Overview
What is Lift Inc?
Lift Inc, established in 1998, is a national nonprofit organization with a mission to break the cycle of poverty by investing in parents. Based in Washington D.C., Lift Inc focuses on empowering low-income families, regardless of race, ethnicity, or location, to build their well-being, financial strength, and social connections. Their approach involves one-on-one coaching, where parents set and achieve goals, such as returning to school, improving credit, or securing a living wage. This two-year program provides a total of $1,200 in cash to families, distributed in three-month intervals, to help them reach their goals. Lift Inc also launched the Family Goal Fund in 2018, offering direct, unrestricted cash to families to alleviate stress and increase financial flexibility. The organization advocates for policies that center the voices of low-income families, aiming to change systems and practices that hinder success. Lift Inc has service sites in Chicago, Los Angeles, New York City, and Washington D.C., and partners with various organizations to promote its approach nationwide.
Official website here: www.liftcommunities.org
Is Lift Inc legitimate?
Lift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lift 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.
Here are some key statistics you may want to consider:
Executive Compensation: $800,728
Professional Fundraising Fees: $53,264
Other Salaries and Wages: $3,316,654
For more financial information, click here
Official website here: www.liftcommunities.org
What is the mission statement of Lift Inc?
Lift Inc's mission is centered around breaking the cycle of poverty by investing in parents. They aim to enhance the well-being, financial strength, and social connections of families, benefiting two generations simultaneously. Established in 1998, Lift is a national nonprofit that recognizes the impact of decades of inequality and underinvestment in communities, often trapping low-income families in a cycle of poverty. The organization provides one-on-one coaching to empower parents to set and achieve goals, such as improving education, credit, eliminating debt, or securing a living wage. This investment in families includes the launch of the Family Goal Fund in 2018, providing direct, unrestricted cash to families to alleviate stress and increase financial flexibility. Lift advocates for policies that center the voices of low-income families, aiming to mitigate and ultimately change the actions of systems that create barriers to success.
Official website here: www.liftcommunities.org
Who is the CEO of Lift Inc?
Michelle Rhone-Collins is the Chief Executive Officer of Lift Inc. The CEO's salary of Lift Inc is $240,896 and their total compensation is $265,573.
Official website here: www.liftcommunities.org
What is the revenue of Lift Inc?
Who are the executives of Lift Inc and what are their salaries?
The average compensation at Lift Inc during 2022 was $62,385. There are 66 employees and 63 volunteers at Lift Inc.
Here are 21 key members and their salaries (Lift Inc's CEO's salary is $240,896 and their total compensation is $265,573):
- Michelle Rhone-Collins (Chief Executive Officer) [Trustee/Director]
- Gabriel Scheck (Chief Advancement & Cities Officer)
- Xiomara Romain (Exec. Dir. - Ny&Vp, Org. Impact)
- Allison Olson (Executive Director - La)
- Kristy Arnold (Exec. Director - Dc (Until 5/2022))
- Kevin Toruno (Svp, Fin. & Admin. (Until 10/2021))
- Helah Robinson (Chief Program Officer)
- Sarah Spunt (Executive Director - Chi)
- Gina Del Carmen Coburn (Chair) [Trustee/Director]
- Will Darman (Treasurer) [Trustee/Director]
- Jon Budington (Director)
- Dannielle Campos (Director)
- Emilio Diez Barroso (Director)
- Arlene Ford (Director)
- Susan Hirsch (Director)
- Amy Lenandeer (Director)
- Dele Oladapo (Director)
- Ellen Pinschmidt (Director)
- Deanna Singh (Director)
- Brent Kessel (Director)
- Rebecca Ross (Chief Ops. Fin. Off. (From 4/2022))
Official website here: www.liftcommunities.org
Where can I find the form 990 for Lift Inc?
The Lift Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.liftcommunities.org
Learn more at the official website: www.liftcommunities.org
Mission Statement of Lift Inc
Lift Inc, a national nonprofit established in 1998, is on a mission to disrupt the cycle of poverty by investing in parents. Their strategy is multifaceted, focusing on enhancing families' well-being, financial stability, and social connections to uplift not just one generation but two. The organization's approach is grounded in a relationship of dignity and trust, offering one-on-one coaching to empower parents to set and achieve their goals. These objectives range from pursuing higher education, improving credit, eliminating debt, or securing a living wage, all of which contribute to a path towards economic mobility.
In 2018, Lift Inc introduced the Family Goal Fund, providing direct, unrestricted cash to families. This initiative reduces stress and increases financial flexibility by allowing parents to address their immediate needs without compromising their long-term goals. As families progress through Lift's two-year program, they receive a total of $1,200 in three-month installments to help maintain their momentum towards achieving their objectives. Lift's model aims to influence and eventually transform systems that create barriers to success by advocating for policies that prioritize the voices of low-income families.
Lift Inc's work extends beyond direct service, acting as a think tank to share insights, best practices, and innovative solutions. By leveraging impact data alongside parent experiences, Lift strives to mitigate and ultimately change policies and systems that hinder hope, harm communities, and limit access and success. At the federal, state, and local levels, Lift's goals encompass changing practices, systems, and policies to build financial and social capital for families and reduce the time and energy demanded by complex systems. Lift's new strategic plan seeks to achieve population-level impact through strategic partnerships and advocacy efforts to shift narratives, educate policymakers, and promote policies that alleviate poverty.
Impact
This information is meant to be a general summary of Lift Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Lift Inc's impact is focused on breaking the cycle of poverty by investing in parents. Through their one-on-one coaching program, Lift empowers parents to set and achieve goals such as improving their financial situation, pursuing education, eliminating debt, and securing better employment opportunities. The organization also provides direct cash assistance to families through the Family Goal Fund, reducing financial stress and increasing financial flexibility for parents to focus on their long-term goals.
Additionally, Lift works to advocate for policy changes that center the voices of low-income families and aim to mitigate the barriers to success created by existing systems. By using impact data alongside parent voice and experience, Lift seeks to change practices, systems, and policies that drain hope, harm communities, and limit access and success. Their strategic plan includes building strategic partnerships and engaging in advocacy work to achieve population-level impact and reduce poverty on a broader scale.
Overall, Lift's work is making a tangible difference in the lives of families in cities like Chicago, Los Angeles, New York City, and Washington D.C., as they strive to create a better future for families and break the intergenerational cycle of poverty.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1999
Phone
(202) 289-1151
Principal Officer
Michelle Rhone-Collins
Main Address
999 NORTH CAPITOL STREET NE 310, WASHINGTON, DC, 20002
Website
www.liftcommunities.org
NTEE Category
Code: J20 - Employment
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