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Nonprofiteer
← ACRES OF LOVE INC

Form 990 for tax year 2024

Filed by ACRES OF LOVE INC.

Totals

Total revenue
$2,670,854
Total expenses
$3,648,192
Contributions and grants received
$2,664,056
Grants paid
$2,944,787
Program service revenue
$0
Investment income
$6,798
Other revenue
$0
Total assets, end of year
$1,030,066
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,030,066
Program services expenses (Part IX)
$3,533,935
Management and general expenses
$56,363
Fundraising expenses
$57,894
Program service expenses (Part III)
$3,533,935

Program services were 96.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,664,056

  • 3 · Investment income

    total $6,798 · excluded $6,798

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125 · program services $125

  • 3 · Grants to foreign organizations and individuals

    total $2,944,662 · program services $2,944,662

  • 5 · Compensation of officers, directors and key employees

    total $105,998 · program services $105,998

  • 7 · Other salaries and wages

    total $208,406 · program services $208,406

  • 11b · Fees: legal

    total $700 · management and general $700

  • 11g · Fees: other

    total $8,000 · program services $5,333 · management and general $2,667

  • 13 · Office expenses

    total $23,436 · program services $19,921 · management and general $3,515

  • 14 · Information technology

    total $13,833 · program services $11,758 · management and general $692 · fundraising $1,383

  • 16 · Occupancy

    total $5,934 · program services $5,044 · management and general $890

  • 17 · Travel

    total $108,323 · program services $108,323

  • 20 · Interest

    total $4,908 · management and general $4,908

  • 23 · Insurance

    total $129,931 · program services $110,441 · management and general $19,490

  • 24a · Other expenses: DONOR DEVELOPMENT

    total $56,511 · fundraising $56,511

  • 24b · Other expenses: MERCHANT FEES

    total $13,795 · management and general $13,795

  • 24c · Other expenses: TELEPHONE

    total $13,702 · program services $11,647 · management and general $2,055

  • 24d · Other expenses: DUES, FEES & SUBSCRIPTI

    total $4,946 · management and general $4,946

  • 24e · All other expenses

    total $4,982 · program services $2,277 · management and general $2,705

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $940,802 · end of year $656,745

  • 2 · Savings and temporary cash investments

    beginning of year $1,055,597 · end of year $330,432

  • 4 · Accounts receivable

    end of year $38,926

  • 10a · Land, buildings and equipment: cost or other basis

    $70,277

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,277

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,913 · end of year $3,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,171 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,969,141 · end of year $1,030,066

Mission and programs · 2024

Mission

SINCE 1998, ACRES OF LOVE HAS EXISTED TO RESCUE VULNERABLE CHILDREN AND WELCOME THEM INTO THE LOVE OF FAMILY.

Activities or mission (Part I)

RESCUING ORPHANED AND ABANDONED INFANTS AND CREATING FAMILIES.

  • FOCUSED ON EXCELLENCE, WE OPERATE MULTIPLE FAMILY HOME ACROSS FOUR REGIONS OF SOUTH AFRICA; PROVIDING THE VERY BEST MEDICAL, EDUCATIONAL, EMOTIONAL AND SPIRITUAL, AND NUTRITIONAL CARE TO EVERY CHILD ENTRUSTED INTO OUR CARE.

    Expenses $3,533,935 · Grants $2,944,787

As filed on the 2024 return.

Listed in Part VII

  • Gerda Audagnotti

    CEO

    Total calculated
    $105,998
    From this org
    $105,998
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ryan Audagnotti

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    40
  • Kim Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Davies

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gary Million Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Sue Pebley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2025
IRS schema version
2024v5.2
Source object
202502329349300630

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