PLATINUM2024

LIFEQUEST OF ARKANSAS

An endless passion for living and learning

Little Rock, AR   |  lifequestofarkansas.org
GuideStar Charity Check

LIFEQUEST OF ARKANSAS

EIN: 71-0554516


Mission

LifeQuest of Arkansas promotes healthful longevity and active aging through lifelong learning and meaningful volunteerism within in the community.

Ruling year info

1982

Executive Director

Ms Leah Greenfield

Main address

PO Box 25523

Little Rock, AR 72221 USA

Show more contact info

Formerly known as

Shepherd Center of Little Rock

EIN

71-0554516

Subject area info

Adult education

Voluntarism

Senior services

Population served info

Seniors

NTEE code info

Adult, Continuing Education (B60)

Nonprofit Management (S50)

Community Improvement, Capacity Building N.E.C. (S99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is not required to file an annual return with the IRS because it is a church.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

In general: LifeQuest of Arkansas is an affiliate of Shepherd's Centers of America, a national nonprofit with a similar mission. Like other Shepherds Centers, LifeQuest is an interfaith, volunteer-based organization with programs designed to enhance the intellectual engagement, social connection, and physical wellness of older adults. Of specific concern: In summer 2023, U.S. Surgeon General Dr. Vivek Murthy published a report titled Our Epidemic of Loneliness and Isolation. That same summer LifeQuest surveyed our members and learned that 41% reported that they live alone. Both reports highlight the importance of CONNECTION. At LifeQuest, older adults are connected to one another socially in classes, meals, and trips, through volunteer opportunities which help strengthen a sense of purpose. When you connect with LifeQuest, you connect with LIFE!

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?

LIFEQUEST OF ARKANSAS

LifeQuest is similar to a small college for retired adults, offering four eight-week terms annually. With an average of 50 classes per quarter, the program provides a diverse and engaging curriculum. In 2023, LifeQuest made a significant impact, with 1,842 members participating in classes and programs. Additionally, the program organizes travel excursions, fostering shared experiences among members.

In addition to in-person classes, the online curriculum caters to members residing outside Central Arkansas, those facing mobility challenges, or individuals fulfilling caregiving roles.

The spirit of volunteerism thrives at LifeQuest, with 242 volunteer instructors conducting 175 classes in 2023. Members actively contribute their time, participating in a variety of volunteer opportunities.

Drawing enrollment from Central Arkansas, across the state, and spanning 15 other states, LifeQuest's reach extends far beyond its local borders, creating a vibrant community of lifelong learners.

Population(s) Served
Adults

Where we work

Affiliations & memberships

Shepherd's Centers of America 1981

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of participants attending course/session/workshop

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

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.

Since the onset of the pandemic, we have remained steadfast in our commitment to addressing the prevalent issue of loneliness and social isolation among older adults. Through a holistic approach encompassing lifelong learning classes, volunteer opportunities, social outings, and trips, we actively facilitate connections among our members. By providing avenues for meaningful contribution, we strive to infuse purpose and fulfillment into the lives of older adults.

In 2023, LifeQuest forged partnerships with five prominent organizations whose missions align with and complement ours, significantly expanding our programming and community outreach. Our Educational Partnerships not only enhance our curriculum but also offer diverse avenues for members to learn, engage, and connect. These valuable collaborators include the Arkansas Geriatric Education Collaborative at the University of Arkansas for Medical Sciences, the Central Arkansas Library System, Literacy Action of Central Arkansas, the Mosaic Templars Cultural Center, and The William J. Clinton Presidential Library and Museum.

We achieve our mission through lifelong learning classes and volunteerism.

Our curriculum is designed on three pillars: intellectual engagement, social connection, and physical wellness. Our Curriculum Committee of volunteers recruits volunteer instructors who provide 45-50 classes each quarter to offer a wide-range of course subjects. In 2023, 175 classes were taught by 242 volunteer instructors to over 1850 LifeQuest members.

In addition, our volunteer coordinator plans service opportunities with a local food bank and adult literacy nonprofit to engage our members in volunteer work.

LifeQuest boasts a rich history of local and national support since its establishment in 1981, born out of an interfaith collaboration involving 14 local congregations, initially known as Shepherd's Center of Little Rock. Situated uniquely in the state's capital, surrounded by numerous colleges and universities, LifeQuest benefits from a local "brain trust" comprising volunteer instructors and members who actively engage with our programming.

From its inception, LifeQuest has received invaluable training and guidance from Shepherd's Centers of America, currently holding the distinction as the largest affiliate in their educational program, measured by the number of classes and volunteer instructors.

Our board of directors diligently adheres to clearly-written and communicated by-laws and policies, ensuring the organization's efficient management. This commitment guarantees that both staff and volunteers consistently operate within established guidelines.

Despite being a small nonprofit organization, LifeQuest enjoys financial stability with substantial reserves. Our investments provide a robust net for fiscal stability, maintaining at least three years' worth of emergency reserves.

Each year, we gratefully receive significant support from individuals, corporate sponsors, and supporting congregations. These generous contributions not only empower LifeQuest programs to operate at an elevated standard but also enable the provision of scholarships to members upon request. Recognizing the financial constraints of many older adults on fixed incomes, we strive to ensure that registration fees never become a barrier hindering a member's participation in LifeQuest.

LifeQuest of Arkansas reached its peak enrollment in Winter 2020, just before the pandemic hit. Since that time, we are gratified to see our enrollment numbers grow back, our number of class offerings increase to pre-pandemic numbers, and our financial security stabilize.

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 identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, 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 share the feedback we received with the people we serve

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

LIFEQUEST OF ARKANSAS
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

19.76

Average of 16.95 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

12.3

Average of 18 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

24%

Average of 4% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

LIFEQUEST OF ARKANSAS

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

LIFEQUEST OF ARKANSAS

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

LIFEQUEST OF ARKANSAS

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of LIFEQUEST OF ARKANSAS’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.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $58,781 $84,240 $105,521 $110,665 -$129,489
As % of expenses 22.1% 29.6% 48.5% 49.7% -46.0%
Unrestricted surplus (deficit) after depreciation $51,717 $79,207 $97,231 $104,735 -$134,144
As % of expenses 18.9% 27.4% 43.0% 45.8% -46.9%
Revenue composition info
Total revenue (unrestricted & restricted) $339,227 $383,551 $300,414 $283,321 $237,703
Total revenue, % change over prior year 4.3% 13.1% -21.7% -5.7% -16.1%
Program services revenue 51.3% 47.4% 29.1% 30.8% 56.6%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 2.4% 2.5% 11.6% 3.2% 1.7%
Government grants 0.0% 0.0% 0.0% 36.1% 0.0%
All other grants and contributions 46.3% 50.1% 59.4% 28.7% 42.2%
Other revenue 0.0% 0.0% 0.0% 1.3% -0.5%
Expense composition info
Total expenses before depreciation $266,446 $284,472 $217,705 $222,800 $281,645
Total expenses, % change over prior year 5.1% 6.8% -23.5% 2.3% 26.4%
Personnel 67.2% 66.3% 75.2% 76.9% 80.0%
Professional fees 0.0% 0.0% 0.0% 3.5% 1.0%
Occupancy 2.1% 1.9% 2.2% 1.3% 1.5%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 30.7% 31.8% 22.6% 18.4% 17.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $273,510 $289,505 $225,995 $228,730 $286,300
One month of savings $22,204 $23,706 $18,142 $18,567 $23,470
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $22,811 $0 $0
Total full costs (estimated) $295,714 $313,211 $266,948 $247,297 $309,770

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 21.7 14.1 15.0 18.8 12.3
Months of cash and investments 21.7 23.4 34.8 40.4 26.3
Months of estimated liquid unrestricted net assets 19.8 22.2 33.6 38.7 25.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $482,091 $333,856 $272,170 $348,478 $288,600
Investments $0 $220,000 $358,275 $400,905 $329,644
Receivables $0 $409 $0 $320 $0
Gross land, buildings, equipment (LBE) $41,643 $41,643 $68,506 $69,519 $72,517
Accumulated depreciation (as a % of LBE) 82.9% 100.2% 78.9% 86.3% 89.2%
Liabilities (as a % of assets) 7.4% 4.2% 2.7% 3.5% 4.3%
Unrestricted net assets $447,793 $527,000 $624,231 $728,966 $594,822
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $74,029 N/A N/A N/A N/A
Total restricted net assets $74,029 $91,029 $107,883 $117,642 $97,415
Total net assets $521,822 $618,029 $732,114 $846,608 $692,237

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No 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

Executive Director

Ms Leah Greenfield

Leah Greenfield has worked at LifeQuest of Arkansas since 2015 and began as Executive Director in 2021. A graduate of Hendrix College in Conway, Arkansas and Appalachian State University in Boone, North Carolina, she has a background in higher education administration, nonprofit fundraising and event management. Leah and her husband, a clinical psychologist, are the parents of two grown & flown young adults and one oversized, affectionate Boxer. Working at LifeQuest is a true joy for Leah as its mission and members serve as daily models for healthy longevity and active aging.

Number of employees

Source: IRS Form 990

LIFEQUEST OF ARKANSAS

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

There are no highest paid employees recorded for this organization.

LIFEQUEST OF ARKANSAS

Board of directors
as of 02/06/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mary Frances Cotham

Doris Krain

Mike Watts

Nancy Fleming

Martha Hunt

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? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • 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? No
  • 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