Lifetown Inc
- Assets
- $17.6m
- Revenue
- $1.0m
- Investments
- $80.0k
- Employees
- 0
- Location
- Livingston, NJ
- Founding
- 05/2012
- Data as of
- 06/2021
- EIN
- 45-4435140
Organization Overview
Lifetown Inc is located in Livingston, NJ. The organization was established in 2012. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, 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. Lifetown 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 06/2021, Lifetown Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $771.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A CENTER FOR THERAPEUTIC SERVICES AND LIFE SKILLS TRAINING TO ENGAGE CHILDREN AND TEENS, INCLUDING THOSE WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE TOWN WILL BRING A NEW LEVEL OF INTERACTIVE LIVING TO THOUSANDS OF CHILDREN THROUGH EXTENSIVE RECREATIONAL, EDUCATIONAL AND THERAPEUTIC FACILITIES. LIFE VILLAGE WILL SERVE AS A FACILITY FOR CHILDREN WITH SPECIAL NEEDS TO TRAIN FOR REAL LIFE ROLE PLAYING AS SHOP-KEEPERS OR SHOPPERS, CAR DRIVERS OR PEDESTRIANS, DOCTORS OR PATIENTS. IN THE PROCESS THEY WILL DEVELOP THE SKILLS NECESSARY FOR DAILY LIFE SITUATIONS TO DEVELOP COMMON INDEPENDENCE IN A SAFE ENVIRONMENT. A SPECIAL CURRICULUM WILL BE DESIGNED AROUND THE FACILITY. THE CURRICULUM WILL TEACH CHILDREN WITH SPECIAL NEEDS ADULT LIFE SKILLS. IN ADDITION, THE FACILITY WILL PROVIDE A RESPITE FOR ADULT CAREGIVERS. ALL PROGRAMS WILL BE RUN BY PROFESSIONAL EDUCATORS AND THERAPISTS WITH THE HELP OF HUNDREDS OF TEENS AND ADULT VOLUNTEERS. THE FACILIY WILL INCORPORATE DEDICATED PHYSICAL AND OCCUPATIONAL THERAPY CENTERS, WITH STATE-OF-THE-ART EQUIPMENT AND TACTILE DEVELOPMENT TOOLS. THE CENTER WILL ALSO INCLUDE SPACIOUS RECREATIONAL ROOMS FOR THEIR FAMILIES AND OUR VOLUNTEERS. THIS WORLD CLASS CENTER WILL SET A NEW BENCHMARK FOR CENTERS OF ITS KIND. LIFE TOWN WILL BE OPEN TO THE PUBLIC AND PRIVATE SPECIAL NEEDS SCHOOLS IN NORTHERN NEW JERSEY AND BEYOND. THOUGH DESIGNED FOR PEOPLE WITH SPECIAL NEEDS, LIFE TOWN WILL SERVE FAMILIES OF ALL AGES AND BACKGROUNDS WITH A VAST COLLECTION OF TRENDSETTING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Krieger Partner | OfficerTrustee | 1 | $0 |
David Orbach Secretary | OfficerTrustee | 1 | $0 |
Dara Orbach Vice President | OfficerTrustee | 1 | $0 |
Barry Lefkowitz President | OfficerTrustee | 1 | $0 |
Steven Simon Treasurer | OfficerTrustee | 1 | $0 |
Rabbi Zalman Grossbaum Chairman And CEO | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elyon Systems Av System | 6/29/20 | $119,713 |
Elyon Systems Av System | 6/29/20 | $119,713 |
Hollister Construction Construction | 6/29/20 | $148,652 |
Hollister Construction Construction | 6/29/20 | $148,652 |
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 | $686,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $686,304 |
| Total Program Service Revenue | $350,000 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,610 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,038,024 |
| 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 | $14,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,732 |
| Payroll taxes | $1,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $196 |
| Fees for services: Other | $1,540 |
| Advertising and promotion | $5,875 |
| Office expenses | $90,103 |
| Information technology | $158 |
| Royalties | $0 |
| Occupancy | $127,741 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,911 |
| Insurance | $3,496 |
| All other expenses | $36,200 |
| Total functional expenses | $771,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,536 |
| Savings and temporary cash investments | $503 |
| Pledges and grants receivable | $741,140 |
| Accounts receivable, net | $0 |
| 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 | $3,187 |
| Net Land, buildings, and equipment | $16,316,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $80,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,573 |
| Total assets | $17,640,347 |
| Accounts payable and accrued expenses | $69,970 |
| 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 | $1,820,039 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,890,009 |
| Net assets without donor restrictions | $13,692,279 |
| Net assets with donor restrictions | $2,058,059 |
| 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 | $17,640,347 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifetown Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Barbara W And Philip R Derrow Family Foundation New Albany, OH PURPOSE: OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant House New York, NY | $156,506,513 | $87,221,273 |
Youth Advocate Programs Inc Harrisburg, PA | $43,486,321 | $83,502,845 |
Pressley Ridge Pittsburgh, PA | $38,238,031 | $71,658,870 |
Astor Services For Children & Families Rhinebeck, NY | $27,182,642 | $67,060,321 |
The Door - A Center Of Alternatives Inc New York, NY | $65,166,795 | $30,494,046 |
Parsons Child & Family Center Albany, NY | $44,937,796 | $54,919,831 |
Cen Clear Child Services Inc Bigler, PA | $37,896,823 | $46,371,911 |
Adelphoi Village Inc Latrobe, PA | $22,442,616 | $43,995,520 |
A Second Chance Inc Pittsburgh, PA | $8,840,755 | $40,388,974 |
Silver Springs Martin Luther School Plymouth Meeting, PA | $35,019,600 | $42,003,118 |
Valley Youth House Committee Bethlehem, PA | $30,315,416 | $38,836,963 |
Children And Families First Delaware Inc Wilmington, DE | $10,992,713 | $29,769,883 |