Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 5,683,065 | 7,630,418 | 25,711,320 | 25,345,732 | 20,188,037 | 84,558,572 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 5,683,065 | 7,630,418 | 25,711,320 | 25,345,732 | 20,188,037 | 84,558,572 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 18,659,403 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 65,899,169 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 5,683,065 | 7,630,418 | 25,711,320 | 25,345,732 | 20,188,037 | 84,558,572 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 513 | 3,841 | 417,511 | 397,384 | 356,250 | 1,175,499 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 766 | 1,701 | 300 | 7,059 | 9,826 | |
| 11 | Total support. Add lines 7 through 10 | 85,743,897 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EDISON WELDING INSTITUTE, THE OHIO STATE UNIVERSITY, AND THE UNIVERSITY OF MICHIGAN ARE THE MEMBERS OF LIFT. EACH MEMBER CAN VOTE ON ALL MATTERS TO WHICH A MEMBER IS ENTITLED TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS HAVE THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD OF DIRECTORS SHALL HAVE FULL AUTHORITY TO GOVERN THE AFFAIRS OF THE CORPORATION EXCEPT FOR POWERS WHICH ARE RESERVED TO THE MEMBERS BY THE ARTICLES AND THE ACT AND THE ACTIONS DESCRIBED IN THE FOLLOWING PARAGRAPHS. THE FOLLOWING ACTIONS REQUIRE THE UNANIMOUS APPROVAL OF THE MEMBERS: (I) AMENDMENT, MODIFICATION OR REPEAL OF THE ARTICLES OR THESE BYLAWS, SUBJECT TO ARTICLE 13 HEREOF; (II) MERGER OR CONSOLIDATION OF THE CORPORATION WITH ANOTHER ENTITY; PROVIDED THAT THE CORPORATION MAY MERGE OR CONSOLIDATE ONLY WITH OR INTO ANY ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE CODE; (III) SALE, EXCHANGE, LEASE OR OTHER TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; (IV) APPROVAL OF ANY AGREEMENT OR ARRANGEMENT, WRITTEN OR ORAL, BETWEEN THE CORPORATION, ON THE ONE HAND, AND ANY MEMBER, DIRECTOR OR OFFICER OF THE CORPORATION OR AFFILIATE THEREOF, OR ANY OTHER "DISQUALIFIED PERSON" (AS DEFINED IN THE CODE OR ANY REGULATION THEREUNDER); (V) INCURRENCE, ASSUMPTION OR GUARANTEE OF ANY INDEBTEDNESS OR OTHER BORROWINGS; PROVIDED, HOWEVER, THAT (1) THE BOARD OF DIRECTORS MAY AUTHORIZE DRAWS AGAINST ESTABLISHED LINES OF CREDIT CONSISTENT WITH THE CORPORATION'S POLICIES IN THAT REGARD AND THE PURPOSES OF SUCH CREDIT LINES; AND (2) THE BOARD OF DIRECTORS MAY AUTHORIZE THE CORPORATION TO BORROW FROM ITS MEMBERS IN ACCORDANCE WITH ANY AGREEMENT AMONG THE MEMBERS; (VI) ADOPTION OF ANNUAL CAPITAL AND OPERATING BUDGETS AND BUSINESS PLANS; (VII) UNBUDGETED CAPITAL EXPENDITURES VALUED IN EXCESS OF $100,000.00 OR SUCH OTHER VALUES AS THE MEMBERS MAY ESTABLISH FROM TIME TO TIME; (VIII) APPROVAL OF ANY DEVIATION FROM ANY SCHEDULE OF CAPITAL CONTRIBUTIONS APPLICABLE TO ANY MEMBER OR ANY ADDITIONAL CAPITAL CALL, IN EACH CASE SUBJECT TO ANY WRITTEN AGREEMENT AMONG THE MEMBERS; (IX) DISSOLUTION OF THE CORPORATION, SUBJECT TO SECTION 12.1 HEREOF; (X) ADDITION OF NEW MEMBERS AND CREATION OF ONE OR MORE NEW CLASSES OF MEMBERS OF THE CORPORATION; (XI) APPOINTMENT OF THE VOTING AND NON-VOTING DIRECTORS OF THE CORPORATION; PROVIDED THAT IN ADDITION EACH OF THE MEMBERS SHALL BE ENTITLED TO APPOINT AT LEAST ONE OF ITS EMPLOYEES OR OTHER AGENTS AS A VOTING DIRECTOR. THE MEMBERS SHALL UNANIMOUSLY AGREE FROM TIME TO TIME ON THE NUMBER OF VOTING DIRECTORS THEY ARE ENTITLED TO APPOINT UNDER THIS PROVISION, AND AT ALL TIMES THE MEMBERS SHALL APPOINT SUCH VOTING DIRECTORS IN EQUAL NUMBERS (E.G., ONE EACH, TWO EACH, ETC.); (XII) ANY TRANSACTION OR OTHER ACTION TO BE ENTERED INTO OR TAKEN BY THE CORPORATION THAT WOULD RESULT, OR COULD REASONABLY BE EXPECTED TO RESULT, IN THE LOSS OF THE CORPORATION'S STATUS AS A NONPROFIT CORPORATION UNDER THE ACT OR THE LOSS OF THE CORPORATION'S TAX-EXEMPT STATUS. (XIII) SUCH OTHER APPROVAL POWERS OF THE MEMBERS AS ARE EXPRESSLY PROVIDED HEREUNDER; AND (XIV) ENTERING INTO ANY CONTRACT WITH THE U.S. GOVERNMENT, AND ANY ACTIVITIES NOT CONTEMPLATED BY OR IN CONNECTION WITH ANY SUCH CONTRACT. |
| FORM 990, PART VI, SECTION B, LINE 11B | AN OUTSIDE ACCOUNTING FIRM PREPARES THE FORM 990, AND LIFT'S CFO AND TREASURER REVIEWS THE FORM 990. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EVERY EMPLOYEE IS REQUIRED UPON HIRE TO REVIEW AND SIGN THE LIFT CONFIDENTIALITY POLICY. LIFT CONSISTENTLY REVIEWS ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS WITH EACH EMPLOYEE AND REQUIRES THEM TO DISCLOSE ANY NEW CONFLICT OF INTEREST. WITH RESPECT TO THE BOARD AND CORPORATE OFFICERS, ARTICLE 12 OF THE BYLAWS SETS FORTH THE WRITTEN CONFLICT OF INTEREST POLICY WHICH HAS BEEN IN EFFECT SINCE THE FORMATION AND ORGANIZATION OF LIFT IN 2014. IN ADDITION, THE CHARTER FOR THE NOMINATING AND GOVERNANCE COMMITTEE OF THE LIFT BOARD SETS FORTH THE FOLLOWING AS PART OF SUCH COMMITTEE'S DUTIES AND RESPONSIBILITIES: REVIEW ANY CONFLICTS OF INTEREST THAT MAY AFFECT LIFT OR ANY OF ITS RESPECTIVE EXECUTIVE OFFICERS OR BOARD MEMBERS. REPORTS TO THE BOARD SHOULD BE MADE TO ADDRESS ANY CONFLICT OF INTEREST ISSUE AS RECOMMENDED BY THE COMMITTEE AND DEEMED NECESSARY BY THE CHAIRMAN OF LIFT. IN THE FALL OF 2018, EACH MEMBER OF THE BOARD AND EACH EXECUTIVE OFFICER COMPLETED A CONFLICT OF INTEREST QUESTIONNAIRE WHICH WAS REVIEWED BY SUCH COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15A | LIFT'S BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BOARD COMPARES THE EXECUTIVE DIRECTOR'S COMPENSATION TO THAT OF A SIMILAR POSITION AT A SIMILAR NONPROFIT ORGANIZATION. THE BOARD DOCUMENTS THE COMPENSATION SETTING PROCESS IN ITS MEETING MINUTES. IN THE FALL OF 2018, THE LIFT BOARD ESTABLISHED A COMPENSATION COMMITTEE WHOSE STATED PURPOSE IS AS FOLLOWS: MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS WITH RESPECT TO THE COMPENSATION OF THE CEO & EXECUTIVE DIRECTOR, AS WELL AS THE OTHER EXECUTIVE OFFICERS OF LIFT WHO REPORT DIRECTLY TO THE CEO & EXECUTIVE DIRECTOR, PLUS ANY EMPLOYEE OF LIFT WHOSE TOTAL COMPENSATION EQUALS OR EXCEEDS THAT OF ANY OF SUCH DIRECT REPORTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | LIFT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, FOR THE SAME PERIOD OF TIME AS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 6104(D). |
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