Civic Intelligence

Life Town Inc

990 • Fiscal year 2018 • EIN 45-4435140

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 25, 2018

10 Microlab RoadLivingston, NJ 07039

(973) 251-0203

Siviq Scores

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

Liabilities / Assets

40th percentile

0.24x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.34x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Net Margin

99th percentile

86%

Higher net margin than 99% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$177,244

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2018 filings • NTEE P • $10M-$25M nonprofits • Source year 2018

Asset Growth

95th percentile

34%

Faster asset growth than 95% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

372%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$17,798,886

Up $4,477,580 (+34%) from 2017

Net Assets

Up

$13,561,458

Up $2,733,689 (+25%) from 2017

Liabilities

Up

$4,237,428

Up $1,743,891 (+70%) from 2017

Revenue

Up

$3,169,889

Up $2,498,364 (+372%) from 2017

Expenses

Up

$436,200

Up $193,973 (+80%) from 2017

Net Income

Up

$2,733,689

Up $2,304,391 (+537%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $100,000Liabilities 2012: $02012Assets 2013: $5,144,827Liabilities 2013: $2,492,894Net Assets 2013: $2,651,9332013Assets 2014: $6,904,624Liabilities 2014: $2,220,247Net Assets 2014: $4,684,3772014Assets 2015: $7,907,231Liabilities 2015: $1,943,613Net Assets 2015: $5,963,6182015Assets 2016: $12,284,617Liabilities 2016: $1,886,146Net Assets 2016: $10,398,4712016Assets 2017: $13,321,306Liabilities 2017: $2,493,537Net Assets 2017: $10,827,7692017Assets 2018: $17,798,886Liabilities 2018: $4,237,428Net Assets 2018: $13,561,4582018Assets 2019: $17,622,652Liabilities 2019: $2,067,897Net Assets 2019: $15,554,7552019Assets 2020: $18,112,241Liabilities 2020: $2,631,165Net Assets 2020: $15,481,0762020Assets 2021: $17,640,347Liabilities 2021: $1,890,009Net Assets 2021: $15,750,3382021Assets 2022: $17,348,711Liabilities 2022: $1,651,113Net Assets 2022: $15,697,5982022Assets 2023: $18,187,988Liabilities 2023: $1,823,230Net Assets 2023: $16,364,7582023Assets 2025: $18,860,963Liabilities 2025: $1,031,528Net Assets 2025: $17,829,4352025

Highlighted filing

2018

Assets$17,798,886
Liabilities$4,237,428
Net Assets$13,561,458

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $100,000Expenses 2012: $0Net Income 2012: $100,0002012Expenses 2013: $77,9992013Revenue 2014: $2,419,536Expenses 2014: $387,092Net Income 2014: $2,032,4442014Revenue 2015: $2,773,825Expenses 2015: $321,173Net Income 2015: $2,452,6522015Revenue 2016: $4,787,440Expenses 2016: $352,587Net Income 2016: $4,434,8532016Revenue 2017: $671,525Expenses 2017: $242,227Net Income 2017: $429,2982017Revenue 2018: $3,169,889Expenses 2018: $436,200Net Income 2018: $2,733,6892018Revenue 2019: $1,462,948Expenses 2019: $416,448Net Income 2019: $1,046,5002019Revenue 2020: $1,030,275Expenses 2020: $1,103,954Net Income 2020: -$73,6792020Revenue 2021: $1,038,024Expenses 2021: $771,856Net Income 2021: $266,1682021Revenue 2022: $932,717Expenses 2022: $907,781Net Income 2022: $24,9362022Revenue 2023: $1,970,247Expenses 2023: $901,349Net Income 2023: $1,068,8982023Revenue 2025: $1,895,377Expenses 2025: $1,433,878Net Income 2025: $461,4992025

Highlighted filing

2018

Revenue$3,169,889
Expenses$436,200
Net Income$2,733,689
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$3,169,889
Mission and Program Overview

Mission

LifeTown is dedicated to creating an inclusive and supportive environment where individuals with special needs can develop life skills, build confidence, and foster meaningful connections. Through innovative therapeutic, educational, and recreational programs, we empower individuals to achieve independence and actively participate in their communities. By inspiring and enriching the lives of our participants, families, volunteers, and schools, LifeTown fosters a culture of empathy, empowerment, and true inclusion. As a place where the entire community comes together, LifeTown creates meaningful experiences that promote understanding, connection, and opportunities for individuals of all abilities to thrive.

To create a center for therapeutic services and life skills training to engage children and teens, including those with special needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,794,918$14,131,753▲ $6,336,835
Pledges and Grants Receivable$3,150,189$3,527,320▲ $377,131
Cash and Non-Interest-Bearing Accounts$95,703$34,285▼ $61,418
Prepaid Expenses and Deferred Charges$3,771$3,821▲ $50
Savings and Temporary Cash Investments$2,159,315$493▼ $2,158,822
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$13,321,306$17,798,886▲ $4,477,580
Other Assets Total$117,410$101,214▼ $16,196
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,827,801$2,777,990▲ $950,189
Other Liabilities$0$847,887▲ $847,887
Accounts Payable and Accrued Expenses$665,736$611,551▼ $54,185
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,493,537$4,237,428▲ $1,743,891
Net Assets / Fund Balance
Unrestricted Net Assets$4,209,990$10,303,482▲ $6,093,492
Temporarily Rstr Net Assets$6,617,779$3,257,976▼ $3,359,803
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,827,769$13,561,458▲ $2,733,689
Total Liabilities and Net Assets / Fund Balance$13,321,306$17,798,886▲ $4,477,580

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,596,007-$10,596,007
Buildings$2,760,746$419,678$3,180,424
Land$775,000-$775,000
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hollister Construction ServicesConstruction339 JEFFERSON ROAD, Parsippany, NJ 07054, Ca$5,136,539
FieldturfInstalled Turf Field16 MICROLAB ROAD, Livingston, NJ 07039$157,704
Rotwein Blake AssociatesArchitect-$155,283
Revenue and Support

Revenue Composition

Contributions and Grants
$3,168,711
Program Service Revenue
$0
Investment Income
$1,178
Other Revenue
$0
All Other Contributions
$3,168,711
Change in Net Assets
$2,733,689

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded5$94,709
Total Noncash Contributions5$94,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,422
Total Fundraising Expense$131,254
Salaries, Compensation, and Employee Benefits$80,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$22,699$85,321$108,020
Other Expenses-$100,000-$100,000
Depreciation Depletion-$86,308-$86,308
Current Officers, Directors, Trustees, and Key Employees--$34,927$34,927
Other Salaries and Wages-$16,712$7,580$24,292
Insurance-$21,787-$21,787
Occupancy-$19,053-$19,053
Other Employee Benefits-$16,854$1,653$18,507
Fees for Services Accounting-$15,075-$15,075
Payroll Taxes-$1,279$1,773$3,052
Fees for Services Other-$2,554-$2,554
Fees for Services Legal-$2,104-$2,104
Interest-$521-$521
Total Functional Expenses$0$304,946$131,254$436,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$847,887
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, #11B

A draft of the form 990 is distributed to the executive/finance committees for review. Once the form 990 is approved by the committees, the return is filed.

FORM 990, PART VI, SECTION B, #12C

Board members are required to disclose the existence of a potential conflict of interest. If a potential conflict is brought to the board's attention, the board members will discuss the potential conflict and decide if a conflict exists that would preclude that member voting on a particular agenda item. There were no conflicts of interest identified during fiscal year 2018.

FORM 990, PART VI, SECTION B, #15B

Salaries are allocated and paid by a related organization, friendship circle. Therefore, there is no process for determining compensation for the ceo, executive director, other top management officials, or other key employees at lifetown because that determination is made by the board of friendship circle.

FORM 990, PART VI, SECTION A, # 2

David orbach and dara orbach have a familial relationship. Michael schechner and june schechner have a familial relationship. Steven simon and mara simon have a familial relationship. Dr. Brooke skolnick and dr. Michael skolnick have a familial relationship.

FORM 990, PART VI, SECTION B, #7A

The chabad of livingston, inc., a type iii supporting organization and parent company, has the power to appoint board members.

Filing and Contact Details

Filer

Filer Name
Life Town Inc
EIN
45-4435140
In Care Of
% RABBI ZALMAN GROSSBAUM
Phone
9732510203
Address
10 MICROLAB ROAD, LIVINGSTON, NJ 07039

Signing Officer

Name
Rabbi Zalman Grossbaum
Title
Chairman and CEO
Phone
9732510203
Signed
2018-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rabbi Zalman Grossbaum
Formed
2012
Legal Domicile
Nj
Voting Board Members
31
Independent Board Members
30
Employees
0
Volunteers
30

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The organizations primary function is to create a center for therapeutic services and life-skills training to engage children and teens, including those with special needs, in a thoroughly enriching experience through extensive recreational, educational and therapeutic programs; develop independence for people with disabilities through role-play in life village, a real-life town square; be a resource for special education schools throughout the tri-state area; bring families who have children and teens with special needs out of isolation into an inclusive setting and greater involvement in the general community and to provide them with much needed respite and support; and to motivate, inspire and enrich teen and adult volunteers through sharing of themselves with others. The organization is currently in the construction phase and these program activities have not yet commenced.

Form 990, Part III, Line 4A

Life village will serve as a facility for children with special needs to train for real life role playing as shop-keepers or shoppers, car drivers or pedestrians, doctors or patients. In the process they will develop the skills necessary for daily life situations to develop common independence in a safe environment. A special curriculum will be designed around the facility. The curriculum will teach children with special needs adult life skills. In addition, the facility will provide a respite for adult caregivers. All programs will be run by professional educators and therapists with the help of hundreds of teens and adult volunteers. The faciliy will incorporate dedicated physical and occupational therapy centers, with state-of-the-art equipment and tactile development tools. The center will also include spacious recreational rooms for their families and our volunteers. This world class center will set a new benchmark for centers of its kind. Life town will be open to the public and private special needs schools in northern new jersey and beyond. Though designed for people with special needs, life town will serve families of all ages and backgrounds with a vast collection of trendsetting projects.

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

The Organization is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision or liability for income taxes has been recorded in the combined financial statements. There were no uncertain tax positions at June 30, 2018. The Organization did not have any income tax related penalties or interest for the year ended June 30, 2018.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$1.03$17.8$1.90$1.43$0.46
2023Summary only. Only limited summary data is available for this year.$18.2$1.82$16.4$1.97$0.90$1.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$1.65$15.7$0.93$0.91$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$1.89$15.8$1.04$0.77$0.27
2020Summary only. Only limited summary data is available for this year.$18.1$2.63$15.5$1.03$1.10$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$2.07$15.6$1.46$0.42$1.05
2018Detailed filing. Detailed filing data is available for this year.$17.8$4.24$13.6$3.17$0.44$2.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$2.49$10.8$0.67$0.24$0.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$1.89$10.4$4.79$0.35$4.43
2015Detailed filing. Detailed filing data is available for this year.$7.91$1.94$5.96$2.77$0.32$2.45
2014Detailed filing. Detailed filing data is available for this year.$6.90$2.22$4.68$2.42$0.39$2.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$2.49$2.65$0.08
2012Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.00$0.10