Civic Intelligence

Lifta Society Inc

EIN 75-2463021 • 501(c)3 • Garland, TX

Profile

Lifta Societys mission is to promote a better understanding and commitment of the societys religious faith to its members and the community by setting up public activities, to cultivate relationships between its members and the society, and to improve the religious and spiritual standards by providing help, education, and fellowship.

701 Beltline RdGarland, TX 75040

www.liftasociety.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.02x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

2.6%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

229%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$576,621

Up $14,666 (+2.6%) from 2014

Liabilities

Flat

$1,500

Flat from 2014

Net Assets

Up

$575,121

Up $14,666 (+2.6%) from 2014

Operations
Liabilities / Revenue54th percentileNet Margin77th percentile

Revenue

Up

$60,193

Up $41,901 (+229%) from 2014

Expenses

Up

$45,527

Up $3,155 (+7.4%) from 2014

Net Income

Up

$14,666

Up $38,746 (+161%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $600,785Liabilities 2010: $0Net Assets 2010: $600,7852010Assets 2011: $586,833Liabilities 2011: $0Net Assets 2011: $586,8332011Assets 2012: $544,550Liabilities 2012: $0Net Assets 2012: $544,5502012Assets 2013: $586,035Liabilities 2013: $1,500Net Assets 2013: $584,5352013Assets 2014: $561,955Liabilities 2014: $1,500Net Assets 2014: $560,4552014Assets 2015: $576,621Liabilities 2015: $1,500Net Assets 2015: $575,1212015

Highlighted filing

2015

Assets$576,621
Liabilities$1,500
Net Assets$575,121
Open 2015 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KExpenses 2010: $46,4202010Expenses 2011: $33,7472011Expenses 2012: $34,5372012Revenue 2013: $74,425Expenses 2013: $34,440Net Income 2013: $39,9852013Revenue 2014: $18,292Expenses 2014: $42,372Net Income 2014: -$24,0802014Revenue 2015: $60,193Expenses 2015: $45,527Net Income 2015: $14,6662015

Highlighted filing

2015

Revenue$60,193
Expenses$45,527
Net Income$14,666
Open 2015 Filing

Filings

Most recent year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$576,621
Liabilities
$1,500
Net assets
$575,121
Revenue
$60,193
Expenses
$45,527
Net income
$14,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$5.77$0.02$5.75$0.60$0.46$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.62$0.02$5.60$0.18$0.42$0.24
2013Detailed filing. Detailed filing data is available for this year.$5.86$0.02$5.85$0.74$0.34$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.45$0.00$5.45$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$0.00$5.87$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.00$6.01$0.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 8, 2016
Return Version
2015v2.1
Gross Receipts
$60,193
Mission and Program Overview

Mission

Lifta Societys mission is to promote a better understanding and commitment of the societys religious faith to its members and the community by setting up public activities, to cultivate relationships between its members and the society, and to improve the religious and spiritual standards by providing help, education, and fellowship.

Lifta Society is a nonprofit charitable organization that works on setting up public activities to promote a better understanding and commitment of the societys religious faith to its members and the community at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$534,105$517,598▼ $16,507
Cash and Non-Interest-Bearing Accounts$27,850$59,023▲ $31,173
Total Assets$561,955$576,621▲ $14,666
Liabilities
Deferred Revenue$1,500$1,500→ $0
Total Liabilities$1,500$1,500→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$560,455$575,121▲ $14,666
Total Net Assets Fund Balance$560,455$575,121▲ $14,666
Total Liabilities and Net Assets / Fund Balance$561,955$576,621▲ $14,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$511,487$88,820$600,307
Equipment$1,208$15,262$16,470
Land$4,903-$4,903
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Naser AbusaadPresident
Ibrahim IsmailVice President
Mohammad IsmailMember at Large
Ashraf AbusaadSecretary
Husam AbusaadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,493
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$44,700
All Other Contributions
$8,608
Change in Net Assets
$14,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$13,206$3,301-$16,507
Occupancy$9,430$4,042-$13,472
Insurance$3,094$1,326-$4,420
Other Expenses$2,418$1,036-$3,454
Fees for Services Accounting$1,212$1,818-$3,030
Office Expenses$1,239$310-$1,549
Total Functional Expenses$32,639$12,888$0$45,527
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Naser Abusaad, Husam Abusaad, and Ashraf Abusaad are related. In addition, Ibrahim Ismail and Mohammad Ismail are related.”

Form 990, Part VI, Section A, Line 6

“The organization has voting and non-voting members based upon payment of annual dues. A simple majority quorum of eligible voting members is required for any passage of decision made by the governing body.”

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

“Once the draft Form 990 is complete, the Treasurer distributes a copy of to all Board Members via email or hard copoy. Within seven calendar days, each Board Member provides any comments in writing. The Treasurer then resolves them wtih the independent CPA who prepared the return.”

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

“The nonprofit organization requires the completion annually of a conflict of interest questionnaire detailing any known conflicts of interest between board members, officers, key employees, and the organization. Such conflicts are then to be discussed and followed up on according to the organizations conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The organization does not currently have compensated officers.”

Form 990, Part VI, Section C, Line 19

“Public inspection policy - Documents are made available for viewing at the societys office upon consultation with the board of directors and if required by law. All policies and financial transactions are openly discussed during monthly meetings.”

Filing and Contact Details

Filer

Filer Name
Lifta Society Inc
EIN
75-2463021
Phone
2145007912
Address
701 Beltline Rd, Garland, TX 75040

Signing Officer

Name
Naser Abusaad
Title
President
Signed
2016-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Naser Abusaad
Formed
1993
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Schnaufer & Walker Pc
Address
2695 VILLA CREEK 268, DALLAS, TX 75234
Preparer
David Schnaufer
Phone
9727982046
Raw XML Appendix355 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member at Large
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Naser Abusaad, Husam Abusaad, and Ashraf Abusaad are related. In addition, Ibrahim Ismail and Mohammad Ismail are related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has voting and non-voting members based upon payment of annual dues. A simple majority quorum of eligible voting members is required for any passage of decision made by the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Once the draft Form 990 is complete, the Treasurer distributes a copy of to all Board Members via email or hard copoy. Within seven calendar days, each Board Member provides any comments in writing. The Treasurer then resolves them wtih the independent CPA who prepared the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The nonprofit organization requires the completion annually of a conflict of interest questionnaire detailing any known conflicts of interest between board members, officers, key employees, and the organization. Such conflicts are then to be discussed and followed up on according to the organizations conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization does not currently have compensated officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Public inspection policy - Documents are made available for viewing at the societys office upon consultation with the board of directors and if required by law. All policies and financial transactions are openly discussed during monthly meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0561955
IRS990/TotalAssetsEOYAmt0576621
IRS990/TotalAssetsGrp/BOYAmt0561955
IRS990/TotalAssetsGrp/EOYAmt0576621
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt015493
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012888
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032639
IRS990/TotalFunctionalExpensesGrp/TotalAmt045527
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01500
IRS990/TotalLiabilitiesEOYAmt01500
IRS990/TotalLiabilitiesGrp/BOYAmt01500
IRS990/TotalLiabilitiesGrp/EOYAmt01500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0560455
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0575121
IRS990/TotalProgramServiceExpensesAmt032639
IRS990/TotalRevenueGrp/ExclusionAmt044700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt060193
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0561955
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0576621
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0560455
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0575121
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0701 Beltline Rd
IRS990/USAddress/CityNm0Garland
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075040
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.liftasociety.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Naser Abusaad
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lifta Society Inc
ReturnHeader/Filer/BusinessNameControlTxt0LIFT
ReturnHeader/Filer/EIN0752463021
ReturnHeader/Filer/PhoneNum02145007912
ReturnHeader/Filer/USAddress/AddressLine1Txt0701 Beltline Rd
ReturnHeader/Filer/USAddress/CityNm0Garland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075040
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHNAUFER & WALKER PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02695 VILLA CREEK 268
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075234
ReturnHeader/PreparerPersonGrp/PhoneNum09727982046
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID SCHNAUFER
ReturnHeader/ReturnTs02016-08-12T04:36:40-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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