Lifeties INC EIN 22-2417627 Form 990 (PDF) Claim this org

Lifeties INC

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Empowers vulnerable youth, young adults, and families to achieve wellness and self-sufficiency. For fiscal year 2022 it reported $765K in revenue, $937K in expenses, and $387K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Ewing, NJ
Website
www.lifeties.org
Filings
2 on file (2021–2022)
Revenue
$765KFY2022
Expenses
$937K
Net assets
$387K
People
11
Filings
2
Updates
0
More identity details & actions ⌄
EIN  22-2417627 Unknown exempt organization Ewing, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers vulnerable youth, young adults, and families to achieve wellness and self-sufficiency.
Leadership
Bryan Baugh · Trustee
Money in and out
$765K revenue, $937K expenses
Bottom line
-22% surplus margin
Reported financial activity · FY2022
Total revenue
$765K
Pt VIII · Ln 12
Total expenses
$937K
Pt IX · Ln 25
Net assets
$387K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$172K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.08 Fundraising $0.03
Surplus margin
-22%
revenue over expenses, this year▼ -2269% vs prior filing year
Program spending
89%
of expenses reach programs▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$765K
FY2022▼ -65%
Expenses
$937K
FY2022▼ -57%
Total assets
$0
FY2022▼ -100%
Total liabilities
$-387K
FY2022▼ -178%
Total revenue
$765K
Pt VIII · Ln 12
Total expenses
$937K
Pt IX · Ln 25
Net assets
$387K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$172K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLifeties INC
EINHdr · item D22-2417627
Principal addressHdr · item CEwing, NJ
WebsiteHdr · item Jwww.lifeties.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Lori Morris$109,410$111,719

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $716K of program spending, described in the organization's own filed words · FY2022.
01

Triad House

Triad House is a 24-hour residential group home for youth ages 16-21. This is a LGBTQ+ friendly home. Youth are provided with life skills training, medical support, educational support and advocacy, mental health services, career services, and recreational activities. Many of the youth are victims of abuse and/or neglect.

$445Kprogram expense
02

Transitional Housing/Rapid Re-Housing (th/Rrh)

is a supportive housing program for homeless young adults ages 18-24 from Mercer County NJ. We have targeted single unaccompanied young adults and also pregnant and parenting young adults and their children.

$169Kprogram expense
03

Lgbtq Programs

Our Youth and Family Pride Center provides an array of services for youth identified as LGBTQ+ as well as support for families of LGBTQ+ youth. Our experienced staff take referrals from schools and other social service providers working with youth who are struggling with mental health challenges, bullying, acceptance and in need of…

$102Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$437K · 57%
Program service revenue$328K · 43%
Contributions & grants57%$437K
Program service revenue43%$328K
Investment income$116
— government grantsLn 1e$394K
Total revenueLn 12$765K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.08 Fundraising $0.03
Program services89%$832K
Management & general8%$77K
Fundraising3%$28K
Total functional expensesLn 25$937K

Balance Sheet

Part X · end of year
CashLn 1$316K
Total assetsLn 16$0
Total liabilitiesLn 26$-387K
Total net assetsLn 32$387K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $316K · Operating expenses/yr $937K
4.1 months
Where the money goes
Program services
Program services $832K · Total expenses $937K
89%
Management & General
Management & general $77K · Total expenses $937K
8%
Fundraising
Fundraising $28K · Total expenses $937K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $47K · Solicited contributions (3-yr avg) $142K
$0.33 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $437K · Total revenue $765K
57%
Government reliance
Government grants $394K · Total revenue $765K
52%
Earned-income share
Program service revenue $328K · Total revenue $765K
43%
Investment reliance
Investment income $116 · Total revenue $765K
+0.02%
Program self-sufficiency
Program service revenue $328K · Total expenses $937K
35%
Growth & trend
Revenue growth (YoY)
This year $765K · Prior year $2.2M
-65%
Net-asset trend (YoY)
End of year $387K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $765K · Expenses $937K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $387K · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bryan Baugh · Reported title Trustee · Highest reported compensation $0 · Total expenses $937K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $535K · Total expenses $937K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 8%
Fundraising cost ratio 6%
Revenue growth -65%
Legal fee ratio 0%
Accounting fee ratio 0.9%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$38

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022$2.2M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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