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← LOVELOUD FOUNDATION

Form 990 for tax year 2023

Filed by LOVELOUD FOUNDATION.

Totals

Total revenue
$1,549,303
Total expenses
$1,296,185
Contributions and grants received
$1,459,818
Grants paid
$190,250
Program service revenue
$0
Investment income
$21,519
Other revenue
$67,966
Total assets, end of year
$752,869
Total liabilities, end of year
$1,973
Net assets or fund balances, end of year
$750,896
Program services expenses (Part IX)
$1,102,610
Management and general expenses
$193,575
Fundraising expenses
$0
Program service expenses (Part III)
$1,102,610

Program services were 85.1% 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

    $1,459,818

  • 3 · Investment income

    total $21,519 · unrelated business $21,519

  • 10a · Gross sales of inventory

    $70,349

  • 10b · Cost of goods sold

    $2,383

  • 10c · Net income from sales of inventory

    total $67,966 · related or exempt $67,966

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,250 · program services $190,250

  • 7 · Other salaries and wages

    total $166,000 · management and general $166,000

  • 10 · Payroll taxes

    total $12,951 · management and general $12,951

  • 11g · Fees: other

    total $2,546 · management and general $2,546

  • 12 · Advertising and promotion

    total $21,589 · program services $21,589

  • 13 · Office expenses

    total $4,377 · program services $1,146 · management and general $3,231

  • 20 · Interest

    total $185 · management and general $185

  • 23 · Insurance

    total $10,829 · program services $6,701 · management and general $4,128

  • 24a · Other expenses: FESTIVAL PRODUCTION

    total $822,833 · program services $822,833

  • 24b · Other expenses: FESTIVAL TRANSPORTATION

    total $52,457 · program services $52,457

  • 24c · Other expenses: MERCHANDISE EXPENSE

    total $4,696 · program services $4,696

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,282 · management and general $4,282

  • 24e · All other expenses

    total $3,190 · program services $2,938 · management and general $252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $493,480 · end of year $709,574

  • 4 · Accounts receivable

    end of year $517

  • 8 · Inventories for sale or use

    end of year $42,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,000

  • 25 · Other liabilities

    beginning of year $15,702 · end of year $1,973

  • 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 $497,778 · end of year $750,896

Mission and programs · 2023

Mission

TO IGNITE THE VITAL CONVERSATION ABOUT WHAT IT MEANS TO LOVE, UNDERSTAND AND ACCEPT AND SUPPORT OUR LGBTQ+ FRIENDS AND FAMILY.

Activities or mission (Part I)

TO IGNITE THE VITAL CONVERSATION ABOUT WHAT IT MEANS TO LOVE, UNDERSTAND, ACCEPT AND SUPPORT OUR LGBTQ+ FRIENDS AND FAMILY

  • LOVELOUD FESTIVALS WERE EVENTS HELD ON OCTOBER 17,2023 AT THE ANTHEM IN WASHINGON, DC, ON NOVEMBER 3, 2023 AT DELTA CENTER IN SALT LAKE CITY, UTAH, AND ON NOVEMBER 10, 2023 AT THE LONG CENTER FOR THE PERFORMING ARTS IN AUSTIN, TEXAS. THE EVENTS FEATURED MANY ARTISTS AND SPEAKERS EDUCATING THE ATTENDEES ON THE FACTS ABOUT TEEN SUICIDES BEING THE LEADING CAUSE OF DEATH FOR TEENS IN THIS REGION AMONG THE LGBTQ+ COMMUNITY. THE MISSION OF THE FESTIVAL IS AN EDUCATIONAL AND COMMUNITY BUILDING PROGRAM OF THE LOVELOUD FOUNDATION.ALL NET PROCEEDS FROM THE PROGRAM BENEFIT LBGTQ+ YOUTH THROUGH GRANTS FROM THE LOVELOUD FOUNDATION.

    Expenses $1,102,610 · Grants $190,250 · Revenue $67,966

As filed on the 2023 return.

Listed in Part VII

  • DANIEL REYNOLDS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • CORRIE MARTIN

    FESTIVAL CHAIR

    Total calculated
    $0
    Hours/week
    40

  • TYLER GLEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10

  • CARMEN CARRERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • EVAN LAMBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • ANTHONY RAMOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • TRAVIS ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • BECKY PICKLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • ALISON LAWTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202422889349302077

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