Lifecycles Inc
- Assets
- $222.6k
- Revenue
- $240.2k
- Investments
- $0.0
- Employees
- 2
- Location
- York, PA
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-2526482
Organization Overview
Lifecycles Inc is located in York, PA. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Lifecycles Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifecycles 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, Lifecycles Inc generated $240.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $200.7k during the year ending 12/2022. While expenses have increased by 12.5% 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
TO SERVICE THE GENERAL PUBLIC IN ASSISTANCE WITH EDUCATION AND SERVICES TO AT-RISK YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFECYCLES IS AN ORGANIZATION THAT PROVIDES EDUCATION AND SERVICES TO AT- RISK YOUTH THROUGH THE MEDIUM OF BICYCLES AND BICYCLE RIDES. CHRIST- CENTERED BICYCLE ADVENTURES IN LOCAL AREAS PROVIDE PHYSICAL ACTIVITY, SPIRITUAL DEVELOPMENT AND LIFE SKILLS MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Deremer Executive Di | Officer | 40 | $43,925 |
Thomas Berridge Board Of Dir | Trustee | 2 | $0 |
Tegan Blackbird Board Of Dir | Trustee | 2 | $0 |
Jeff Bradley Board Of Dir | Trustee | 2 | $0 |
Roger Garber Board Of Dir | Trustee | 2 | $0 |
Mark Hoffman Board Chairm | OfficerTrustee | 2 | $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 | $240,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,183 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,206 |
| 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. | $43,925 |
| Compensation of current officers, directors, key employees. | $4,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,685 |
| Office expenses | $5,168 |
| 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 | $8,406 |
| Insurance | $25,334 |
| All other expenses | $6,432 |
| Total functional expenses | $200,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $20,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,626 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,637 |
| Total liabilities | $2,637 |
| Net assets without donor restrictions | $219,989 |
| 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 | $222,626 |