Overview
What is Life Styles Foundation Inc?
Life Styles Foundation Inc is a nonprofit organization located in Fayetteville, Arkansas. Its primary mission is to support Life Styles, Inc. and Life Styles Housing, Inc., both of which aim to assist individuals with disabilities. By providing quality services, Life Styles Foundation Inc. enables these individuals to develop the necessary skills and confidence to live independently in their communities. The foundation's activities are focused on bettering the lives of those with disabilities, ensuring they can lead fulfilling and self-reliant lives.
Official website here: www.lifestylesinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star Rating)
Life Styles Foundation Inc has received a 43% rating from Charity Navigator, which classifies it as a Zero-Star charity. This rating is derived solely from the Accountability & Finance category, highlighting significant concerns regarding financial management and accountability practices within the organization. The overall score indicates that while the charity has some strong points, such as a fully independent board and no material diversion of assets, it falls short in critical areas like whistleblower and document retention policies.
The organization has 80% of its board members as independent, which is a positive aspect, and it demonstrates responsible governance in terms of board meeting documentation. However, the absence of vital policies such as a whistleblower policy and a lack of posted tax forms on its website raise serious concerns about transparency and compliance. Additionally, the program expense ratio is notably low at 46.01%, suggesting that less than half of its expenses are directed toward its programs.
The financial management also reflects issues, particularly with a liabilities to assets ratio of 0.78%, which may imply potential financial instability. High salaries for key individuals, such as the Executive Director earning $146,714, can also be a point of contention for donors looking for more efficient use of funds. Overall, while there are strengths in governance, the weaknesses noted in financial practices and transparency call for careful consideration by potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Life Styles Foundation Inc legitimate?
Life Styles Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Styles Foundation 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: $0
For more financial information, click here
Official website here: www.lifestylesinc.org
What is the mission statement of Life Styles Foundation Inc?
Life Styles Foundation Inc's mission is centered around assisting individuals with disabilities. The organization aims to help these individuals develop the necessary skills and build the confidence needed to live independently in their communities. Life Styles Foundation Inc's primary objective is to empower these individuals, enabling them to lead as autonomous a life as possible. To accomplish this, the foundation provides support to Life Styles Inc. and Life Styles Housing Inc., which are likely entities under its umbrella, offering necessary resources and services.
Official website here: www.lifestylesinc.org
What is the revenue of Life Styles Foundation Inc?
Life Styles Foundation Inc's revenue in 2024 was $143,214.
Official website here: www.lifestylesinc.org
Who are the executives of Life Styles Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $129,350
- Other: $17,161
- Compensation: $0
- Related: $162,384
- Other: $9,474
Official website here: www.lifestylesinc.org
Where can I find the form 990 for Life Styles Foundation Inc?
Life Styles Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lifestylesinc.org
Learn more at the official website: www.lifestylesinc.org
Mission Statement of Life Styles Foundation Inc
Life Styles Foundation Inc, a nonprofit organization, is committed to assisting individuals with disabilities in achieving the necessary skills and confidence to live independently in their communities. The mission of Life Styles Foundation Inc is to empower these individuals, enabling them to lead fulfilling lives with dignity and autonomy. The organization operates with the belief that every person, regardless of their abilities, deserves the opportunity to live a life of independence and self-sufficiency. Life Styles Foundation Inc provides support for both Life Styles, Inc. and Life Styles Housing, Inc., ensuring that individuals with disabilities have access to the resources and services they need to thrive in their communities.
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Impact
August, 2024
Life Styles Foundation Inc helps individuals with disabilities achieve the skills and confidence they need to live independently in the community. Their impact lies in providing quality services to these individuals, supporting them in becoming more self-sufficient and integrated into society. Through their work, they contribute to enhancing the quality of life for people with disabilities and promoting inclusivity and independence.
This information is meant to be a general summary of Life Styles Foundation 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 2024.
- Investment Income: $22,421
- Gross Receipts: $463,653
Assets and Liabilities:
- Total Assets: $1,088,600
- Total Liabilities: $8,551
- Net Assets: $1,080,049
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Organization Details
Founding Year
1976
Principal Officer
Sherry Anderson
Website
www.lifestylesinc.orgNTEE Category
Code: P80Z - Human services
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