Lifecycles INC

EIN 47-2526482 Religious organization York, PA NTEE X20
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Revenue & expenses by yearFY2020–FY2024
Revenue
$266K
FY2024▲ +29%
Expenses
$287K
FY2024▲ +60%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Provides education and services to at-risk youth. For fiscal year 2024 it reported $266K in revenue, $287K in expenses, and $216K in net assets.Pt I

Type
Religious organization · Religion
Location
York, PA
Website
www.lifecyclesteam.org
Filings
5 on file (2020–2024)
Revenue
$266KFY2024
Expenses
$287K
Net assets
$216K
People
8
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Provided by the organization

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Size
$100K–1M
What they do
Provides education and services to at-risk youth.
Leadership
Lee Deremer · Executive Di · $75K
Money in and out
$266K revenue, $287K expenses
Bottom line
68% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good Yes

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 3 funders, incl. Thrivent Charitable Impact & Investing

$26K in the latest grant year. Details →

Spent on programs?

good 68% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↑ +29% vs prior year Details →

Where the money goes · FY2024
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$216K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.11 Fundraising $0.21
Program efficiency
68%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
8.5mo
months of highly liquid reserves at operating expense rate▼ -40% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -160% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$219K
FY2024▼ -8%
Total liabilities
$3K
FY2024▲ +25%
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$219K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLifecycles INC
EINHdr · item D47-2526482
Principal addressHdr · item CYork, PA
WebsiteHdr · item Jwww.lifecyclesteam.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$75,000Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A

Lee Deremer’s $75K as Executive Di is at the 75th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2021FY2020
Lee Deremer$75,000$48,510$43,925$21,000$41,000$40,000

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

1 program service account for $195K of program spending, described in the organization's own filed words · FY2024.
01

Lifecycles is an organization that provides education and services to at- risk youth through the medium of bicycles and bicycle rides. Christ- centered bicycle adventures in local areas provide physical activity, spiritual development and life skills mentoring.

$195Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$263K · 99%
Investment income$3K · 1%
Contributions & grants99%$263K
Investment income1%$3K
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.11 Fundraising $0.21
Program services68%$195K
Management & general11%$32K
Fundraising21%$60K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$202K
Total assetsLn 16$219K
Total liabilitiesLn 26$3K
Total net assetsLn 32$216K
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $202K · Operating expenses/yr $287K
8.5 months
Where the money goes
Program services
Program services $195K · Total expenses $287K
68%
Management & General
Management & general $32K · Total expenses $287K
11%
Fundraising
Fundraising $60K · Total expenses $287K
21%
Cost to raise $1
Fundraising expense (3-yr avg) $34K · Solicited contributions (3-yr avg) $237K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $263K · Total revenue $266K
99%
Government reliance
Government grants — · Total revenue $266K
—
Earned-income share
Program service revenue $0 · Total revenue $266K
0%
Investment reliance
Investment income $3K · Total revenue $266K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $287K
0%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $206K
+29%
Revenue CAGR
FY2019 $225K · FY2024 $266K
+3%
Net-asset trend (YoY)
End of year $216K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $287K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $219K
—
Net-asset ratio
Net assets $216K · Total assets $219K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $219K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lee Deremer · Reported title EXECUTIVE DI · Highest reported compensation $75K · Total expenses $287K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $287K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 11%——
Fundraising cost ratio 23%——
Revenue growth 29%——
Accounting fee ratio 1%——

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 3 funders$26K
See all 3 funders →

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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
FY2024 (Latest)$266K revenue · viewing · ⤓ 990 PDF
FY2023$206K revenue · ⤓ 990 PDF
FY2022$240K revenue · ⤓ 990 PDF
FY2021$177K revenue · ⤓ 990 PDF
FY2020$225K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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