Totals
- Total revenue
- $1,414,697
- Total expenses
- $1,484,017
- Contributions and grants received
- $903,159
- Grants paid
- $0
- Program service revenue
- $507,195
- Investment income
- $1,274
- Other revenue
- $3,069
- Total assets, end of year
- $353,980
- Total liabilities, end of year
- $59,727
- Net assets or fund balances, end of year
- $294,253
- Program services expenses (Part IX)
- $1,139,784
- Management and general expenses
- $331,995
- Fundraising expenses
- $12,238
- Program service expenses (Part III)
- $1,139,784
Program services were 76.8% 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.
-
1e · Government grants (contributions)
$5,000
-
1f · All other contributions, gifts and grants
$898,159
-
1g · Noncash contributions included above
$514,999
-
2a · Program service revenue: THRIFT STORE REVENUE
total $507,195 · excluded $507,195
-
3 · Investment income
total $1,274 · related or exempt $1,274
-
11a · Other revenue: DISCOUNTS
total $2,860 · excluded $2,860
-
11b · Other revenue: PCP ITEMS
total $119 · related or exempt $119
-
11c · Other revenue: BOOK PURCHAES
total $90 · related or exempt $90
-
11e · Other revenue, total
$3,069
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $67,925 · program services $47,548 · management and general $20,377
-
7 · Other salaries and wages
total $439,912 · program services $279,376 · management and general $153,744 · fundraising $6,792
-
9 · Other employee benefits
total $15,846 · management and general $15,846
-
10 · Payroll taxes
total $38,190 · program services $19,905 · management and general $17,765 · fundraising $520
-
11c · Fees: accounting
total $26,306 · management and general $26,306
-
11e · Fees: professional fundraising services
total $2,330 · fundraising $2,330
-
11g · Fees: other
total $42,294 · program services $28,481 · management and general $13,813
-
12 · Advertising and promotion
total $1,099 · program services $238 · management and general $761 · fundraising $100
-
13 · Office expenses
total $44,732 · program services $19,198 · management and general $23,525 · fundraising $2,009
-
14 · Information technology
total $21,254 · program services $7,531 · management and general $13,323 · fundraising $400
-
16 · Occupancy
total $122,304 · program services $102,675 · management and general $19,629
-
17 · Travel
total $11,813 · program services $8,770 · management and general $2,956 · fundraising $87
-
19 · Conferences, conventions and meetings
total $4,804 · program services $4,804
-
20 · Interest
total $13 · management and general $13
-
21 · Payments to affiliates
total $15,471 · management and general $15,471
-
22 · Depreciation, depletion and amortization
total $6,133 · program services $6,133
-
23 · Insurance
total $14,410 · program services $9,535 · management and general $4,875
-
24a · Other expenses: THRIFT STORE COGS
total $513,851 · program services $513,851
-
24b · Other expenses: PHYSICAL + MATERIAL NEEDS
total $60,689 · program services $60,689
-
24c · Other expenses: TRANSPORT SUPPORT SERVICE
total $17,715 · program services $14,252 · management and general $3,463
-
24d · Other expenses: DEVELOPMENTAL NEEDS
total $16,612 · program services $16,612
-
24e · All other expenses
total $314 · program services $186 · management and general $128
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $268,782 · end of year $87,323
-
2 · Savings and temporary cash investments
end of year $175,333
-
8 · Inventories for sale or use
beginning of year $20,205 · end of year $16,918
-
9 · Prepaid expenses and deferred charges
beginning of year $5,200 · end of year $5,200
-
10a · Land, buildings and equipment: cost or other basis
$37,388
-
10b · Land, buildings and equipment: accumulated depreciation
$24,788
-
10c · Land, buildings and equipment, net
beginning of year $17,318 · end of year $12,600
-
15 · Other assets
beginning of year $67,392 · end of year $56,606
-
17 · Accounts payable and accrued expenses
beginning of year $20,125 · end of year $46,679
-
24 · Unsecured notes and loans payable
beginning of year $6,564 · end of year $9,750
-
25 · Other liabilities
beginning of year $2,454 · end of year $3,298
-
27 · Net assets without donor restrictions
beginning of year $212,502 · end of year $176,183
-
28 · Net assets with donor restrictions
beginning of year $137,252 · end of year $118,070
Mission and programs · 2022
Mission
THE MISSION OF LOVE INC IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST. TO THAT END, LOVE INC OF BREVARD NETWORKS PARTNER RESOURCES TO PROVIDE HOPE, HELP AND A HAND-UP TO FREEDOM TO THOSE IN NEED IN OUR COUNTY.
Activities or mission (Part I)
THE MISSION OF LOVE INC IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES IN THE NAME OF CHRIST, IN PARTNERSHIP WITH NETWORK CHURCHES, AGENCIES, BUSINESSES AND INDIVIDUALS.
-
VILLAGE THRIFT: THE THRIFT STORE RECEIVES DONATED ITEMS FROM THE COMMUNITY, MAKING THEM AVAILABLE TO ACTIVE CLIENTS WITH VERIFIED NEEDS AT A SIGNIFICANT DISCOUNT OF 80% OF THE THRIFT STORE PRICE. THOSE CLIENTS WHO CANNOT AFFORD TO PAY THE DISCOUNTED PRICE CAN WORK IN THE THRIFT STORE TO OFFSET THE PRICE OF THE ITEMS AT A RATE OF 10/HOUR. CLIENTS IN NEED OF COMMUNITY ARE ENCOURAGED TO VOLUNTEER, FINDING A LOVING AND SUPPORTIVE PLACE WHERE THEY CAN CONTRIBUTE AND GROW. OUR STORE ALSO ALLOWS US TO GIVE CLIENTS AND FORMER CLIENTS ENTRY-LEVEL JOBS WHERE THEY CAN GAIN A POSITIVE WORK EXPERIENCE BEFORE RE-ENTERING THE JOB MARKET. THRIFT STORE ITEMS ARE ALSO OFFERED FOR SALE TO THE PUBLIC, PRODUCING A REVENUE STREAM TO SUPPORT OUR PROGRAM ACTIVITIES.
Expenses $822,941 · Revenue $507,195
-
CLIENT SERVICES: LOVE INC WORKS WITH ITS PARTNERS TO SUPPLY GOODS AND PROVIDE SERVICES DIRECTLY TO CLIENTS WHO MAKE THE COMMITMENT TO GO BEYOND THEIR CURRENT CIRCUMSTANCES AND GROW THROUGH INDIVIDUALIZED ACTION PLANS, ONE STEP AT A TIME, FROM NEED TO SUSTAINABILITY. ASSISTANCE GIVEN INCLUDES OFFSETTING LIVING AND MEDICAL EXPENSES, PROVIDING LIFE SKILLS TRAINING AND MENTAL HEALTH COUNSELING OPPORTUNITIES, CONFRONTING UNDERLYING CAUSES OF CHRONIC NEED, ENCOURAGING THE DEVELOPMENT OF HEALTHY RELATIONSHIPS, ETC... AS A RESULT OF LOVE INC'S PARTNERSHIPS WITH LOCAL BUSINESSES AND AGENCIES, CLIENTS BENEFITED FROM DONATED PROFESSIONAL SERVICES IN ADDITION TO THE MATERIAL GOODS ACCOUNTED FOR IN THE PROGRAM EXPENSES REPORTED. WHILE IT IS NOT OUR MISSION TO PROVIDE EMERGENCY ASSISTANCE, WE HAVE DEVELOPED AND CONTINUE TO MAINTAIN AN ACCURATE RESOURCE GUIDE OF LOCAL AGENCIES WHO SPECIALIZE IN EMERGENCY RELIEF TO THOSE IN NEED OF ECONOMIC ASSISTANCE FOR IMMEDIATE, CRISIS SITUATIONS.
Expenses $178,959
-
MOBILIZATION: OUR HIGHEST GOAL IS TO MOBILIZE OUR COMMUNITY TO TAKE PART IN TRANSFORMING THE LIVES OF THOSE IN NEED. TO THIS END WE EMPLOYE PARTNERSHIPS COORDINATORS WHO FOCUS ON DEVELOPING CHURCH, BUSINESS, AND AGENCY PARTNERS TO ASSIST WITH OUR CLIENT SERVICES PROGRAM. WE ALSO HAVE A VOLUNTEER COORDINATOR WHO FOCUSES SOLELY ON RECRUITING, TRAINING, AND MANAGING VOLUNTEERS ACROSS OUR ORGANIZATION. EACH MONTH WE UTILIZE NEARLY 80 VOLUNTEERS ACROSS OUR ORGANIZATION, AND IN 2022 WE COORDINATED OVER 16,000 VOLUNTEER HOURS. ADDITIONALLY, WE OFFER EDUCATIONAL COURSES ON OUR PROGRAM METHODOLOGY TO TEACH OUR COMMUNITY THE REASONS BEHIND OUR WAY OF UPLIFTING THOSE IN NEED. OUR HOPE IS THAT, THROUGH EDUCATION, WE CAN BUILD A NETWORK OF LIKE-MINDED INDIVIDUALS AND ORGANIZATIONS WHO SHARE A COMMON METHODOLOGY FOR TRANSFORMING THE LIVES OF PEOPLE IN NEED.
Expenses $76,828
-
COMMUNITY TRANSFORMATION: WE ARE WORKING TO BRING TRANSFORMATION ON THE COMMUNITY LEVEL BY PULLING TOGETHER LIKE-MINDED, MISSIONALLY-ALIGNED INDIVIDUALS AND ORGANIZATIONS TO WORK TOWARDS HUMAN FLOURISHING AMIDST THESE SPECIFIC COMMUNITY WOES: DOMESTIC VIOLENCE, PREDATORY LENDING, DRUG ADDICTION, HUMAN TRAFFICKING, HOMELESSNESS, NEIGHBORHOOD REVITALIZATION, FOSTER CARE SUPPORT, AND STRONG COMMUNITY SCHOOLS. TO THIS END WE MOBILIZE FULL-TIME STAFF TO BE IN THE COMMUNITY AS A CATALYST FOR FORWARD-MOVEMENT AND ORGANIZATIONAL-COOPERATION. IN PRACTICE THIS LOOKS LIKE ORGANIZING AND FACILITATING CONVERSATIONS THAT INVOLVE INFLUENCERS AND DECISION-MAKERS IN OUR COUNTY TO FIGHT AGAINST THESE COMMUNITY-WIDE DYSFUNCTIONS. AS WE GATHER TOGETHER AROUND THE TABLE, PARTNERSHIPS ARE FORMED AND COMMUNITY MEMBERS ARE ACTIVATED TO BECOME PARTICIPANTS IN THE SOLUTIONS TO OUR COMMUNITIES GREATEST PROBLEMS. WE ALSO FOCUS ON CONNECTING CHURCHES WITH ORGANIZATIONS ON THE FRONT LINES OF THESE ISSUES IN ORDER TO GIVE PEOPLE IN OUR COMMUNITY EASY ON-RAMPS FOR INVOLVEMENT IN PARTICIPATING WITH THESE COMMUNITY ORGANIZATIONS.
Expenses $61,056
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kristy StuartKRISTY STUART
EXECUTIVE DI
- Total calculated
- $67,925
- From this org
- $67,925
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Scott DixonSCOTT DIXON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.33
-
Tony HauckTONY HAUCK
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1.33
-
Gloria LoreyGLORIA LOREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.67
-
Chris WaldropCHRIS WALDROP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Florida HolbertFLORIDA HOLBERT
TREASURER
- Total calculated
- $0
- Hours/week
- 1.67
-
Mark KendallMARK KENDALL
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1.83
-
Janie McDermottJANIE MCDERMOTT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321329349304202
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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