Life Network Inc in Santa Barbara, California (CA)

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Life Network Inc
Employer Identification Number (EIN)770116381
Name of OrganizationLife Network Inc
Address185 S Patterson Ave Ste C, Santa Barbara, CA 93111-2074
ActivitiesOther health services
SubsectionCharitable Organization
Ruling Date09/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$74,255
Amount of Income$227,337
Form 990 Revenue Amount$214,590


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$214,590
Contributions, Gifts, Grants and Other Similar Amounts$214,463
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$127
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory (Securities / Other)$12,747 / $0
Less: cost or other basis and sales expenses (Securities / Other)$12,747 / $0
Gain or (loss) (Securities / Other)$0 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$225,855
Compensation of current officers, directors, trustees, and key employees$48,122
Other salaries and wages$66,436
Payroll taxes$8,886
Professional fundraising services$0
Other$102,411
Balance Sheet (for 2011)
Total assets$74,255
Total liabilities$35,117
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$35,117
Total net assets or fund balances$39,138
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$1,187,350
Gifts, grants, contributions, and membership fees received$1,183,054
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$4,296
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29Life Science Industry Council, Linc25283 Cabot Rd Ste 112, Laguna Hills, CA 92653-5509CA1995-02$133,392
30Life Science Research Group2738 Fulton St, Berkeley, CA 94705CA1964-05$0

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