Life Challenge Of Amarillo Inc
- Assets
- $1.4m
- Revenue
- $927.1k
- Investments
- $0.0
- Employees
- 17
- Location
- Amarillo, TX
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 75-1836322
Organization Overview
Life Challenge Of Amarillo Inc is located in Amarillo, TX. The organization was established in 1983. 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, Life Challenge Of Amarillo Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Challenge Of Amarillo 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, Life Challenge Of Amarillo Inc generated $927.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $708.5k during the year ending 12/2022. While expenses have increased by 12.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PROGRAM FOR THOSE WHO ARE HURTING WITH LIFE-CONTROLLING PROBLEMS. TO SUPPORT, CONDUCT, MAINTAIN, AND ENCOURAGE SELF-DESCIPLINE IN A CHRISTIAN ENVRIONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN MENTORING: MARRIAGE; PARENTS WITH TROUBLED YOUTH; INDIVIDUALS WITH LIFE CONTROLLING PROBLEMS - DRUGS, ALCOHOL, ETC.
PUBLIC EDUCATION TO PREVENT AND/OR IDENTIFY DRUG AND ALCOHOL ADDICTION.
CHRISTIAN GROWTH LIVE-IN PROGRAM FOR PERSONS DESIRING TO SEPARATE THEMSELVES FROM PROBLEM SITUATIONS AND LEARN TO LIVE AS JESUS DESIRES THEM TO LIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Russell President | OfficerTrustee | 0 | $0 |
Brent Womble Secretary | OfficerTrustee | 0 | $0 |
Garland Sell Treasurer | OfficerTrustee | 0 | $0 |
Jerry Downs Board Member | Trustee | 0 | $0 |
Lonnie Ferril Board Member | Trustee | 0 | $0 |
Corky Holland Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,639 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $555,716 |
| Noncash contributions included in lines 1a–1f | $35,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,355 |
| Total Program Service Revenue | $212,752 |
| Investment income | $2,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $927,122 |
| 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. | $89,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,294 |
| Payroll taxes | $19,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,702 |
| Advertising and promotion | $0 |
| Office expenses | $3,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,266 |
| Interest | $391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,310 |
| Insurance | $21,151 |
| All other expenses | $96,054 |
| Total functional expenses | $708,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,834 |
| Savings and temporary cash investments | $252,076 |
| 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 | $814,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $293 |
| Other assets | $0 |
| Total assets | $1,418,377 |
| Accounts payable and accrued expenses | $31,475 |
| 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 | $31,475 |
| Net assets without donor restrictions | $1,345,652 |
| Net assets with donor restrictions | $41,250 |
| 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 | $1,418,377 |