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Nonprofiteer
← ACRES OF LOVE INC

Form 990 for tax year 2023

Filed by ACRES OF LOVE INC.

Totals

Total revenue
$3,756,185
Total expenses
$4,534,765
Contributions and grants received
$3,711,950
Grants paid
$3,786,963
Program service revenue
$27,797
Investment income
$16,438
Other revenue
$0
Total assets, end of year
$2,000,312
Total liabilities, end of year
$31,171
Net assets or fund balances, end of year
$1,969,141
Program services expenses (Part IX)
$4,318,242
Management and general expenses
$178,592
Fundraising expenses
$37,931
Program service expenses (Part III)
$4,318,242

Program services were 95.2% 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

    $3,711,950

  • 2a · Program service revenue: REFUNDS & REIMBURSEMEN

    total $27,797 · related or exempt $27,797

  • 3 · Investment income

    total $16,438 · excluded $16,438

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,500 · program services $55,500

  • 3 · Grants to foreign organizations and individuals

    total $3,731,463 · program services $3,731,463

  • 5 · Compensation of officers, directors and key employees

    total $95,335 · program services $63,557 · management and general $31,778

  • 7 · Other salaries and wages

    total $220,692 · program services $176,567 · management and general $44,125

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $3,777 · management and general $3,777

  • 11g · Fees: other

    total $14,175 · management and general $14,175

  • 13 · Office expenses

    total $8,724 · program services $5,816 · management and general $2,908

  • 14 · Information technology

    total $10,802 · program services $10,802

  • 16 · Occupancy

    total $25,708 · program services $12,854 · management and general $12,854

  • 17 · Travel

    total $195,624 · program services $195,624

  • 20 · Interest

    total $84 · program services $84

  • 23 · Insurance

    total $90,335 · program services $45,168 · management and general $45,167

  • 24a · Other expenses: DONOR DEVELOPMENT EXPEN

    total $37,931 · fundraising $37,931

  • 24b · Other expenses: MERCHANT FEES

    total $15,844 · program services $7,922 · management and general $7,922

  • 24c · Other expenses: TELEPHONE

    total $13,307 · program services $6,653 · management and general $6,654

  • 24d · Other expenses: DUES, FEES, AND SUBSCRI

    total $5,800 · program services $2,900 · management and general $2,900

  • 24e · All other expenses

    total $6,664 · program services $3,332 · management and general $3,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,734,645 · end of year $940,802

  • 2 · Savings and temporary cash investments

    beginning of year $18,910 · end of year $1,055,597

  • 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 $8,913 · end of year $3,913

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,618 · end of year $31,171

  • 27 · Net assets without donor restrictions

    beginning of year $2,737,850 · end of year $1,969,141

Mission and programs · 2023

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 $4,318,242 · Grants $3,786,963 · Revenue $27,797

As filed on the 2023 return.

Listed in Part VII

  • Gerda Audagnotti

    CEO

    Total calculated
    $95,335
    From this org
    $95,335
    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

  • Louie Carson

    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

  • WHOLE HEART INTERNATIONAL

    $40,000

    BRINGING RELIEF AND RESOURCES TO HELP REBUILD THE LIVES OF THE POOR, THE DISTRESSED, AND THE BROKEN, HELPING THEM TO WHOLENESS BY ADDRESSING THEIR PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS

  • PRIORITY LIVING INC

    $10,000

    PREPARING CHRISTIAN LEADERS TO CHANGE THE WORLD THROUGH INFLUENTIAL WORKS OF SERVICE.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423209349320097

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