Better Business Bureau Report for
LifeNets International

Better Business Bureau Report issued June 2011
Better Business Bureau Report expires June 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: LifeNets International
Address: 3707 Turfway Court
  Indianapolis, IN 46228
Phone: 317-216-0802
Web Address: www.lifenets.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1999, Indiana
Affiliates: None
Stated Purpose: The mission of LifeNets is to: help people in need; promote self-sufficiency; and where possible, enable recipients to pass their benefit on to others.

Back To Top

Evaluation Conclusions

               

LifeNets International meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

Developing Nations Scholarship Program The Wheelchair Project Working with Children?s? Rehabilitation Center in Ukraine Supporting two Health Clinics in Malawi Livelihood Development in Central America and Africa Cattle restoration in Zambia Street Children in Ukraine Two rehabilitation centers in Jordan

For the fiscal year ended December 31, 2010, LifeNets International's program expenses were:

  
Total Program Expenses: $
Back To Top

Governance

               

Chief Executive : Vic Kubik, President
Compensation*:

Chair of the Board: Tom Peine
Chair's Profession / Business Affiliation: Vice President Peine Engineering

Board Size: 6

Paid Staff Size: 2

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

direct mail, grant proposals
Back To Top

Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

               

The following information is based on LifeNets International's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions 475,564
Investment income 691
Total Income $476,255


chart



Uses of Funds as a % of Total Expenses

Programs: 92%  Fund Raising: 1%  Administrative: 7% 

Total income   $476,255
  Program expenses $387,847
  Fund raising expenses 4,210
  Administrative expenses 29,039
 
Total expenses   $421,096
Income in Excess of Expenses   55,159
Beginning net assets   236,644
Ending net assets   291,803
Total liabilities   207
Total assets   $292,010


Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity