Lifetime Assistance Foundation INC

Rochester, NYUnknown exempt organizationEIN 13-3754497Revenue $166K in FY2023

On file with the IRSlifetimeassistance.org/foundation.asp425 Paul Road · Rochester, NY

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The Foundation was formed to raise capital and program funds to support the priority needs of developmentally disabled individuals.

94¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $435K a year · 106% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $250
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$166K
-49% vs prior year
Spent
$1.2M
To programs
94%
Net assets
$0
By yearFY2020–FY2023
Revenue
$166K
FY2023▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$657K
FY2021$490K
FY2022$326K
FY2023$166K
Expenses
$1.2M
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$424K
FY2021$299K
FY2022$1.4M
FY2023$1.2M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.6M
FY2022$2.2M
FY2023$0

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.2M Management & general 6% · $78K Fundraising 0% · $268

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lifetime Assistance Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds to support the priority needs of developmentally disabled individuals.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2023
01

Grants awarded to lifetime assistance, inc. For capital project, equipment, services for programs, and scholarships providing services to developmentally disabled individuals.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$250
Grants paid · 1 grant · $1.2M · 2023–2023
Lifetime Assistance IncorporatedNY · FY2023$1,164,610

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$166K
Ln 12
Gifts and grantsLn 1h$151K
Investment incomeLn 3$17K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$78K
Fundraisingcol D$268
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$151K
Fundraising eventsLn 1c$60K
Investment incomeLn 3$17K
Gains on assetsLn 7−$2K
Total revenueLn 12$166K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$0
InvestmentsLn 11–13$967K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.2M$0
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Management feesLn 11a$61K$61K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$268$268
Office expensesLn 13$5$5
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$1.2M$1.2M$78K$268

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $166K$1.2M−$1.1M$0 990 PDF
FY2022 $326K$1.4M−$1.1M$2.2M 990 PDF
FY2021 $490K$299K$192K$3.6M 990 PDF
FY2020 $657K$424K$232K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $166,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $284,156$150,525
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $63,259$16,966
I-11 Other revenuePrior year −$21,886−$1,100
I-12 Total revenuePrior year $325,529$166,391
I-13 Grants and similar amounts paidPrior year $1,262,603$1,164,610
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $151,014$77,827
I-18 Total expensesPrior year $1,413,617$1,242,437
I-19 Revenue less expensesPrior year −$1,088,088−$1,076,046
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $166,391 across 7 lines filed
VIII-1c Fundraising events$60,067
VIII-1f All other contributions, gifts and grants$90,458
VIII-1h Total contributions, gifts and grants$150,525
VIII-3 Investment incomeExcluded from tax $18,493$18,493
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,527−$1,527
VIII-8 Net income from fundraising eventsExcluded from tax −$1,100−$1,100
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,866$166,391
Part IX · Statement of functional expenses $1,242,437 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $1,164,610$1,164,610
IX-11a Management feesManagement $60,734$60,734
IX-11c Accounting feesManagement $6,000$6,000
IX-12 Advertising and promotionFundraising $268$268
IX-13 Office expensesManagement $5$5
IX-23 InsuranceManagement $3,963$3,963
IX-24 Other expenses (24a–d)Management $6,857$6,857
IX-25 Total functional expensesPrograms $1,164,610 · Management $77,559 · Fundraising $268$1,242,437
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $49,148$0
X-2 Savings and temporary cash investmentsStart of year $1,076,866$0
X-3 Pledges and grants receivableStart of year $150,953$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $967,003$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,243,970$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $856,328$0
X-28 Net assets with donor restrictionsStart of year $1,387,642$0
X-32 Total net assets or fund balancesStart of year $2,243,970$0
X-33 Total liabilities and net assetsStart of year $2,243,970$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$166,391
XI-2 Total expenses$1,242,437
XI-3 Revenue less expenses−$1,076,046
XI-4 Net assets at start of year$2,243,970
XI-5 Net unrealized gains (losses) on investments$49,456
XI-9 Other changes in net assets−$1,217,380
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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