Civic Intelligence

Life Works Enterprises LLC

990 • Fiscal year 2017 • EIN 73-1667320

Oct 01, 2016 to Sep 30, 2017 • Filed on Jul 11, 2018

3700 South 1st StreetAustin, TX 78704

(512) 735-2400

Siviq Scores

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

Liabilities / Assets

96th percentile

1.26x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

33.34x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

26th percentile

-2.1%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

35th percentile

0.0%

Faster revenue growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$7,972,786

Down $171,448 (-2.1%) from 2016

Net Assets

Down

-$2,088,206

Down $179,465 (-9.4%) from 2016

Liabilities

Up

$10,060,992

Up $8,017 (+0.1%) from 2016

Revenue

Flat

$301,742

Flat from 2016

Expenses

Down

$481,207

Down $44,150 (-8.4%) from 2016

Net Income

Up

-$179,465

Up $44,150 (+20%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $9,853,796Liabilities 2012: $10,822,530Net Assets 2012: -$968,7342012Assets 2013: $8,783,321Liabilities 2013: $10,000,000Net Assets 2013: -$1,216,6792013Assets 2014: $8,653,905Liabilities 2014: $10,056,225Net Assets 2014: -$1,402,3202014Assets 2015: $8,367,849Liabilities 2015: $10,052,975Net Assets 2015: -$1,685,1262015Assets 2016: $8,144,234Liabilities 2016: $10,052,975Net Assets 2016: -$1,908,7412016Assets 2017: $7,972,786Liabilities 2017: $10,060,992Net Assets 2017: -$2,088,2062017Assets 2018: $7,795,259Liabilities 2018: $10,070,541Net Assets 2018: -$2,275,2822018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$7,972,786
Liabilities$10,060,992
Net Assets-$2,088,206

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $228,055Expenses 2012: $1,196,789Net Income 2012: -$968,7342012Expenses 2013: $553,0872013Revenue 2014: $301,842Expenses 2014: $487,483Net Income 2014: -$185,6412014Revenue 2015: $301,742Expenses 2015: $584,548Net Income 2015: -$282,8062015Revenue 2016: $301,742Expenses 2016: $525,357Net Income 2016: -$223,6152016Revenue 2017: $301,742Expenses 2017: $481,207Net Income 2017: -$179,4652017Revenue 2018: $301,742Expenses 2018: $488,818Net Income 2018: -$187,0762018Revenue 2019: $75,474Expenses 2019: $96,277Net Income 2019: -$20,8032019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2017

Revenue$301,742
Expenses$481,207
Net Income-$179,465
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jul 11, 2018
Return Version
2016v3.0
Gross Receipts
$301,742
Mission and Program Overview

Mission

The organization is organized exclusively to further the charitable purposes of its member-youth and family alliance, dba lifeworks

The organization is organized exclusively to further the charitable purposes of its member

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,072,245$7,914,715▼ $157,530
Cash and Non-Interest-Bearing Accounts$19,719$31,316▲ $11,597
Intangible Assets$51,907$26,392▼ $25,515
Accounts Receivable$363$363→ $0
Total Assets$8,144,234$7,972,786▼ $171,448
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,000,000$10,000,000→ $0
Accounts Payable and Accrued Expenses$52,975$60,992▲ $8,017
Total Liabilities$10,052,975$10,060,992▲ $8,017
Net Assets / Fund Balance
Unrestricted Net Assets$-1,908,741$-2,088,206▼ $179,465
Total Net Assets Fund Balance$-1,908,741$-2,088,206▼ $179,465
Total Liabilities and Net Assets / Fund Balance$8,144,234$7,972,786▼ $171,448

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,353,072$944,887$7,297,959
Land$1,559,743-$1,559,743
Other Land Buildings$1,900$17,100$19,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Trisa ThompsonChair-elect
Jon ArmstrongBoard Member
Susan McdowellExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$301,742
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-179,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,742
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$301,742
Total Revenue per Form 990
$301,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$317,465
Grants and Similar Amounts Paid$163,742
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$191,062--$191,062
Grants to Domestic Orgs$163,742--$163,742
Interest$125,000--$125,000
Fees for Services Accounting$1,403--$1,403
Total Functional Expenses$481,207$0$0$481,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$481,207
Total Expenses per Audited Statements$481,207
Total Expenses per Form 990$481,207
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Youth and Family Alliance Dba LifeworksAustin, TX501(c)(3)To Further the Charitable Purposes of the Organization$163,741
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B

The 990 is presented first to the board of governors finance committee for review, and then presented to the full board of governors prior to filing.

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

The policy is reviewed annually at a meeting of the board of governors. Members and senior management are asked to sign a form indicating whether or not conflicts of interest exist and if so, provide an explanation.

Form 990, Part VI, Section B, Line 15

The lifeworks director of human resources conducts a salary review and collects comparable data from the area as well as similar business types. Outside consultants are utilized to review job descriptions and salary ranges to ensure market competitiveness and reasonability. The lifeworks strategic management team review and send recommendations to the board of governors for approval prior to implementation in the organization. The board of governors follow this process to set the compensation for the executive director.

Form 990, Part VI, Section C, Line 19

Financial information is available for public review on guidestar at www.guidestar.org. Documents are also available upon request.

Filing and Contact Details

Filer

Filer Name
Lifeworks Enterprises LLC
EIN
73-1667320
Phone
5127352400
Address
3700 SOUTH 1ST STREET, AUSTIN, TX 78704

Signing Officer

Name
Susan Mcdowell
Title
Executive Director
Phone
5127352400
Signed
2018-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Mcdowell
Formed
2003
Legal Domicile
TX
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Atchley & Associates Llp
Address
1005 LA POSADA DRIVE, AUSTIN, TX 78752
Preparer
Karen E Atchley
Phone
5123462086
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for the oversight of the audit. The oversight policies and selection of an independent accountant by the audit committee has not changed since prior year.

Financial Statement Notes

PART X, LINE 2:

Lifeworks enterprises, llc has adopted financial accounting standards board codification (fasb asc) 740, accounting for uncertainty in income taxes. That standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in financial statements. It also provides guidance for de-recognition, classification, interest, and penalties, accounting in interim periods, disclosures, and transition.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LIFEWORKS ENTERPRISES, LLC HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION (FASB ASC) 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THAT STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURES, AND TRANSITION.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PRESENTED FIRST TO THE BOARD OF GOVERNORS FINANCE COMMITTEE FOR REVIEW, AND THEN PRESENTED TO THE FULL BOARD OF GOVERNORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS REVIEWED ANNUALLY AT A MEETING OF THE BOARD OF GOVERNORS. MEMBERS AND SENIOR MANAGEMENT ARE ASKED TO SIGN A FORM INDICATING WHETHER OR NOT CONFLICTS OF INTEREST EXIST AND IF SO, PROVIDE AN EXPLANATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LIFEWORKS DIRECTOR OF HUMAN RESOURCES CONDUCTS A SALARY REVIEW AND COLLECTS COMPARABLE DATA FROM THE AREA AS WELL AS SIMILAR BUSINESS TYPES. OUTSIDE CONSULTANTS ARE UTILIZED TO REVIEW JOB DESCRIPTIONS AND SALARY RANGES TO ENSURE MARKET COMPETITIVENESS AND REASONABILITY. THE LIFEWORKS STRATEGIC MANAGEMENT TEAM REVIEW AND SEND RECOMMENDATIONS TO THE BOARD OF GOVERNORS FOR APPROVAL PRIOR TO IMPLEMENTATION IN THE ORGANIZATION. THE BOARD OF GOVERNORS FOLLOW THIS PROCESS TO SET THE COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL INFORMATION IS AVAILABLE FOR PUBLIC REVIEW ON GUIDESTAR AT WWW.GUIDESTAR.ORG. DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THE OVERSIGHT POLICIES AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY THE AUDIT COMMITTEE HAS NOT CHANGED SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0YOUTH AND FAMILY ALLIANCE DBA LIFEWORKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LIFEWORKS AFFORDABLE HOUSING CORPORATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COUNSELING, EDUCATION, WORKFORCE TRAINING, AND HOUSING ASSISTANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1PF
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1301742
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt252975
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0YOUTH AND FAMILY ALLIANCE DBA LIFEWORKS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1YOUTH AND FAMILY ALLIANCE DBA LIFEWORKS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2YOUTH AND FAMILY ALLIANCE DBA LIFEWORKS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
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IRS990/TotalOtherCompensationAmt09890
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301742
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IRS990/TotalVolunteersCnt00
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1908741
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IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN MCDOWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05127352400

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