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Lifelabkids Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 811334117 ✦ Ferndale, MI ✦ Designated as a 501(c)(3)

Overview

What is Lifelabkids Foundation?

Lifelabkids Foundation is a nonprofit organization situated in Ferndale, Michigan. During the recent fiscal year, they initiated the construction of an Unlimited Play Park. The organization witnessed significant growth in 2022, expanding its team by 25% and later adding a Chief Development Officer. In addition to these developments, Lifelabkids launched health literacy programs, integrating expanded fitness and feeding therapies as part of their Grow Initiative. The foundation's primary mission is to empower students of all abilities, fostering their unique potential through a combination of evidence-based interventions, therapeutic activities, and innovative technologies.


Official website here: www.lifelabkids.org

Is Lifelabkids Foundation legitimate?

Lifelabkids Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifelabkids Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,203,376

For more financial information, click here


Official website here: www.lifelabkids.org

What is the mission statement of Lifelabkids Foundation?

The Lifelab Kids Foundation's mission is centered around assisting students of all abilities in discovering and realizing their unique potential. This is achieved through a combination of evidence-based interventions, therapeutic activities, and innovative technologies. The foundation aims to create an environment that fosters exploration and growth for all its students. During the fiscal year ending December 31, 2022, the foundation made significant strides. They broke ground on the Unlimited Play Park, expanded their staff by 25%, and later added a Chief Development Officer to their team. In line with their mission, they also launched health literacy programming, which incorporated expanded fitness and feeding therapies as part of their Grow Initiative.


Official website here: www.lifelabkids.org

Who is the CEO of Lifelabkids Foundation?

Jai Reddy is the Trustee of Lifelabkids Foundation.


Official website here: www.lifelabkids.org

What is the revenue of Lifelabkids Foundation?

Lifelabkids Foundation's revenue in 2022 was $2,392,186.


Official website here: www.lifelabkids.org

Who are the executives of Lifelabkids Foundation and what are their salaries?

The average compensation at Lifelabkids Foundation during 2022 was $23,142. There are 52 employees at Lifelabkids Foundation.

Here are 3 key members and their salaries:

    Neelima Depa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juthica Reddy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jai Reddy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lifelabkids.org

    Where can I find the form 990 for Lifelabkids Foundation?

    The Lifelabkids Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lifelabkids.org

    Learn more at the official website: www.lifelabkids.org

    Mission Statement of Lifelabkids Foundation

    Lifelab Kids Foundation is committed to empowering students of all abilities to uncover and actualize their unique, authentic potential. They achieve this goal through a strategic blend of evidence-based interventions, therapeutic activities, and innovative technologies. The organization's mission aims to foster an environment that allows every student to explore their true potential, enabling them to reach their fullest potential.

    Impact

    This information is meant to be a general summary of Lifelabkids Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Lifelabkids Foundation has made a significant impact by helping students of all abilities discover and explore their unique, true potential through evidence-based interventions, therapeutic activities, and innovative technologies. In 2022, the organization broke ground on the Unlimited Play Park, expanded their staff by 25%, and added a Chief Development Officer to the team. They also launched health literacy programming around expanded fitness and feeding therapies as part of the GROW initiative. This commitment to empowering students and providing holistic support demonstrates Lifelabkids Foundation's dedication to making a tangible difference in the lives of those they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,933
  • Program Service Revenue: $1,440,986
  • Gross Receipts: $2,392,186

    • Assets and Liabilities:
  • Total Assets: $3,030,161
  • Total Liabilities: $1,615,432
  • Net Assets: $1,414,729
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE REVENUE

    Revenue

    $1,440,986

    Organization Details

    Founding Year

    2016

    Principal Officer

    Jai Reddy

    Main Address

    3178 HILTON RD, FERNDALE, MI, 48220

    NTEE Category

    Code: T50 - Philanthropy

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