Lifeline Foundation Inc
- Assets
- $878.5k
- Revenue
- $129.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Somerset, KY
- Founding
- 10/1996
- Data as of
- 03/2021
- EIN
- 61-1304043
Organization Overview
Lifeline Foundation Inc is located in Somerset, KY. The organization was established in 1996. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeline Foundation 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 03/2021, Lifeline Foundation Inc generated $129.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $111.5k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT, SUPPLIES AND SERVICES TO FOSTER CARE FAMILIES IN THE COMMUNITY AND TO PROVIDE FREE MEDICAL SUPPLIES AND FOOD FOR NEEDY FAMILIES IN THE COMMUNITIES SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT, SERVICES, AND SUPPLIES TO ORGANIZATIONS AIDING FOSTER CARE FAMILIES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Wilson Director | OfficerTrustee | 4 | $0 |
John Wilson Treasurer | OfficerTrustee | 4 | $0 |
Phyllis Lawson President | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,500 |
| Investment income | $311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,319 |
| 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 | $129,656 |
| Statement of Expenses | |
|---|---|
| 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. | $36,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,583 |
| Payroll taxes | $3,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $684 |
| 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 | $16,004 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $111,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,240 |
| Savings and temporary cash investments | $177,987 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $878,549 |
| Accounts payable and accrued expenses | $1,415 |
| 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 | $0 |
| Total liabilities | $1,415 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $877,134 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifeline Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Mohn Family Foundation Los Angeles, CA PURPOSE: UNRESTRICTED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Kings Daughters Medical Specialties Inc Ashland, KY | $18,582,367 | $68,102,395 |
Ut Medical Group Inc Memphis, TN | $46,840,013 | $90,614,625 |
Seton-Ut Southwestern University Physicians Group St Louis, MO | $22,663,861 | $55,704,648 |
Lawndale Christian Health Center Chicago, IL | $104,964,446 | $69,640,122 |
Advocates For A Healthy Community Inc Springfield, MO | $98,458,435 | $87,063,482 |
Swope Health Services Kansas City, MO | $78,305,186 | $67,357,898 |
Indiana University Radiology Associates Inc Iu Medical Indianapolis, IN | $48,207,425 | $62,520,619 |
Pediatric Specialists Of Virginia Llc Fairfax, VA | $27,579,335 | $38,520,642 |
Lima Memorial Professional Corporation Lima, OH | $7,572,522 | $32,249,326 |
Southwest General Medical Group Inc Middleburg Heights, OH | $21,055,566 | $33,302,306 |