Overview
What is Lifemark Inc?
Lifemark Inc, headquartered at 1342 South Division Street Unit 401, Salisbury, MD 21804, is a nonprofit organization with a mission to provide essential services to individuals in need. Their offerings include counseling, vocational rehabilitation, career services, and training, often on a reduced or no cost basis. Lifemark Inc is organized with charitable, religious, and educational objectives in mind, aiming to contribute positively to its community. With a team of 12 dedicated individuals, Lifemark Inc strives to empower and support its beneficiaries in various aspects of their lives.
Official website here: www.lifemark.pro
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 62%)
Lifemark Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall accountability and financial practices. While the organization boasts a strong independent board with 100% of its members being independent, it struggles significantly with financial transparency, as evidenced by missing financial statements and tax forms on its website.
The organization's program expense ratio is commendably high at 99.30%, which suggests that nearly all of its expenditures are directed towards its programs rather than administrative costs. However, this is overshadowed by a concerning liabilities to assets ratio of 107.73%, indicating potential financial instability. The absence of a document retention policy further raises questions about governance practices.
While Lifemark Inc shows promise in its mission-driven focus and governance structures, its financial reporting deficiencies and potential liability issues highlight critical areas that require attention to improve its overall efficacy and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lifemark Inc?
98% of 16 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Overall, the community expresses strong appreciation for Lifemark Inc, highlighting the positivity and dedication of the staff. Reviewers commend the organization's team for their friendliness and their earnest efforts in helping others.
The consistent praise for the personnel reflects a welcoming environment that fosters a sense of support and commitment to the cause they represent. This positive sentiment indicates that Lifemark Inc is effectively delivering on its mission to assist those in need.
This AI summary has been generated from reviews found on Facebook.
Is Lifemark Inc legitimate?
Lifemark Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifemark 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $464,206
For more financial information, click here
Official website here: www.lifemark.pro
What is the mission statement of Lifemark Inc?
Lifemark Inc, a charitable, religious, and educational organization, is committed to providing essential services on a free or reduced fee basis. Their mission encompasses offering counseling, vocational rehabilitation, career services, and training to those in need. The aim of Lifemark Inc is to empower individuals through these services, contributing to their personal growth and development.
Official website here: www.lifemark.pro
Who is the CEO of Lifemark Inc?
Marion Travers is the Executive Di of Lifemark Inc.
Official website here: www.lifemark.pro
What is the revenue of Lifemark Inc?
Lifemark Inc's revenue in 2022 was $553,249.
Official website here: www.lifemark.pro
Who are the executives of Lifemark Inc and what are their salaries?
The average compensation at Lifemark Inc during 2022 was $38,684. There are 12 employees and 4 volunteers at Lifemark Inc.
Here are 5 key members and their salaries:
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Official website here: www.lifemark.pro
Where can I find the form 990 for Lifemark Inc?
Lifemark Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifemark.pro
Learn more at the official website: www.lifemark.pro
Mission Statement of Lifemark Inc
Lifemark Inc, a nonprofit organization, is dedicated to providing essential services with a charitable, religious, and educational focus. Its mission is centered around offering counseling, vocational rehabilitation, career services, and training on a complimentary or reduced fee basis. Lifemark Inc is structured to serve its community in a meaningful way, striving to uplift and empower individuals through these various services.
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Impact
July, 2024
Lifemark Inc's impact lies in its provision of crucial services such as counseling, vocational rehabilitation, career services, and training at little to no cost. By offering these services on a reduced fee basis, Lifemark Inc plays a significant role in assisting individuals in need to improve their employment prospects and overall well-being. Through its charitable, religious, and educational initiatives, Lifemark Inc effectively contributes to the community by addressing various challenges faced by individuals seeking support in Salisbury, MD.
This information is meant to be a general summary of Lifemark 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.
- Program Service Revenue: $547,469
- Gross Receipts: $553,249
Assets and Liabilities:
- Total Assets: $902,095
- Total Liabilities: $971,840
- Net Assets: -$69,745
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNSELING SERVICES
Revenue
$547,469
Organization Details
Founding Year
2013
Phone
(443) 859-8584Principal Officer
Marion Travers
Main Address
1342 SOUTH DIVISION STREET UNIT 401, SALISBURY, MD, 21804
Website
www.lifemark.proNTEE Category
Code: J21 - Employment
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