Lifepoint INC FY2021 filing

Tax-deductible

Mansfield, TX501(c)(3)EducationEIN 22-3859351Revenue $159K in FY2021

On file with the IRSlifepointinc.org580 Pleasant Ridge Dr, 76063-1552 · Mansfield, TXTax-exempt since Oct 2002School — 170(b)(1)(A)(ii)

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The mission of Lifepoint, INC. Is to conduct a school for individuals with special needs and perform such other functions as may be necessary or appropriate to fulfill this purpose.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 7
filings with a surplus
Average surplus $17K a year · 7% of revenue · last 7 filings
Worth a look: a surplus in 2 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 5 voting members
Looks good: 6 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
-47% vs prior year
Spent
$189K
To programs
69%
Net assets
$581K
By yearFY2019–FY2025
Revenue
$159K
FY2021▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2019$663K
FY2020$303K
FY2021$159K
FY2022$152K
FY2023$106K
FY2024$141K
FY2025$134K
Expenses
$189K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2019$244K
FY2020$214K
FY2021$189K
FY2022$195K
FY2023$214K
FY2024$245K
FY2025$236K
Net assets
$581K
FY2021▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2019$521K
FY2020$610K
FY2021$581K
FY2022$537K
FY2023$432K
FY2024$312K
FY2025$235K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $130K Management & general 31% · $59K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A

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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Nancy Ryals$30,992$40,473$37,271$34,198$41,113
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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates individuals with special needs in a dedicated school.

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Provided by the organization

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1 program · $130K · in their own filed words · FY2021
01

Continued education for individuals with special needs and further development of programs to help them acheive their potential. These high-risk individuals are being trained academically and in essential life skills with a low teacher-to-student ratio.

$130Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$159K
Ln 12
Fees for servicesLn 2g$79K
Investment incomeLn 3$53K
Gifts and grantsLn 1h$27K
Money outPt IX
$189K
Ln 25
Programscol B$130K
Managementcol C$59K
Owns and owesPt X
$581K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$585K
LiabilitiesLn 26$4K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Fees for servicesLn 2g$79K
Investment incomeLn 3$53K
Gains on assetsLn 7$0
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$38K
InvestmentsLn 11–13$505K
Land, buildings, equipmentLn 10c$40K
Other assetsLn 15$0
Total assetsLn 16$585K
LiabilitiesLn 26$4K
Net assetsLn 32$581K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$31K$38K
InvestmentsLn 11–13$539K$505K
Land, buildings, equipmentLn 10c$40K$40K
Total assetsLn 16$610K$585K
LiabilitiesLn 26−$78$4K
Net assetsLn 32$610K$581K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$37K$37K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$100K$100K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$8K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$764$764
RoyaltiesLn 15$0
OccupancyLn 16$1K$1K$260
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$20K$10K$10K
Other expenses (24a–d)Ln 24$9K$7K$1K
All other expensesLn 24e$5K$3K$2K
Total functional expensesLn 25$189K$130K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $134K$236K−$103K$235K 990 PDF
FY2024 $141K$245K−$104K$312K 990 PDF
FY2023 $106K$214K−$108K$432K 990 PDF
FY2022 $152K$195K−$43K$537K 990 PDF
FY2021 Viewing $159K$189K−$29K$581K 990 PDF
FY2020 $303K$214K$89K$610K 990 PDF
FY2019 $663K$244K$419K$521K 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 FY2021 990 (6 parts)
Part I · Summary $159,498 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $173,292$27,013
I-9 Program service revenuePrior year $45,111$79,104
I-10 Investment incomePrior year $42,099$53,381
I-11 Other revenuePrior year $42,500$0
I-12 Total revenuePrior year $303,002$159,498
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $177,119$147,475
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,332$41,157
I-18 Total expensesPrior year $214,451$188,632
I-19 Revenue less expensesPrior year $88,551−$29,134
Part VI · Governance 6 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $159,498 across 9 lines filed
VIII-1f All other contributions, gifts and grants$27,013
VIII-1h Total contributions, gifts and grants$27,013
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,104$79,104
VIII-3 Investment incomeRelated to mission $53,381$53,381
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $132,485$159,498
Part IX · Statement of functional expenses $188,632 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $36,624$36,624
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $100,266$100,266
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $7,755 · Management $2,830$10,585
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $5,460$5,460
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technologyManagement $764$764
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,060 · Management $260$1,320
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $10,141 · Management $10,140$20,281
IX-24 Other expenses (24a–d)Programs $7,461 · Management $1,130$8,591
IX-24e All other expensesPrograms $3,025 · Management $1,716$4,741
IX-25 Total functional expensesPrograms $129,708 · Management $58,924 · Fundraising $0$188,632
Part X · Balance sheet $585,177 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,297$14,337
X-2 Savings and temporary cash investmentsStart of year $25,381$23,384
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $483$1,824
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $40,143$40,143
X-11 Publicly traded securitiesStart of year $538,570$505,489
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 $609,874$585,177
X-25 Other liabilitiesStart of year −$78$4,359
X-26 Total liabilitiesStart of year −$78$4,359
X-27 Net assets without donor restrictionsStart of year $609,952$580,818
X-32 Total net assets or fund balancesStart of year $609,952$580,818
X-33 Total liabilities and net assetsStart of year $609,874$585,177
Part XI · Reconciliation of net assets $580,818 net assets at year end
XI-1 Total revenue$159,498
XI-2 Total expenses$188,632
XI-3 Revenue less expenses−$29,134
XI-4 Net assets at start of year$609,952
XI-10 Net assets at end of year$580,818

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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