Nonprofit · EIN 82-2998509
LIFE READY INC
Tax-exempt · LOUISVILLE, KY 40253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $356,393 | $334,632 | $21,761 | $116,194 | $1,680 | $114,514 |
| December 31, 2023 | 990 | $331,493 | $350,147 | -$18,654 | $98,328 | $5,575 | $92,753 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $287,255
- Program service revenue
- $68,322
- Investment income
- $816
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $83,871
- Other salaries and wages
- $147,730
- Salaries, compensation and benefits (total)
- $249,633
- Professional fundraising fees
- $0
- Accounting fees
- $725
- Occupancy
- $1,800
- Travel
- $2,254
- Program services (functional)
- $228,272
- Management and general (functional)
- $68,897
- Fundraising (functional)
- $37,463
Balance sheet and other
- Total assets, start of year
- $98,328
- Total assets, end of year
- $116,194
- Total liabilities, end of year
- $1,680
- Net assets, end of year
- $114,514
- Net assets without donor restrictions
- $76,758
- Net assets with donor restrictions
- $37,756
- Gross receipts
- $356,393
- Employees
- 6
- Year formed
- 2017
- State of legal domicile
- KY
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 |
|---|---|---|---|
| THOMAS SCOTT | EXECUTIVE DI Trustee or director, Officer | 40 | $83,871 |
| ADAM DENTON | BOARD TREASU Trustee or director, Officer | – | $0 |
| DAVID DYKES | BOARD MEMBER Trustee or director | – | $0 |
| EMILY HAFZIGER | BOARD SECRET Trustee or director, Officer | – | $0 |
| DAVID NAFZIGER | BOARD PRESID Trustee or director, Officer | – | $0 |
| RICHARD SCOTT | BOARD MEMBER Trustee or director | – | $0 |
| PATRICK VOELKER | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBYN SCOTT | COUNSELOR Trustee or director | 40 | $42,319 |
| ADAM DENTON | BOARD TREASU Trustee or director, Officer | – | $0 |
| DAVID DYKES | BOARD MEMBER Trustee or director | – | $0 |
| EMILY HAFZITER | BOARD SECRET Trustee or director, Officer | – | $0 |
| DAVID NAFZIGER | BOARD PRESID Trustee or director, Officer | – | $0 |
| RICHARD SCOTT | BOARD MEMBER Trustee or director | – | $0 |
| THOMAS SCOTT | EXECUTIVE DI Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 436825, LOUISVILLE, KY 40253-6825
- In care of
- % THOMAS J SCOTT
- Principal officer (990 for 2024)
- THOMAS SCOTT, 14215 VICTORY RIDGE DR, LOUISVILLE, KY 40245
- Signed the 990
- THOMAS SCOTT, EXECUTIVE DIRECTOR
- Phone
- (502) 572-4410
- Website
- WWW.CBL.ORG
- Return prepared by
- ADKISSON & COMPANY PSC
Mission
LIFE READY INC PROVIDES BIBLICAL COUNSELING FOR MINISTRY LEADERS. WE OFFER CHARITABLE, RELIGIOUS COUNSELING FOR CHRISTIAN PASTORS, MISSIONARIES, ORGANIZATION LEADER AND SEMINARY STUDENTS.
Program accomplishments
- COUNSELING SERVICES PROVIDED FOR THOSE IN CHRISTIAN VOCATIONAL MINISTRY (EXAMPLES INCLUDE PASTORS, MISSIONARIES, SEMINARY STUDENT)Expenses $228,272
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
- 82-2998509
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $116,194
- Income (IRS master file)
- $356,393
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $356,393 | $334,632 | $116,194 | IRS |
| 990 | December 2023 | $331,493 | $350,147 | $98,328 | XML |
| 990 | December 2022 | $236,464 | $279,832 | $111,999 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 82-2998509).
Questions about LIFE READY INC
- What is the EIN of LIFE READY INC?
- The employer identification number (EIN) of LIFE READY INC is 82-2998509.
- Is LIFE READY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to LIFE READY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE READY 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 LIFE READY 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 LIFE READY 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 LIFE READY INC?
- The 990 for the year ended December 31, 2024 names THOMAS SCOTT.
- Who are the officers and directors of LIFE READY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $83,871 (THOMAS SCOTT, EXECUTIVE DI).
- How much revenue does LIFE READY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $356,393, expenses of $334,632 and total assets of $116,194 at year end.
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