Life Network

The information on this page was last updated 1/8/2024. If you see errors or omissions, please email: [email protected]


Summary

Life Network operates three pregnancy centers that provide a holistic approach to valuing life.


Contact information

Mailing address:
Life Network
3700 Galley Rd
Colorado Springs, CO 80909

Website: elifenetwork.org

Phone: 719-591-2609

Email: [email protected]


Organization details

EIN: 840970592

CEO/President: Rich Bennett

Chairman: Derek Hanson

Board size: 11

Founder:

Ruling year: 1986

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

Our ministry approach is to provide:
Prevention - Ensuring students and youth in our community know their value and make healthy relationship decisions that protect that value.

Intervention - Meeting women and men facing unplanned pregnancies in their time of need through providing free medical services, options counseling and further support.

Transformation - Providing vital support through parenting education and mentorship, healing for the post-abortive through group Bible studies and sharing the transformational love of Christ.


Mission statement

The mission of Life Network is to cultivate a community that values life through the love of Christ.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Pro-Life

CategoryRatingOverall rankSector rank
Overall efficiency rating617 of 111016 of 31
Fund acquisition rating441 of 111111 of 31
Resource allocation rating522 of 111114 of 31
Asset utilization rating800 of 111022 of 31

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%8%12%14%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%8%12%14%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%104%106%100%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%12%12%17%16%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%-4%-6%0%1%1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%82%80%74%74%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%66%66%71%86%88%
Program output ratio Program output ratio =
Program services /
Total revenue
75%54%52%53%64%66%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%34%34%29%14%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%32%42%45%26%26%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%7%8%9%10%9%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.960.550.680.800.960.93
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.581.521.531.461.952.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.831.041.171.882.03
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.8314.3114.4016.6813.0210.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.070.070.060.080.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.2413.3810.759.625.885.35
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
18%14%14%29%42%50%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%10%24%38%46%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
93%156%126%89%60%53%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$3,659,376$2,432,115$1,778,754$859,952$587,205
Receivables, inventories, prepaids$287,867$226,470$166,864$121,866$172,117
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,947,243$2,658,585$1,945,618$981,818$759,322
Long-term investments$0$0$0$0$0
Fixed assets$1,473,028$1,399,505$870,400$911,028$893,648
Other long-term assets$560,825$0$25,000$25,000$0
Total long-term assets$2,033,853$1,399,505$895,400$936,028$893,648
Total assets$5,981,096$4,058,090$2,841,018$1,917,846$1,652,970
 
Liabilities20222021202020192018
Payables and accrued expenses$275,757$184,617$114,998$75,425$70,825
Other current liabilities$0$0$1,650$0$0
Total current liabilities$275,757$184,617$116,648$75,425$70,825
Debt$0$396,114$693,129$726,787$759,950
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$560,267$0$1,093$2,404$3,716
Total long-term liabilities$560,267$396,114$694,222$729,191$763,666
Total liabilities$836,024$580,731$810,870$804,616$834,491
 
Net assets20222021202020192018
Without donor restrictions$5,145,072$3,391,746$1,904,368$1,057,360$675,083
With donor restrictions$0$85,613$125,780$55,870$143,396
Net assets$5,145,072$3,477,359$2,030,148$1,113,230$818,479
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$5,173,435$4,479,110$3,195,672$2,118,528$1,738,110
Program service revenue$48,564$47,191$5,171$645$0
Membership dues$0$0$0$0$0
Investment income($151)($3,906)$821$1,588$1,319
Other revenue($262,145)($314,326)($2,711)$23,012$20,837
Total other revenue($213,732)($271,041)$3,281$25,245$22,156
Total revenue$4,959,703$4,208,069$3,198,953$2,143,773$1,760,266
 
Expenses20222021202020192018
Program services$2,687,732$2,207,212$1,680,325$1,369,748$1,168,316
Management and general$214,046$212,319$202,566$178,892$136,397
Fundraising$390,212$341,327$399,144$300,382$238,769
Total expenses$3,291,990$2,760,858$2,282,035$1,849,022$1,543,482
 
Change in net assets20222021202020192018
Surplus (deficit)$1,667,713$1,447,211$916,918$294,751$216,784
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,667,713$1,447,211$916,918$294,751$216,784

Compensation

NameTitleCompensation
Rich BennettPresident/CEO$184,494

Compensation data as of: 12/31/2022


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 1/8/2024. To update the information below, please email: [email protected]


History

1983: Doors Open
Life Network's mission to value life and transform lives began in 1983, when we opened the doors of our first center. At that time, the 1973 Roe v. Wade decision, which legalized abortion on demand for any reason at any stage of development, had been in place for a decade. Both the population, and abortions, were steadily escalating in Colorado Springs.

Colorado Springs Pregnancy Center is Formed
Known then as Bethany Crisis Pregnancy Services, our first office was located in Village 7 Presbyterian Church. Individuals from Village 7 and other local churches provided financial support and volunteers. One year later, that little center had served 350 young women.

The name changed to Colorado Springs Pregnancy Center (CSPC) in 1987 to better reflect its mission, and that remains the name for both of Life Network's pregnancy centers today. As the ministry grew over the next several years, new programs were developed to more effectively meet patients' needs.

A few years after the pregnancy center opened, shepherding homes were established for expectant mothers in need of housing. Later, an additional home opened for single moms and their children, helping them to achieve independence once they left their shepherding home. As similar programs developed within the community, the CSPC decided to refer clients to these already-established programs. Ultimately, the home was sold, and its sale enabled the ministry to purchase the building that the Galley Road CSPC resides in today.

Beginning New Programs
In 1987, growing rates of premarital sex and teen pregnancy led to the development of a prevention program, now known as Education for a Lifetime (EFL). Initially funded through government and private grants, this program is now in every school district in the city, serves more than 6,000 students annually, and is funded almost entirely through the generosity of donors and local churches.

A program to address the painful reality and devastating impact of a man or woman's past abortion also was started. Today, that Post-Abortion Counseling and Education (PACE) program is known as Bridges of Hope, which offers hope and healing in the context of a community of other women and men dealing with the pain of their past abortions.

In 2004, LifeSteps, an 'Earn While You Learn' parenting education program, was created to help meet the material needs of clients while developing their parenting skills. Participants watch videos, attend classes, and complete homework assignments to earn credits to be exchanged in the Baby Boutique - a free clothing closet. Not only does this help strengthen their role as a parent, it provides the opportunity for long-term mentoring relationships to develop with staff and volunteers. Later, Men's Services was added as a complementary ministry with a dedicated Fatherhood mentoring program to empower new fathers.

Life Network is Born
As this life-changing ministry continued to grow, leadership prayerfully reviewed the purpose and direction of the ministry. Their conclusion? The Colorado Springs Pregnancy Center was not solely a pregnancy center with other ministries attached, but rather a life-affirming ministry that includes life-impacting outreaches. The name Life Network was adopted as an umbrella to better embrace the fullness of the ministry accomplished each day. The Colorado Springs Pregnancy Center name and ministry continue as before; but now under the Life Network umbrella, Education for a Lifetime, Bridges of Hope, and LifeSteps provide hope, education, encouragement, and healing to many.

In October 2019, we added the Life Network Family Thrift Store to our network. Located centrally at 5406 N Academy Blvd, the Thrift Store provides the Colorado Springs thrifting community with quality items at a great price - and the proceeds go back to support the Colorado Springs Pregnancy Centers and our other life-affirming outreaches. Moms and dads participating in the LifeSteps and Fatherhood parenting education programs also now have the opportunity to earn gift cards to the Family Thrift Store to supplement the donated items they receive from the Baby Boutique.

Hopeful for the future
In spring 2021, our life-affirming outreach expanded further to Fountain Valley with the opening of our third pregnancy center! Thanks to the support of generous donors, we were able to purchase the building at 97 Widefield Blvd and open this new pregnancy center 100% debt free. We look forward with anticipation to how God will use this new center to transform the lives of many more moms, dads, babies and families in the Fountain Valley region in the years to come.

As we look ahead to the future, Life Network hopes to continue to expand our mission to cultivate a community that values life in Colorado Springs. We thank you for your partnership in our mission!


Program accomplishments

Over the past year at Life Network, we have seen:
87% chose life after ultrasound
344 babies saved
69 decisions for Christ


Needs