Lifesong for Orphans

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/26/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Lifesong seeks to mobilize the Church to care for the orphan, where each member can provide a unique and special service: some to adopt, some to care, some to give. 100% of all donations to Lifesong for Orphans will go to caring for orphans (no administrative costs will be deducted).


Contact information

Mailing address:
Lifesong for Orphans
PO Box 9
Gridley, IL 61744

Website: lifesong.org

Phone: 309-747-4527

Email: info@lifesongfororphans.org


Organization details

EIN: 351902841

CEO/President: Gary Ringger

Chairman: Gary Ringger

Board size: 7

Founder: Gary Ringger

Year founded: 1994

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2007


Purpose

Every Child We Serve Will: 1. Not want for food, clothing, medical care, or shelter 2. Be taught the Gospel and how to live as followers of Jesus Christ 3. Receive a quality education to provide a foundation for their future 4. Experience continued love and support as they transition into adult living.


Mission statement

Our mission is to bring joy and purpose to orphans.


Statement of faith

The Bible is the inspired and infallible Word of God to man. There is one eternal God, the Creator of all things, who exists in three persons: the Father, the Son, and the Holy Spirit. Jesus Christ, the Son of God, was conceived by the Holy Spirit, born of the Virgin Mary, and lived a sinless life. Man was created in God's image, but by man's transgression became separated from God. Man is justified by faith, by the shed blood of Jesus Christ on Calvary's cross, His death, and His resurrection from the grave. The Holy Spirit resides in the hearts of true believers and is evidenced by a spiritual rebirth, reconciliation with God, and obedience to God's Word. Both the saved and the lost will be resurrected; the saved unto eternal life and the lost unto eternal damnation. God is the creator of all life, including the unborn; all life is precious in His sight. God designed marriage to be between a man and a woman united in a lifelong union.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Adoption/Foster Care

CategoryRatingOverall rankSector rank
Overall efficiency rating151 of 8173 of 19
Fund acquisition rating92 of 8173 of 19
Resource allocation rating84 of 8173 of 19
Asset utilization rating580 of 81713 of 19

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%5%5%5%5%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%5%4%5%5%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
52%96%97%98%98%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%5%6%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
48%4%3%2%2%2%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%90%91%90%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%86%86%83%88%85%
Program output ratio Program output ratio =
Program services /
Total revenue
77%77%77%75%79%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%14%14%17%12%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%12%14%17%12%16%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%4%4%5%5%5%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.200.720.800.820.880.88
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.402.732.602.562.112.13
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
3.081.962.082.091.851.86
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.2531.1129.4534.7753.8191.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.310.030.030.030.020.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
2.755.935.565.576.356.37
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
22%1%1%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
47%138%123%120%112%112%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$5,208,927$7,453,828$7,602,179$7,442,499$6,695,839
Receivables, inventories, prepaids$259,445$411,419$180,170$394,091$127,594
Short-term investments$4,167,748$1,005,487$0$0$0
Other current assets$0$0$0$0$0
Total current assets$9,636,120$8,870,734$7,782,349$7,836,590$6,823,433
Long-term investments$1,434,421$1,436,123$754,147$196,266$255,845
Fixed assets$14,813,094$12,753,963$11,241,507$8,358,531$7,212,805
Other long-term assets$461,608$0$123,123$152,635$213,449
Total long-term assets$16,709,123$14,190,086$12,118,777$8,707,432$7,682,099
Total assets$26,345,243$23,060,820$19,901,126$16,544,022$14,505,532
 
Liabilities20192018201720162015
Payables and accrued expenses$309,711$301,251$223,843$145,622$74,767
Other current liabilities$0$0$0$0$0
Total current liabilities$309,711$301,251$223,843$145,622$74,767
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$81,441$172,397$223,000
Total long-term liabilities$0$0$81,441$172,397$223,000
Total liabilities$309,711$301,251$305,284$318,019$297,767
 
Net assets20192018201720162015
Unrestricted$16,994,544$14,689,805$11,800,780$8,645,601$7,356,971
Temporarily restricted$9,040,988$8,069,764$7,795,062$7,580,402$6,850,794
Permanently restricted$0$0$0$0$0
Net assets$26,035,532$22,759,569$19,595,842$16,226,003$14,207,765
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$21,141,814$20,918,652$19,146,633$16,235,496$14,706,740
Program service revenue$685,091$536,769$343,143$288,316$270,521
Membership dues$0$0$0$0$0
Investment income$194,269$126,495$80,582($18,059)$26,952
Other revenue$22,415$43,761$876$12,590($10,722)
Total other revenue$901,775$707,025$424,601$282,847$286,751
Total revenue$22,043,589$21,625,677$19,571,234$16,518,343$14,993,491
 
Expenses20192018201720162015
Program services$17,028,047$16,757,448$14,610,050$13,048,541$11,464,824
Management and general$831,230$794,581$739,888$716,023$619,579
Fundraising$1,025,017$941,794$925,532$760,541$633,492
Total expenses$18,884,294$18,493,823$16,275,470$14,525,105$12,717,895
 
Change in net assets20192018201720162015
Surplus (deficit)$3,159,295$3,131,854$3,295,764$1,993,238$2,275,596
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,159,295$3,131,854$3,295,764$1,993,238$2,275,596

Compensation

NameTitleCompensation
N Andrew LehmanVice-President$185,147
Kory KaebVP - Operations$180,289
Richard MetcalfeProgram Director$119,306
Todd BlockOrphan Care$118,500
Shane McBrideOrphan Care$105,294
Gary RinggerPresident (no Salary Received)$25,000

Compensation data as of: 6/30/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/26/2021. To update the information below, please email: info@ministrywatch.com


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