2022-05-16T09:22:50-05:00 2021-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-07-01 522168409 LIFT INC LIFT 2022891151 999 NORTH CAPITOL STREET NE NO 3 WASHINGTON DC 20002 REBECCA ROSS CFOO 2022891151 2022-05-16 1 REBECCA ROSS 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHELLE RHONE-COLLINS 999 NORTH CAPITOL STREET NE NO 310 WASHINGTON DC 20002 8621754 0 X WWW.LIFTCOMMUNITIES.ORG X 1999 DC LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. 12 11 66 63 0 0 6278406 8509521 0 0 7320 700 -154131 646 6131595 8510867 1017562 614217 0 0 4549184 4363581 14795 10500 495516 1334617 1427237 6916158 6415535 -784563 2095332 6403256 7495582 1980178 980482 4423078 6515100 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 4691497 614217 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 $1,200 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 4691497 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 X 12 11 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 ARLENE FORD DIRECTOR 1.00 X 0 0 0 SUSAN HIRSCH DIRECTOR 1.00 X 0 0 0 MARNE OBERNAUER DIRECTOR 1.00 X 0 0 0 DELE OLADAPO DIRECTOR 1.00 X 0 0 0 DANNIELLE CAMPOS DIRECTOR 5.00 X 0 0 0 DEANNA SINGH DIRECTOR 1.00 X 0 0 0 ELLEN PINSCHMIDT DIRECTOR 1.00 X 0 0 0 EMILIO DIEZ BARROSO DIRECTOR 1.00 X 0 0 0 GABRIEL SCHECK CHIEF ADVANCEMENT OFFICER 40.00 X 191983 0 30070 KEVIN TORUNO SVP, FINANCE & ADMINISTRATION 40.00 X 138524 0 14912 HELAH ROBINSON SVP, PROGRAM AND STRATEGY 40.00 X 127805 0 9258 XIOMARA ROMAIN EXECUTIVE DIRECTOR - NY 40.00 X 180515 0 16549 ALLISON OLSON EXECUTIVE DIRECTOR - LA 40.00 X 165824 0 19892 KRISTY ARNOLD EXECUTIVE DIRECTOR - DC 40.00 X 141234 0 18734 SARAH SPUNT EXECUTIVE DIRECTOR - CHI 40.00 X 114980 0 17415 1301761 0 151507 8 0 1 0 WELLSPRING CONSULTANTS LLC 198 AMITY ROAD 2ND FLOOR WOODBRIDGE CT 06525 STRATEGIC PLANNING CONS. 112867 1 157223 774984 7577314 214639 8509521 175 175 111412 110887 525 525 525 MISCELLANEOUS 900099 646 646 646 8510867 0 0 1346 614217 614217 751198 474076 156151 120971 2927034 2228502 498141 200391 70365 56417 8399 5549 321856 242257 56523 23076 293128 210720 61804 20604 1967 1967 30449 3184 26937 328 10500 10500 392583 227148 102322 63113 5295 5295 24335 9544 12602 2189 177989 119719 45333 12937 419291 289444 117851 11996 371 346 15 10 14469 13344 421 704 90195 9433 79791 971 25226 3134 21806 286 IN-KIND GOODS 100849 100825 6 18 DUES AND SUBSCRIPTIONS 92637 40238 38981 13418 EDUCATION/TRAINING 7908 6173 1021 714 TRAINING & DEVELOPMENT 3508 3508 40165 39268 -6844 7741 6415535 4691497 1228522 495516 3653569 3073019 349951 1760144 1698460 2083910 6303 1759 116111 87950 730895 340014 481076 390881 26253 27090 71533 70829 6403256 7495582 555247 380444 774984 0 649947 600038 1980178 980482 X 2170697 4216665 2252381 2298435 4423078 6515100 6403256 7495582 2095332 -3310 0 X 0 1 X 1 0 X 6105122 8983446 4373187 6278406 8509521 34249682 6105122 8983446 4373187 6278406 8509521 34249682 7543673 26706009 24 2798 7814 4660 175 15471 17243 646 17889 34283042 0.77900 0.77200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6415535 6415535 470777 117694 0 0 425152 470134 495808 470777 1861871 2792807 106288 117534 123952 117694 465468 698202 490038 159927 330111 21998 17480 4518 218859 162607 56252 390881 DEFERRED RENT 600038 600038 X 9147598 -3310 640041 636731 8510867 0 8510867 7055576 640041 640041 6415535 0 6415535 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2021, 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. 1 FUNDS TO SUPPORT ACHIEVEMENT OF CAREER AND FINANCIAL GOALS. THESE GOALS ARE FOCUSED ON PURSUING ADDITIONAL EDUCATION, SECURING BETTER OR MORE EMPLOYMENT, AND IMPROVING FINANCES (E.G. REDUCING DEBT, CREATING SAVINGS, IMPROVING CREDIT SCORE). 678 601413 FINANCIAL ASSISTANCE TO NON-MEMBERS DUE TO COVID-19 PANDEMIC 26 12804 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 OFFICER 191983 0 0 0 0 0 13026 0 17044 0 222053 0 0 0 XIOMARA ROMAIN EXECUTIVE DIRECTOR - NY 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 EXECUTIVE DIRECTOR - DC 138234 0 3000 0 0 0 10266 0 8468 0 159968 0 0 0 KEVIN TORUNO SVP, FINANCE & ADMINISTRATION 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 36352 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 7 113790 FMV X SUPPLIES 1 52849 FMV X GIFT CARDS 4 48000 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 2021. 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.