AND WHEATFIELD INDIANA. THE RESIDENTS PARTICIPATE IN A SEXUAL OFFENDER RELAPSE PREVENTION AND/OR INDEPENDENT LIVING PROGRAM. THE FACILITY OFFERS HOUSING, A SCHOOL, GYMNASIUM, AND A WOOD WORKSHOP. WE HELP OUR RESIDENTIAL STUDENTS FOCUS ON OVERCOMING THE PAST AND SEEKING HOPE FOR THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Terrell President (retired 10/31/2022) | OfficerTrustee | 40 | $399,838 |
Timothy M Smith Chief Executive Officer | Officer | 40 | $370,244 |
Kevin Hedrick Executive VP Of Lifeline | 1 | $201,928 | |
Curtis Smith Chief Marketing Officer | 40 | $168,206 | |
Abraham Hepler VP Of Residential Services | 50 | $150,663 | |
David Cummings Chief Financial Officer | Officer | 40 | $152,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,000 |
| Related organizations | $0 |
| Government grants | $66,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,943 |
| Total Program Service Revenue | $16,131,679 |
| Investment income | $83,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,466 |
| Net Income from Fundraising Events | -$15,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,864,890 |
| 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. | $918,601 |
| Compensation of current officers, directors, key employees. | $137,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,906,555 |
| Pension plan accruals and contributions | $74,813 |
| Other employee benefits | $1,106,053 |
| Payroll taxes | $664,626 |
| Fees for services: Management | $638,606 |
| Fees for services: Legal | $76,882 |
| Fees for services: Accounting | $36,235 |
| Fees for services: Lobbying | $61,910 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,250 |
| Fees for services: Other | $514,626 |
| Advertising and promotion | $61,781 |
| Office expenses | $143,307 |
| Information technology | $369,407 |
| Royalties | $0 |
| Occupancy | $3,272,127 |
| Travel | $130,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $537,322 |
| Insurance | $1,835,354 |
| All other expenses | $0 |
| Total functional expenses | $19,611,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,173,268 |
| Savings and temporary cash investments | $1,513,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,046,586 |
| 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 | $366,696 |
| Net Land, buildings, and equipment | $9,891,217 |
| Investments—publicly traded securities | $4,993,757 |
| Investments—other securities | $0 |
| Investments—program-related | $3,263,195 |
| Intangible assets | $0 |
| Other assets | $8,602,928 |
| Total assets | $39,851,221 |
| Accounts payable and accrued expenses | $17,893,540 |
| Grants payable | $0 |
| Deferred revenue | $353,023 |
| 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 | $3,561,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,817,398 |
| Total liabilities | $30,625,693 |
| Net assets without donor restrictions | $9,225,528 |
| 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 | $39,851,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rawhide Inc New London, WI | $37,795,475 | $20,567,649 |
Lasting Change Inc Fort Wayne, IN | $39,851,221 | $16,864,890 |
Youth Opportunity Center Inc Muncie, IN | $25,866,683 | $17,956,717 |
Attic Correctional Services Inc Madison, WI | $5,946,824 | $11,711,187 |
Briarpatch Youth Services Inc Fitchburg, WI | $5,384,175 | $3,523,677 |
Missouri Girls Town Foundation Inc Kingdom City, MO | $14,171,604 | $2,181,963 |
Gateway Juvenile Diversion Project Inc Mt Sterling, KY | $4,457,499 | $3,133,923 |
John P Craine House Inc Indianapolis, IN | $1,861,307 | $1,309,600 |
Reality House Inc Columbia, MO | $570,136 | $1,093,112 |
Ryan Community Inc Appleton, WI | $280,026 | $643,867 |
Community Alternative Service Program Inc Springfield, MO | $1,030,856 | $335,685 |
Coalition For Youth Adult Diversion Programs Inc Green Bay, WI | $64,050 | $0 |
Mary Allison Childrens Home Inc Greencastle, IN | $331,487 | $0 |
49th Community Corrections Programs Inc Inc Franklin, KY | $57,542 | $0 |
R 6 Mentoring Inc Mayfield, KY | $335,532 | $0 |
Koinonia House Of Dupage County Wheaton, IL | $91,089 | $0 |