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 rating430 of 110213 of 33
Fund acquisition rating142 of 11036 of 33
Resource allocation rating378 of 11036 of 33
Asset utilization rating940 of 110229 of 33

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%3%5%5%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%3%4%5%5%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
63%96%96%98%96%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
4%5%7%6%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
37%4%4%2%4%3%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%91%88%89%90%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%66%68%76%86%86%
Program output ratio Program output ratio =
Program services /
Total revenue
84%60%60%67%77%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%34%32%24%14%14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%25%22%19%12%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%4%5%5%4%4%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.950.490.460.590.720.80
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.341.851.812.212.732.60
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.390.910.841.311.962.08
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.31133.0454.5232.4731.1129.45
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.020.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.7113.1014.008.895.935.56
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%1%1%1%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%1%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%202%213%166%138%123%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$5,811,449$4,176,900$11,225,226$5,208,927$7,453,828
Receivables, inventories, prepaids$443,526$275,720$221,613$259,445$411,419
Short-term investments$23,497,203$18,884,390$3,493,042$4,167,748$1,005,487
Other current assets$0$0$0$0$0
Total current assets$29,752,178$23,337,010$14,939,881$9,636,120$8,870,734
Long-term investments$4,306,492$1,285,829$1,393,845$1,434,421$1,436,123
Fixed assets$20,407,989$17,079,405$15,721,995$14,813,094$12,753,963
Other long-term assets$604,467$624,417$910,941$461,608$0
Total long-term assets$25,318,948$18,989,651$18,026,781$16,709,123$14,190,086
Total assets$55,071,126$42,326,661$32,966,662$26,345,243$23,060,820
 
Liabilities20222021202020192018
Payables and accrued expenses$223,641$428,006$460,052$309,711$301,251
Other current liabilities$0$0$0$0$0
Total current liabilities$223,641$428,006$460,052$309,711$301,251
Debt$305,000$0$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$305,000$0$0$0$0
Total liabilities$528,641$428,006$460,052$309,711$301,251
 
Net assets20222021202020192018
Without donor restrictions$29,118,301$24,620,761$21,511,669$16,994,544$14,689,805
With donor restrictions$25,424,184$17,277,894$10,994,941$9,040,988$8,069,764
Net assets$54,542,485$41,898,655$32,506,610$26,035,532$22,759,569
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$39,115,232$27,804,328$25,258,822$21,141,814$20,918,652
Program service revenue$1,207,516$925,219$741,425$685,091$536,769
Membership dues$0$0$0$0$0
Investment income$458,235$208,288($114,352)$194,269$126,495
Other revenue($25,346)($49,585)($12,984)$22,415$43,761
Total other revenue$1,640,405$1,083,922$614,089$901,775$707,025
Total revenue$40,755,637$28,888,250$25,872,911$22,043,589$21,625,677
 
Expenses20222021202020192018
Program services$24,504,773$17,301,922$17,434,984$17,028,047$16,757,448
Management and general$1,211,601$1,056,666$930,085$831,230$794,581
Fundraising$1,338,115$1,276,610$1,190,036$1,025,017$941,794
Total expenses$27,054,489$19,635,198$19,555,105$18,884,294$18,493,823
 
Change in net assets20222021202020192018
Surplus (deficit)$13,701,148$9,253,052$6,317,806$3,159,295$3,131,854
Other changes in net assets$0$0$0$0$0
Total change in net assets$13,701,148$9,253,052$6,317,806$3,159,295$3,131,854

Compensation

NameTitleCompensation
N Andrew LehmanVice-President$211,608
Kory KaebVP - Operations$187,675
Todd BlockOrphan Care$154,079
Andrew GerberDevelopment Officer$133,316
Richard MetcalfeProgram Director$128,515
Kyle HangartnerController$112,442
Reed YackleyCreative Director$110,790

Compensation data as of: 6/30/2022


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]


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