Civic Intelligence

The Lifeboat Project Inc

990 • Fiscal year 2018 • EIN 45-5412556

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

PO Box 1083Apopka, FL 32704

(407) 620-2674

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

99th percentile

95%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

100th percentile

37165%

Faster asset growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

3956%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,948,200

Up $1,942,972 (+37165%) from 2017

Net Assets

Up

$1,938,217

Up $1,937,791 (+454881%) from 2017

Liabilities

Up

$9,983

Up $5,181 (+108%) from 2017

Revenue

Up

$2,038,362

Up $1,988,107 (+3956%) from 2017

Expenses

Up

$100,571

Up $36,888 (+58%) from 2017

Net Income

Up

$1,937,791

Up $1,951,219 (+14531%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $13,678Liabilities 2016: $02016Assets 2017: $5,228Liabilities 2017: $4,802Net Assets 2017: $4262017Assets 2018: $1,948,200Liabilities 2018: $9,983Net Assets 2018: $1,938,2172018Assets 2019: $1,973,878Liabilities 2019: $143,564Net Assets 2019: $1,830,3142019Assets 2020: $2,070,849Liabilities 2020: $140,000Net Assets 2020: $1,930,8492020Assets 2021: $2,048,097Liabilities 2021: $146,251Net Assets 2021: $1,901,8462021Assets 2022: $2,129,701Liabilities 2022: $184,696Net Assets 2022: $1,945,0052022Assets 2023: $2,394,314Liabilities 2023: $286,487Net Assets 2023: $2,107,8272023Assets 2024: $2,295,137Liabilities 2024: $307,478Net Assets 2024: $1,987,6592024

Highlighted filing

2018

Assets$1,948,200
Liabilities$9,983
Net Assets$1,938,217

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $123,236Expenses 2016: $132,469Net Income 2016: -$9,2332016Revenue 2017: $50,255Expenses 2017: $63,683Net Income 2017: -$13,4282017Revenue 2018: $2,038,362Expenses 2018: $100,571Net Income 2018: $1,937,7912018Revenue 2019: $146,937Expenses 2019: $254,840Net Income 2019: -$107,9032019Revenue 2020: $438,439Expenses 2020: $337,904Net Income 2020: $100,5352020Revenue 2021: $249,609Expenses 2021: $278,612Net Income 2021: -$29,0032021Revenue 2022: $432,197Expenses 2022: $389,038Net Income 2022: $43,1592022Revenue 2023: $765,296Expenses 2023: $602,474Net Income 2023: $162,8222023Revenue 2024: $714,479Expenses 2024: $834,647Net Income 2024: -$120,1682024

Highlighted filing

2018

Revenue$2,038,362
Expenses$100,571
Net Income$1,937,791
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$2,038,362
Mission and Program Overview

Mission

Human traficking awareness and victim services

To provide awareness of human traficking and to provide services to victims.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$1,943,265▲ $1,943,265
Rtn Earn Endowment Incm Other Fnds$0$1,938,217▲ $1,938,217
Cash and Non-Interest-Bearing Accounts$5,228$4,635▼ $593
Prepaid Expenses and Deferred Charges-$300-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,228$1,948,200▲ $1,942,972
Liabilities
Accounts Payable and Accrued Expenses$4,802$9,983▲ $5,181
Total Liabilities$4,802$9,983▲ $5,181
Net Assets / Fund Balance
Total Net Assets Fund Balance$426$1,938,217▲ $1,937,791
Total Liabilities and Net Assets / Fund Balance$5,228$1,948,200▲ $1,942,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,557,065$19,300$1,576,365
Land$386,200-$386,200
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jill CohenPresident
Cornita RileyDirector
Lisa HabaDirector
Nadia RiveraDirector
Randy SimpsonDirector
Ron NationDirector
Kathy MclainSecretary
Gary CohenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,038,362
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,035,177
Change in Net Assets
$1,937,791

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$1,962,565Cost
Total Noncash Contributions1$1,962,565-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,038,362
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$103,900
Total Revenue per Audited Statements
$2,142,262
Total Revenue per Form 990
$2,038,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,571
Total Fundraising Expense$1,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$19,300--$19,300
All Other Expenses$9,672-$1,360$11,032
Other Expenses$8,350--$8,350
Occupancy$6,352--$6,352
Office Expenses-$3,037-$3,037
Travel$2,786--$2,786
Insurance$1,061$1,062-$2,123
Total Functional Expenses$95,112$4,099$1,360$100,571

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$204,471
Expenses Not Reported on Form 990$103,900
Expenses per Audited Statements$100,571
Total Expenses per Form 990$100,571
Expenses Not Reported on Financial Statements$0
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
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jill cohen president of the organization and gary cohen, treasurer are wife and husband.

Form 990, Part VI, Section B, Line 11B

Form 990 will be presented to and approved by board of directors prior to its filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are made avaiable to the public on request.

Filing and Contact Details

Filer

Filer Name
The Lifeboat Project Inc
EIN
45-5412556
Phone
4076202674
Address
PO BOX 1083, APOPKA, FL 32704

Signing Officer

Name
Jill Cohen
Title
President
Phone
4076202674
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Cohen
Formed
2012
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
35

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas R Tschopp
Phone
4078752760
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Memberships: program service expenses 6,806. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,806. Education: program service expenses 1,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,893. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 1,360. Total expenses 1,360. Miscellaneous: program service expenses 973. Management and general expenses 0. Fundraising expenses 0. Total expenses 973.

Financial Statement Notes

PART X, LINE 2:

In accordance with "income taxes" fasb accounting standards codification topic 740 (topic 740), all entities are required to evaluate and disclose income tax risks. Topic 740 clarifies the accounting for uncertainty in tax positions and prescribes guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the statement of activities. As of december 31, 2018, the organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

Raw XML Appendix399 raw XML fields

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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01557065
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019300
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01576365
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0103900
IRS990ScheduleD/DonatedServicesUseFcltsAmt0103900
IRS990ScheduleD/ExpensesNotReportedAmt0103900
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0100571
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0386200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0386200
IRS990ScheduleD/RevenueNotReportedAmt0103900
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02038362
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH "INCOME TAXES" FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740 (TOPIC 740), ALL ENTITIES ARE REQUIRED TO EVALUATE AND DISCLOSE INCOME TAX RISKS. TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES GUIDANCE RELATED TO THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IS ONLY RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF DECEMBER 31, 2018, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01943265
IRS990ScheduleD/TotalExpensesPerForm990Amt0100571
IRS990ScheduleD/TotalRevenuePerForm990Amt02038362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02142262
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0204471
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0COST
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt01962565
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JILL COHEN PRESIDENT OF THE ORGANIZATION AND GARY COHEN, TREASURER ARE WIFE AND HUSBAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE PRESENTED TO AND APPROVED BY BOARD OF DIRECTORS PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAIABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERSHIPS: PROGRAM SERVICE EXPENSES 6,806. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,806. EDUCATION: PROGRAM SERVICE EXPENSES 1,893. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,893. FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,360. TOTAL EXPENSES 1,360. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 973. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 973.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05228
IRS990/TotalAssetsEOYAmt01948200
IRS990/TotalAssetsGrp/BOYAmt05228
IRS990/TotalAssetsGrp/EOYAmt01948200
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02038362
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01360
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04099
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095112
IRS990/TotalFunctionalExpensesGrp/TotalAmt0100571
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04802
IRS990/TotalLiabilitiesEOYAmt09983
IRS990/TotalLiabilitiesGrp/BOYAmt04802
IRS990/TotalLiabilitiesGrp/EOYAmt09983
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01938217
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt095112
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02038362
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05228
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01948200
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02786
IRS990/TravelGrp/TotalAmt02786
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1083
IRS990/USAddress/CityNm0APOPKA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032704
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0THELIFEBOATPROJECT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL COHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04076202674
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LIFEBOAT PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0455412556
ReturnHeader/Filer/PhoneNum04076202674
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1083
ReturnHeader/Filer/USAddress/CityNm0APOPKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032704
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A12C28F8EE3D23BE3BD2883F8CEF88646DEB8DC3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FBBA981E06544A8D4EAA49F70050A71D1854B86A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.68.96.238
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:50:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261472386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAFER TSCHOPP WHITCOMB ET AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0541 S ORLANDO AVENUE SUITE 312
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAITLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032751
ReturnHeader/PreparerPersonGrp/PhoneNum04078752760
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS R TSCHOPP
ReturnHeader/ReturnTs02019-11-15T10:54:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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