2021-08-27T11:09:11-05:00 2020-12-31 840636698 OSBORNE PARSONS & ROSACKER LLP 601 NORTH NEVADA AVENUE COLORADO SPRINGS CO 809031005 990 2020-01-01 840970592 LIFE NETWORK LIFE 7195912609 3700 GALLEY ROAD COLORADO SPRINGS CO 809094446 RICH BENNETT PRESIDENT 7195912609 2021-08-26 1 RICH BENNETT XXX-XX-XXXX MITCHELL DOWNS CPA P00831972 7196362321 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X RICH BENNETT 3700 GALLEY ROAD COLORADO SPRINGS CO 809094446 3629764 0 X WWW.ELIFENETWORK.COM X 1984 CO PROVIDES SUPPORT AND MENTORING FOR PARENTS FACING UNEXPECTED PREGNANCIES AS WELL AS HEALTHY RELATIONSHIPS EDUCATION. 11 11 46 450 10711 0 2118528 3195672 645 5171 1588 821 23012 -2711 2143773 3198953 0 0 0 0 1084376 1385746 0 0 399144 764646 896289 1849022 2282035 294751 916918 1917846 2841018 804616 810870 1113230 2030148 PROVIDES SUPPORT AND MENTORING FOR WOMEN AND MEN FACING UNEXPECTED PREGNANCIES. 0 0 764400 CLIENT COUNSELING AND ASSISTANCE TO WOMEN IN NEED. LIFE NETWORK ADDRESSED THE NEEDS OF MORE THAN 7,000 CLIENTS AND RECEIVED APPROXIMATELY 13,300 VOLUNTEER HOURS IN 2020. 749070 5171 TEEN EDUCATION PROGRAMS: LIFE NETWORK REACHED AN ESTIMATED 5,000 STUDENTS WITH RELATIONSHIPS, HEALTHY SEXUALITY EDUCATION, AND SUICIDE PREVENTION MESSAGES. 166855 -12067 THE LIFE NETWORK FAMILY THRIFT STORE PROVIDES QUALITY AFFORDABLE GOODS TO OUR CLIENTS AND COMMUNITY MEMBERS AND BENEFITS THE MINISTRY OF LIFE NETWORK. 1680325 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 46 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LIFE NETWORK CORPORATE OFFICE 7195912609 3700 GALLEY ROAD SUITE 100 COLORADO SPRINGS CO 80909 JAYDE DUNCAN CHAIRMAN 1.00 X X 0 0 0 DEREK HANSON VICE CHAIR 1.00 X X 0 0 0 TOM SISTARE TREASURER 1.00 X X 0 0 0 MAURA NORDBERG SECRETARY 1.00 X X 0 0 0 DEBBI RAYBURN DIRECTOR 1.00 X 0 0 0 ERIN SMALLEY DIRECTOR 1.00 X 0 0 0 LINDA GOULD DIRECTOR 1.00 X 0 0 0 BRENDA FULLERTON DIRECTOR 1.00 X 0 0 0 CINDY SCHAEFER DIRECTOR 1.00 X 0 0 0 LUKE GHEEN DIRECTOR 1.00 X 0 0 0 NANCY ELLIE HADDAD DIRECTOR 1.00 X 0 0 0 RICH BENNETT PRESIDENT/CEO 40.00 X 174098 0 5223 174098 0 5223 1 0 1 0 0 599853 369663 2226156 384412 3195672 PROGRAM SERVICE FEES 900099 5171 5171 5171 821 821 17400 0 17400 17400 10711 6689 121074 599853 121074 0 289626 309737 -20111 -12067 -8044 3198953 -6896 10711 -534 179322 132698 16139 30485 1053829 779834 94844 179151 11165 8262 1005 1898 56187 37645 12923 5619 85243 63080 7672 14491 128875 68946 10934 48995 37093 11324 731 25038 84131 56591 5072 22468 139156 110715 7000 21441 6613 4822 484 1307 10520 8189 1912 419 40419 40193 142 84 63362 60648 1979 735 38408 20464 13953 3991 SUPPLIES 121974 105795 11517 4662 EQUIPMENT AND MAINTENAN 69555 68695 159 701 DEVELOPMENT AND PUBLIC 53823 15575 825 37423 REMODELING EXPENSES 44485 36750 1547 6188 57875 50099 13728 -5952 2282035 1680325 202566 399144 859952 1778754 33405 54 109720 118588 12146 14817 1684148 813748 911028 870400 25000 25000 1917846 2841018 75425 114998 1650 726787 693129 2404 1093 804616 810870 X 1057360 1904368 55870 125780 1113230 2030148 1917846 2841018 916918 0 X X 0 1 X 1 0 X 1394569 1595712 1738110 2122816 3195671 10046878 1394569 1595712 1738110 2122816 3195671 10046878 384808 9662070 357 402 1217 1588 821 4385 1777 5517 7294 10058557 382246 0.96060 0.94330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128196 128196 1303562 635883 667679 252390 177865 74525 870400 CAPITAL LEASE OBLIGATIONS 1093 1093 X 3332907 12880 121074 133954 3198953 0 3198953 2415989 12880 121074 133954 2282035 0 2282035 PART X, LINE 2: LIFE NETWORK'S FORMS 990 AND 990-T INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. AS OF DECEMBER 31, 2020, THE INFORMATION RETURNS FOR THE THREE PRIOR YEARS ARE CONSIDERED OPEN FOR INTERNAL REVENUE SERVICE EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH SPECIAL EVENT REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH SPECIAL EVENT REVENUE WALK 407718 371089 36629 6455 30174 GALA 313209 228764 84445 9826 20555 54064 720927 599853 121074 16281 20555 84238 121074 0 X X X 0 0 0 0 0 0 0 0 0 RICH BENNETT PRESIDENT/CEO 174098 0 0 0 0 0 0 0 5223 0 179321 0 0 0 X 384412 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD PARTY. THE FINANCE COMMITTEE HAS BEEN AUTHORIZED BY THE GOVERNING BODY TO REVIEW AND APPROVE THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST. IN ADDITION TO SELF DISCLOSURE, THE GOVERNING BODY REVIEWS ALL MAJOR TRANSACTIONS FOR POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE TO REVIEW DATA PRESENTED TO THEM BY THE FINANCIAL MANAGER, WHICH IS TAKEN FROM VARIOUS SALARY SURVEYS TO COMPARE COMPENSATION AND RESPONSIBILITIES. THE SURVEYS COME FROM CHRISTIAN MANAGEMENT ASSOCIATION, CARENET AND HEARTBEAT. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR THE SALARY AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR RESPONSIBILITY AND OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR FORM 990, PAGE 1 THE RETURN IS BEING AMENDED FOR ADJUSTMENTS MADE AT THE CONCLUSION OF OUR FINANCIAL STATMENT AUDIT. THE ADJUSTMENTS INCLUDE AN INCREASE TO PREPAID EXPENSES WITH A RELATED DECREASE TO RENT EXPENSE, AS WELL AS UPDATES TO THE FUNCTIONAL EXPENSE ALLOCATIONS. THE NET EFFECT OF THE ADJUSTMENTS WERE A DECREASE IN EXPENSES OF $8,180. THE EFFECT OF THE CHANGES IN THE AMENDED RETURN ARE AS FOLLOWS: - FORM 990 PART I LINE 17: CHANGED FROM $904,467 TO $896,289 - FORM 990 PART I LINE 18: CHANGED FROM $2,290,215 TO $2,282,035 - FORM 990 PART I LINE 20: CHANGED FROM $2,832,838 TO $2,841,018 - FORM 990 PART I LINE 22: CHANGED FROM $2,021,968 TO $2,030,148 - FORM 990 PART IX LINE 25(A): CHANGED FROM $2,290,215 TO $2,282,035 - FORM 990 PART IX LINE 25(B): CHANGED FROM $1,438,785 TO $1,680,325 - FORM 990 PART IX LINE 25(C): CHANGED FROM $480,849 TO $202,566 - FORM 990 PART IX LINE 25(D): CHANGED FROM $370,581 TO $399,144 - FORM 990 PART X LINE 9: CHANGED FROM $6,637 TO $14,817 - FORM 990 PART X LINE 16: CHANGED FROM $2,832,838 TO $2,841,018 - FORM 990 PART X LINE 27: CHANGED FROM $1,896,188 TO $1,904,368 - FORM 990 PART X LINE 32: CHANGED FROM $2,021,968 TO $2,030,148 - FORM 990 PART X LINE 33: CHANGED FROM $2,832,838 TO $2,841,018 - FORM 990 PART XI LINE 2: CHANGED FROM $2,290,215 TO $2,282,035 - FORM 990 PART XI LINE 3: CHANGED FROM $908,738 TO $916,918 - FORM 990 PART XI LINE 10: CHANGED FROM $2,021,968 TO $2,030,148 - FORM 990 SCHEDULE D PART XII LINE 1: CHANGED FROM $2,424,169 TO $2,415,989 - FORM 990 SCHEDULE D PART XII LINE 3: CHANGED FROM $2,290,215 TO $2,282,035 - FORM 990 SCHEDULE D PART XII LINE 5: CHANGED FROM $2,290,215 TO $2,282,035