Overview
What is Life Restoration Network?
Life Restoration Network is a nonprofit organization situated in Farmers Branch, Texas. Their primary focus lies in engaging with the city's youth through a distinctive boxing program. The organization's dedicated coaches, mentors, and educators work closely with the students, aiming to foster improved health, fitness, and education. By participating in this program, students gain valuable life skills and experiences that contribute to their overall development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Star rating)
Life Restoration Network has received a low rating of 48%, primarily due to significant weaknesses in accountability and financial transparency. While the organization boasts a majority of independent board members, it lacks essential financial documentation, such as financial statements and a website listed on its tax form, which are critical for transparency and trustworthiness.
The charity does demonstrate some positive aspects, including a low liabilities to assets ratio of 12.18%, indicating a manageable level of debt. Additionally, it has a program expense ratio of 60.06%, suggesting that a majority of its funds are directed towards its programs. However, the absence of vital policies such as conflict of interest and whistleblower policies raises concerns about governance practices.
Overall, Life Restoration Network's lack of financial disclosures and absence of crucial policies highlight areas that need significant improvement. Potential donors and stakeholders should consider these factors when assessing the organization's credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Life Restoration Network legitimate?
Life Restoration Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Restoration Network 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
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What is the mission statement of Life Restoration Network?
Life Restoration Network's mission, as expressed through its unique boxing program, is to engage with the city's youth. Their coaches, mentors, and educators aim to empower these students, enhancing their health, fitness, and education levels. By participating in this program, the youth are provided with opportunities for personal growth and development.
What is the revenue of Life Restoration Network?
Life Restoration Network's revenue in 2023 was $259,752.
Who are the executives of Life Restoration Network and what are their salaries?
There is 1 employee and 40 volunteers at Life Restoration Network.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Life Restoration Network?
Life Restoration Network's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Life Restoration Network
Life Restoration Network, a non-profit organization, achieves its mission through a unique boxing program. Their coaches, mentors, and educators engage with the city's youth, fostering connections that encourage the students' growth in health, fitness, and education. By empowering these young individuals, Life Restoration Network aims to make a positive impact on their lives.
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Impact
July, 2024
Life Restoration Network's impact can be seen in the way it empowers the youth in Farmers Branch, TX through its unique boxing program. By connecting coaches, mentors, and educators with the city's youth, the organization is able to promote greater health, fitness, and education among its students. This initiative not only benefits the individuals involved but also contributes to the overall well-being and development of the community.
This information is meant to be a general summary of Life Restoration Network. 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 2023.
- Program Service Revenue: $3,705
- Gross Receipts: $265,220
Assets and Liabilities:
- Total Assets: $403,381
- Total Liabilities: $49,157
- Net Assets: $354,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOXING CLUB
Revenue
$3,705
Organization Details
Founding Year
2017
Principal Officer
Steven P Bolos
NTEE Category
Code: N70 - Recreation
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