2018-05-04T14:57:51-05:00 2017-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2016-07-01 522168409 LIFT INC LIFT 2022891151 999 NORTH CAPITOL STREET NE NO 310 WASHINGTON DC 20002 ARCELI BACSINILA CHIEF FINANCIAL OFFICER 2022891151 2018-05-04 1 3019519090 2016 2022-09-23 18:48:47Z X KIRSTEN LODAL 999 NORTH CAPITOL STREET NE NO 310 WASHINGTON DC 20002 6232953 0 X WWW.LIFTCOMMUNITIES.ORG X 1999 DC SEE PART III, LINE 1. 17 16 68 99 0 0 6056677 6105122 0 0 -3002 -580 -199716 -114476 5853959 5990066 0 0 0 0 4171957 3976476 0 0 607704 2119389 1610354 6291346 5586830 -437387 403236 4206843 4317793 573485 281186 3633358 4036607 THE MISSION OF LIFT IS TO EMPOWER FAMILIES TO BREAK THE CYCLE OF POVERTY. 0 0 3938447 FOUNDED IN 1998, LIFT HAS HELPED 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 (ADVOCATES), 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. 3938447 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 30 0 1 68 1 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT IL MA MD NY PA VA X ARCELI BACSINILA 2022891151 999 NORTH CAPITOL STREET NE SUITE WASHINGTON DC 20002 KIRSTEN LODAL CHIEF EXEC. OFFICER & CO-FOUNDER 40.00 X X 157547 0 17783 STEVE ROTELLA CHAIR 5.00 X X 0 0 0 JON BUDINGTON DIRECTOR 1.00 X 0 0 0 HEATHER COX DIRECTOR 1.00 X 0 0 0 WILL DARMAN DIRECTOR 3.00 X 0 0 0 LEANDER FOLEY DIRECTOR 1.00 X 0 0 0 MICHAEL GILLIGAN DIRECTOR 1.00 X 0 0 0 BEN HARPER DIRECTOR 1.00 X 0 0 0 TED HOWARD DIRECTOR 1.00 X 0 0 0 SUSAN HIRSCH DIRECTOR 1.00 X 0 0 0 MICHELE JOLIN DIRECTOR 1.00 X 0 0 0 BRIAN KREITER DIRECTOR 1.00 X 0 0 0 MARNE LEVINE DIRECTOR 1.00 X 0 0 0 MARNE OBERNAUER DIRECTOR 1.00 X 0 0 0 DAVID HARRIS DIRECTOR (UNTIL 12/2016) 1.00 X 0 0 0 ELIZABETH RIKER DIRECTOR (UNTIL 12/2016) 1.00 X 0 0 0 DEANNA SINGH DIRECTOR 1.00 X 0 0 0 SHEILA OHLSSON WALKER DIRECTOR 1.00 X 0 0 0 GINA COBURN DIRECTOR (FROM 10/2016) 3.00 X 0 0 0 MARIA PENA PRESIDENT 40.00 X 175883 0 11155 ARCELI BACSINILA CHIEF FINANCIAL OFFICER 40.00 X 125203 0 4672 MOLLY DAY SR. VICE PRES., STRATEGY & GROWTH 40.00 X 125587 0 10823 HILARY STATHES SR. VICE PRESIDENT, TALENT 40.00 X 120220 0 10526 SOPHIA SOHAF VICE PRES., PROGRAM & EVALUATION 40.00 X 127184 0 5310 MICHELLE RHONE-COLLINS EXECUTIVE DIRECTOR - LOS ANGELES 40.00 X 145617 0 7378 SOL ANDERSON EXECUTIVE DIRECTOR - CHICAGO 40.00 X 102244 0 11292 1079485 0 78939 9 0 1 0 NIGHTKAP ENTERTAINMENT LLC 5011 ELMWOOD AVENUE LOS ANGELES CA 90004 EVENT PLANNING 183262 1 240806 154561 5709755 201180 6105122 24 24 87274 87878 -604 -604 -604 23290 240806 155009 -131719 -131719 MISCELLANEOUS 900099 17243 17243 17243 5990066 0 0 -115056 547697 383337 101391 62969 2859199 2000872 531567 326760 48113 36446 7802 3865 256311 178461 44685 33165 265156 184051 50699 30406 8139 5740 1447 952 22700 16008 4035 2657 370129 272732 79937 17460 9010 6378 1570 1062 82826 59308 15436 8082 312174 245237 37246 29691 428362 306879 69400 52083 98976 75800 11794 11382 44776 34370 4778 5628 19356 19356 122602 86456 21793 14353 21603 15242 3811 2550 EDUCATION/TRAINING 26155 19668 3875 2612 PAYROLL PROCESSING 6643 4684 1181 778 DUES AND SUBSCRIPTIONS 5483 3928 873 682 MISCELLANEOUS 5120 2850 1703 567 26300 26300 5586830 3938447 1040679 607704 1593183 1551066 129326 196180 2170282 2367837 1119 200 38531 50382 554137 450519 221692 103618 52710 48510 4206843 4317793 198485 281186 75000 300000 573485 281186 X 771772 1171382 2861586 2865225 3633358 4036607 4206843 4317793 403236 13 0 X 0 1 X 1 0 X 6149353 6555919 6495449 6056677 6105122 31362520 6149353 6555919 6495449 6056677 6105122 31362520 2025716 29336804 592 276 316 10 24 1218 18200 17500 23295 2115 17243 78353 31442091 0.93300 0.96150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5560530 5560530 428027 107007 0 0 462589 540118 464567 428027 1895301 2842952 115647 135030 116142 107007 473826 710739 146421 122727 23694 157667 147901 9766 250049 179891 70158 103618 X 6584612 13 594533 594546 5990066 0 5990066 6181363 594533 594533 5586830 0 5586830 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2017, 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. LIFT ART 264096 240806 23290 19396 28850 40309 66454 264096 240806 23290 19396 28850 40309 66454 155009 -131719 X X 0 0 0 0 0 0 0 1 0 KIRSTEN LODAL CHIEF EXEC. OFFICER & CO-FOUNDER 157547 0 0 0 0 0 8392 0 9391 0 175330 0 0 0 MARIA PENA PRESIDENT 170883 0 5000 0 0 0 6698 0 4457 0 187038 0 0 0 MICHELLE RHONE-COLLINS EXECUTIVE DIRECTOR - LOS ANGELES 145617 0 0 0 0 0 0 0 7378 0 152995 0 0 0 PART I, LINE 7 THE ORGANIZATION PROVIDED BONUS COMPENSATION TO THE FOLLOWING INDIVIDUALS: MARIA PENA - $5,000 MOLLY DAY - $2,450 X 47 123456 FMV X 3 77724 FMV 0 0 0 1 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF DONORS. PART I, LINE 32B: LIFT SELLS ART DONATED FOR ITS ANNUAL LA-ART FUNDRAISER EVENT VIA PADDLE8, AN ONLINE AUCTION COMPANY. 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 JUNE 2017. 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.