Skip to content
Nonprofiteer
← LOVE INC

Form 990 for tax year 2022

Filed by LOVE INC.

Totals

Total revenue
$270,051
Total expenses
$193,927
Contributions and grants received
$266,033
Grants paid
$0
Program service revenue
$0
Investment income
$4,018
Other revenue
$0
Total assets, end of year
$764,712
Total liabilities, end of year
$1,941
Net assets or fund balances, end of year
$762,771
Program services expenses (Part IX)
$170,110
Management and general expenses
$23,817
Fundraising expenses
$0
Program service expenses (Part III)
$170,110

Program services were 87.7% 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.

  • 1c · Fundraising events

    $20,089

  • 1e · Government grants (contributions)

    $25,255

  • 1f · All other contributions, gifts and grants

    $220,689

  • 3 · Investment income

    total $4,018 · related or exempt $4,018

  • 8a · Fundraising events: contributions included on line 1c

    $20,089

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $59,228 · program services $44,421 · management and general $14,807

  • 7 · Other salaries and wages

    total $36,739 · program services $36,739

  • 10 · Payroll taxes

    total $7,575 · program services $6,442 · management and general $1,133

  • 11c · Fees: accounting

    total $2,575 · management and general $2,575

  • 12 · Advertising and promotion

    total $188 · management and general $188

  • 13 · Office expenses

    total $699 · management and general $699

  • 16 · Occupancy

    total $20,647 · program services $20,647

  • 22 · Depreciation, depletion and amortization

    total $12,690 · program services $12,690

  • 23 · Insurance

    total $6,332 · program services $5,066 · management and general $1,266

  • 24a · Other expenses: SUPPLIES AND FOOD

    total $22,263 · program services $22,263

  • 24b · Other expenses: TELEPHONE

    total $3,788 · program services $1,894 · management and general $1,894

  • 24c · Other expenses: DUES AND FEES

    total $152 · management and general $152

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $11,722 · program services $11,722

  • 24e · All other expenses

    total $9,329 · program services $8,226 · management and general $1,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,258 · end of year $133,593

  • 2 · Savings and temporary cash investments

    beginning of year $308,798 · end of year $350,800

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

    $526,529

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

    $246,270

  • 10c · Land, buildings and equipment, net

    beginning of year $292,949 · end of year $280,259

  • 15 · Other assets

    beginning of year $60 · end of year $60

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,418 · end of year $1,941

  • 27 · Net assets without donor restrictions

    beginning of year $656,247 · end of year $732,371

  • 28 · Net assets with donor restrictions

    beginning of year $30,400 · end of year $30,400

Mission and programs · 2022

Mission

PROVIDING MEALS TO NEEDY INDIVIDUALS

  • THE PURPOSE OF THIS ORGANIZATION IS TO FEED ALL PEOPLE IN NEED IN OUR COMMUNITY.

    Expenses $170,110

As filed on the 2022 return.

Listed in Part VII

  • Fannie Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $59,228
    From this org
    $59,228
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Mark Benson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Austin McGehee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Charles Frazier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Sally Neville

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Scotty Cole

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Libby Bounds

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Tyler Walton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • John Northam

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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
2022
Filed
1 June 2023
IRS schema version
2022v5.0
Source object
202311589349301706

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.