2025-04-14T13:35:10-05:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 522168409 LIFT INC LIFT 2022891151 999 NORTH CAPITOL STREET NE 310 WASHINGTON DC 20002 REBECCA ROSS CHIEF OPER. & FIN. OFFICER 2022891151 2025-04-14 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2025-03-06 01:10:19Z MICHELLE RHONE-COLLINS 999 NORTH CAPITOL STREET NE 310 WASHINGTON DC 20002 16363112 0 X WWW.WHYWELIFT.ORG X 1999 DC LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. 16 15 89 12 0 0 12010502 15692698 0 143501 64376 501074 0 0 12074878 16337273 268925 283918 0 0 5563744 6879365 28187 118719 993817 2060485 2651045 7921341 9933047 4153537 6404226 16683143 23292280 2458257 2630131 14224886 20662149 X LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. WE BUILD FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE. 0 0 7731085 283918 143501 FOUNDED IN 1998, LIFT, INC IS A NATIONAL NONPROFIT ON A MISSION TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. DECADES OF INEQUITY AND UNDERINVESTMENT IN COMMUNITIES HAVE KEPT LOW-INCOME FAMILIES TRAPPED IN A CYCLE THAT, LIKE WEALTH, IS PASSED DOWN FROM GENERATION TO GENERATION. ALL FAMILIES DESERVE A BETTER FUTURE - NO MATTER THEIR RACE, ETHNICITY, OR ZIP CODE. LIFT BUILDS FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE - AN INVESTMENT OF HOPE, MONEY, AND LOVE. ROOTED IN A RELATIONSHIP FILLED WITH DIGNITY AND TRUST, LIFT'S ONE-ON-ONE COACHING PROGRAM EMPOWERS PARENTS TO SET AND ACHIEVE GOALS - SUCH AS GOING BACK TO SCHOOL, IMPROVING CREDIT, ELIMINATING DEBT, OR SECURING A LIVING WAGE THAT PUT THEIR FAMILIES ON THE PATH TO (CONTINUED ON SCHEDULE O)ECONOMIC MOBILITY. AS PART OF ITS INVESTMENT IN FAMILIES, IN 2018, LIFT LAUNCHED THE FAMILY GOAL FUND WHICH PROVIDES DIRECT, UNRESTRICTED CASH TO FAMILIES. LIFT REDUCES STRESS AND INCREASES FINANCIAL SLACK BY GIVING CASH DIRECTLY TO PARENTS SO THAT THEY DON'T HAVE TO CHOOSE BETWEEN THEIR EMERGENCY NEEDS AND LONG-TERM GOALS. AS PARENTS PERSIST THROUGH LIFT'S TWO-YEAR PROGRAM, THEY RECEIVE A TOTAL OF $1,200, DISTRIBUTED IN THREE-MONTH INTERVALS TO STAY ON TRACK TO REACH THEIR GOALS. LIFT BELIEVES THAT PARENTS KNOW THEIR FAMILIES' NEEDS BETTER THAN ANY PROGRAM COULD, AND THEIR EVIDENCE SHOWS THAT PARENTS USE THESE FUNDS TO REINVEST IN THEMSELVES, THEIR FAMILIES, AND THEIR GOALS. LIFT'S DIRECT SERVICE COACHING MODEL OPERATING IN CHICAGO, LOS ANGELES, NEW YORK, AND WASHINGTON D.C. CHANGES LIVES. AND, NOW THROUGH NEW, SUCCESSFUL CAPACITY-BUILDING PARTNERSHIPS AND ADVOCACY EFFORTS, WE ARE POISED TO SHIFT HOW SOCIAL SERVICE AND OTHER SYSTEMS FUNCTION FOR THE MILLIONS OF FAMILIES LIVING IN POVERTY NATIONWIDE. OUR SYSTEMS CHANGE GOALS STEM FROM THE HUMANITY THAT UNDERPINS OUR DIRECT SERVICE MODEL AS THE FOUNDATION FROM WHERE WE GENERATE OUR LEARNING, INSIGHTS, BEST PRACTICE, AND RESPONSIVE INNOVATIONS LIKE GIVING CASH. LIFT USES IMPACT DATA ALONGSIDE PARENT VOICE AND EXPERIENCE TO MITIGATE, AND ULTIMATELY CHANGE, THE ACTIONS OF SYSTEMS AND POLICIES THAT DRAIN HOPE, HARM COMMUNITIES, AND LIMIT ACCESS AND SUCCESS. AT FEDERAL, STATE, AND CITY LEVELS, OUR GOALS INCLUDE CHANGING PRACTICE, SYSTEMS, AND POLICIES THAT BUILD FINANCIAL AND SOCIAL CAPITAL FOR FAMILIES. LIFT'S STRATEGIC PLAN BUILDS ON OUR DIRECT SERVICE TO ACHIEVE POPULATION-LEVEL IMPACT THROUGH 1) STRATEGIC PARTNERSHIPS THAT EFFECTIVELY SHIFT PUBLIC SECTOR PRACTICE TO BETTER SUPPORT PARENT'S ECONOMIC MOBILITY, AND 2) ADVOCACY WORK TO SHIFT NARRATIVES, EDUCATE POLICYMAKERS, AND PROMOTE POLICIES THAT REDUCE POVERTY.LIFT HAS SERVICE SITES IN CHICAGO, LOS ANGELES, NEW YORK CITY, AND WASHINGTON D.C., AND PARTNERS WITH HEALTH SYSTEMS, COLLEGES, EARLY CHILDHOOD PROVIDERS, AND LOCAL AND NATIONAL GOVERNMENTS TO ADOPT ITS APPROACH ACROSS THE COUNTRY. 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REI ADVISOR 40.00 X 130703 0 7863 ANAE GOODWIN DIRECTOR OF FINANCE & ACCOUNTING 40.00 X 125473 0 11059 1704788 0 223166 16 0 1 0 USIO INC 3611 PAESANOS PKWY SUITE 300 SAN ANTONIO TX 78231 PREPAID CARD MKTG & PROCESS. & PMT DISTR 265468 1 30000 15662698 166706 15692698 FEE FOR SERVICE 900099 143501 143501 143501 500687 500687 26226 25839 387 387 387 16337273 143501 0 501074 283918 283918 1109224 670297 301768 137159 4770545 3830099 491600 448846 123140 102550 9567 11023 430899 352628 38217 40054 445557 343186 58252 44119 8439 5501 1120 1818 29651 29651 118719 118719 6322 6322 901698 704638 101993 95067 10318 7697 1585 1036 67621 57721 8540 1360 322885 246639 34051 42195 429215 378535 30642 20038 168264 134901 20172 13191 351441 332551 14401 4489 64124 47557 10017 6550 31587 23711 4762 3114 IN-KIND GOODS 141020 141020 PAYROLL SERVICES 41833 15349 25571 913 EDUCATION/TRAINING/PROF 18666 13843 2916 1907 TRAINING & DEVELOPMENT 17919 17448 471 40042 21296 16998 1748 9933047 7731085 1208145 993817 9816982 3382113 5000 10423773 5444146 4968229 5495 11910 76125 193835 718706 466294 287435 252412 9933 2437423 1038027 1622585 16683143 23292280 982105 639929 1476152 1990202 2458257 2630131 X 8025464 14419313 6199422 6242836 14224886 20662149 16683143 23292280 6404226 33037 0 X 0 1 X 1 0 X 6278406 8509521 10444032 12010502 15692698 52935159 6278406 8509521 10444032 12010502 15692698 52935159 5889382 47045777 4660 175 523 64366 500687 570411 43792 43792 646 646 53550008 143501 0.87850 0.84460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 578 3762 4340 9928706 9933046 646652 161663 0 0 470777 496390 546067 646652 2159886 3239829 4340 4340 117694 124098 136517 161663 539972 809958 578 578 476295 266449 209846 6660 79 6581 235751 199766 35985 252412 DEPOSITS 73421 RIGHT-OF-USE ASSET 1549164 1622585 OPERATING LEASE LIABILITY 1990202 1990202 16487342 33037 123354 156391 16330951 6322 6322 16337273 10050079 123354 123354 9926725 6322 6322 9933047 X X X X X 1 CHANGEIMPACT PO BOX 294 EAST ROCKAWAY NY 11518 GRANT WRITING 0 4900000 106515 4793485 YEVGENIYA BULAYEVSKAYA 1717 EAST 18TH STREET 4H BROOKLYN NY 11229 CONSULTING SERVICES 0 1000000 12204 987796 5900000 118719 5781281 CA CT DC IL MD MA NY PA VA 1 FUNDS TO SUPPORT ACHIEVEMENT OF CAREER AND FINANCIAL GOALS. THESE GOALS ARE FOCUSED ON PURSUING ADDITIONAL EDUCATION, SECURING BETTER OR MORE EMPLOYMENT, AND IMPROVING FINANCES. 642 210900 FUNDS TO MEMBER VOICE COMPENSATION. 405 13840 FUNDS TO SUPPORT HOLIDAY EXPENSES, BACK TO SCHOOL SUPPLY NEEDS, CHILDCARE, TRANSPORATION, AND OTHER BASIC NEEDS ("OTHER CASH TRANSFERS") 227 59178 PART I, LINE 2: MONITORING: FINANCIAL ASSISTANCE IS PROVIDED UPON SUCCESSFUL COMPLETION OF CERTAIN MILESTONES OF THE COACHING PROGRAM (I.E. CONDUCTING REQUIRED NUMBER OF MEETINGS OVER A TIME PERIOD). PROGRAM MANAGERS WILL SUBMIT A DISBURSEMENT REQUEST WHERE IT IS THEN VERIFIED AND APPROVED. A TYPICAL DISBURSEMENT IS $150 PER QUARTER. ASSISTANCE IS PROVIDED IN THE FORM OF DEPOSITS TO A DEBIT CARD. X X 0 0 0 0 0 0 0 1 0 MICHELLE RHONE-COLLINS CHIEF EXECUTIVE OFFICER 275257 0 65000 0 0 0 16500 0 22572 0 379329 0 0 0 GABRIEL SCHECK CHIEF ADVANCEMENT OFFICER 211804 0 0 0 0 0 10928 0 27436 0 250168 0 0 0 REBECCA ROSS CHIEF OPER. & FIN. OFFICER 206988 0 0 0 0 0 8257 0 30736 0 245981 0 0 0 HELAH ROBINSON CHIEF PROGRAM AND STRATEGY OFFICER 179378 0 0 0 0 0 9250 0 22227 0 210855 0 0 0 ALLISON OLSON EXECUTIVE DIRECTOR - LA 181294 0 0 0 50 0 9175 0 9226 0 199745 0 0 0 XIOMARA ROMAIN EXECUTIVE DIRECTOR - NY 175944 0 0 0 0 0 5286 0 11563 0 192793 0 0 0 SARAH SPUNT EXECUTIVE DIRECTOR - CHI 148897 0 4000 0 0 0 7850 0 13238 0 173985 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED MERIT-BASED BONUS COMPENSATION DURING THE YEAR: - MICHELLE RHONE-COLLINS $65,000 - SARAH SPUNT $4,000 - ANAE GOODWIN $3,000 GLOBAL PRINTING DIRECTOR JON BUDINGTON IS THE OWNER OF GLOBAL PRINTING 8865 LIFT PAID GLOBAL PRINTING FOR PRINTING, POSTAGE AND WEBSITE DEVELOPMENT SERVICES DURING THE FISCAL YEAR. THE AMOUNT PAID WAS AT OR BELOW FAIR MARKET VALUE. 0 X 1 25687 FMV X SUPPLIES 14 80000 FMV X FOOD 5 61020 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. THE AUDIT & FINANCE COMMITTEE WAS THEN PROVIDED A DRAFT OF FORM 990 FOR APPROVAL. FINALLY, THE ENTIRE BOARD WAS PROVIDED WITH THE DRAFT 990 BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C LIFT DIRECTORS, OFFICERS, AND EMPLOYEES COMPLETE AN ANNUAL CONFLICT OF INTEREST POLICY STATEMENT. IN CONNECTION WITH ANY INTEREST, AN INTERESTED PERSON HAS AN ONGOING DUTY TO DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND/OR MEMBERS OF COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON DISCLOSES TO THE CHAIR ALL FACTS MATERIAL TO THE INTEREST. THE BOARD OR COMMITTEE MEMBERS OTHER THAN THE INTERESTED PERSON DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THEN THE FOLLOWING PROCEDURES ARE OBSERVED: THE CHAIR OF THE GOVERNING BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES WHETHER LIFT CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE'S DELIBERATIONS INCLUDES AN ANALYSIS OF COMPARABLE TRANSACTIONS OR ARRANGEMENTS. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY AVAILABLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN LIFT'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS REASONABLY AVAILABLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE WILL NOT AUTHORIZE THE TRANSACTION OR ARRANGEMENT BEING CONSIDERED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD, LED BY THE CHAIR, CONDUCTS A PERFORMANCE REVIEW WITH THE CEO. THE CHAIR USES THE REVIEW, AN ASSESSMENT OF MARKET-RATE COMPENSATION FOR NON-PROFITS FROM PROFESSIONAL SURVEYS, AND THE CEO'S SALARY HISTORY TO PROPOSE A SALARY TO THE BOARD EXECUTIVE COMMITTEE, WHICH IT THEN DISCUSSES BEFORE APPROVING AN AMOUNT. THE CEO AND THE BOARD PERFORM A SIMILAR PROCESS FOR THE MANAGEMENT TEAM. ALL SALARIES ARE APPROVED BY THE BOARD AS PART OF THE BUDGET APPROVAL PROCESS. THE LAST SALARY REVIEW TOOK PLACE IN JULY 2024. FORM 990, PART VI, SECTION C, LINE 19 LIFT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.