Nonprofit · EIN 45-2645951
LIFECYCLE BUILDING CENTER INC
Tax-exempt (reinstated) · ATLANTA, GA 30357
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $889,434 | $1,053,820 | -$164,386 | $4,142,646 | $623,450 | $3,519,196 |
| December 31, 2023 | 990 | $1,047,120 | $1,260,878 | -$213,758 | $4,342,706 | $659,124 | $3,683,582 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $882,971
- of which government grants
- $70,000
- Program service revenue
- $12,300
- Investment income
- $9,541
- Net income from fundraising events
- -$15,378
- Other revenue
- -$15,378
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,000
- Other salaries and wages
- $396,380
- Salaries, compensation and benefits (total)
- $523,327
- Professional fundraising fees
- $0
- Accounting fees
- $13,808
- Occupancy
- $38,058
- Travel
- $9,334
- Depreciation
- $132,052
- Program services (functional)
- $867,528
- Management and general (functional)
- $167,544
- Fundraising (functional)
- $18,748
Balance sheet and other
- Total assets, start of year
- $4,342,706
- Total assets, end of year
- $4,142,646
- Total liabilities, end of year
- $623,450
- Net assets, end of year
- $3,519,196
- Land, buildings and equipment
- $3,618,305
- Net assets without donor restrictions
- $3,285,848
- Net assets with donor restrictions
- $233,348
- Gross receipts
- $1,338,432
- Employees
- 10
- Volunteers
- 90
- Year formed
- 2011
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANNON GOODMAN | EXECUTIVE DIRECTOR Officer, Key employee | 50 | $85,000 |
| FELICIA MCDADE | BOARD MEMBER Trustee or director | 2 | $0 |
| JAY MCGINNITY | BOARD MEMBER Trustee or director | 2 | $0 |
| FRANK BURDETTE | BOARD MEMBER Trustee or director | 2 | $0 |
| JIMMY MITCHELL | BOARD CHAIR Trustee or director | 5 | $0 |
| REED THOMAS | BOARD MEMBER Trustee or director | 2 | $0 |
| JAY BASSETT | BOARD MEMBER Trustee or director | 2 | $0 |
| ALEXANDRA KIRK | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN SPINRAD | BOARD MEMBER Trustee or director | 2 | $0 |
| GEOFF GOBER | BOARD MEMBER Trustee or director, Officer | 2 | $0 |
| CARL SEVILLE | BOARD MEMBER Trustee or director | 2 | $0 |
| STANTON STAFFORD | BOARD MEMBER Trustee or director | 2 | $0 |
| ERICA STEN | BOARD MEMBER Trustee or director | 2 | $0 |
| FRED STEVENS | BOARD MEMBER Trustee or director | 2 | $0 |
| KIMBERLY WHITE | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REED THOMAS | BOARD MEMBER Trustee or director | 2 | $0 |
| JIMMY MITCHELL | BOARD MEMBER PAST CHAIR Trustee or director | 2 | $0 |
| JAY BASSETT | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN SPINRAD | BOARD MEMBER Trustee or director | 2 | $0 |
| ALEXANDRA KIRK | BOARD MEMBER Trustee or director | 2 | $0 |
| JAY MCGINNITY | BOARD MEMBER Trustee or director | 2 | $0 |
| FELICIA MCDADE | BOARD MEMBER Trustee or director | 2 | $0 |
| FRANK BURDETTE | BOARD MEMBER Trustee or director | 2 | $0 |
| ALAN SCOGGINS | BOARD MEMBER Trustee or director | 2 | $0 |
| GEOFF GOBER | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
| SHANNON GOODMAN | EXECUTIVE DIRECTOR Officer, Key employee | 50 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 570244, ATLANTA, GA 30357-3104
- In care of
- % SHANNON GOODMAN
- Principal officer (990 for 2024)
- SHANNON GOODMAN, P O BOX 570244, ATLANTA, GA 30357
- Signed the 990
- SHANNON GOODMAN, EXECUTIVE DIRECTOR
- Phone
- (404) 997-3873
- Return prepared by
- Susan K Miller CPA LLC
Mission
STRENGTHENING COMMUNITIES THOUGH BUILDING MATERIAL REUSE
Program accomplishments
- LIFECYCLE BUILDING CENTERS MATERIAL REUSE CENTER PROVIDES AFFORDABLE, RECLAIMED BUILDING MATERIALS, WITH PRIORITY GIVEN TO RESIDENTS, BUSINESSES AND NONPROFITS IN LOW-INCOME COMMUNITIES NEAR LBCS FACILITY IN SOUTHWEST ATLANTA. SINCE BEGINNING OPERATIONS IN 2011, LBC HAS SAVED 13.5 MILLION POUNDS OF USABLE BUILDING MATERIALS FROM DISPOSAL AND CREATED $6.7 MILLION IN COMMUNITY SAVINGS THROUGH DEEP DISCOUNTS ON BUILDING MATERIALS AND 510 IN-KIND MATERIAL GRANTS TO 420 NONPROFIT ORGANIZATIONS. THE CENTER IS OPEN 5 DAYS PER WEEK, TUESDAY THROUGH SATURDAY, AND VISITORS CAN DROP OFF MATERIAL DONATIONS DURING BUSINESS HOURS. THE CENTER HOUSES SALVAGED MATERIALS SUCH AS DOORS, WINDOWS, CABINETS, HARDWARE, FLOORING, APPLIANCES, PLUMBING, LIGHTING, LUMBER, ARCHITECTURAL COMPONENTS AND MORE. IN 2024, LBC SAVED OVER 790,000 POUNDS OF MATERIAL FROM DISPOSAL AND GENERATED OVER $600,000 IN MATERIAL COST SAVINGS. LBCS 2025 GOAL IS TO SAVE 1.1 MILLION POUNDS OF MATERIAL.Expenses $487,547 · revenue $481,151
- PROVIDE DECONSTRUCTION SVCS TO MAXIMIZE THE AMT. OF USABLE BLDG MATERIALS RECOVERED FOR REUSE AS AN ALTERNATIVE TO DEMOLITION. DECONSTRUCTION IS THE PRACTICE OF DISASSEMBLING A BUILDINGS COMPONENTS SO BLDG MATERIALS CAN BE REUSED. DECONSTRUCTION CAN ALSO SERVE AS A SUSTAINABLE CAREER PATH FOR AT-RISK INDIVIDUALS. BETWEEN 2016-2020, LBC PROVIDED DECONSTRUCTION TRAINING TO 60 MEN TRANSITIONING FROM HOMELESSNESS AND INCARCERATION. IN 2023, LBC LAUNCHED A WORKFORCE TRAINING PROGRAM CALLED BREAKING BARRIERS THROUGH DECONSTRUCTION USING AN ASSET-BASED COMMUNITY DEVELOPMENT APPROACH WITH OUR REBUILDATL COALITION PARTNERS. (SEE LIFECYCLEBUILDINGCENTER.ORG/REBUILDATL) BREAKING BARRIERS IS DESIGNED TO TRAIN 20 INDIVIDUALS EACH YEAR IN DECONSTRUCTION, CONSTRUCTION, WEATHERIZATION AND ENERGY-EFFICIENCY, AND CONNECTS THEM WITH EMPLOYMENT OPPORTUNITIES. (SEE VIMEO.COM/XXX-XX-XXXX)Expenses $306,193
- PROVIDE ASSISTANCE TO QUALIFYING NONPROFITS THROUGH IN-KIND BLDG MATERIAL DONATIONS TO LOWER THE COST OF THEIR CONSTRUCTION PROJECTS. LBC HAS AWARDED 510 BUILDING MATERIAL GRANTS TO 420 NFP ORGANIZATIONS SINCE 2011. IN 2024, LBC AWARDED OVER $182,000 IN MATERIAL GRANTS TO 55 ORGANIZATIONS, WITH PRIORITY GIVEN TO ORGS SERVING SOUTHWEST AND WESTSIDE ATLANTA COMMUNITIES, AND NONPROFITS WHO ARE BUILDING AFFORDABLE HOUSING. GRANT RECIPIENTS INCLUDE ATLANTA BELTLINE PARTNERSHIP, ATLANTA LAND TRUST, BIG BROTHERS BIG SISTERS OF METRO ATLANTA, BOYS & GIRLS CLUB, FOOD WELL ALLIANCE, GEORGIA TRUST FOR HISTORIC PRESERVATION, GROVE PARK FOUNDATION, HABITAT FOR HUMANITY, HOLLIS INNOVATION ACADEMY, HOMEAID ATLANTA, HOSEA FEED THE HUNGRY, NICHOLAS HOUSE, PARTNERSHIP FOR SOUTHERN EQUITY, REBUILDING TOGETHER ATL, SOUTHFACE INSTITUTE, THE STONEHAVEN SCHOOL, TREES ATLANTA, UNITED WAY, WEST ATL WATERSHED ALLIANCE AND WESTSIDE FUTURE FUND.Expenses $73,788
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2645951
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K99)
- Assets (IRS master file)
- $4,142,646
- Income (IRS master file)
- $1,338,432
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- September 8, 2014
- Reinstated
- Effective September 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $889,434 | $1,053,820 | $4,142,646 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,047,120 | $1,260,878 | $4,342,706 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,715,414 | $1,083,593 | $4,793,907 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2645951).
Questions about LIFECYCLE BUILDING CENTER INC
- What is the EIN of LIFECYCLE BUILDING CENTER INC?
- The employer identification number (EIN) of LIFECYCLE BUILDING CENTER INC is 45-2645951.
- Is LIFECYCLE BUILDING CENTER INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective September 15, 2014.
- Are donations to LIFECYCLE BUILDING CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFECYCLE BUILDING CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIFECYCLE BUILDING CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIFECYCLE BUILDING CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIFECYCLE BUILDING CENTER INC?
- The 990 for the year ended December 31, 2024 names SHANNON GOODMAN.
- Who are the officers and directors of LIFECYCLE BUILDING CENTER INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $85,000 (SHANNON GOODMAN, EXECUTIVE DIRECTOR).
- How much revenue does LIFECYCLE BUILDING CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $889,434, expenses of $1,053,820 and total assets of $4,142,646 at year end.
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