Civic Intelligence

Lily Pad Haven Inc

990 • Fiscal year 2022 • EIN 45-3036117

Apr 01, 2021 to Mar 31, 2022 • Filed on Feb 21, 2023

5009 Beatties Ford Road 107-35Charlotte, NC 28216

(704) 312-2011

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

55th percentile

7.9%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$123,582

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 43.5% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

48th percentile

0.0%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

0.0%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Flat

$239,273

Flat from 2021

Net Assets

Flat

$239,273

Flat from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Flat

$284,180

Flat from 2021

Expenses

Flat

$261,608

Flat from 2021

Net Income

Flat

$22,572

Flat from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $107,476Liabilities 2014: $1,300Net Assets 2014: $106,1762014Assets 2015: $275,687Liabilities 2015: $5,429Net Assets 2015: $270,2582015Assets 2016: $453,950Liabilities 2016: $8,939Net Assets 2016: $445,0112016Assets 2017: $536,716Liabilities 2017: $17,779Net Assets 2017: $518,9372017Assets 2018: $433,613Liabilities 2018: $7,756Net Assets 2018: $425,8572018Assets 2019: $377,173Liabilities 2019: $8,379Net Assets 2019: $368,7942019Assets 2020: $351,085Liabilities 2020: $47,290Net Assets 2020: $303,7952020Assets 2021: $239,273Liabilities 2021: $0Net Assets 2021: $239,2732021Assets 2022: $239,273Liabilities 2022: $0Net Assets 2022: $239,2732022Assets 2023: $4,876Liabilities 2023: $0Net Assets 2023: $4,8762023Assets 2024: $364Liabilities 2024: $0Net Assets 2024: $3642024

Highlighted filing

2022

Assets$239,273
Liabilities$0
Net Assets$239,273

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2014: $146,906Expenses 2014: $57,580Net Income 2014: $89,3262014Revenue 2015: $287,253Expenses 2015: $123,171Net Income 2015: $164,0822015Revenue 2016: $399,161Expenses 2016: $224,408Net Income 2016: $174,7532016Revenue 2017: $342,126Expenses 2017: $268,200Net Income 2017: $73,9262017Revenue 2018: $257,979Expenses 2018: $301,116Net Income 2018: -$43,1372018Revenue 2019: $280,993Expenses 2019: $335,430Net Income 2019: -$54,4372019Revenue 2020: $158,422Expenses 2020: $279,772Net Income 2020: -$121,3502020Revenue 2021: $284,180Expenses 2021: $261,608Net Income 2021: $22,5722021Revenue 2022: $284,180Expenses 2022: $261,608Net Income 2022: $22,5722022Revenue 2023: $15,763Expenses 2023: $250,160Net Income 2023: -$234,3972023Revenue 2024: $14,981Expenses 2024: $19,493Net Income 2024: -$4,5122024

Highlighted filing

2022

Revenue$284,180
Expenses$261,608
Net Income$22,572
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Feb 21, 2023
Return Version
2021v4.2
Gross Receipts
$284,180
Mission and Program Overview

Mission

To provide emergent and transitional housing for victims of human trafficking who need the comfort and protection of a healing, loving home to restore body, mind and spirit. We focus our efforts on providing an integrated system of care in collaboration with internal programs and community partners.

To provide housing and transitional services for survivors of human trafficking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$278,944$239,273▼ $39,671
Pledges and Grants Receivable$48,400$0▼ $48,400
Total Assets$327,344$239,273▼ $88,071
Liabilities
Other Liabilities$37,846$0▼ $37,846
Accounts Payable and Accrued Expenses$5,308$0▼ $5,308
Deferred Revenue$4,136$0▼ $4,136
Total Liabilities$47,290$0▼ $47,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$280,054$239,273▼ $40,781
Total Net Assets Fund Balance$280,054$239,273▼ $40,781
Total Liabilities and Net Assets / Fund Balance$327,344$239,273▼ $88,071
Compensation and Service Providers

Employees

NameTitleOtherTotal
Neil CosseyTreasurer$123,582$123,582

Board Members and Trustees

NameTitle
Robert CampChair
Allan GibsonVice Chair
Chris AlmondDirector
Mike BrockDirector
Stephen IllingworthDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$284,180
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$126,077
Change in Net Assets
$22,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$180,341
Other Expenses$81,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$180,341-$180,341
Occupancy$78,921--$78,921
Office Expenses-$1,353-$1,353
All Other Expenses-$523-$523
Travel$470--$470
Total Functional Expenses$79,391$182,217$0$261,608
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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, Part VI, Section B, Line 11B

No review was or will be conducted prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

A review of the conflict of interest policy is reviewed annually, signed and dated by all board members and staff. Any conflict of interest noted is placed in writing and is saved electronically. Any volunteer who goes through the lily pad have, inc. Volunteer training also signs the conflict of interest policy and is provided with an electronic copy for review. During the volunteer training, if any conflict is noted or verbalized, detailed notes are added to the volunteer database. Any concerns would be taken to the board. No conflicts of interest related to volunteers has been noted to date.

Form 990, Part VI, Section B, Line 15

A review in trends in compensation for executive directors applying for like positions with like nonprofit organizations (size, age, annual budget) was completed by sandy sikes, lph board secretary and organizational health and development board member, and proposal was reviewed by all board members. Documentation of review and decision was included in board meeting minutes prior to offer being sent out. No board members paid and no key employees paid at least $150k.

Form 990, Part VI, Section C, Line 19

The organization provides the conflict of interest policy, financial statements, and governing documents upon request.

Filing and Contact Details

Filer

Filer Name
Lily Pad Haven Inc
EIN
45-3036117
Phone
7043122011
Address
5009 BEATTIES FORD ROAD 107-35, CHARLOTTE, NC 28216

Signing Officer

Name
Neil Cossey
Title
Treasurer
Phone
7043122011
Signed
2023-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Cossey
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Glenn Miller CPA
Phone
7035190990
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IRS990/MissionDesc0THE MISSION OF LILY PAD HAVEN, INC. IS TO PROVIDE TRANSITIONAL HOUSING AND SUPPORTIVE SERVICES FOR SURVIVORS OF HUMAN TRAFFICKING WHO NEED THE COMFORT AND PROTECTION OF A HEALING, SUPPORTIVE HOME TO RESTORE BODY, MIND, AND SPIRIT. WE FOCUS OUR EFFORTS ON PROVIDING AN INTEGRATED, TRAUMA-FOCUSED SYSTEM OF CARE IN COLLABORATION WITH INTERNAL PROGRAMS AND COMMUNITY PARTNERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REVIEW OF THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY, SIGNED AND DATED BY ALL BOARD MEMBERS AND STAFF. ANY CONFLICT OF INTEREST NOTED IS PLACED IN WRITING AND IS SAVED ELECTRONICALLY. ANY VOLUNTEER WHO GOES THROUGH THE LILY PAD HAVE, INC. VOLUNTEER TRAINING ALSO SIGNS THE CONFLICT OF INTEREST POLICY AND IS PROVIDED WITH AN ELECTRONIC COPY FOR REVIEW. DURING THE VOLUNTEER TRAINING, IF ANY CONFLICT IS NOTED OR VERBALIZED, DETAILED NOTES ARE ADDED TO THE VOLUNTEER DATABASE. ANY CONCERNS WOULD BE TAKEN TO THE BOARD. NO CONFLICTS OF INTEREST RELATED TO VOLUNTEERS HAS BEEN NOTED TO DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW IN TRENDS IN COMPENSATION FOR EXECUTIVE DIRECTORS APPLYING FOR LIKE POSITIONS WITH LIKE NONPROFIT ORGANIZATIONS (SIZE, AGE, ANNUAL BUDGET) WAS COMPLETED BY SANDY SIKES, LPH BOARD SECRETARY AND ORGANIZATIONAL HEALTH AND DEVELOPMENT BOARD MEMBER, AND PROPOSAL WAS REVIEWED BY ALL BOARD MEMBERS. DOCUMENTATION OF REVIEW AND DECISION WAS INCLUDED IN BOARD MEETING MINUTES PRIOR TO OFFER BEING SENT OUT. NO BOARD MEMBERS PAID AND NO KEY EMPLOYEES PAID AT LEAST $150K.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS UPON REQUEST.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1HOPE FOR JUSTICE UNITED KINGDOM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2HOPE FOR JUSTICE UNITED KINGDOM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3HOPE FOR JUSTICE UNITED KINGDOM
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3HOPE FOR JUSTICE AUSTRALIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4OK200STOP THE TRAFFIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5HOPE FOR JUSTICE INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENDING MODERN SLAVERY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3ENDING MODERN SLAVERY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4SUPPORT HUMAN TRAFFIC SURVIVORS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5ENDING MODERN SLAVERY
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IRS990/StatesWhereCopyOfReturnIsFldCd0NC
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IRS990/TaxablePartyNotificationInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0284180
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079391
IRS990/TotalFunctionalExpensesGrp/TotalAmt0261608
IRS990/TotalGrossUBIAmt00
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IRS990/TotalVolunteersCnt05
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05009 BEATTIES FORD ROAD 107-35
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