Lifesong for Orphans

The information on this page was last updated 8/3/2022. 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 rating535 of 103415 of 35
Fund acquisition rating443 of 103612 of 35
Resource allocation rating282 of 103612 of 35
Asset utilization rating869 of 103429 of 35

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%5%5%5%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%4%5%5%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
81%96%98%96%97%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
4%7%6%5%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
19%4%2%4%3%2%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%88%89%90%91%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%68%76%86%86%83%
Program output ratio Program output ratio =
Program services /
Total revenue
74%60%67%77%77%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%32%24%14%14%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
15%22%19%12%14%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%5%5%4%4%5%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.180.460.590.720.800.82
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.461.812.212.732.602.56
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.710.841.311.962.082.09
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.5554.5232.4731.1129.4534.77
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.020.030.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.3714.008.895.935.565.57
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%1%1%1%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
67%213%166%138%123%120%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$4,176,900$11,225,226$5,208,927$7,453,828$7,602,179
Receivables, inventories, prepaids$275,720$221,613$259,445$411,419$180,170
Short-term investments$18,884,390$3,493,042$4,167,748$1,005,487$0
Other current assets$0$0$0$0$0
Total current assets$23,337,010$14,939,881$9,636,120$8,870,734$7,782,349
Long-term investments$1,285,829$1,393,845$1,434,421$1,436,123$754,147
Fixed assets$17,079,405$15,721,995$14,813,094$12,753,963$11,241,507
Other long-term assets$624,417$910,941$461,608$0$123,123
Total long-term assets$18,989,651$18,026,781$16,709,123$14,190,086$12,118,777
Total assets$42,326,661$32,966,662$26,345,243$23,060,820$19,901,126
 
Liabilities20212020201920182017
Payables and accrued expenses$428,006$460,052$309,711$301,251$223,843
Other current liabilities$0$0$0$0$0
Total current liabilities$428,006$460,052$309,711$301,251$223,843
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$81,441
Total long-term liabilities$0$0$0$0$81,441
Total liabilities$428,006$460,052$309,711$301,251$305,284
 
Net assets20212020201920182017
Without donor restrictions$24,620,761$21,511,669$16,994,544$14,689,805$11,800,780
With donor restrictions$17,277,894$10,994,941$9,040,988$8,069,764$7,795,062
Net assets$41,898,655$32,506,610$26,035,532$22,759,569$19,595,842
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$27,804,328$25,258,822$21,141,814$20,918,652$19,146,633
Program service revenue$925,219$741,425$685,091$536,769$343,143
Membership dues$0$0$0$0$0
Investment income$208,288($114,352)$194,269$126,495$80,582
Other revenue($49,585)($12,984)$22,415$43,761$876
Total other revenue$1,083,922$614,089$901,775$707,025$424,601
Total revenue$28,888,250$25,872,911$22,043,589$21,625,677$19,571,234
 
Expenses20212020201920182017
Program services$17,301,922$17,434,984$17,028,047$16,757,448$14,610,050
Management and general$1,056,666$930,085$831,230$794,581$739,888
Fundraising$1,276,610$1,190,036$1,025,017$941,794$925,532
Total expenses$19,635,198$19,555,105$18,884,294$18,493,823$16,275,470
 
Change in net assets20212020201920182017
Surplus (deficit)$9,253,052$6,317,806$3,159,295$3,131,854$3,295,764
Other changes in net assets$0$0$0$0$0
Total change in net assets$9,253,052$6,317,806$3,159,295$3,131,854$3,295,764

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 8/3/2022. To update the information below, please email: [email protected]


History


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