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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Pro-Life
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 567 of 1104 | 16 of 30 |
| Fund acquisition rating | | 397 of 1105 | 10 of 30 |
| Resource allocation rating | | 519 of 1105 | 14 of 30 |
| Asset utilization rating | | 766 of 1104 | 23 of 30 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | 93% | 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 | 7% | -4% | -6% | 0% | 1% | 1% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 82% | 80% | 74% | 74% | 76% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 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 | 5% | 34% | 34% | 29% | 14% | 12% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.99 | 0.55 | 0.68 | 0.80 | 0.96 | 0.93 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.62 | 1.52 | 1.53 | 1.46 | 1.95 | 2.18 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.57 | 0.83 | 1.04 | 1.17 | 1.88 | 2.03 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.57 | 14.31 | 14.40 | 16.68 | 13.02 | 10.72 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.07 | 0.07 | 0.06 | 0.08 | 0.09 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.25 | 13.38 | 10.75 | 9.62 | 5.88 | 5.35 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 16% | 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 | 89% | 156% | 126% | 89% | 60% | 53% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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
| Name | Title | Compensation |
| Rich Bennett | President/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