Life Skills Centers Inc
- Assets
- $6.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 116
- Location
- Clinton Township, MI
- Founding
- 08/1984
- Data as of
- 09/2023
- EIN
- 38-2480541
Organization Overview
Life Skills Centers Inc is located in Clinton Township, MI. The organization was established in 1984. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 09/2023, Life Skills Centers Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Skills Centers 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 09/2023, Life Skills Centers Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $5.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE BELOW
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE VOCATIONAL TRAINING AND/OR ACTIVITY WORKSHOP PROGRAMS FOR PHYSICALLY AND/OR MENTALLY DISABLED OR HANDICAPPED PERSONS.
TO PROVIDE VOCATIONAL TRAINING AND/OR ACTIVITY WORKSHOP PROGRAMS FOR PHYSICALLY AND/OR MENTALLY DISABLED OR HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wagner Executive Di | Officer | 45 | $125,649 |
Justin Russo President | Officer | $300 | |
Michael Nickerson Vice Preside | Officer | $400 | |
Gary Manzo Secretary | Officer | $400 | |
Douglas Anderson Treasurer | Officer | $200 | |
Dale Wagner Director | Trustee | $0 |
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 | $5,447,050 |
| Investment income | $93,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,485 |
| Net Income from Fundraising Events | -$1,898 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,622,427 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,626,388 |
| Pension plan accruals and contributions | $37,212 |
| Other employee benefits | $0 |
| Payroll taxes | $256,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $31,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,237 |
| Advertising and promotion | $0 |
| Office expenses | $5,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,164 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,785 |
| Insurance | $78,108 |
| All other expenses | $5,323 |
| Total functional expenses | $5,370,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,290 |
| Savings and temporary cash investments | $3,174,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $139,858 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $236,020 |
| Net Land, buildings, and equipment | $1,717,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,216 |
| Total assets | $6,024,903 |
| Accounts payable and accrued expenses | $594,493 |
| Grants payable | $0 |
| Deferred revenue | $9,050 |
| 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 | $174,510 |
| Total liabilities | $778,053 |
| Net assets without donor restrictions | $5,246,850 |
| 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 | $6,024,903 |