Lifesong for Orphans

The information on this page was last updated 5/19/2023. If you see errors or omissions, please email: [email protected]


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.

With caring people like you and church partnerships, we support children through global orphan care ministries, Christian adoptive families, and foster care initiatives.


Contact information

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

Website: lifesong.org

Phone: 309-747-4527

Email: [email protected]


Organization details

EIN: 351902841

CEO/President: Gary Ringger

Chairman: Rod Brenneman

Board size: 8

Founder: Gary Ringger

Ruling year: 1994

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2007


Purpose

Every Child We Serve Will:

Be taught the Gospel and how to live as followers of Jesus Christ

Not want for food, clothing, medical care, or shelter

Receive a quality education to provide a foundation for their future

Experience continued love and support as they transition into adult living


Mission statement

Our mission is bringing 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.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Adoption/Foster Care

CategoryRatingOverall rankSector rank
Overall efficiency rating335 of 111211 of 32
Fund acquisition rating177 of 11136 of 32
Resource allocation rating160 of 11133 of 32
Asset utilization rating975 of 111226 of 32

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%4%3%5%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%3%3%4%5%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
60%88%96%96%98%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
4%4%5%7%6%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
40%12%4%4%2%4%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%94%91%88%89%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
101%81%66%68%76%86%
Program output ratio Program output ratio =
Program services /
Total revenue
85%76%60%60%67%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
-1%19%34%32%24%14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%12%25%22%19%12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%2%4%5%5%4%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.040.510.490.460.590.72
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.801.851.812.212.73
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.740.920.910.841.311.96
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.5460.05133.0454.5232.4731.11
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.010.020.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.4112.8213.1014.008.895.93
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%1%1%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%1%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%193%202%213%166%138%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$4,950,513$5,811,449$4,176,900$11,225,226$5,208,927
Receivables, inventories, prepaids$1,940,377$443,526$275,720$221,613$259,445
Short-term investments$28,020,940$23,497,203$18,884,390$3,493,042$4,167,748
Other current assets$0$0$0$0$0
Total current assets$34,911,830$29,752,178$23,337,010$14,939,881$9,636,120
Long-term investments$4,360,614$4,306,492$1,285,829$1,393,845$1,434,421
Fixed assets$22,765,309$20,407,989$17,079,405$15,721,995$14,813,094
Other long-term assets$712,498$604,467$624,417$910,941$461,608
Total long-term assets$27,838,421$25,318,948$18,989,651$18,026,781$16,709,123
Total assets$62,750,251$55,071,126$42,326,661$32,966,662$26,345,243
 
Liabilities20232022202120202019
Payables and accrued expenses$581,426$223,641$428,006$460,052$309,711
Other current liabilities$0$0$0$0$0
Total current liabilities$581,426$223,641$428,006$460,052$309,711
Debt$2,640$305,000$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$2,640$305,000$0$0$0
Total liabilities$584,066$528,641$428,006$460,052$309,711
 
Net assets20232022202120202019
Without donor restrictions$32,881,200$29,118,301$24,620,761$21,511,669$16,994,544
With donor restrictions$29,284,985$25,424,184$17,277,894$10,994,941$9,040,988
Net assets$62,166,185$54,542,485$41,898,655$32,506,610$26,035,532
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$35,039,526$39,115,232$27,804,328$25,258,822$21,141,814
Program service revenue$2,252,553$1,207,516$925,219$741,425$685,091
Membership dues$0$0$0$0$0
Investment income$2,512,638$458,235$208,288($114,352)$194,269
Other revenue$1,909($25,346)($49,585)($12,984)$22,415
Total other revenue$4,767,100$1,640,405$1,083,922$614,089$901,775
Total revenue$39,806,626$40,755,637$28,888,250$25,872,911$22,043,589
 
Expenses20232022202120202019
Program services$30,324,170$24,504,773$17,301,922$17,434,984$17,028,047
Management and general$513,071$1,211,601$1,056,666$930,085$831,230
Fundraising$1,306,670$1,338,115$1,276,610$1,190,036$1,025,017
Total expenses$32,143,911$27,054,489$19,635,198$19,555,105$18,884,294
 
Change in net assets20232022202120202019
Surplus (deficit)$7,662,715$13,701,148$9,253,052$6,317,806$3,159,295
Other changes in net assets$0$0$0$0$0
Total change in net assets$7,662,715$13,701,148$9,253,052$6,317,806$3,159,295

Compensation

NameTitleCompensation
N Andrew LehmanVice-President$234,604
Kory KaebVP - Operations$213,403

Compensation data as of: 6/30/2023


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 5/19/2023. To update the information below, please email: [email protected]


History


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