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New York BBB Wise Giving Report for
LIFEbeat

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
05/2016
Name:
Lifebeat
Address:
676A Ninth Avenue
Suite 111
New York, NY 10036
Phone:
212-459-2590
Year, State Incorporated:
1992, New York
Affiliates:
None
Stated Purpose:
" Lifebeat mobilizes the talents and resources of the music industry to raise awareness and provide support to the HIV/AIDS community. "






Evaluation Conclusions
 

              
Lifebeat meets the 20 Standards for Charity Accountability.




Programs
 

              
Lifebeat is dedicated to reaching America’s youth with the message of HIV/AIDS prevention. Working with the music industry, Lifebeat hosts both a Local Tour Outreach program and a National Tour Outreach program. Through these programs Lifebeat is able to reach at-risk youth in clubs and concert venues throughout the New York Metropolitan area, as well as on a national level. Volunteers provide concert-goers with important HIV/AIDS literature, condoms, and information on testing and counseling services in their area. Lifebeat's Hearts and Voices Progam is an on-going live performance series for people living with HIV/AIDS.



Governance
 

              
Chief Executive Officer:
Mr. Nick Cucci, Executive Director
Compensation*:
$80,000
Chair of the Board:
Mr. Gary Dell'Abate
Board Size:
16
Paid Staff Size:
4



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Fundraising costs were 20.4% of related contributions. (Related contributions, which totaled $571,166, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Lifebeat's Audited Financial Statements for the fiscal year ended December 31, 2012.

Source of Funds  

Public Contributions

$340,622

Special Event

230,544

Interest Income

12

Loss on sale of donated inventory

(12,600)

Total Income

$558,578

Program Expenses  

Outreach and Education

$261,251

Support and Grants

110,570
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

371,821
116,290
56,459

$544,570

$14,008




Uses of Funds as a % of Total Expenses


Programs: 68%  Fund Raising: 21%  Administrative 10% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $644,169
Ending net assets 658,177
Total liabilities 9,538

Total assets

$667,715






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.