Overview
What is Lifestream Inc?
Lifestream Inc, based in New Bedford, Massachusetts, is a nonprofit organization dedicated to providing community-based services that empower individuals to attain greater independence and fulfilling lives. With over 30 group residences in southeastern Massachusetts, they offer support for people to lead independent and well-adjusted lives. Their mission focuses on creating promising opportunities and meaningful lives for those they serve. Lifestream Inc employs 760 individuals, and their extensive services include active participation in daily life activities.
Official website here: www.lifestreaminc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Lifestream Inc has achieved a remarkable overall score of 96%, demonstrating strong accountability and financial management practices. The organization received a perfect score in several areas, including having an entirely independent board and a robust audit and oversight committee. This high rating reflects the charity's commitment to transparency and effective governance, which is essential for building trust with donors and stakeholders.
The financial health of Lifestream Inc is evident from its impressive program expense ratio of 88.75%, indicating that a significant portion of its funds is allocated directly to its programs rather than administrative costs. Additionally, the organization has a low liabilities-to-assets ratio of 39.15%, suggesting a strong financial position and sustainability. These metrics highlight the nonprofit's ability to effectively use its resources to fulfill its mission.
While Lifestream Inc demonstrates a strong commitment to accountability and financial responsibility, it remains important for potential donors and stakeholders to consider their specific goals and values when choosing to support any nonprofit. Overall, this organization stands out for its effective governance and financial integrity, making it a reliable option for those looking to contribute to a meaningful cause.
This AI summary has been generated from information found on Charity Navigator.
Is Lifestream Inc legitimate?
Lifestream Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifestream Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $313,437
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,022,853
For more financial information, click here
Official website here: www.lifestreaminc.com
What is the mission statement of Lifestream Inc?
Lifestream Inc is a not-for-profit organization dedicated to helping individuals achieve greater independence, promising opportunities, and lives that are meaningful and fulfilling on their own terms. Their mission is to provide community-based services that support people in leading independent and well-adjusted lives. Through various programs and services, Lifestream Inc empowers individuals to actively participate in all areas of their daily lives. The organization's residential services operate over 30 group residences, providing the necessary support and attention for people to thrive and live fulfilling lives.
Official website here: www.lifestreaminc.com
Who is the CEO of Lifestream Inc?
Bonnie Mello is the President & Ceo of Lifestream Inc. The CEO's salary of Lifestream Inc is $181,450 and their total compensation is $185,090.
Official website here: www.lifestreaminc.com
What is the revenue of Lifestream Inc?
Lifestream Inc's revenue in 2022 was $38,919,251.
Official website here: www.lifestreaminc.com
Who are the executives of Lifestream Inc and what are their salaries?
The average compensation at Lifestream Inc during 2022 was $29,390. There are 760 employees and 11 volunteers at Lifestream Inc.
Here are 16 key members and their salaries (Lifestream Inc's CEO's salary is $181,450 and their total compensation is $185,090):
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- Compensation: $181,450
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- Other: $3,640
- Compensation: $146,265
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- Other: $6,500
- Compensation: $115,067
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- Other: $14,222
- Compensation: $114,727
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- Other: $2,600
- Compensation: $106,258
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- Other: $9,107
Official website here: www.lifestreaminc.com
Where can I find the form 990 for Lifestream Inc?
Lifestream Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifestreaminc.com
Learn more at the official website: www.lifestreaminc.com
Mission Statement of Lifestream Inc
Lifestream Inc, a not-for-profit organization, dedicates its mission to empowering individuals to lead independent, fulfilling lives on their own terms. The organization provides community-based services that support people in attaining greater opportunities and meaningful existence.
The heart of Lifestream Inc's endeavor lies in its residential services, which operate over thirty group residences throughout various parts of Massachusetts. In these nurturing environments, individuals receive the necessary attention and care to adapt well and thrive in their daily lives. These residents actively engage in all aspects of their existence, ensuring they lead fulfilling lives.
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Impact
October, 2024
Lifestream Inc has a profound impact on the community by providing individuals with the support necessary to achieve greater independence and lead fulfilling lives. Operating over 30 group residences in Southeastern Massachusetts, the organization creates an environment where residents receive personalized care and attention tailored to their unique needs. This emphasis on community-based services allows individuals to actively engage in their daily lives, fostering a sense of belonging and empowerment.
By promoting opportunities for personal growth and self-determination, Lifestream Inc enables individuals to pursue their goals on their own terms. The organization emphasizes the importance of meaningful living, helping residents cultivate skills and resources that lead to improved quality of life. Ultimately, Lifestream Inc plays a crucial role in transforming the lives of those it serves, contributing to a more inclusive and supportive community.
This information is meant to be a general summary of Lifestream Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,303
- Program Service Revenue: $32,745,135
- Gross Receipts: $38,919,251
Assets and Liabilities:
- Total Assets: $21,369,630
- Total Liabilities: $7,361,470
- Net Assets: $14,008,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUES
Revenue
$31,685,392
SERVICE FEES
Revenue
$1,059,743
Organization Details
Founding Year
1976
Phone
(508) 993-1991Principal Officer
Bonnie Mello
Main Address
13 WELBY ROAD, NEW BEDFORD, MA, 02745
Website
www.lifestreaminc.comNTEE Category
Code: E50 - Health
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