Liabilities / Assets
67th percentile
Tied with the lowest-debt nonprofits in its peer group.
Life Changing Labs Foundation
990EZ • Fiscal year 2024 • EIN 47-5673329
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
68th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 92.3% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Balance Sheet
Assets
Down$1,752
Down $43,183 (-96%) from 2023
Net Assets
Down$1,752
Down $42,437 (-96%) from 2023
Liabilities
Down$0
Down $746 (-100%) from 2023
Revenue And Expenses
Revenue
Down$48,758
Down $10,444 (-18%) from 2023
Expenses
Up$91,195
Up $50,866 (+126%) from 2023
Net Income
Down-$42,437
Down $61,310 (-325%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 14, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $48,758
Mission and Program Overview
Mission
See program service accomplishments.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| LCL SERVES AS ONE OF THE HUBS FOR ENTREPRENEURSHIP, AS WE PROVIDE RESOURCES AND OPPORTUNITIES FOR BUSINESS DEVELOPMENT AND NETWORKING. WE PLAN AND HOST SCHOOL-WIDE, MONTHLY AND ANNUAL ENTREPRENEURSHIP EVENTS. OVER THE SUMMER WE RUN AN INCUBATOR PROGRAM TO HELP COMPANIES EXPAND AND BUILD THEIR STARTUPS AND PRODUCTS. IN ADDITION, WE BRING IN INFLUENTIAL GUEST SPEAKERS AND MENTORS TO INSPIRE AND MOTIVATE STUDENT ENTREPRENEURS. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SANG WON YOON | Secretary | - | $45,000 | - | $45,000 |
| JONG WON KIM | Chairman | - | $0 | - | - |
| DAVID JOHNSON | Board Member | - | $0 | - | - |
| PAM SILVERSTEIN | Board Member | - | $0 | - | - |
| JEAN TURBAN | Executive Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Life Changing Labs Foundation
- EIN
- 47-5673329
- Phone
- 6173726788
- Address
- 407 COLLEGE AVE PMB 188, ITHACA, NY 14850
Signing Officer
- Name
- Jong Won Kim
- Title
- Chairman
- Phone
- 6173726788
- Signed
- 2025-11-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Sciarabba Walker & Co Llp
- Address
- 410 EAST UPLAND ROAD, ITHACA, NY 14850
- Preparer
- Amy a Iles
- Phone
- 6072725550
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest earned. Amount: 1.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: scholarships & grants. Amount: 9,400. Description: computer expenses. Amount: 1,628. Description: meals & entertainment. Amount: 12,860. Description: taxes & licenses. Amount: 50. Description: office expenses. Amount: 1,778. Description: subcontractors. Amount: 12,878. Description: bank fees. Amount: 150. Description: payroll taxes. Amount: 2,706. Total to form 990-ez, line 16: 41,450.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: payables to officers. Beg. Of year amount: 657. End of year amount: 0. Description: payroll liabilities. Beg. Of year amount: 89. End of year amount: 0.”
Raw XML Appendix166 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JONG WON KIM |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6173726788 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 202 LAKE STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ITHACA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 14850 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 44935 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1752 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 48757 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -42437 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4745 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 44935 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 1752 |
| IRS990EZ/GrossReceiptsAmt | 0 | 48758 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 44189 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 1752 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 44189 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 1752 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 45000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JONG WON KIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAVID JOHNSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PAM SILVERSTEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | SANG WON YOON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JEAN TURBAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | EXECUTIVE DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 41450 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 1 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SEE PROGRAM SERVICE ACCOMPLISHMENTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | LCL SERVES AS ONE OF THE HUBS FOR ENTREPRENEURSHIP, AS WE PROVIDE RESOURCES AND OPPORTUNITIES FOR BUSINESS DEVELOPMENT AND NETWORKING. WE PLAN AND HOST SCHOOL-WIDE, MONTHLY AND ANNUAL ENTREPRENEURSHIP EVENTS. OVER THE SUMMER WE RUN AN INCUBATOR PROGRAM TO HELP COMPANIES EXPAND AND BUILD THEIR STARTUPS AND PRODUCTS. IN ADDITION, WE BRING IN INFLUENTIAL GUEST SPEAKERS AND MENTORS TO INSPIRE AND MOTIVATE STUDENT ENTREPRENEURS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 45000 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | DE |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 746 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 91195 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 48758 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTP://LIFECHANGINGLABS.COM/PAGEPF |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 48100 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 59200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50696 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 57757 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 35103 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 250856 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 1 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 10 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 2464 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.96970 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.95160 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 243273 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 7583 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 48100 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 59200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50696 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 57757 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 35103 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 250856 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 250866 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST EARNED. AMOUNT: 1. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: SCHOLARSHIPS & GRANTS. AMOUNT: 9,400. DESCRIPTION: COMPUTER EXPENSES. AMOUNT: 1,628. DESCRIPTION: MEALS & ENTERTAINMENT. AMOUNT: 12,860. DESCRIPTION: TAXES & LICENSES. AMOUNT: 50. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,778. DESCRIPTION: SUBCONTRACTORS. AMOUNT: 12,878. DESCRIPTION: BANK FEES. AMOUNT: 150. DESCRIPTION: PAYROLL TAXES. AMOUNT: 2,706. TOTAL TO FORM 990-EZ, LINE 16: 41,450. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: PAYABLES TO OFFICERS. BEG. OF YEAR AMOUNT: 657. END OF YEAR AMOUNT: 0. DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 89. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JONG WON KIM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6173726788 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LIFE CHANGING LABS FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LIFE |
| ReturnHeader/Filer/EIN | 0 | 475673329 |
| ReturnHeader/Filer/PhoneNum | 0 | 6173726788 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 407 COLLEGE AVE PMB 188 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ITHACA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 14850 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 161071694 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCIARABBA WALKER & CO LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 410 EAST UPLAND ROAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ITHACA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 14850 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6072725550 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | AMY A ILES |
| ReturnHeader/ReturnTs | 0 | 2025-11-14T08:47:26-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $1,752
- Liabilities
- $0
- Net assets
- $1,752
- Revenue
- $48,758
- Expenses
- $91,195
- Net income
- -$42,437
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