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Nonprofiteer
← INTERNATIONAL WE LOVE U FOUNDATION EAST COAST REGION INC

Form 990 for tax year 2022

Filed by INTERNATIONAL WE LOVE U FOUNDATION EAST COAST REGION INC.

Totals

Total revenue
$648,880
Total expenses
$460,139
Contributions and grants received
$540,283
Grants paid
$70,933
Program service revenue
$107,012
Investment income
$1,585
Other revenue
$0
Total assets, end of year
$1,495,607
Total liabilities, end of year
$341,100
Net assets or fund balances, end of year
$1,154,507
Program services expenses (Part IX)
$342,084
Management and general expenses
$102,856
Fundraising expenses
$15,199
Program service expenses (Part III)
$342,085

Program services were 74.3% 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.

  • 1b · Membership dues

    $183,518

  • 1c · Fundraising events

    $78,752

  • 1f · All other contributions, gifts and grants

    $278,013

  • 1g · Noncash contributions included above

    $76,272

  • 2a · Program service revenue: Education

    total $52,646 · related or exempt $52,646

  • 2b · Program service revenue: Community Wellbeing

    total $38,778 · related or exempt $38,778

  • 2c · Program service revenue: Clean World Movement

    total $14,538 · related or exempt $14,538

  • 2d · Program service revenue: Health Blood Drives

    total $1,050 · related or exempt $1,050

  • 3 · Investment income

    total $1,585 · related or exempt $1,585

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

    $78,752

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 2 · Grants to domestic individuals

    total $69,933 · program services $69,933

  • 7 · Other salaries and wages

    total $16,064 · program services $12,851 · management and general $3,213

  • 9 · Other employee benefits

    total $508 · management and general $508

  • 10 · Payroll taxes

    total $1,909 · program services $1,527 · management and general $382

  • 11c · Fees: accounting

    total $572 · management and general $572

  • 11g · Fees: other

    total $1,600 · program services $1,250 · fundraising $350

  • 13 · Office expenses

    total $277,111 · program services $221,256 · management and general $41,364 · fundraising $14,491

  • 16 · Occupancy

    total $65,085 · program services $19,923 · management and general $45,162

  • 17 · Travel

    total $14,582 · program services $14,224 · fundraising $358

  • 19 · Conferences, conventions and meetings

    total $120 · program services $120

  • 22 · Depreciation, depletion and amortization

    total $11,655 · management and general $11,655

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $679,419 · end of year $748,185

  • 2 · Savings and temporary cash investments

    beginning of year $1,001 · end of year $1,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $232,000

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

    $718,447

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

    $36,180

  • 10c · Land, buildings and equipment, net

    beginning of year $11,085 · end of year $682,267

  • 15 · Other assets

    beginning of year $42,510 · end of year $64,154

  • 17 · Accounts payable and accrued expenses

    beginning of year $249 · end of year $462

  • 23 · Secured mortgages and notes payable

    end of year $340,638

  • 27 · Net assets without donor restrictions

    beginning of year $953,266 · end of year $1,119,071

  • 28 · Net assets with donor restrictions

    beginning of year $12,500 · end of year $35,436

Mission and programs · 2022

Mission

For a happier and healthier society, the International WeLoveU Foundation promotes unity and friendship among all people through impactful environmental and social welfare volunteer service.

Activities or mission (Part I)

For a happier and healthier society the International WeLoveU Foundat ion carries out impactful environmental and social welfare initiatives

  • The Intl. WeLoveU Foundation has been organizing cleanups near beaches, parks, mountains, and streets under the environmental campaign Clean WORLD Movement since 2008 to achieve clean water, oxygen, life, and descendants. In 2022, volunteers nationwide removed thousands of pounds in trash through environmental cleanups and helped plant trees as part of Mom's Garden Project, which aims to plant 1 million trees by 2026.

    Expenses $143,441 · Revenue $14,538

  • The Intl. WeLoveU Foundation's education initiative is a growing umbrella with various programs. In 2022, WeLoveU organized WeLo's Winter Weather Clothing Drive, donating new winter coats and accessories to children ages 5-10 in under-served neighborhoods. WeLoveU also organized Packs on Backs and Tools for Schools, which provided thousands of students with new backpacks and school supplies to alleviate families' burdens from the financial hardship of back-to-school shopping. Lastly, WeLoveU planned We Love Our Schools, where volunteers painted a school's doors in Philadelphia.

    Expenses $111,543 · Grants $69,933 · Revenue $52,646

  • The WeLoveU Foundation promotes healthy living and the well-being of all people. Since 2008, WeLoveU has been hosting worldwide blood drive to save lives and combat blood shortages. In 2022, WeLoveU hosted small to large-scale blood drives nationwide to provide patients with life-giving resources.

    Expenses $63,285 · Revenue $1,050

  • Volunteers participated in enhancing comunity well-being by revitalizing a park in Northeast Phildaelphia and also recognizing volunteer's efforts.

    Expenses $23,816 · Revenue $38,778

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dong Il Lee

    President

    Total calculated
    $0

  • Iven Rodriguez

    Vice President

    Total calculated
    $0

  • Rebecca Parker

    Secretary

    Total calculated
    $0

  • Paul Cha

    Treasurer

    Total calculated
    $0

  • John Casas

    VP of Community Engage

    Total calculated
    $0

  • Victor Lozada

    VP of Compliance

    Total calculated
    $0

  • John Power

    VP Global Partnership

    Total calculated
    $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
11 July 2023
IRS schema version
2022v5.0
Source object
202341929349301329

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