Lift A Life Foundation Inc
- Assets
- $59.0m
- Revenue
- $8.6m
- Investments
- $56.7m
- Employees
- 0
- Location
- Mayfield Heights, OH
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 61-1359337
Organization Overview
Lift A Life Foundation Inc is located in Mayfield Heights, OH. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lift A Life 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 12/2022, Lift A Life Foundation Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $12.0m during the year ending 12/2022. While expenses have increased by 3.5% 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.
Since 2015, Lift A Life Foundation Inc has awarded 486 individual grants totaling $67,792,262. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Novak Director & President | 0 | $0 | |
Wendy L Novak Director,vp,secret,treas | 0 | $0 | |
Ashley Novak Butler Director | 40 | $223,292 | |
Jonathan A Butler Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,955,275 |
| Interest on Savings | $207,076 |
| Dividends & Interest | $572,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$173,301 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,561,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $223,292 |
| Other employee salaries and wages | $160,090 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $221,151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,349 |
| Printing and publications | $0 |
| Other expenses | $22,778 |
| Total operating and administrative expenses | $1,022,547 |
| Contributions, gifts, grants paid | $10,954,168 |
| Total expenses and disbursements | $11,976,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,324,285 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,500,000 |
| Net Land, buildings, and equipment | $7,777 |
| Other assets | $0 |
| Total assets | $59,047,979 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lift A Life Foundation Inc has awarded $10,954,168 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
A CURE FOR ROBERT INC PURPOSE: GENERAL | $40,000 |
ACE PROJECT PURPOSE: LEADERSHIP | $49,000 |
BIAK PURPOSE: GENERAL | $5,000 |
CAMP HENDON PURPOSE: JUVENILE DIABETES (JD) | $100,000 |
BOYS AND GIRLS CLUB OF KENTUCKIANA PURPOSE: LEADERSHIP | $2,500 |
CATHOLIC CHARITIES OF LOUISVILLE PURPOSE: HUNGER | $2,500 |