Civic Intelligence

Life Resource Center Inc

EIN 20-8502852 • 501(c)3 • Inman, SC

Profile

Our after school programs have a variety of goals: providing a safe haven for children during after school and summer hours; offering enriching experiences to complement the school day; and improving the academic performance of low-achieving students.

12 Elmhurst StreetInman, SC 29349
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-30%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-11%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$17,118

Down $7,227 (-30%) from 2014

Liabilities

Down

$306

Down $52,703 (-99%) from 2014

Net Assets

Up

$16,812

Up $45,476 (+159%) from 2014

Revenue

Down

$162,565

Down $19,780 (-11%) from 2014

Expenses

Down

$117,089

Down $54,469 (-32%) from 2014

Net Income

Up

$45,476

Up $34,689 (+322%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2011: $21,646Liabilities 2011: $5,373Net Assets 2011: $16,2732011Assets 2012: $27,193Liabilities 2012: $71,137Net Assets 2012: -$43,9442012Assets 2013: $31,198Liabilities 2013: $72,579Net Assets 2013: -$41,3812013Assets 2014: $24,345Liabilities 2014: $53,009Net Assets 2014: -$28,6642014Assets 2015: $17,118Liabilities 2015: $306Net Assets 2015: $16,8122015

Highlighted filing

2015

Assets$17,118
Liabilities$306
Net Assets$16,812

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $188,216Expenses 2011: $179,628Net Income 2011: $8,5882011Revenue 2012: $129,366Expenses 2012: $187,587Net Income 2012: -$58,2212012Revenue 2013: $197,712Expenses 2013: $198,956Net Income 2013: -$1,2442013Revenue 2014: $182,345Expenses 2014: $171,558Net Income 2014: $10,7872014Revenue 2015: $162,565Expenses 2015: $117,089Net Income 2015: $45,4762015

Highlighted filing

2015

Revenue$162,565
Expenses$117,089
Net Income$45,476

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 7, 2016
Return Version
2015v2.1
Gross Receipts
$162,565
Mission and Program Overview

Mission

Our after school programs have a variety of goals: providing a safe haven for children during after school and summer hours; offering enriching experiences to complement the school day; and improving the academic performance of low-achieving students.

Formed exclusively as a charitable and educational organization as a youth life skills development center to provide before/after school and summer programs to combat juvenile delinquency; provide youth financial literacy and entrepreneurial training to be better able to obtain employment; care, counseling and housing for individuals experiencing personal tragedy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,436$17,118▼ $3,318
Cash and Non-Interest-Bearing Accounts$3,909--
Total Assets$24,345$17,118▼ $7,227
Liabilities
Unsecured Notes Loans Payable$50,492--
Accounts Payable and Accrued Expenses$2,517--
Other Liabilities-$306-
Total Liabilities$53,009$306▼ $52,703
Net Assets / Fund Balance
Unrestricted Net Assets$-28,664$16,812▲ $45,476
Total Net Assets Fund Balance$-28,664$16,812▲ $45,476
Total Liabilities and Net Assets / Fund Balance$24,345$17,118▼ $7,227

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,840$22,847$30,687
Leasehold Improvements$9,278$4,485$13,763
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah BurneyDirectorPT$19,275$19,275
Lawyer WatsonPresidentPT$8,832$8,832
Sandra WatsonSecretary/trPT$1,324$1,324

Board Members and Trustees

NameTitle
Tim SheltonDirector
Willie HinesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$160,647
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,918
All Other Contributions
$12,740
Change in Net Assets
$45,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,232
Other Expenses$53,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$28,107$1,324-$29,431
Other Salaries and Wages$28,395--$28,395
Occupancy$13,959--$13,959
Payroll Taxes$5,406--$5,406
All Other Expenses$5,337--$5,337
Insurance$3,548--$3,548
Depreciation Depletion$3,316--$3,316
Interest$2,655--$2,655
Other Expenses$2,440$3,084-$2,440
Fees for Services Other$2,108--$2,108
Fees for Services Accounting-$1,934-$1,934
Total Functional Expenses$110,747$6,342$0$117,089
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bank Overdraft$306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Lawyer watson sandra watson president sec/treas marriage

Form 990, Page 6, Part VI, Line 11B

The president and secretary/treasurer review form 990 and all supporting schedules before they are filed.

Form 990, Page 6, Part VI, Line 12C

The purpose of the conflict of interest policy is to protect this tax exempt organization's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose the material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction. Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy and understands the organization is charitable and must engage in activities which accomplish its tax-exemt purpose.

Form 990, Page 6, Part VI, Line 19

Documents will be provided upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Life Resource Center Inc
EIN
20-8502852
Phone
8645953646
Address
12 ELMHURST STREET, INMAN, SC 29349

Signing Officer

Name
Lawyer Watson
Title
President
Phone
8645853646
Signed
2016-07-07

Organization Details

Principal Officer
Lawyer Watson
Formed
2007
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
22
Volunteers
9

Preparer

Firm
Norman Johnson & Co Pa
Address
191 N DANIEL MORGAN AVENUE, SPARTANBURG, SC 29306
Preparer
Gary J Johnson CPA
Phone
8645738623
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our after school programs have a variety of goals: providing a safe haven for children during after school and summer hours; offering enriching experiences to complement the school day; and improving the academic performance of low-achieving students.

Form 990, Page 1, Part I, Line 6

Volunteers gave time to give presentations or tours to students.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR AFTER SCHOOL PROGRAMS HAVE A VARIETY OF GOALS: PROVIDING A SAFE HAVEN FOR CHILDREN DURING AFTER SCHOOL AND SUMMER HOURS; OFFERING ENRICHING EXPERIENCES TO COMPLEMENT THE SCHOOL DAY; AND IMPROVING THE ACADEMIC PERFORMANCE OF LOW-ACHIEVING STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS GAVE TIME TO GIVE PRESENTATIONS OR TOURS TO STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LAWYER WATSON SANDRA WATSON PRESIDENT SEC/TREAS MARRIAGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT AND SECRETARY/TREASURER REVIEW FORM 990 AND ALL SUPPORTING SCHEDULES BEFORE THEY ARE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THIS TAX EXEMPT ORGANIZATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE THE MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION. EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS WILL BE PROVIDED UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012 ELMHURST STREET
IRS990/USAddress/CityNm0INMAN
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ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWYER WATSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08645853646
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFE RESOURCE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0208502852
ReturnHeader/Filer/PhoneNum08645953646
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570969493
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NORMAN JOHNSON & CO PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0191 N DANIEL MORGAN AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPARTANBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
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ReturnHeader/PreparerPersonGrp/PhoneNum08645738623
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY J JOHNSON CPA
ReturnHeader/ReturnTs02016-07-11T08:11:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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