Overview
What is Life Skills Foundation?
The Life Skills Foundation, located in Durham, North Carolina, is a dedicated nonprofit organization that strives to empower transition-aged youth who are at risk of homelessness. Their mission involves offering comprehensive support services to help these young adults establish stable, self-directed lives. In 2021, they aided 72 individuals, providing transitional housing for 19, independent housing solutions such as rent assistance and emergency hotel stays for 17, and education and employment counseling for 45. Additionally, they offered mental health care to 35, wraparound services to 57, parenting support services to 13, and independent living skills classes to 13 young adults. This holistic approach aims to equip these individuals with the necessary resources and skills to navigate their lives successfully.
Official website here: www.lifeskillsfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Life Skills Foundation has earned a Three-Star rating based on a score of 77%, primarily reflecting its strong performance in accountability and finance. This rating indicates that the organization meets several essential benchmarks in financial health and transparency, which are crucial for potential donors looking to understand the charity's efficacy and management.
The foundation's strengths lie in its completely independent board, as all members are independent, and it has a well-structured conflict of interest policy. The organization also scores well on its material diversion of assets, with no reported issues, and demonstrates effective governance practices, such as maintaining documented board meeting minutes and policies for whistleblowing and document retention.
While the organization has commendable program expense ratios at 74.83%, indicating that a significant portion of its funds is allocated toward its programs, the liabilities to assets ratio of 55.28% may raise some concerns regarding its financial leverage. Overall, the Life Skills Foundation shows a solid commitment to accountability but could benefit from addressing its financial stability further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Life Skills Foundation?
Three reviews for Life Skills Foundation have emerged on Facebook, suggesting an encouraging impression of the organization. One reviewer highlights the group's dedicated efforts, describing them as a "terrific group of people" engaged in "amazing work."
The flexibility and impactful approach of the foundation have also been noted, indicating that it adapts to the needs of the community effectively. Overall, there's a positive sentiment towards the nonprofit, emphasizing its commitment and effectiveness in delivering valuable services to those they support.
This AI summary has been generated from reviews found on Facebook.
Is Life Skills Foundation legitimate?
Life Skills Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Skills Foundation 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $476,017
For more financial information, click here
Official website here: www.lifeskillsfound.org
What is the mission statement of Life Skills Foundation?
The Life Skills Foundation's mission is centered around empowering transition-age youth, aiming to help them lead stable, self-reliant lives. They accomplish this by offering a range of support services. Primarily, they provide housing options for vulnerable young adults, including transitional housing and independent living assistance. Additionally, they offer counseling services to aid in education and employment, mental health care, and parenting support. Furthermore, the foundation provides wraparound services and classes to enhance independent living skills, ensuring a holistic approach to supporting these young adults in their journey towards self-sufficiency.
Official website here: www.lifeskillsfound.org
Who is the CEO of Life Skills Foundation?
Lauren L Schewel is the Executive Director of Life Skills Foundation.
Official website here: www.lifeskillsfound.org
What is the revenue of Life Skills Foundation?
Life Skills Foundation's revenue in 2022 was $554,116.
Official website here: www.lifeskillsfound.org
Who are the executives of Life Skills Foundation and what are their salaries?
The average compensation at Life Skills Foundation during 2022 was $39,358. There are 14 employees and 13 volunteers at Life Skills Foundation.
Here are 11 key members and their salaries:
- Compensation: $75,000
- Related: $0
- Other: $8,776
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.lifeskillsfound.org
Where can I find the form 990 for Life Skills Foundation?
Life Skills Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifeskillsfound.org
Learn more at the official website: www.lifeskillsfound.org
Mission Statement of Life Skills Foundation
Life Skills Foundation is an organization dedicated to empowering transition age youth, aiming to help them live stable, self-directed lives. To achieve this, the foundation provides them with essential support services. The core focus of Life Skills Foundation is to offer housing and wraparound services, which encompass a wide range of assistance. This includes education and employment counseling, mental health care, independent living skills classes, parenting support, and various forms of ongoing support. Through these services, the foundation seeks to equip young adults at risk of homelessness with the tools and resources necessary to lead independent lives.
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Impact
July, 2024
Life Skills Foundation's impact in 2021 was significant. They provided essential services to 72 young adults at risk of homelessness, including transitional housing, independent living support such as rent assistance and utilities, education and employment counseling, mental health care, wraparound services, parenting support, and independent living skills classes. This comprehensive approach empowers transition age youth to live stable, self-directed lives, positively impacting their futures.
This information is meant to be a general summary of Life Skills Foundation. 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.
- Program Service Revenue: $1,325
- Gross Receipts: $641,773
Assets and Liabilities:
- Total Assets: $1,880,740
- Total Liabilities: $952,625
- Net Assets: $928,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Prog Service Contract
Revenue
$1,325
Organization Details
Founding Year
2005
Principal Officer
Lauren L Schewel
Main Address
PO Box 51129, Durham, NC, 27717
Website
www.lifeskillsfound.orgNTEE Category
Code: O53 - Youth development
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