Lifepoint INC EIN 22-3859351 Form 990 (PDF) Claim this org

Lifepoint INC FY2019 filing

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Educates individuals with special needs in a dedicated school. For fiscal year 2019 it reported $663K in revenue, $244K in expenses, and $521K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Mansfield, TX
Website
www.lifepointinc.org
Filings
7 on file (2019–2019)
Revenue
$663KFY2019
Expenses
$244K
Net assets
$521K
People
0
Filings
7
Updates
0
More identity details & actions ⌄
EIN  22-3859351 Public charity (501(c)(3)) Mansfield, TX
Form 990 (PDF)
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Educates individuals with special needs in a dedicated school.
Money in and out
$663K revenue, $244K expenses
Bottom line
+63% surplus margin
Where the money goes · FY2019
Total revenue
$663K
Pt VIII · Ln 12
Total expenses
$244K
Pt IX · Ln 25
Net assets
$521K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $419K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Surplus margin
+63%
revenue over expenses, this year
Donor-funded
75%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$663K
FY2019
Expenses
$244K
FY2019
Total assets
$521K
FY2019
Total liabilities
$-78
FY2019
Total revenue
$663K
Pt VIII · Ln 12
Total expenses
$244K
Pt IX · Ln 25
Net assets
$521K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$419K
Total assetsPt X · Ln 16$521K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLifepoint INC
EINHdr · item D22-3859351
Principal addressHdr · item CMansfield, TX
WebsiteHdr · item Jwww.lifepointinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B28)
Ruling yearIRS BMFOct 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported

Nancy Ryals’s $31K as Executive Di is at the 24th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Nancy Ryals$34,198$41,113
Nancy Ryals$30,992$40,473$37,271
Ray Wood$34,198
Michelle D Gammage$24,619

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.

See Lifepoint INC executive salaries →

Statement of Revenue

Part VIII
Contributions & grants$499K · 75%
Other revenue$164K · 25%
Contributions & grants75%$499K
Other revenue25%$164K
Total revenueLn 12$663K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$165K
Management & general32%$79K
Total functional expensesLn 25$244K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$521K
Total liabilitiesLn 26$-78
Total net assetsLn 32$521K

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $244K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $244K
Management & General
Management & general — · Total expenses $244K
Fundraising
Fundraising — · Total expenses $244K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $499K · Total revenue $663K
75%
Government reliance
Government grants — · Total revenue $663K
Earned-income share
Program service revenue — · Total revenue $663K
Investment reliance
Investment income — · Total revenue $663K
Program self-sufficiency
Program service revenue — · Total expenses $244K
Growth & trend
Revenue growth (YoY)
This year $663K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $521K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $663K · Expenses $244K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $521K
Net-asset ratio
Net assets $521K · Total assets $521K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $521K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $244K
No individual compensation reported on this filing
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $244K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%

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 · FY2024
Total grants receivedfrom 1 funder$11K

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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
FY2025 (Latest)$134K revenue · ⤓ 990 PDF
FY2024$141K revenue · ⤓ 990 PDF
FY2023$106K revenue · ⤓ 990 PDF
FY2022$152K revenue · ⤓ 990 PDF
FY2021$159K revenue · ⤓ 990 PDF
FY2020$303K revenue · ⤓ 990 PDF
FY2019$663K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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