Life Network: Nonprofit Profile, Financials & Form 990 (EIN 84-0970592)

Rich Bennett’s $217K as President is at the 77th percentile of top reported officer pay among 3128 $1–10M health care 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Rich Bennett	$216,560	$209,280	$200,050	$179,120	$144,170	$174,098

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 15aYes

Programs and updates

Supports and mentors parents through unexpected pregnancies and teaches healthy relationship skills.

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Provided by the organization

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3 programs · $4.7M · in their own filed words · FY2025

01

See Schedule O

$3.2Mprogram expense

02

Life Network Family Thrift Stores

our two thrift stores provide quality, affordable goods to our surrounding community, and the proceeds from the stores benefit our life-giving ministry. Life network clients earn and receive "store bucks" that can be used for furniture, clothes, furnishings, and more as they start their families.

$1.2Mprogram expense

03

Education for a Lifetime

This in-school program provides comprehensive education on healthy relationships, suicide awareness and prevention, and mental health awareness. Last year, we taught more than 7,642 students in 35 middle and high schools.

$363Kprogram 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 · FY2025

Save the StorksFY2025$8K

Pikes Peak Community FoundationFY2025$5K

Total grants receivedfrom 2 funders$13K

By the numbers

The FY2025 990, line by line.

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1The main four

Money inPt VIII

$7.0M

Ln 12

Gifts and grantsLn 1h$7.3M

Investment incomeLn 3$78K

Fees for servicesLn 2g$64K

Money outPt IX

$5.9M

Ln 25

Programscol B$4.7M

Managementcol C$402K

Fundraisingcol D$821K

Owns and owesPt X

$9.6M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$10.1M

LiabilitiesLn 26$521K

PeoplePt VI, VII

11

listed · VII A

PaidVII A1

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.3M

Noncash giftsLn 1g$1.8M

Fundraising eventsLn 1c$1.3M

Fees for servicesLn 2g$64K

Investment incomeLn 3$78K

Total revenueLn 12$7.0M

Assets in detailPt X, end of year

CashLn 1$1.4M

SavingsLn 2$635K

Cash and savings togetherLn 1–2$2.1M

InvestmentsLn 11–13$1.4M

Land, buildings, equipmentLn 10c$6.0M

Other assetsLn 15$124K

Total assetsLn 16$10.1M

LiabilitiesLn 26$521K

Net assetsLn 32$9.6M

OperationsPt I, VI

EmployeesI 5111

VolunteersI 6580

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.5M	$2.1M
InvestmentsLn 11–13	$959K	$1.4M
Land, buildings, equipmentLn 10c	$5.3M	$6.0M
Total assetsLn 16	$9.3M	$10.1M
LiabilitiesLn 26	$825K	$521K
Net assetsLn 32	$8.5M	$9.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$70K	$70K
Pay of current officers, directors and key staffLn 5	$223K	$185K	$15K	$23K
Other salaries and wagesLn 7	$3.2M	$2.6M	$219K	$329K
Other employee benefitsLn 9	$259K	$214K	$18K	$27K
Payroll taxesLn 10	$252K	$208K	$17K	$26K
Accounting feesLn 11c	$213K	$187K	$25K	$1K
Advertising and promotionLn 12	$461K	$228K	$633	$232K
OccupancyLn 16	$497K	$328K	$51K	$119K
TravelLn 17	$56K	$49K	$6K	$661
Conferences, conventions and meetingsLn 19	$119K	$104K	$4K	$12K
Depreciation, depletion and amortizationLn 22	$187K	$144K	$21K	$21K
Other expenses (24a–d)Ln 24	$433K	$378K	$24K	$31K
Total functional expensesLn 25	$5.9M	$4.7M	$402K	$821K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$7.0M	$5.9M	$1.1M	$9.6M	990 PDF
FY2024	$6.3M	$4.9M	$1.4M	$8.5M	990 PDF
FY2023	$6.0M	$4.1M	$2.0M	$7.1M	990 PDF
FY2022	$5.0M	$3.3M	$1.7M	$5.1M	990 PDF
FY2021	$4.2M	$2.8M	$1.4M	$3.5M	990 PDF
FY2020	$3.2M	$2.3M	$909K	$2.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $7,003,398 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,540,759$7,278,751

I-9 Program service revenuePrior year $38,583$64,169

I-10 Investment incomePrior year $83,823$77,884

I-11 Other revenuePrior year −$338,125−$417,406

I-12 Total revenuePrior year $6,325,040$7,003,398

I-13 Grants and similar amounts paidPrior year $87,014$70,390

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $2,961,232$3,900,411

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,863,085$1,967,097

I-18 Total expensesPrior year $4,911,331$5,937,898

I-19 Revenue less expensesPrior year $1,413,709$1,065,500

Part VI · Governance 10 of 10 board members independent, no flags

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $7,003,398 across 9 lines filed

Lines not itemized here account for −$156,514 of total revenue; see the IRS return.

VIII-1c Fundraising events$1,294,179

VIII-1f All other contributions, gifts and grants$5,984,572

VIII-1g Noncash contributions (included above)$1,848,310

VIII-1h Total contributions, gifts and grants$7,278,751

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $64,169$64,169

VIII-3 Investment incomeExcluded from tax $77,884$77,884

VIII-8 Net income from fundraising eventsExcluded from tax −$270,347−$270,347

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,455$9,455

VIII-12 Total revenueRelated to mission −$82,890 · Unrelated business $0 · Excluded from tax −$192,463$7,003,398

Part IX · Statement of functional expenses $5,937,898 across 12 lines filed

IX-2 Grants to domestic individualsPrograms $70,390$70,390

IX-5 Pay of current officers, directors and key staffPrograms $184,546 · Management $15,462 · Fundraising $23,184$223,192

IX-7 Other salaries and wagesPrograms $2,618,143 · Management $219,361 · Fundraising $328,905$3,166,409

IX-9 Other employee benefitsPrograms $214,228 · Management $17,949 · Fundraising $26,912$259,089

IX-10 Payroll taxesPrograms $208,135 · Management $17,439 · Fundraising $26,147$251,721

IX-11c Accounting feesPrograms $187,204 · Management $24,796 · Fundraising $1,088$213,088

IX-12 Advertising and promotionPrograms $228,470 · Management $633 · Fundraising $232,008$461,111

IX-16 OccupancyPrograms $327,757 · Management $50,837 · Fundraising $118,788$497,382

IX-17 TravelPrograms $49,484 · Management $6,278 · Fundraising $661$56,423

IX-19 Conferences, conventions and meetingsPrograms $103,578 · Management $3,982 · Fundraising $11,557$119,117

IX-22 Depreciation, depletion and amortizationPrograms $144,037 · Management $21,450 · Fundraising $21,450$186,937

IX-24 Other expenses (24a–d)Programs $378,377 · Management $24,065 · Fundraising $30,597$433,039

IX-25 Total functional expensesPrograms $4,714,349 · Management $402,252 · Fundraising $821,297$5,937,898

Part X · Balance sheet $10,108,213 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $1,028,291$1,431,268

X-2 Savings and temporary cash investmentsStart of year $1,432,258$635,242

X-4 Accounts receivableStart of year $40$309

X-8 Inventories for sale or useStart of year $296,916$416,333

X-9 Prepaid expenses and deferred chargesStart of year $73,975$81,752

X-10c Land, buildings and equipment, netStart of year $5,284,676$5,975,303

X-11 Publicly traded securitiesStart of year $959,051$1,443,548

X-15 Other assetsStart of year $271,890$124,458

X-16 Total assetsStart of year $9,347,097$10,108,213

X-17 Accounts payable and accrued expensesStart of year $560,425$406,699

X-25 Other liabilitiesStart of year $264,589$113,931

X-26 Total liabilitiesStart of year $825,014$520,630

X-27 Net assets without donor restrictionsStart of year $8,355,871$9,557,283

X-28 Net assets with donor restrictionsStart of year $166,212$30,300

X-32 Total net assets or fund balancesStart of year $8,522,083$9,587,583

X-33 Total liabilities and net assetsStart of year $9,347,097$10,108,213

Part XI · Reconciliation of net assets $9,587,583 net assets at year end

XI-1 Total revenue$7,003,398

XI-2 Total expenses$5,937,898

XI-3 Revenue less expenses$1,065,500

XI-4 Net assets at start of year$8,522,083

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$9,587,583

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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