Lime Connect Inc
- Assets
- $900.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 65-1276811
Organization Overview
Lime Connect Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Lime Connect Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lime Connect 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 12/2023, Lime Connect Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING INDIVIDUALS WITH DISABILITIES FOR EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A FELLOWSHIP PROGRAM, SCHOLARSHIPS, CORPORATE RECRUITMENT RECEPTIONS AND THE LIME NETWORK. LIME CONNECT IS REBRANDING DISABILITY AND SHOWCASING THE VALUE OF THIS UNTAPPED POOL OF INTELLECTUAL CAPITAL. SCHOLARSHIPS AND STIPENDS TOTALING $249,000 WERE AWARDED TO 40 DIFFERENT INDIVIDUALS DURING THE 2023 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Lang President/ceo | OfficerTrustee | 40 | $124,500 |
Mike Mackay Board Chairman | OfficerTrustee | 2 | $0 |
Jason Capili Director | Trustee | 1 | $0 |
Alice Kim Director | Trustee | 1 | $0 |
Gary Fraser Director | Trustee | 1 | $0 |
Nancy Oduro Director | Trustee | 1 | $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 | $1,596,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,596,335 |
| Total Program Service Revenue | $0 |
| Investment income | $204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$51,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,545,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $249,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,500 |
| Compensation of current officers, directors, key employees. | $8,316 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,349 |
| Payroll taxes | $143,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,999 |
| Advertising and promotion | $11,166 |
| Office expenses | $19,908 |
| Information technology | $13,640 |
| Royalties | $0 |
| Occupancy | $14,124 |
| Travel | $12,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,653 |
| Insurance | $0 |
| All other expenses | $753,837 |
| Total functional expenses | $1,714,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,899 |
| Savings and temporary cash investments | $396,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,940 |
| 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 | $93,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,350 |
| Accounts payable and accrued expenses | $41,501 |
| 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 | $41,501 |
| Net assets without donor restrictions | $610,849 |
| Net assets with donor restrictions | $248,000 |
| 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 | $900,350 |