Life Styles Inc
- Assets
- $7.3m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- 12/1976
- Data as of
- 06/2022
- EIN
- 71-0470300
Organization Overview
Life Styles Inc is located in Fayetteville, AR. The organization was established in 1976. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. Life Styles 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 06/2022, Life Styles Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 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
THE PURPOSE OF LIFE STYLES, INC. IS TO SUPPORT AND ASSIST ADULTS WITH DEVELOPMENTAL DISABILITIES IN THEIR GROWTH AND DEVELOPMENT. LIFE STYLES, INC. PROVIDES TRANSITIONAL APARTMENT LIVING, LIFE SKILLS TRAINING, COMMUNITY SUPPORT, CONTINUING EDUCATIONAL OPPORTUNITIES, AND SUPPORTED EMPLOYMENT. PROVIDING QUALITY SERVICES AND RESOURCES CONSISTENT WITH THE DIGNITY OF THE INDIVIDUAL AND WITH THE PRINCIPLES OF HUMANITY IS A FUNDAMENTAL CONCERN OF THE ORGANIZATION. ALL PARTS OF LIFE STYLES, INC. PROGRAM ARE DESIGNED TO MEET THE NEEDS OF THE INDIVIDUAL WITH EMPHASIS ON ALL PHASES OF HIS OR HER OPTIMUM GROWTH AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED LIVING PROVIDES SERVICES AND SUPPORTS TO INDIVIDUALS THROUGH THE MEDICAID WAIVER HOME AND COMMUNITY BASED PROGRAM. STAFF DEVELOPS INDIVIDUAL PLANS OF CARE FOR EACH INDIVIDUAL, ALONG WITH THEIR FAMILY, WHICH FOCUSES ON LIFE SKILL TRAINING, HEALTH AND SAFETY ISSUES, AND SOCIAL OPPORTUNITIES IN THE COMMUNITY. EACH PLAN OF CARE LISTS THE GOALS THAT EACH PERSON WANTS TO ACHIEVE. STAFF ARE HIRED AND TRAINED TO SUPPORT PEOPLE TO ACHIEVE THEIR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Newman Executive Director | OfficerTrustee | 40 | $131,556 |
Sherry Anderson Finance Director | Officer | 40 | $116,055 |
Craig Shy President | OfficerTrustee | 1 | $0 |
Kerry Bradley Treasurer | OfficerTrustee | 1 | $0 |
David Van Bebber Vice President | OfficerTrustee | 1 | $0 |
Jennifer Irwin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,746 |
| Related organizations | $0 |
| Government grants | $480,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $401,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,331 |
| Total Program Service Revenue | $9,688,564 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,236 |
| Net Income from Fundraising Events | -$6,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,687,117 |
| 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. | $273,843 |
| Compensation of current officers, directors, key employees. | $273,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,910,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $565,856 |
| Payroll taxes | $615,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,744 |
| Advertising and promotion | $0 |
| Office expenses | $42,358 |
| Information technology | $129,830 |
| Royalties | $0 |
| Occupancy | $119,888 |
| Travel | $95,642 |
| 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 | $197,583 |
| Insurance | $75,661 |
| All other expenses | $39,641 |
| Total functional expenses | $10,486,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,505,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,623 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,377,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,542 |
| Total assets | $7,250,362 |
| Accounts payable and accrued expenses | $968,282 |
| 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 | $968,282 |
| Net assets without donor restrictions | $6,244,602 |
| Net assets with donor restrictions | $37,478 |
| 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 | $7,250,362 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Life Styles Inc has recieved totaling $415,211.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $343,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: 2021 SUPPORT | $25,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO PURCHASE SECURITY INSTALLED AT THE ORGANIZATION'S THREE SITES | $11,104 |
Wal-Mart Foundation Bentonville, AR PURPOSE: EXECUTIVE MATCHING GIFT PROGRAM | $10,002 |
Western Union Foundation Inc Denver, CO PURPOSE: GIFT MATCHING GRANT | $1,000 |
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|---|---|---|
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Lighthouse For The Blind St Louis, MO | $132,994,524 | $33,499,796 |
Disability Services Of The Southwest San Antonio, TX | $12,999,029 | $27,578,028 |
Hughen Center Inc Port Arthur, TX | $48,676,855 | $32,249,164 |
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Buckner International Dallas, TX | $12,129,357 | $21,781,250 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |