Life Leaders Inc
- Assets
- $76.3k
- Revenue
- $108.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Detroit, MI
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 83-2198567
Organization Overview
Life Leaders Inc is located in Detroit, MI. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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 Leaders 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, Life Leaders Inc generated $108.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $201.9k during the year ending 12/2023. 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
LFE LEADERS, INC. IS A LEADERSHIP AND CAREER DEVELOPMENT PROGRAM THAT USES BUSINESS SKILL TRAINING TO HELP TEENS AND YOUNG ADULTS FIND THEIR VOICE, ESTABLISH GOALS, AND ACTION PLANS FOR ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LFE LEADERS, INC. YOUTH LEADERSHIP, CAREER DEVELOPMENT AND SKILLED WORKFORCE TRAINING PROGRAMS HAVE REACHED OVER 200 YOUTH THROUGHOUT DETROIT THROUGH ITS TRAINING, PEER-TO-PEER WORKSHOPS, AND INAUGURAL YOUTH SUMMIT CONFERENCE. LFE HAS PARTNERED UAW-FORD, STRATEGIC STAFFING SOLUTIONS, GROW DETROIT'S YOUNG TALENT, MIKE ILITCH SCHOOL OF BUSINESS, CASS TECHNICAL HIGH SCHOOL, TINDAL ACTIVITY CENTER, SAY DETROIT PLAY CENTER, UNIVERSITY OF MICHIGAN'S DOCTORS OF TOMORROW PROGRAM AT CASS TECHNICAL HIGH SCHOOL, THE CITY OF DETROIT, DELOITTE, DONER, AND MANY OTHER ORGANIZATIONS AND COMPANIES THROUGHOUT DETROIT. LFE'S STUDENTS' WORK HAS LED TO FUNDING FOR A COMMUNITY PARTNER, MEETINGS WITH CITY LEADERS TO BE DIRECTLY INVOLVED IN THE CONVERSATIONS IMPACTING DETROIT'S REVITALIZATION, BEING THE LEAD MICHIGAN PARTNER FOR A NATIONAL YOUTH CIVICS ORGANIZATION, PLANNING YOUTH SUMMIT CONFERENCE 2020 HOSTED BY MIKE ILITCH SCHOOL OF BUSINESS - WAYNE STATE UNIVERSITY, PRODUCING A HIGH-PROFILE FUNDRAISING EVENT SUICIDE PREVENTION TRAINING IN DETROIT, AND YOUTH TAKING RESPONSIBILITY FOR THEIR FUTURES, AND THE FUTURE OF THEIR CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Franklin Executive Di | OfficerTrustee | 40 | $65,192 |
Leslie Graham Andrews Chair | Trustee | 2 | $0 |
Camille Walker Banks Director | Trustee | 2 | $0 |
Regina Ann Campbell Director | Trustee | 2 | $0 |
Michael Eidelman Director | Trustee | 2 | $0 |
Jane Goodman Director | Trustee | 2 | $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 | $40,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,476 |
| Total Program Service Revenue | $62,955 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,154 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,585 |
| 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. | $65,192 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,093 |
| Office expenses | $995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,143 |
| All other expenses | $398 |
| Total functional expenses | $201,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,425 |
| 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 | $816 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,294 |
| Accounts payable and accrued expenses | $32,872 |
| 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 | $91,784 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,351 |
| Total liabilities | $129,007 |
| Net assets without donor restrictions | -$74,013 |
| Net assets with donor restrictions | $21,300 |
| 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 | $76,294 |