2021-04-22T09:29:26-05:00 2020-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2019-07-01 522168409 LIFT INC LIFT 2022891151 999 NORTH CAPITOL STREET NE NO 3 WASHINGTON DC 20002 KEVIN TORUNO SVP, FINANCE AND ADMINSTRATION 2022891151 2021-04-22 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2019 2022-09-23 18:48:47Z MICHELLE RHONE-COLLINS 999 NORTH CAPITOL STREET NE NO 310 WASHINGTON DC 20002 6365903 0 X WWW.LIFTCOMMUNITIES.ORG X 1999 DC THE MISSION OF LIFT IS TO EMPOWER FAMILIES TO BREAK THE CYCLE OF POVERTY. 13 12 69 49 0 0 4373187 6278406 0 0 8023 7320 -202871 -154131 4178339 6131595 162364 1017562 0 0 4559680 4549184 0 14795 895618 1680642 1334617 6402686 6916158 -2224347 -784563 6195731 6403256 988594 1980178 5207137 4423078 THE MISSION OF LIFT IS TO EMPOWER FAMILIES TO BREAK THE CYCLE OF POVERTY. 0 0 4407194 1017562 FOUNDED IN 1998, LIFT HAS HELPED OVER 100,000 LOW-INCOME INDIVIDUALS ACHIEVE THEIR GOALS. TODAY WE CONNECT HARDWORKING PARENTS AND CAREGIVERS OF YOUNG CHILDREN TO THE PEOPLE, TOOLS AND RESOURCES THEY NEED. LIFT OPERATES IN CHICAGO, LA, NY AND WASHINGTON D.C., COMMUNITIES WITH SOME OF THE HIGHEST RATES OF CONCENTRATED POVERTY. BY FOSTERING RELATIONSHIPS BETWEEN LOW-INCOME PARENTS AND CAREGIVERS OF YOUNG CHILDREN (MEMBERS) AND VOLUNTEERS (COACHES), WE HELP FAMILIES BUILD THE PERSONAL WELL-BEING, SOCIAL CONNECTIONS AND FINANCIAL STRENGTH TO SECURE BASIC NEEDS AND ACHIEVE LONG-TERM GOALS AND ASPIRATIONS, SUCH AS A SAFE HOME, LIVING WAGES OR A BETTER EDUCATION. LIFT IS COMMITTED TO DEVELOPING STRONG PARTNERSHIPS WITH A RANGE OF PARTNERS ON NATIONAL ISSUES VITAL TO A BETTER FUTURE FOR CHILDREN AND FAMILIES. 4407194 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 14 0 1 69 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 KEVIN TORUNO 2022891151 999 NORTH CAPITOL STREET NE SUITE WASHINGTON DC 20002 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 HEATHER COX 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 STEVEN ROTELLA 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 MICHELLE RHONE-COLLINS CHIEF EXECUTIVE OFFICER 40.00 X X 219278 0 11371 SOPHIA SAHAF CHIEF PROGRAM OFF. (UNTIL 3/2020) 40.00 X 152586 0 8037 ARCELI BACSINILA CFO (UNTIL 10/2019) 40.00 X 116608 0 13173 GABRIEL SCHECK CHIEF ADVANCEMENT OFF. (FROM 9/2019) 40.00 X 57976 0 3492 KEVIN TORUNO SVP, FIN. & ADMIN. (FROM 10/2019) 40.00 X 46827 0 1603 MOLLY DAY CHIEF STRATEGY OFF. (UNTIL 8/2019) 40.00 X 93616 0 8863 ALLISON OLSON EXECUTIVE DIRECTOR - LA 40.00 X 153005 0 12515 KRISTY ARNOLD EXECUTIVE DIRECTOR - DC 40.00 X 122843 0 13101 SOL ANDERSON EXECUTIVE DIRECTOR - CHI 40.00 X 108986 0 17150 XIOMARA ROMAIN EXECUTIVE DIRECTOR - NY 40.00 X 107806 0 5027 VERONICA MARSHALL SR. DIR., MARKETING & COMMUNICATIONS 40.00 X 107874 0 5972 1287405 0 100304 8 0 1 0 0 145600 6132806 78508 6278406 4660 4660 81801 79141 2660 2660 2660 1036 145600 155167 -154131 -154131 6131595 0 0 -146811 1017562 1017562 720478 281297 201730 237451 3160707 2083816 706055 370836 85681 61626 16101 7954 244659 159234 52524 32901 337659 197973 96860 42826 11704 11704 26358 6646 19712 14795 14795 150 150 127862 34158 83370 10334 23338 620 22699 19 37376 23109 9626 4641 171446 84359 65640 21447 472646 275633 97659 99354 110416 33849 55051 21516 87491 60951 16406 10134 800 202 598 100901 25443 75458 22089 5570 16519 DUES AND SUBSCRIPTIONS 36826 12660 17116 7050 EDUCATION/TRAINING 19460 10480 6054 2926 CREDIT CARD PROC. FEES 16433 8681 6498 1254 HRIS/PAYROLL SERVICES 8843 8843 60478 23325 26973 10180 6916158 4407194 1613346 895618 X 1632789 3653569 463646 349951 3345840 1698460 558 6303 65531 116111 730895 249819 570112 481076 26382 26253 90873 71533 6195731 6403256 291447 555247 774984 697147 649947 988594 1980178 X 1158441 2170697 4048696 2252381 5207137 4423078 6195731 6403256 -784563 504 0 X 0 1 X 1 0 X 6056677 6105122 8983446 4373187 6278406 31796838 6056677 6105122 8983446 4373187 6278406 31796838 7222260 24574578 10 24 2798 7814 4660 15306 2115 17243 19358 31831502 0.77200 0.79640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6916158 6916158 495808 123952 0 0 428027 425152 470134 495808 1819121 2728682 107007 106288 117534 123952 454781 682172 490038 114513 375525 21998 10147 11851 218859 125159 93700 481076 DEFERRED RENT 649947 649947 X 6661332 504 529383 529887 6131445 150 150 6131595 7445391 529383 529383 6916008 150 150 6916158 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2020, 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 1 COMPASS GROUP 2961-A HUNTER MILL RD 808 OAKTON VA 22124 FUNDRAISING STRATEGY SUPPORT 0 300000 35000 265000 300000 35000 265000 CA CT DC IL MA MD NY PA VA NY - HOLIDAY FIESTA 54300 54300 49836 LA - HOLIDAY FIESTA 42500 42500 11052 1 49836 48800 1036 94279 146636 145600 1036 155167 155167 -154131 SCHEDULE G, PART II: PART II REPORTS TWO FUNDRAISING EVENTS SHOWING 100% CONTRIBUTION REVENUE. HISTORICALLY, THESE EVENTS WERE HELD IN-PERSON WITH A GROSS INCOME COMPONENT TO THE GROSS RECEIPTS. HOWEVER, DUE TO THE PANDEMIC, THESE EVENTS WERE HELD VIRTUALLY AND NO BENEFITS WERE PROVIDED TO ATTENDEES. 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). 745 857812 FINANCIAL ASSISTANCE TO NON-MEMBERS DUE TO COVID-19 PANDEMIC 60 159750 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 219278 0 0 0 0 0 0 0 11371 0 230649 0 0 0 SOPHIA SAHAF CHIEF PROGRAM OFF. (UNTIL 3/2020) 148586 0 4000 0 0 0 7472 0 565 0 160623 0 0 0 ALLISON OLSON EXECUTIVE DIRECTOR - LA 153005 0 0 0 0 0 6085 0 6430 0 165520 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUS COMPENSATION DURING THE YEAR: - SOPHIA SAHAF $4,000 - GABRIEL SCHECK $3,654 - KEVIN TORUNO $5,000 - MOLLY DAY $15,000 GLOBAL PRINTING DIRECTOR JON BUDINGTON IS THE OWNER OF GLOBAL PRINTING 7763 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 2 78508 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 2019. 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 X, LINE 24: ON APRIL 15, 2020, LIFT RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $774,984 UNDER THE PAYCHECK PROTECTION PROGRAM. THE PROMISSORY NOTE CALLS FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE WITH A DEFERRAL OF PAYMENTS FOR THE FIRST SIX MONTHS. UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. LIFT INTENDS TO USE THE PROCEEDS FOR PURPOSES CONSISTENT WITH THE PAYCHECK PROTECTION PROGRAM AND BELIEVES THAT ITS USE OF THE LOAN PROCEEDS WILL MEET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. SUBSEQUENT TO YEAR-END, LIFT APPLIED FOR AND RECEIVED COMPLETE FORGIVENESS FOR THE LOAN BY THE SBA AFTER COMPLETING THE 24-WEEK PERIOD.