2020-09-25T09:55:19-05:00 2019-12-31 840636698 OSBORNE PARSONS & ROSACKER LLP 601 NORTH NEVADA AVENUE COLORADO SPRINGS CO 80903 990 2019-01-01 840970592 LIFE NETWORK LIFE 7195912609 3700 GALLEY ROAD COLORADO SPRINGS CO 809094446 RICH BENNETT PRESIDENT 7195912609 2020-09-23 1 MITCHELL DOWNS CPA P00831972 7196362321 X 50.243.149.141 2020-09-23 16:13:20 MD P EBD4A180EF1F673367D872C3E1B67070BCA29DE7 026DFEFD229AEAB3A73E82B65B05A0EE0C47974A 2019 2021-01-29 14:40:06Z RICH BENNETT 3700 GALLEY ROAD COLORADO SPRINGS CO 809094446 2367221 0 X WWW.ELIFENETWORK.COM X 1984 CO PROVIDES SUPPORT AND MENTORING FOR PARENTS FACING UNEXPECTED PREGNANCIES AS WELL AS HEALTHY RELATIONSHIPS EDUCATION. 12 12 43 1300 13249 -1542 1738110 2118528 0 645 1319 1588 20837 23012 1760266 2143773 0 0 0 0 950259 1084376 0 0 300382 593223 764646 1543482 1849022 216784 294751 1652970 1917846 834491 804616 818479 1113230 X PROVIDES PHYSICAL, EMOTIONAL AND MATERIAL SUPPORT FOR WOMEN AND MEN FACING UNEXPECTED PREGNANCIES; MENTORING AND COUNSELING FOR NEW PARENTS; POST-ABORTION COUNSEL; AND EDUCATION ON HEALTHY RELATIONSHIPS AND SUICIDE PREVENTION. 1 0 1308250 6162 CLIENT COUNSELING AND ASSISTANCE TO WOMEN IN NEED. LIFE NETWORK ADDRESSED THE NEEDS OF MORE THAN 7,400 CLIENTS AND RECEIVED APPROXIMATELY 10,100 VOLUNTEER HOURS IN 2019. TEEN EDUCATION PROGRAMS: LIFE NETWORK REACHED AN ESTIMATED 8,200 STUDENTS WITH RELATIONSHIPS, HEALTHY SEXUALITY EDUCATION, AND SUICIDE PREVENTION MESSAGES. 61498 -2193 THE VISION FOR THE LIFE NETWORK FAMILY THRIFT STORE IS TO EXPAND OUR IMPACT TO CLIENTS AS WELL AS THE GREATER COLORADO SPRINGS COMMUNITY. THE THRIFT STORE NOT ONLY PROVIDES QUALITY AFFORDABLE GOODS TO OUR CLIENTS AND COMMUNITY MEMBERS, BUT ALSO WILL PROVIDE PROCEEDS THAT BENEFIT THE MINISTRY OF LIFE NETWORK THROUGH OUR OTHER OUTREACHES. THE FAMILY THRIFT STORE IS MADE POSSIBLE THROUGH DONATED ITEMS FROM OUR SUPPORTERS AND THE PUBLIC, AND THE WORK OF MANY VOLUNTEERS. 1369748 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 21 0 1 43 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 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 DR KEVIN WEARY DIRECTOR 1.00 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 114556 0 3572 114556 0 3572 1 0 0 0 0 568072 1550456 193706 2118528 PROGRAM SERVICE FEES 900099 645 645 645 1588 1588 21150 0 21150 21150 13249 7901 171540 568072 171540 0 48253 51908 -3655 -2193 -1462 OTHER INCOME - REIMBUR 900099 5517 5517 5517 2143773 3969 13249 8027 118128 92140 7088 18900 837691 653399 50262 134030 12676 9887 761 2028 43777 8237 33805 1735 72104 56241 4326 11537 92736 37076 15395 40265 27136 2171 24965 80578 39483 19339 21756 30907 24726 1236 4945 12810 8967 1281 2562 8077 8077 38876 34600 1166 3110 55151 49084 1655 4412 23139 18511 1157 3471 SUPPLIES 177363 154306 3547 19510 FOOD AND HOSPITALITY 106421 14899 2128 89394 EQUIPMENT AND MAINTENAN 95076 75163 6247 13666 DEVELOPMENT AND PUBLIC 44541 37414 2227 4900 -28165 45367 27272 -100804 1849022 1369748 178892 300382 587205 859952 97586 0 65702 109720 8829 12146 1661413 750385 893648 911028 0 25000 1652970 1917846 70825 75425 759950 726787 3716 2404 834491 804616 X 675083 1057360 143396 55870 818479 1113230 1652970 1917846 294751 0 X X 0 1 X 1 0 X 1324709 1394569 1595712 1738110 2122816 8175916 1324709 1394569 1595712 1738110 2122816 8175916 449322 7726594 349 357 402 1217 1588 3913 732 732 3552 1777 5517 10846 8191407 70048 0.94330 0.92970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128196 128196 1303562 589281 714281 229655 161104 68551 911028 CAPITAL LEASE OBLIGATIONS 2404 2404 X 2343541 28228 171540 199768 2143773 0 2143773 2048790 28228 171540 199768 1849022 0 1849022 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, 2019, 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 405936 354905 51031 9259 1108 40663 GALA 333676 213167 120509 720 81993 37797 739612 568072 171540 9979 83101 78460 171540 0 X 193706 FMV 0 0 0 FORM 990, PART III, LINE 2 IN OCTOBER 2019, LIFE NETWORK OPENED THE LIFE NETWORK FAMILY THRIFT STORE. SEE PART III, LINE 4B. 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