Totals
- Total revenue
- $1,855,350
- Total expenses
- $1,849,163
- Contributions and grants received
- $1,264,447
- Grants paid
- $104,389
- Program service revenue
- $584,925
- Investment income
- $5,418
- Other revenue
- $560
- Total assets, end of year
- $1,033,775
- Total liabilities, end of year
- $518,362
- Net assets or fund balances, end of year
- $515,413
- Program services expenses (Part IX)
- $1,495,332
- Management and general expenses
- $315,087
- Fundraising expenses
- $38,744
- Program service expenses (Part III)
- $1,495,332
Program services were 80.9% 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)
$165,189
-
1f · All other contributions, gifts and grants
$1,099,258
-
1g · Noncash contributions included above
$639,098
-
2a · Program service revenue: Thrift Store Revenue
total $584,925 · related or exempt $584,925
-
3 · Investment income
total $5,418 · excluded $5,418
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$517
-
10c · Net income from sales of inventory
total $517 · unrelated business $517
-
11a · Other revenue: Referral commissions
total $43 · unrelated business $43
-
11e · Other revenue, total
$43
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $104,389 · program services $104,389
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $78,668 · program services $46,553 · management and general $19,269 · fundraising $12,846
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $525,022 · program services $382,944 · management and general $135,655 · fundraising $6,423
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $45,513 · program services $34,515 · management and general $10,998
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $34,899 · management and general $34,899
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $62,989 · program services $44,317 · management and general $3,862 · fundraising $14,810
-
12 · Advertising and promotion
total $9,315 · program services $1,688 · management and general $6,589 · fundraising $1,038
-
13 · Office expenses
total $47,880 · program services $28,153 · management and general $16,839 · fundraising $2,888
-
14 · Information technology
total $37,769 · program services $5,011 · management and general $32,758
-
15 · Royalties
total $0
-
16 · Occupancy
total $136,402 · program services $105,704 · management and general $30,698
-
17 · Travel
total $7,070 · program services $4,860 · management and general $1,471 · fundraising $739
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $13,082 · program services $12,900 · management and general $182
-
20 · Interest
total $68 · management and general $68
-
21 · Payments to affiliates
total $17,974 · management and general $17,974
-
22 · Depreciation, depletion and amortization
total $7,784 · program services $7,784
-
23 · Insurance
total $26,617 · program services $26,617
-
24a · Other expenses: Thrift store expenses
total $693,722 · program services $689,897 · management and general $3,825
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $203,983 · end of year $249,203
-
2 · Savings and temporary cash investments
beginning of year $200,181 · end of year $211,442
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $17,115 · end of year $29,041
-
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
$46,267
-
10b · Land, buildings and equipment: accumulated depreciation
$33,048
-
10c · Land, buildings and equipment, net
beginning of year $20,047 · end of year $13,219
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $212,586 · end of year $525,670
-
17 · Accounts payable and accrued expenses
beginning of year $53,780 · end of year $47,511
-
25 · Other liabilities
beginning of year $156,486 · end of year $470,851
-
27 · Net assets without donor restrictions
beginning of year $265,252 · end of year $314,158
-
28 · Net assets with donor restrictions
beginning of year $183,594 · end of year $201,255
Mission and programs · 2024
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 leverages a vast network of community services and resources to help people in need transform their lives so that individuals can live into the full potential that God has for them.
-
Village Thrift Shop: In addition to providing a great means of reusing and repurposing goods instead of sending them to landfills, our thrift store also gives us the opportunity to provide entry-level jobs to clients in our program, such as cashier and transport truck positions. Our store also offers all clients in our program 80% off our store price and this allows people to buy clothes, appliances, and housewares at significantly reduced prices. We also partner with other nonprofit organizations in our community, and we allow the people they serve to receive significantly discounted prices on all items in our store. All profits from our store go directly to our client programming, and we put nearly $200,000 of profit back into our client programming each year.
Expenses $1,021,165 · Grants $1,326 · Revenue $584,925
-
Investing in Clients: The heartbeat of our organization is our life transformation pipeline for low-income residents of our community who come to us seeking a hand-up. Over the past 22 years we have built a community-wide partnership network that includes 71 churches, 51 nonprofit organizations, 22 businesses, and 3 government agencies. We leverage the collective power of this network to remove obstacles facing our clients so that they can truly transform their lives. Everything begins with a call. When people experiencing need call Love INC we perform a client-intake and then we match them with a trained, volunteer mentor who calls them every week to check-in, create an action plan, and provide gentle accountability around mutually-agreed-upon goals. As trust grows between the client and the mentor, the mentor learns what the client needs, and then activates our vast partnership network to meet their needs. As the clients stabilize, we encourage them to participate in our life skills curriculum, which includes 8-week courses in subjects such as personal finance, employment, parenting, health and nutrition, and healing from trauma. When all is said and done, we seek to transform people from consumers of programs to contributors toward the greater good of our community.
Expenses $289,179 · Grants $101,031
-
The Church Mobilized: Too often, churches don't know how to help our community, and so Love INC provides a structured and coordinated way for churches from across denominational lines to work together to help people experiencing need. Love INC vets each need, and then we mobilize churches to get involved in the lives of people in our community. This can look many different ways, and it includes group service projects, donating vehicles to people in need, contributing supplies to a community-wide personal care pantry which provides goods often lacking from food pantries (soaps, detergents, paper towels, shampoo, feminine hygiene products), rallying churches to serve the homeless, and coordinating churches to bless local schools.
Expenses $161,861 · Grants $94
-
Transform Community: We bring business, nonprofit, government, and church leaders together in order to tackle major problems in our community such as the shortage of attainable housing, predatory lending, the need for greater support around our foster care system, our need for cold night shelters, human trafficking, and domestic violence. By leveraging the power of our community, we facilitate systemic changes that shape our community into a better place for all people. Our position of influence in the community allows us to bring together missionally-aligned organizations and individuals to create solutions to some of our community's biggest problems. Several recent successes on the community-level have been the creation of cold night shelters in several cities, the creation of a foster care support network, and the creation of a 24/7 crisis hotline for ministry leaders experiencing crisis.
Expenses $23,127 · Grants $1,938
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kristy Stuart
Executive Dir.
- Total calculated
- $78,631
- From this org
- $78,631
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Scott Dixon
Chairman
- Total calculated
- $0
- Hours/week
- 0.69
-
Beth Courtney
Treasurer
- Total calculated
- $0
- Hours/week
- 0.69
-
Janie McDermott
Secretary
- Total calculated
- $0
- Hours/week
- 0.69
-
Gloria Lorey
Director
- Total calculated
- $0
- Hours/week
- 0.69
-
Rebecca Schultz
Director
- Total calculated
- $0
- Hours/week
- 0.69
-
Lesli Smith
Director
- Total calculated
- $0
- Hours/week
- 0.69
-
Chris Waldrop
Director
- Total calculated
- $0
- Hours/week
- 0.69
-
James Macchi
Director
- Total calculated
- $0
- Hours/week
- 0.69
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
- 2024
- Filed
- 16 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531369349301758
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