2016-05-16T13:42:55-05:00 2015-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2014-07-01 522168409 LIFT INC LIFT 2022891151 1620 I STREET NW NO 820 WASHINGTON DC 20006 MARIA PENA PRESIDENT 2022891151 2016-05-16 1 3019519090 2014 2016-08-17 19:52:53Z KIRSTEN LODAL 1620 I STREET NW NO 820 WASHINGTON DC 20006 6849343 0 X WWW.LIFTCOMMUNITIES.ORG X 1999 DC SEE PART III, LINE 1. 18 17 135 478 0 0 7501919 6622820 0 0 -2430 -3947 -255210 -275163 7244279 6343710 0 5685 0 0 4395135 5508980 25976 0 473583 1830678 2287690 6251789 7802355 992490 -1458645 7073941 4738441 531576 514721 6542365 4223720 X THE MISSION OF LIFT IS TO HELP COMMUNITY MEMBERS ACHIEVE ECONOMIC STABILITY AND WELL-BEING. LIFT IS WORKING TO ESTABLISH A NEW STANDARD FOR HOLISTIC AND ENDURING SOLUTIONS IN OUR COUNTRY'S FIGHT AGAINST POVERTY. (CONTINUED ON SCHEDULE O) 0 0 6242495 5685 SINCE LIFT BEGAN IN 1998, WE'VE WORKED WITH OVER 100,000 FAMILIES WHO HAVE COMMITTED TO LIFTING THEMSELVES OUT OF POVERTY. WE MEASURE OUR SUCCESS BY LOOKING AT TRADITIONAL METRICS ASSOCIATED WITH FIGHTING POVERTY, SUCH AS JOBS GOTTEN, WAGES INCREASED, HOUSING SECURED, OR BENEFITS OBTAINED. (CONTINUED ON SCHEDULE O)BUT WE ALSO BELIEVE THAT THOSE TRADITIONAL METRICS AREN'T ENOUGH. OUR SUCCESS ISN'T COMPLETE UNTIL OUR MEMBERS HAVE THE SKILLS AND CONFIDENCE TO NAVIGATE TOUGH TIMES IN THE FUTURE, AND FEEL A SENSE OF WELL-BEING AND SECURITY. THOSE RESULTS CAN BE HARD TO MEASURE. BUT WE BELIEVE IT'S IMPORTANT TO MEASURE PROGRESS ON ALL THE KEY FOUNDATIONS-PERSONAL, SOCIAL AND FINANCIAL-THAT OUR MEMBERS NEED TO LIFT THEMSELVES OUT OF POVERTY FOR GOOD.WE ARE CURRENTLY INVESTING IN AN INNOVATIVE EVALUATION METHOD THAT TRACKS THESE HARD-TO-QUANTIFY OUTCOMES LIKE CONFIDENCE AND WELL-BEING BY BRINGING OUR MEMBERS' VOICES TO THE FOREFRONT. WE ARE OPTIMISTIC ABOUT WHAT WE WILL LEARN AND BELIEVE THAT WE HAVE THE POTENTIAL TO BECOME A LEADER IN DEFINING HOW IMPACT IS MEASURED IN THE POVERTY ALLEVIATION FIELD.LIFT'S IMMEDIATE GOAL IS TO HELP PEOPLE LIFT THEMSELVES OUT OF POVERTY FOR GOOD, BUT OUR APPROACH CREATES POSITIVE OUTCOMES FOR NEIGHBORHOODS, CITIES AND - ULTIMATELY - THE NATION. BY WORKING WITH OUR MEMBERS TO BUILD A SUPPORT NETWORK, CONFIDENCE IN WHAT THEY BRING TO THE TABLE AND THE SKILLS TO MANAGE TOUGH TIMES IN THE FUTURE, WE ARE HELPING PEOPLE BECOME RESPONSIBLE COMMUNITY MEMBERS WHO CONTRIBUTE TO MAKING THEIR NEIGHBORHOODS STRONGER AND SAFER. BY WORKING WITH COMMUNITY PARTNERS AND GOVERNMENT SERVICE-PROVIDERS, WE CAN REDUCE THE BURDEN ON SOCIAL SERVICE SYSTEMS-MAKING THEM MORE EFFECTIVE AND EFFICIENT. AND BY SHARING OUR APPROACH AND OUTCOMES WITH OTHERS DEDICATED TO FIGHTING POVERTY, WE CAN INSPIRE CHANGE ON A NATIONAL LEVEL. 6242495 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 11 0 1 135 1 0 0 0 0 0 1 1 0 0 0 0 X 18 17 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 MARIA PENA 2022891151 1620 I STREET NW SUITE 820 WASHINGTON DC 20006 KIRSTEN LODAL CHIEF EXECUTIVE OFFICER 40.00 X X 162123 0 16709 STEPHEN J ROTELLA CHAIR 10.00 X X 0 0 0 LEANDER FOLEY TREASURER 5.00 X X 0 0 0 JON BUDINGTON DIRECTOR 5.00 X 0 0 0 HEATHER COX DIRECTOR 5.00 X 0 0 0 JOHN RICE DIRECTOR (UNTIL 2/15) 5.00 X 0 0 0 WILL DARMAN DIRECTOR (FROM 2/15) 5.00 X 0 0 0 BEN HARPER DIRECTOR 5.00 X 0 0 0 DAVID HARRIS DIRECTOR 5.00 X 0 0 0 SUSAN HIRSCH DIRECTOR 5.00 X 0 0 0 TED HOWARD DIRECTOR 5.00 X 0 0 0 MICHELE JOLIN DIRECTOR 5.00 X 0 0 0 BRIAN J KREITER DIRECTOR 5.00 X 0 0 0 MARNE LEVINE DIRECTOR 5.00 X 0 0 0 MARNE OBERNAUER JR DIRECTOR 5.00 X 0 0 0 ELIZABETH RIKER DIRECTOR 5.00 X 0 0 0 DEANNA SINGH DIRECTOR 5.00 X 0 0 0 SHEILA OHISSON WALKER DIRECTOR 5.00 X 0 0 0 MICHAEL GILLIGAN DIRECTOR 5.00 X 0 0 0 MARIA PENA PRESIDENT 40.00 X 154779 0 6703 TONY BRUNSWICK CHIEF OPERATING OFFICER 40.00 X 148841 0 11939 RICHARD GARDNER CHIEF DEV/MKTG OFFICER (UNTIL 7/14) 40.00 X 81014 0 10577 ALAN GOLDING CHIEF FINANCIAL OFFICER (UNTIL 3/15) 40.00 X 168284 0 1401 MICHELLE RHONE LA EXECUTIVE DIRECTOR 40.00 X 127548 0 6520 CINDY MENZ-ERB NY EXECUTIVE DIRECTOR 40.00 X 145039 0 15828 MOLLY DAY CHIEF OF STAFF 40.00 X 103431 0 10090 DAVID HARVEY DC EXECUTIVE DIRECTOR 40.00 X 133090 0 12106 HILARY STATHES SVP TALENT 40.00 X 100316 0 11549 1324465 0 103422 11 0 1 0 GLOBAL PRINTING 3670 WHEELER AVE ALEXANDRIA VA 22304 PRINTING, POSTING & WEB DEVELOPMENT 107043 1 1179016 465674 4978130 102963 6622820 316 316 61893 63031 3125 -1138 -3125 -4263 -4263 141019 1179016 439477 -298458 -298458 MISCELLANEOUS 900099 23295 23295 23295 6343710 0 0 -279110 5685 5685 668859 555138 78708 35013 4066622 3375196 478551 212875 68644 56973 8078 3593 337839 280398 39756 17685 367016 304614 43190 19212 16193 16193 128495 128495 311780 219918 46333 45529 24606 14571 9612 423 156427 120336 16020 20071 578035 489375 42198 46462 498435 470579 21267 6589 211469 112701 67976 30792 24873 7423 5792 11658 4866 4866 136254 106471 24283 5500 28777 5068 23409 300 EDUCATION/TRAINING 100008 85291 9382 5335 MISCELLANEOUS 63587 30229 21066 12292 DUES & SUBSCRIPTIONS 2351 1785 566 MOVING EXPENSES 1021 495 357 169 513 249 179 85 7802355 6242495 1086277 473583 936059 1263617 106790 46220 4540141 2878751 2513 1167 987852 78477 736085 352170 460833 383915 5119 34634 86294 7073941 4738441 281576 176721 250000 150000 188000 531576 514721 X 1626114 1372016 4916251 2851704 6542365 4223720 7073941 4738441 X -1458645 -860000 X 0 1 X 1 0 X 3176395 5808220 6149353 6581919 6622449 28338336 3176395 5808220 6149353 6581919 6622449 28338336 1358489 26979847 997 725 592 276 316 2906 870 463 18200 17500 23295 60328 28401570 0.94990 0.94250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 7802355 7802355 540118 135030 0 0 307530 373157 462589 540118 1683394 2525091 76883 93289 115647 135030 420849 631274 146421 72769 73652 181288 99855 81433 408376 179546 228830 383915 X 7896671 1552961 1552961 6343710 0 6343710 9355316 1552961 1552961 7802355 0 7802355 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2015, 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. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT IS FILED. X X X X X 1 MAVERICK EVENTS 636 BROADWAY SUITE 1107 NEW YORK NY 10012 FUNDRAISING EVENT PLANNING/COORDINATION 0 525138 30750 494388 NIGHTKAP ENTERTAINMENT 5011 ELMWOOD AVENUE LOS ANGELES CA 90004 FUNDRAISING EVENT PLANNING/COORDINATION 0 214995 84132 130863 740133 114882 625251 CA CT IL MA MD NY PA VA NY EVENT 525138 471513 53625 63848 26374 13650 41083 LA EVENT 214995 214995 14772 1587 450 102127 4 579902 492508 87394 6349 15475 12850 140912 1320035 1179016 141019 84969 43436 26950 284122 439477 -298458 X X 0 0 0 0 0 0 0 0 0 KIRSTEN LODAL CHIEF EXECUTIVE OFFICER 162123 0 0 0 0 0 8514 0 8195 0 178832 0 0 0 MARIA PENA PRESIDENT 154779 0 0 0 0 0 6703 0 0 0 161482 0 0 0 TONY BRUNSWICK CHIEF OPERATING OFFICER 148841 0 0 0 0 0 5919 0 6020 0 160780 0 0 0 ALAN GOLDING CHIEF FINANCIAL OFFICER (UNTIL 3/15) 168284 0 0 0 0 0 1401 0 0 0 169685 0 0 0 CINDY MENZ-ERB NY EXECUTIVE DIRECTOR 145039 0 0 0 0 0 7530 0 8298 0 160867 0 0 0 GLOBAL PRINTING DIRECTOR JON BUDINGTON IS THE OWNER OF GLOBAL PRINTING 107043 LIFT PAID GLOBAL PRINTING FOR PRINTING, POSTAGE AND WEBSITE DEVELOPMENT SERVICES DURING THE YEAR. THE AMOUNT PAID WAS AT OR BELOW FAIR MARKET VALUE. 0 X 4 68028 FMV X EVENT SUPPLIES 18 28346 FMV X ACOUSTIC TILES 1 6589 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF DONORS. FORM 990, PART I, LINE 1 LIFT WORKS TO LIFT PEOPLE OUT OF POVERTY FOR GOOD. WE TAKE A PEOPLE-POWERED APPROACH TO FIGHTING POVERTY. IN RESOURCE CENTERS ACROSS BOSTON, CHICAGO, LOS ANGELES, NEW YORK CITY, PHILADELPHIA, AND WASHINGTON, DC, LIFT MEMBERS WORK WITH TRAINED VOLUNTEER ADVOCATES AND ADVISORS TO BUILD THE STRONG PERSONAL, SOCIAL AND FINANCIAL FOUNDATIONS THEY NEED TO GET AHEAD. MEMBERS WORK WITH LIFT TO FIND A JOB, SAFE HOUSING, A QUALITY EDUCATION FOR THEMSELVES OR THEIR CHILDREN, OR OTHER DEFINED GOALS TO ACHIEVE STABILITY. BY SETTING THEIR OWN GOALS AND WORKING HARD TO ACHIEVE THEM, OUR MEMBERS ALSO BUILD A SUPPORT NETWORK, CONFIDENCE IN WHAT THEY BRING TO THE TABLE, AND THE SKILLS TO MANAGE TOUGH TIMES IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 11 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, GIVES THE CEO A PERFORMANCE REVIEW. 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 PROVIDED IN DETAIL FOR FULL-TIME EMPLOYEES (15 TOTAL) TO THE BOARD AS A PART OF THE BUDGET APPROVAL PROCESS. THE COO GOES THROUGH A SIMILAR PROCESS TO THE CEO FOR SALARY INCREASES, EXCEPT THAT THE CEO PROPOSES THE COO'S SALARY TO THE BOARD. THE LAST SALARY REVIEW TOOK PLACE IN JUNE 2015. 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 XI, LINE 9: FORFEITURE OF RESTRICTED GRANT -860,000.