GOLD2024

Life Story Club

Share and Preserve Life Stories

Brooklyn, NY   |  http://lifestoryclub.org
GuideStar Charity Check

Life Story Club

EIN: 84-3516287


Mission

Life Story Club organizes small social clubs for older adults to share life stories, to foster connections and to enhance a sense of belonging and purpose.

Ruling year info

2020

Founder

Stacy Abramson

Main address

41 Flatbush Ave. Suite 3B Pioneer Building

Brooklyn, NY 11217 USA

Show more contact info

Formerly known as

Vita Story Club

EIN

84-3516287

Subject area info

Senior services

Population served info

Seniors

NTEE code info

Senior Centers/Services (P81)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

In response to the loneliness epidemic facing the United States, the Surgeon General issued a health advisory in May 2023, citing loneliness as a serious mental and physical health hazard, emphasizing that social connection is as essential to our long-term survival as food and water. According to the AARP Foundation, more than 1 in 3 older Americans are lonely. It is now well documented that loneliness among older adults is associated with higher rates of depression, a 50% increased risk of dementia, and a 30% increased risk of cardiovascular diseases. The additional Medicare costs resulting from loneliness and social isolation among older adults is estimated at $6.7 billion annually.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Life Story Clubs for Older Adults

Our Life Story Clubs for older adults are held at senior centers, retirement communities and through partnerships with other community organizations. In our clubs, a facilitator guides a group of older adults in sharing and preserving their life stories. In addition to hearing and sharing stories with other community members, participants are also able to audio record and create their own personal memory books.

Population(s) Served
Seniors

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our goals are to decrease feelings of loneliness and increase a sense of belonging and purpose in older adults by organizing small social clubs for older adults to share stories.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Life Story Club
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

10.94

Average of 5.20 over 3 years

Months of cash in 2022 info

SOURCE: IRS Form 990

1.8

Average of 1.2 over 3 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

18%

Average of 13% over 3 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Life Story Club

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Life Story Club

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Life Story Club

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Life Story Club’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2021 2022
Unrestricted surplus (deficit) before depreciation $29,604 $15,204
As % of expenses 10.1% 3.5%
Unrestricted surplus (deficit) after depreciation $29,604 $15,204
As % of expenses 10.1% 3.5%
Revenue composition info
Total revenue (unrestricted & restricted) $321,426 $498,621
Total revenue, % change over prior year 0.0% 55.1%
Program services revenue 7.5% 2.6%
Membership dues 0.0% 0.0%
Investment income 0.0% 0.0%
Government grants 2.1% 10.7%
All other grants and contributions 91.3% 86.7%
Other revenue -0.9% 0.1%
Expense composition info
Total expenses before depreciation $291,822 $433,917
Total expenses, % change over prior year 0.0% 48.7%
Personnel 71.2% 69.5%
Professional fees 23.4% 23.6%
Occupancy 0.0% 0.0%
Interest 0.0% 0.0%
Pass-through 0.0% 0.0%
All other expenses 5.4% 7.0%
Full cost components (estimated) info 2021 2022
Total expenses (after depreciation) $291,822 $433,917
One month of savings $24,319 $36,160
Debt principal payment $0 $0
Fixed asset additions $0 $0
Total full costs (estimated) $316,141 $470,077

Capital structure indicators

Liquidity info 2021 2022
Months of cash 1.9 1.8
Months of cash and investments 1.9 1.8
Months of estimated liquid unrestricted net assets 1.7 1.5
Balance sheet composition info 2021 2022
Cash $46,349 $63,351
Investments $0 $0
Receivables $4,885 $52,150
Gross land, buildings, equipment (LBE) $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0%
Liabilities (as a % of assets) 21.5% 9.1%
Unrestricted net assets $40,238 $55,442
Temporarily restricted net assets N/A N/A
Permanently restricted net assets N/A N/A
Total restricted net assets $0 $49,500
Total net assets $40,238 $104,942

Key data checks

Key data checks info 2021 2022
Material data errors No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Founder

Stacy Abramson

I’m a millennial who wants to do better for our seniors. I'm interested in elder tech, continuing care communities, and new approaches to deliver opportunities for seniors to lead vital and creative lives.

Number of employees

Source: IRS Form 990

Life Story Club

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Life Story Club

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Life Story Club

Board of directors
as of 05/09/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Supriya Kumar

Lily Zhou

Life Story Club

Tajreena Tabassoom

Zainab Aslam

Krina Patel

Nancy Farrell

Sabine Houben

Sahebba Sabherwal

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 1/3/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser