Civic Intelligence

Life Ready Inc.

990 • Fiscal year 2024 • EIN 82-2998509

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 07, 2025

Organization ProfileWWW.CBL.ORG
PO Box 436825Louisville, KY 40253

(502) 572-4410

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$116,194

Flat from 2024

Net Assets

Flat

$114,514

Flat from 2024

Liabilities

Flat

$1,680

Flat from 2024

Revenue And Expenses

Revenue

Flat

$356,393

Flat from 2024

Expenses

Flat

$334,632

Flat from 2024

Net Income

Flat

$21,761

Flat from 2024

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2018: $22,683Liabilities 2018: $4822018Assets 2019: $18,006Liabilities 2019: $2,563Net Assets 2019: $15,4442019Assets 2020: $77,182Liabilities 2020: $23,641Net Assets 2020: $53,5412020Assets 2021: $155,175Liabilities 2021: $899Net Assets 2021: $154,2762021Assets 2022: $111,999Liabilities 2022: $592Net Assets 2022: $111,4072022Assets 2023: $98,328Liabilities 2023: $5,575Net Assets 2023: $92,7532023Assets 2024: $116,194Liabilities 2024: $1,680Net Assets 2024: $114,5142024Assets 2024: $116,194Liabilities 2024: $1,680Net Assets 2024: $114,5142024

Highlighted filing

2024

Assets$116,194
Liabilities$1,680
Net Assets$114,514
Open 2024 Filing

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $60,319Expenses 2018: $37,636Net Income 2018: $22,6832018Revenue 2019: $129,976Expenses 2019: $133,089Net Income 2019: -$3,1132019Revenue 2020: $177,501Expenses 2020: $139,403Net Income 2020: $38,0982020Revenue 2021: $297,194Expenses 2021: $196,459Net Income 2021: $100,7352021Revenue 2022: $236,464Expenses 2022: $279,832Net Income 2022: -$43,3682022Revenue 2023: $331,493Expenses 2023: $350,147Net Income 2023: -$18,6542023Revenue 2024: $356,393Expenses 2024: $334,632Net Income 2024: $21,7612024Revenue 2024: $356,393Expenses 2024: $334,632Net Income 2024: $21,7612024

Highlighted filing

2024

Revenue$356,393
Expenses$334,632
Net Income$21,761
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 7, 2025
Return Version
2024v5.0
Gross Receipts
$356,393
Mission and Program Overview

Mission

Life Ready Inc provides biblical counseling for ministry leaders. We offer charitable, religious counseling for Christian pastors, missionaries, organization leaders and seminary students.

Life ready inc provides biblical counseling for ministry leaders. We offer charitable, religious counseling for christian pastors, missionaries, organization leader and seminary students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,900$116,194▲ $19,294
Investments in Publicly Traded Securities$1,428--
Total Assets$98,328$116,194▲ $17,866
Liabilities
Accounts Payable and Accrued Expenses$5,575$1,680▼ $3,895
Total Liabilities$5,575$1,680▼ $3,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$49,193$70,954▲ $21,761
Net Assets With Donor Restrictions$43,560$43,560→ $0
Total Net Assets Fund Balance$92,753$114,514▲ $21,761
Total Liabilities and Net Assets / Fund Balance$98,328$116,194▲ $17,866
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas ScottExecutive DiFT$83,871$83,871

Board Members and Trustees

NameTitle
David DykesBoard Member
Patrick VoelkerBoard Member
Richard ScottBoard Member
David NafzigerBoard Presid
Emily HafziterBoard Secret
Adam DentonBoard Treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$333,415
Program Service Revenue
$22,162
Investment Income
$816
Other Revenue
$0
All Other Contributions
$333,415
Change in Net Assets
$21,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$249,633
Other Expenses$84,999
Total Fundraising Expense$37,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,316$18,965$5,449$147,730
Current Officers, Directors, Trustees, and Key Employees$58,710$16,774$8,387$83,871
Advertising$18,109--$18,109
Payroll Taxes$13,925$2,956$1,151$18,032
All Other Expenses$1,334$9,588$594$11,516
Insurance-$7,378-$7,378
Other Expenses$11,628$3,578$8,454$3,578
Information Technology-$2,299-$2,299
Travel$1,127-$1,127$2,254
Occupancy-$1,800-$1,800
Office Expenses-$1,135-$1,135
Fees for Services Accounting-$725-$725
Conferences and Meetings$123--$123
Total Functional Expenses$228,272$68,897$37,463$334,632
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Life Ready Inc
EIN
82-2998509
Phone
5025724410
Address
PO BOX 436825, LOUISVILLE, KY 40253
Doing Business As
The Center for Biblical Living

Signing Officer

Name
Thomas Scott
Title
Executive Director
Phone
5025724410
Signed
2025-04-07

Organization Details

Principal Officer
Thomas Scott
Formed
2017
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
5
Employees
6

Preparer

Firm
Adkisson & Company Psc
Address
12730 TOWNEPARK WAY STE 103, LOUISVILLE, KY 40243-2303
Preparer
Thomas L Adkisson
Phone
5022453854
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ADKISSON & COMPANY PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012730 TOWNEPARK WAY STE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402432303
ReturnHeader/PreparerPersonGrp/PhoneNum05022453854
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS L ADKISSON
ReturnHeader/ReturnTs02025-04-15T11:35:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$116,194
Liabilities
$1,680
Net assets
$114,514
Revenue
$356,393
Expenses
$334,632
Net income
$21,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.02$1.15$3.56$3.35$0.22
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.02$1.15$3.56$3.35$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.06$0.93$3.31$3.50$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.01$1.11$2.36$2.80$0.43
2021Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$2.97$1.96$1.01
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.24$0.54$1.78$1.39$0.38
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.03$0.15$1.30$1.33$0.03
2018Summary only. Only limited summary data is available for this year.$0.23$0.00$0.60$0.38$0.23