2023-03-20T09:05:15-05:00 2022-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2021-07-01 522168409 LIFT INC LIFT 2022891151 999 NORTH CAPITOL STREET NE 310 WASHINGTON DC 20002 REBECCA ROSS CHIEF OPER. & FIN. OFFICER 2022891151 2023-03-20 1 REBECCA ROSS 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHELLE RHONE-COLLINS 999 NORTH CAPITOL STREET NE 310 WASHINGTON DC 20002 10589704 0 X WWW.LIFTCOMMUNITIES.ORG X 1999 DC LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. 13 12 66 63 0 0 8509521 10444032 0 0 700 1132 646 43792 8510867 10488956 614217 253427 0 0 4363581 4836216 10500 53264 519917 1427237 1784900 6415535 6927807 2095332 3561149 7495582 11053254 980482 981905 6515100 10071349 X LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. WE BUILD FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE. 0 0 5350771 253427 FOUNDED IN 1998, LIFT IS A NATIONAL NONPROFIT ON A MISSION TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. DECADES OF INEQUITY AND UNDERINVESTMENT IN COMMUNITIES HAVE KEPT LOW-INCOME FAMILIES TRAPPED IN A CYCLE THAT, LIKE WEALTH, IS PASSED DOWN FROM GENERATION TO GENERATION. ALL FAMILIES DESERVE A BETTER FUTURE - NO MATTER THEIR RACE, ETHNICITY, OR ZIP CODE. LIFT BUILDS FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE - AN INVESTMENT OF HOPE, MONEY, AND LOVE. ROOTED IN A RELATIONSHIP FILLED WITH DIGNITY AND TRUST, LIFT'S ONE-ON-ONE COACHING PROGRAM EMPOWERS PARENTS TO SET AND ACHIEVE GOALS - SUCH AS GOING BACK TO SCHOOL, (CONTINUED ON SCHEDULE O) IMPROVING CREDIT, ELIMINATING DEBT, OR SECURING A LIVING WAGE - THAT PUT THEIR FAMILIES ON THE PATH TO ECONOMIC MOBILITY. AS PART OF ITS INVESTMENT IN FAMILIES, IN 2018, LIFT LAUNCHED THE FAMILY GOAL FUND WHICH PROVIDES DIRECT, UNRESTRICTED CASH TO FAMILIES. LIFT REDUCES STRESS AND INCREASES FINANCIAL SLACK BY GIVING CASH DIRECTLY TO PARENTS SO THAT THEY DON'T HAVE TO CHOOSE BETWEEN THEIR EMERGENCY NEEDS AND LONG-TERM GOALS. AS PARENTS PERSIST THROUGH LIFT'S TWO-YEAR PROGRAM, THEY RECEIVE A TOTAL OF $1,200, DISTRIBUTED IN THREE-MONTH INTERVALS TO STAY ON TRACK TO REACH THEIR GOALS. LIFT BELIEVES THAT PARENTS KNOW THEIR FAMILIES' NEEDS BETTER THAN ANY PROGRAM COULD, AND THEIR EVIDENCE SHOWS THAT PARENTS USE THESE FUNDS TO REINVEST IN THEMSELVES, THEIR FAMILIES, AND THEIR GOALS. LIFT'S MODEL AIMS TO MITIGATE AND ULTIMATELY CHANGE THE ACTIONS OF SYSTEMS THAT CREATE BARRIERS TO SUCCESS BY ADVOCATING FOR POLICY THAT CENTERS THE VOICES OF LOW-INCOME FAMILIES. OUR SYSTEMS CHANGE GOALS STEM FROM THE HUMANITY THAT UNDERPINS OUR DIRECT SERVICE MODEL AS THE ACTION TANK FROM WHERE WE SHARE OUR LEARNING, INSIGHTS, BEST PRACTICE, AND RESPONSIVE INNOVATION LIKE GIVING CASH. LIFT USES IMPACT DATA ALONGSIDE PARENT VOICE AND EXPERIENCE TO MITIGATE, AND ULTIMATELY CHANGE, THE ACTIONS OF SYSTEMS AND POLICIES THAT DRAIN HOPE, HARM COMMUNITIES, AND LIMIT ACCESS AND SUCCESS. AT FEDERAL, STATE, AND CITY LEVELS, OUR GOALS INCLUDE CHANGING PRACTICE, SYSTEMS, AND POLICY THAT BUILD FINANCIAL AND SOCIAL CAPITAL FOR FAMILIES AND TO DECREASE THE BANDWIDTH TAX ON PARENT'S TIME, ATTENTION, AND COGNITION CAUSED BY COMPLEX SYSTEMS. LIFT'S NEW STRATEGIC PLAN BUILDS ON OUR DIRECT SERVICE TO ACHIEVE POPULATION-LEVEL IMPACT THROUGH 1) STRATEGIC PARTNERSHIPS THAT DEMONSTRATE EFFECTIVE PUBLIC SECTOR STRATEGIES TO SUPPORT PARENT'S ECONOMIC MOBILITY, AND 2) ADVOCACY WORK TO SHIFT NARRATIVES, EDUCATE POLICYMAKERS, AND PROMOTE POLICIES THAT REDUCE POVERTY. LIFT HAS SERVICE SITES IN CHICAGO, LOS ANGELES, NEW YORK CITY, AND WASHINGTON D.C., AND PARTNERS WITH HEALTH SYSTEMS, COLLEGES, AND LOCAL AND NATIONAL GOVERNMENTS TO ADOPT ITS APPROACH ACROSS THE COUNTRY. LEARN MORE AT WHYWELIFT.ORG. 5350771 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 21 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL MA MD NY PA VA X REBECCA ROSS 2022891151 999 NORTH CAPITOL STREET NE SUITE WASHINGTON DC 20002 MICHELLE RHONE-COLLINS CHIEF EXECUTIVE OFFICER 40.00 X X 240896 0 24677 GINA DEL CARMEN COBURN CHAIR 1.00 X X 0 0 0 WILL DARMAN TREASURER 1.00 X X 0 0 0 JON BUDINGTON DIRECTOR 1.00 X 0 0 0 DANNIELLE CAMPOS DIRECTOR 1.00 X 0 0 0 EMILIO DIEZ BARROSO DIRECTOR 1.00 X 0 0 0 ARLENE FORD DIRECTOR 1.00 X 0 0 0 SUSAN HIRSCH DIRECTOR 1.00 X 0 0 0 AMY LENANDEER DIRECTOR 1.00 X 0 0 0 DELE OLADAPO DIRECTOR 1.00 X 0 0 0 ELLEN PINSCHMIDT DIRECTOR 1.00 X 0 0 0 DEANNA SINGH DIRECTOR 1.00 X 0 0 0 BRENT KESSEL DIRECTOR 1.00 X 0 0 0 GABRIEL SCHECK CHIEF ADVANCEMENT & CITIES OFFICER 40.00 X 191983 0 30070 KEVIN TORUNO SVP, FIN. & ADMIN. (UNTIL 10/2021) 40.00 X 138524 0 14912 HELAH ROBINSON CHIEF PROGRAM OFFICER 40.00 X 127805 0 9258 REBECCA ROSS CHIEF OPS. FIN. OFF. (FROM 4/2022) 40.00 X 0 0 0 XIOMARA ROMAIN EXEC. DIR. - NY&VP, ORG. IMPACT 40.00 X 180515 0 16549 ALLISON OLSON EXECUTIVE DIRECTOR - LA 40.00 X 165824 0 19892 KRISTY ARNOLD EXEC. DIRECTOR - DC (UNTIL 5/2022) 40.00 X 141234 0 18734 SARAH SPUNT EXECUTIVE DIRECTOR - CHI 40.00 X 114980 0 17415 1301761 0 151507 8 0 1 0 USIO INC 3611 PAESANOS PKWY SUITE 300 SAN ANTONIO TX 78231 PREPAID CARD MKTG & PROCESS. & PMT DISTR 181351 CREATIVE FINANCIAL STAFFING ONE INTERNTL PLACE 16TH FL BOSTON MA 02110 TEMPORARY STAFFING SERVICES 104418 2 32500 27109 97000 10287423 188205 10444032 523 523 100699 100090 609 609 609 44450 27109 658 43792 43792 10488956 0 0 44924 X 253427 253427 800728 548275 117158 135295 3316654 2532367 570284 214003 88481 66967 17290 4224 292776 225036 49647 18093 337577 253083 56608 27886 14701 14701 5880 5880 53264 53264 150 150 786230 698685 87545 10611 7955 1779 877 54396 45747 5794 2855 181367 135971 30414 14982 360002 269741 60540 29721 45058 33780 7556 3722 47389 38834 6172 2383 63500 47606 10649 5245 33155 24856 5560 2739 IN-KIND GOODS 110305 110305 PAYROLL SERVICES 27487 20608 4608 2271 DUES AND SUBSCRIPTIONS 16805 12599 2818 1388 TRAINING & DEVELOPMENT 16135 16135 11729 8794 1966 969 6927807 5350771 1057119 519917 3073019 5029345 1760144 1861215 2083910 3573907 1759 81543 87950 132433 730895 403514 390881 327381 27090 70829 47430 7495582 11053254 380444 437987 600038 543918 980482 981905 X 4216665 5832138 2298435 4239211 6515100 10071349 7495582 11053254 3561149 -4900 0 X 0 1 X 1 0 X 8983446 4373187 6278406 8509521 10444032 38588592 8983446 4373187 6278406 8509521 10444032 38588592 7378542 31210050 2798 7814 4660 175 523 15970 43792 43792 646 646 38649000 0.80750 0.77900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6927807 6927807 496390 124098 0 0 470134 495808 470777 496390 1933109 2899664 117534 123952 117694 124098 483278 724917 490038 202631 287407 21998 21565 433 218859 179318 39541 327381 DEFERRED RENT 543918 543918 X 11505767 -4900 1021861 1016961 10488806 150 150 10488956 7949518 1021861 1021861 6927657 150 150 6927807 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2022, LIFT HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X X X X 1 CHANGEIMPACT PO BOX 294 EAST ROCKAWAY NY 11518 GRANT WRITING 0 3750000 81150 3668850 YEVGENIYA BULAYEVSKAYA 1717 EAST 18TH STREET 4H BROOKLYN NY 11229 INDIVIDUAL GIVING CONSULTING 0 2911574 80000 2831574 6661574 161150 6500424 CA CT DC IL MD MA NY PA VA CASINO NIGHT 71559 27109 44450 658 71559 27109 44450 658 658 43792 1 FUNDS TO SUPPORT ACHIEVEMENT OF CAREER AND FINANCIAL GOALS AND MEMBER VOICE COMPENSATION. THESE GOALS ARE FOCUSED ON PURSUING ADDITIONAL EDUCATION, SECURING BETTER OR MORE EMPLOYMENT, AND IMPROVING FINANCES. MEMBERS ARE PROVIDED COMPENSATION FOR PARTICIPATION IN RESEARCH PROJECTS, ADVOCACY CAMPAIGNS, AND MEDIA APPEARANCES, TYPICALLY BY PARTICIPATING IN A PUBLIC SPEAKING OPPORTUNITY, PROVIDING AN INTERVIEW, PARTICIPATING IN AFOCUS GROUP, OR COMPLETING A SURVEY. 677 253427 PART I, LINE 2: MONITORING: FINANCIAL ASSISTANCE IS PROVIDED UPON SUCCESSFUL COMPLETION OF CERTAIN MILESTONES OF THE COACHING PROGRAM (I.E. CONDUCTING REQUIRED NUMBER OF MEETINGS OVER A TIME PERIOD). PROGRAM MANAGERS WILL SUBMIT A DISBURSEMENT REQUEST WHERE IT IS THEN VERIFIED AND APPROVED. A TYPICAL DISBURSEMENT IS $150 PER QUARTER. ASSISTANCE IS PROVIDED IN THE FORM OF A CHECK OR DEPOSITS TO A DEBIT CARD. X X 0 0 0 0 0 0 0 1 0 MICHELLE RHONE-COLLINS CHIEF EXECUTIVE OFFICER 240896 0 0 0 0 0 9806 0 14871 0 265573 0 0 0 GABRIEL SCHECK CHIEF ADVANCEMENT & CITIES OFFICER 191983 0 0 0 0 0 13026 0 17044 0 222053 0 0 0 XIOMARA ROMAIN EXEC. DIR. - NY&VP, ORG. IMPACT 170515 0 10000 0 0 0 7341 0 9208 0 197064 0 0 0 ALLISON OLSON EXECUTIVE DIRECTOR - LA 165824 0 0 0 0 0 12103 0 7789 0 185716 0 0 0 KRISTY ARNOLD EXEC. DIRECTOR - DC (UNTIL 5/2022) 138234 0 3000 0 0 0 10266 0 8468 0 159968 0 0 0 KEVIN TORUNO SVP, FIN. & ADMIN. (UNTIL 10/2021) 138524 0 0 0 0 0 8304 0 6608 0 153436 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUS COMPENSATION DURING THE YEAR: - XIOMARA ROMAIN $10,000 - KRISTY ARNOLD $3,000 GLOBAL PRINTING DIRECTOR JON BUDINGTON IS THE OWNER OF GLOBAL PRINTING 7407 LIFT PAID GLOBAL PRINTING FOR PRINTING, POSTAGE AND WEBSITE DEVELOPMENT SERVICES DURING THE FISCAL YEAR. THE AMOUNT PAID WAS AT OR BELOW FAIR MARKET VALUE. 0 X 4 77900 FMV X SUPPLIES 6 66170 FMV X FOOD 13 26935 FMV X GIFT CARDS 1 17200 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. THE AUDIT & FINANCE COMMITTEE WAS THEN PROVIDED A DRAFT OF FORM 990 FOR APPROVAL. FINALLY, THE ENTIRE BOARD WAS PROVIDED WITH THE DRAFT 990 BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C LIFT DIRECTORS, OFFICERS, AND EMPLOYEES COMPLETE AN ANNUAL CONFLICT OF INTEREST POLICY STATEMENT. IN CONNECTION WITH ANY INTEREST, AN INTERESTED PERSON HAS AN ONGOING DUTY TO DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND/OR MEMBERS OF COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON DISCLOSES TO THE CHAIR ALL FACTS MATERIAL TO THE INTEREST. THE BOARD OR COMMITTEE MEMBERS OTHER THAN THE INTERESTED PERSON DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THEN THE FOLLOWING PROCEDURES ARE OBSERVED: THE CHAIR OF THE GOVERNING BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES WHETHER LIFT CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE'S DELIBERATIONS INCLUDES AN ANALYSIS OF COMPARABLE TRANSACTIONS OR ARRANGEMENTS. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY AVAILABLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN LIFT'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS REASONABLY AVAILABLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE WILL NOT AUTHORIZE THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD, LED BY THE CHAIR, CONDUCTS A PERFORMANCE REVIEW WITH THE CEO. THE CHAIR USES THE REVIEW, AN ASSESSMENT OF MARKET-RATE COMPENSATION FOR NON-PROFITS FROM PROFESSIONAL SURVEYS, AND THE CEO'S SALARY HISTORY TO PROPOSE A SALARY TO THE BOARD EXECUTIVE COMMITTEE, WHICH IT THEN DISCUSSES BEFORE APPROVING AN AMOUNT. THE CEO AND THE BOARD PERFORM A SIMILAR PROCESS FOR THE MANAGEMENT TEAM. ALL SALARIES ARE APPROVED BY THE BOARD AS PART OF THE BUDGET APPROVAL PROCESS. THE LAST SALARY REVIEW TOOK PLACE IN JULY 2022. FORM 990, PART VI, SECTION C, LINE 19 LIFT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 483,404. MANAGEMENT AND GENERAL EXPENSES 87,545. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 570,949. MEMBER SERVICES - CONSULTING: PROGRAM SERVICE EXPENSES 215,281. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,281.