Lifetrack Resources Inc in Saint Paul, Minnesota (MN)

Table of contents:

Organization representatives - add corrected or new information about Lifetrack Resources Inc »

Non-representatives - add comments about Lifetrack Resources Inc»

Lifetrack Resources Inc
Employer Identification Number (EIN)410874507
Name of OrganizationLifetrack Resources Inc
Address709 University Ave W, Saint Paul, MN 55104-4804
ActivitiesAid to the handicapped (see also 031)
SubsectionCharitable Organization
Ruling Date09/1964
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,610,702
Amount of Income$8,663,480
Form 990 Revenue Amount$8,644,405
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Vocational Rehabilitation


Non-representatives - add comments:


CAPTCHA

Your IP address 23.22.252.150 will be logged.

Amount of income in 2010: $8,663,480
Lifetrack Resources Inc: 

 $8,663,480
Other organizations performing similar types of work: 

 $3,234,243

Assets in 2010: $5,610,702
This organization: 

 $5,610,702
Other organizations performing similar types of work: 

 $2,129,619

Expenses in 2007: $12,099,190
This organization: 

 $12,099,190
Other organizations performing similar types of work: 

 $5,207,954

Income to expenses ratio in 2007: 1.0
Lifetrack Resources Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 91.2%
This organization: 

 91.2%
Other organizations performing similar types of work: 

 88.9%

Number of employees in 2007: 199
Lifetrack Resources Inc: 

 199
Other organizations performing similar types of work: 

 160

Employees paid over $50,000 in 2007: 11.6%
This organization: 

 11.6%
Other organizations performing similar types of work: 

 2.1%

Grants share in income in 2007: 15.9%
This organization: 

 15.9%
Other organizations performing similar types of work: 

 7.8%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$9,016,986$9,667,089$11,148,314$9,874,453$10,015,790$9,452,564$10,935,471$11,982,167
Contributions, gifts, grants, and similar amounts received$1,643,198$1,541,922$1,804,932$1,566,096$1,925,640$1,840,240$1,804,190$1,901,385
Contributions to donor advised funds$0$0
Direct public support$739,351$611,424$886,870$592,850$733,078$957,740$787,015$892,790
Indirect public support$903,847$930,498$918,062$973,246$1,192,562$882,500$1,017,175$1,008,595
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$7,261,807$8,099,685$9,332,385$8,284,444$8,041,522$7,570,149$9,088,064$10,017,140
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$41,880$23,435$10,508$11,516$16,513$13,049$11,392$4,889
Dividends and interest from securities$0$0$0$0$0$13,442$19,648$25,102
Net rental income or (loss)$0$0$0$16,841$24,823$21,036$17,214$25,151
Gross rents$0$0$0$16,841$24,823$21,036$17,214$25,151
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$8,039$2,047$489$-4,444$7,292$-5,352$-5,037$8,500
Gross amount from sales of assets other than inventory$8,039$2,047$489$0$10,555$3,005$26,605$30,000
Less: cost or other basis and sales expenses$0$0$0$4,444$3,263$8,357$31,642$21,500
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$62,062$0$0$0$0$0$0$0
Total expenses$8,330,538$9,766,495$10,867,271$10,044,862$9,703,418$9,289,944$10,979,522$12,099,190
Program services$7,515,649$8,775,236$9,836,022$9,114,499$8,870,785$8,444,516$9,970,435$11,031,445
Management and general$712,795$882,855$901,689$816,231$705,589$685,883$804,518$844,233
Fundraising$102,094$108,404$129,560$114,132$127,044$159,545$204,569$223,512
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$4,735,897$4,629,077$4,888,154$4,756,841$5,108,300$5,277,157$5,267,326$5,152,525
Excess or (deficit) for the year$686,448$-99,406$281,043$-170,409$312,372$162,620$-44,051$-117,023
Net assets or fund balances at beginning of year$4,042,977$4,735,897$4,629,077$4,888,154$4,756,841$5,108,300$5,277,157$5,267,326
Other changes in net assets or fund balances$6,472$-7,414$-21,966$39,096$39,087$6,237$34,220$2,222
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$12,099,190$11,031,445$844,233$223,512
Grants paid from donor advised funds$0
Other grants and allocations$758,851
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$317,582$145,863$133,919$37,800
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$6,158,383$5,764,587$317,942$75,854
Pension plan contributions not included above$248,973$228,266$16,507$4,200
Employee benefits not included above$690,991$632,169$48,335$10,487
Payroll taxes$462,440$419,934$34,987$7,519
Professional fundraising fees$61,110$0$0$61,110
Accounting fees$30,200$0$30,200$0
Legal fees$2,448$2,448$0$0
Supplies$1,629,995$1,611,330$17,790$875
Telephone$70,167$64,675$4,758$734
Postage and shipping$80,756$66,389$12,797$1,570
Occupancy$346,833$242,896$103,307$630
Equipment rental and maintenance$28,881$21,983$6,898$0
Printing and publications$36,182$30,251$5,671$260
Travel$153,018$149,064$3,639$315
Conferences, conventions, and meetings$52,796$44,168$7,100$1,528
Interest$0$0$0$0
Depreciation, depletion, etc.$281,461$244,909$34,605$1,947
Other expenses not covered above$688,123$603,662$65,778$18,683
Balance Sheets
20002001200220032004200520062007
Total assets$5,676,096$5,387,809$5,611,990$5,479,082$5,916,713$5,912,329$6,187,776$6,198,344
Cash - non-interest-bearing$32,618$107,697$173,826$137,891$959,847$192,143$180,322$468,082
Savings and temporary cash investments$567,509$148,124$204,912$268,502$147,329$404,306$414,974$5,886
Accounts receivable less allowance for doubtful accounts$482,181$371,389$367,204$450,143$471,202$588,415$1,103,202$817,287
Pledges receivable less allowance for doubtful accounts$30,983$7,772$228,954$192,896$262,930$222,523$259,884$321,984
Grants receivable$836,139$863,673$861,325$647,193$168,555$676,465$348,037$589,476
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$13,050$19,340$13,519$14,169$28,064$64,644$122,954$335,821
Prepaid expenses and deferred charges$72,668$54,612$54,090$47,590$46,736$35,765$71,694$34,317
Investments - publicly-traded securities$600,349$618,154
Investments - other securities$249,688$253,766$243,662$293,692$538,556$546,990$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$3,381,414$3,552,155$3,455,783$3,427,006$3,289,494$3,161,514$3,082,860$2,968,828
Other assets, including program-related investments$9,846$9,281$8,715$0$4,000$19,564$3,500$38,509
Total liabilities$940,199$758,732$723,836$722,241$808,413$635,172$920,450$1,045,819
Accounts payable and accrued expenses$682,700$625,960$633,128$681,054$712,285$615,715$655,450$1,027,310
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$19,770$15,000$31,514$40,000$94,951$19,457$15,000$18,509
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$234,269$110,048$56,857$0$0$0$250,000$0
Other liabilities$3,460$7,724$2,337$1,187$1,177$0$0$0
Total liabilities and net assets/fund balances$5,676,096$5,387,809$5,611,990$5,479,082$5,916,713$5,912,329$6,187,776$6,198,344
Total net assets or fund balances$4,735,897$4,629,077$4,888,154$4,756,841$5,108,300$5,277,157$5,267,326$5,152,525
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$9,016,986$9,667,089$11,148,314$9,874,453$10,015,790$9,452,564$10,935,471$11,982,167
Total revenue, gains, and other support per audited financial statements$9,031,443$9,671,625$11,142,950$9,966,541$10,058,677$9,462,731$10,970,231$11,984,389
Other expenses$14,457$4,536$-5,364$92,088$42,887$10,167$34,760$2,222
Net unrealized gains on investments$6,472$-7,414$-21,966$39,096$39,087$6,237$34,220$2,222
Donated services and use of facilities$7,985$11,950$16,602$52,992$3,800$3,930$540$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$8,330,538$9,766,495$10,867,271$10,044,862$9,703,418$9,289,944$10,979,522$12,099,190
Total expenses and losses per audited financial statements$8,338,523$9,778,445$10,883,873$10,097,854$9,707,218$9,293,874$10,980,062$12,099,190
Other revenue$7,985$11,950$16,602$52,992$3,800$3,930$540$0
Donated services and use of facilities$7,985$11,950$16,602$52,992$3,800$3,930$540$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$123,154$2,849$0
40$89,086$6,375$0
40$43,350$4,714$0
40$46,152$1,902$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006199
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$63,642$10,017,140
Program service revenue
Program service revenue 1000000$000$0$6,383,328
Program service revenue 2000000$000$0$3,633,812
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,889$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$25,102$0
Net rental income or (loss) from real estate
debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$25,151$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$8,500$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$62,638$11,546$0
$61,818$8,532$0
$61,345$6,641$0
$59,873$4,310$0
$61,080$1,925$0
Total number of other employees paid over $50,00016
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$24,223
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$8,095,705$8,679,721$9,766,741$10,949,690$10,054,634$10,450,994$8,801,636$10,712,871
Gifts, grants, and contributions received$1,637,559$1,765,660$1,565,133$1,583,750$1,602,154$1,921,457$1,884,577$1,767,369
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$6,365,242$6,810,119$8,141,410$9,334,223$8,423,436$8,465,152$6,890,562$8,914,462
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$22,753$41,880$23,435$10,508$11,516$16,513$26,491$31,040
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$70,151$62,062$36,763$21,209$17,528$47,872$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Servicesource Inc62965 Edsail Rd 175, Alexandria, VA 22312VA1972-09$89,263,187
2Nish8401 Old Courthouse Rd Ste 350, Vienna, VA 22182-3878VA1974-11$87,810,312
3Jevs Human Services1845 Walnut Street, Philadelphia, PA 19103-4708PA1958-10$87,295,378
4Social Vocational Services Inc3555 Torrance Blvd, Torrance, CA 90503-4802CA1980-07$64,464,165
5Delancey Street Foundation600 Embarcadero St, San Francisco, CA 94107-2116CA1971-04$55,753,435
6Hope Rehabilitation Services30 Las Colinas Ln, San Jose, CA 95119-1212CA1953-06$44,243,877
7Portland Habilitation Center Inc, Phc Alaska5312 Ne 148th Ave, Portland, OR 97230-3438OR1952-05$30,825,486
8Nysarc Inc, Clinton County Chapter231 New York Rd, Plattsburgh, NY 12903-4425NY1954-05$28,076,681
9Alliance Inc7701 Wise Avenue, Baltimore, MD 21222-3296MD1984-01$22,449,399
10Depaul Industries4950 Ne Martin Luther King Jr Blvd, Portland, OR 97211-3354OR2000-03$17,886,197
11York-Cumberland Association Of Handicapped Persons619 Brighton Ave, Portland, ME 04102-2323ME1967-01$12,233,526
12Wildcat Service Corp211 W 14th St, New York, NY 10011-7102NY1973-01$11,313,559
13Huron Area Center For Independence258 3rd St Sw, Huron, SD 57350-2403SD1976-06$9,200,402
14Jewish Vocational Service Of Cincinnati, Control Data Filing4300 Rossplain Dr, Blue Ash, OH 45236-1208OH1953-03$9,106,909
15Boone Center Inc200 Trade Center Dr W, St Peters, MO 63376-1190MO1966-09$8,989,435
16Lifetrack Resources Inc709 University Ave W, Saint Paul, MN 55104-4804MN1964-09$8,663,480
17Southern Maryland Vocational Industries Incorporated8000 Parston Dr, Forestville, MD 20747-4428MD1985-12$8,296,002
18Abilities Inc Of Florida2735 Whitney Rd, Clearwater, FL 33760-1610FL1961-04$7,181,412
19Mid Hudson Workshop For The Disabled Inc188 Washington St, Poughkeepsie, NY 12601-1357NY1950-08$6,991,926
20Kandu Industries Inc1741 Adel St, Janesville, WI 53546-2945WI1965-06$6,565,971
21Merrick Inc3210 Labore Rd, Vadnais Hts, MN 55110-5130MN1973-06$18,043,326
22Rise Habilitation Services8406 Sunset Rd Ne, Spring Lk Pk, MN 55432-1317MN1993-10$12,644,570
23Rise Industrial Service Enterprises8406 Sunset Rd Ne, Spring Lk Pk, MN 55432-1317MN1993-10$8,855,490
24Carver-Hennepin Options For Innovative Community Employment, Choice Inc7654 Executive Dr, Eden Prairie, MN 55344-3677MN1972-02$2,814,592
25Industries Inc500 Walnut St S, Mora, MN 55051-1936MN1967-11$2,086,017
26Adult Training & Habilitation Center Inc311 Fairlawn Ave W, Winsted, MN 55395-7839MN1966-08$1,906,410
27East Range Developmental Achievement Center800 A Ave, Eveleth, MN 55734-1405MN1966-07$1,729,918
28Employment Enterprises IncPO BOX 303, Little Falls, MN 56345-0303MN1974-02$1,238,311
29Metro-Work Center Inc2730 E 31st St, Minneapolis, MN 55406-1923MN1971-10$604,381
30Main Street Industries And Training Center IncPO BOX 321, Clinton, MN 56225-0321MN1973-03$376,594
Number of organizations performing similar types of work
Alabama1
Arkansas4
Arizona2
California32
Colorado1
Connecticut3
District of Columbia1
Delaware1
Florida3
Georgia2
Hawaii1
Iowa4
Illinois12
Indiana2
Louisiana2
Massachusetts5
Maryland6
Maine3
Michigan6
Minnesota13
Missouri6
Montana2
North Carolina6
North Dakota1
New Hampshire1
New Jersey3
New Mexico1
New York6
Ohio8
Oklahoma3
Oregon7
Pennsylvania8
South Carolina1
South Dakota3
Tennessee4
Texas8
Utah2
Virginia7
Vermont1
Washington5
Wisconsin9
West Virginia1
Wyoming1
Total198

faqs.org is not associated with, endorsed by, or sponsored by Lifetrack Resources Inc and has no official or unofficial affiliation with Lifetrack Resources Inc