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Nonprofiteer
← LOOM INTERNATIONAL

Form 990 for tax year 2023

Filed by LOOM INTERNATIONAL.

Totals

Total revenue
$163,481
Total expenses
$129,684
Contributions and grants received
$163,481
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$86,267
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$86,267
Program services expenses (Part IX)
$96,592
Management and general expenses
$33,000
Fundraising expenses
$92
Program service expenses (Part III)
$96,592

Program services were 74.5% 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

    $163,481

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $33,000 · management and general $33,000

  • 7 · Other salaries and wages

    total $8,784 · program services $8,784

  • 9 · Other employee benefits

    total $6,673 · program services $6,673

  • 10 · Payroll taxes

    total $3,488 · program services $3,488

  • 11g · Fees: other

    total $5,917 · program services $5,917

  • 12 · Advertising and promotion

    total $395 · program services $303 · fundraising $92

  • 13 · Office expenses

    total $2,129 · program services $2,129

  • 14 · Information technology

    total $4,565 · program services $4,565

  • 16 · Occupancy

    total $149 · program services $149

  • 17 · Travel

    total $19,259 · program services $19,259

  • 19 · Conferences, conventions and meetings

    total $17,563 · program services $17,563

  • 22 · Depreciation, depletion and amortization

    total $309 · program services $309

  • 23 · Insurance

    total $2,886 · program services $2,886

  • 24a · Other expenses: MINISTRY SUPPORT

    total $12,945 · program services $12,945

  • 24b · Other expenses: DEP FUNDS DISPURSEMENT

    total $5,486 · program services $5,486

  • 24c · Other expenses: GRANT EXPENSES

    total $2,482 · program services $2,482

  • 24d · Other expenses: BANK CHARGES

    total $1,400 · program services $1,400

  • 24e · All other expenses

    total $2,254 · program services $2,254

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,140 · end of year $42,884

  • 4 · Accounts receivable

    beginning of year $38,057 · end of year $43,119

  • 7 · Other notes and loans receivable

    beginning of year $110 · end of year $110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $700

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

    $6,720

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

    $6,566

  • 10c · Land, buildings and equipment, net

    beginning of year $463 · end of year $154

  • 27 · Net assets without donor restrictions

    beginning of year $52,470 · end of year $86,267

Mission and programs · 2023

Mission

LOOM INTERNATIONAL IS A GROUP OF PEOPLE WHO ARE PASSIONATELY DEDICATED TO EMPOWERING THE MOST VULNERABLE WITH CHOICE IN EVERY AREA OF THEIR LIFE. WE DO THIS BY BRINGING TANGIBLE SOLUTIONS BY OFFERING PRACTICAL RESOURCES, TRAINING AND INFORMATION TO LOCAL EXPERTS LIVING AND WORKING IN THEIR COMMUNITIES.

  • 1. IN THIS FISCAL YEAR LOOM INTERNATIONAL HAS INVESTED SPECIFICALLY IN THE AREA OF EARLY CHILDHOOD EDUCATION (ECE). THIS HAS BEEN ACCOMPLISHED THROUGHT HIRING OUR FIRST ECE SERVICE COORDINATOR IN EAST AFRICA AND HOSTING OVER 40 DAYS OF TRAINING, SERVING 90 CLIENTS AND OVER 5000 CHILDREN AT RISK.

  • 2. LOOM INTERNATIONAL HAS INVESTED STRATEGIVALLY IN COMMUNITY DEVELOPMENT AND INFRASTRUCTURE PROJECTS, INCLUDING BIOGAS, WATER, AND SCHOOL BUILDINGS, SERVING A TOTAL OF 5 LOCATIONS AND THOUSANDS OF COMMUNITY MEMBERS IN RURAL LOCATIONS. 3.LOOM INTERNATIONAL HAS CONTINUED TO INVEST IN JOB TRAINING AND COACHING THROUGH CAPACITY BUILDING, SOCIAL ENTERPRISE TRAININGS, ONGOING BUSINESS COACHING. AND TARGETED START-UP INVESTMENTS. IN TOTAL, WE HAVE SERVED OVER 30 LEADERS IN 7 COUNTRIES.

    Expenses $96,592

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Colleen Milstein

    EXECUTIVE DI

    Total calculated
    $33,000
    From this org
    $33,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Boyd

    BOARD CHAIRM

    Total calculated
    $0

  • Janna Renee Moats

    FOUNDER/BOAR

    Total calculated
    $0

  • Lionel Thompson

    BOARD MEMBER

    Total calculated
    $0

  • Doug De Vries

    BOARD MEMBER

    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
2023
Filed
24 September 2024
IRS schema version
2023v5.0
Source object
202442689349301444

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