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 rating197 of 9138 of 24
Fund acquisition rating135 of 9154 of 24
Resource allocation rating145 of 9157 of 24
Asset utilization rating634 of 91317 of 24

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%5%5%5%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%5%5%4%5%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
56%98%96%97%98%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%6%5%5%6%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
44%2%4%3%2%2%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%89%90%91%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%76%86%86%83%88%
Program output ratio Program output ratio =
Program services /
Total revenue
77%67%77%77%75%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%24%14%14%17%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%19%12%14%17%12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%5%4%4%5%5%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.830.590.720.800.820.88
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.122.212.732.602.562.11
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.161.311.962.082.091.85
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.6632.4731.1129.4534.7753.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.270.030.030.030.030.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.838.895.935.565.576.35
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
22%1%1%1%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
75%166%138%123%120%112%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$11,225,226$5,208,927$7,453,828$7,602,179$7,442,499
Receivables, inventories, prepaids$221,613$259,445$411,419$180,170$394,091
Short-term investments$3,493,042$4,167,748$1,005,487$0$0
Other current assets$0$0$0$0$0
Total current assets$14,939,881$9,636,120$8,870,734$7,782,349$7,836,590
Long-term investments$1,393,845$1,434,421$1,436,123$754,147$196,266
Fixed assets$15,721,995$14,813,094$12,753,963$11,241,507$8,358,531
Other long-term assets$910,941$461,608$0$123,123$152,635
Total long-term assets$18,026,781$16,709,123$14,190,086$12,118,777$8,707,432
Total assets$32,966,662$26,345,243$23,060,820$19,901,126$16,544,022
 
Liabilities20202019201820172016
Payables and accrued expenses$460,052$309,711$301,251$223,843$145,622
Other current liabilities$0$0$0$0$0
Total current liabilities$460,052$309,711$301,251$223,843$145,622
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$81,441$172,397
Total long-term liabilities$0$0$0$81,441$172,397
Total liabilities$460,052$309,711$301,251$305,284$318,019
 
Net assets20202019201820172016
Without donor restrictions$21,511,669$16,994,544$14,689,805$11,800,780$8,645,601
With donor restrictions$10,994,941$9,040,988$8,069,764$7,795,062$7,580,402
Net assets$32,506,610$26,035,532$22,759,569$19,595,842$16,226,003
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$25,258,822$21,141,814$20,918,652$19,146,633$16,235,496
Program service revenue$741,425$685,091$536,769$343,143$288,316
Membership dues$0$0$0$0$0
Investment income($114,352)$194,269$126,495$80,582($18,059)
Other revenue($12,984)$22,415$43,761$876$12,590
Total other revenue$614,089$901,775$707,025$424,601$282,847
Total revenue$25,872,911$22,043,589$21,625,677$19,571,234$16,518,343
 
Expenses20202019201820172016
Program services$17,434,984$17,028,047$16,757,448$14,610,050$13,048,541
Management and general$930,085$831,230$794,581$739,888$716,023
Fundraising$1,190,036$1,025,017$941,794$925,532$760,541
Total expenses$19,555,105$18,884,294$18,493,823$16,275,470$14,525,105
 
Change in net assets20202019201820172016
Surplus (deficit)$6,317,806$3,159,295$3,131,854$3,295,764$1,993,238
Other changes in net assets$0$0$0$0$0
Total change in net assets$6,317,806$3,159,295$3,131,854$3,295,764$1,993,238

Compensation

NameTitleCompensation
N Andrew LehmanVice-President$192,224
Kory KaebVP - Operations$166,513
Richard MetcalfeProgram Director$121,824
Andrew GerberDevelopment Officer$118,001
Todd BlockOrphan Care$106,950
Kyle HangartnerController$106,575
Gary RinggerPresident No Salary Received$25,000

Compensation data as of: 6/30/2020


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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