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Nonprofiteer
← LOVE AKRON

Form 990 for tax year 2022

Filed by LOVE AKRON.

Totals

Total revenue
$374,039
Total expenses
$377,248
Contributions and grants received
$379,982
Grants paid
$7,619
Program service revenue
$0
Investment income
$1
Other revenue
-$5,944
Total assets, end of year
$137,635
Total liabilities, end of year
$16,919
Net assets or fund balances, end of year
$120,716
Program services expenses (Part IX)
$170,882
Management and general expenses
$119,281
Fundraising expenses
$87,085
Program service expenses (Part III)
$170,882

Program services were 45.3% 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.

  • 1c · Fundraising events

    $92,982

  • 1f · All other contributions, gifts and grants

    $287,000

  • 3 · Investment income

    total $1 · excluded $1

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

    $92,982

  • 8b · Fundraising events: direct expenses

    $5,944

  • 8c · Net income from fundraising events

    total -$5,944 · excluded -$5,944

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,619 · program services $7,619

  • 5 · Compensation of officers, directors and key employees

    total $121,458 · program services $48,584 · management and general $42,510 · fundraising $30,364

  • 7 · Other salaries and wages

    total $103,818 · program services $41,527 · management and general $36,336 · fundraising $25,955

  • 10 · Payroll taxes

    total $15,701 · program services $6,281 · management and general $5,495 · fundraising $3,925

  • 11c · Fees: accounting

    total $12,286 · program services $4,914 · management and general $4,300 · fundraising $3,072

  • 11g · Fees: other

    total $20,434 · program services $8,173 · management and general $7,152 · fundraising $5,109

  • 12 · Advertising and promotion

    total $11,803 · program services $11,803

  • 13 · Office expenses

    total $5,308 · program services $2,123 · management and general $1,858 · fundraising $1,327

  • 14 · Information technology

    total $12,311 · program services $8,267 · management and general $2,359 · fundraising $1,685

  • 16 · Occupancy

    total $27,687 · program services $11,075 · management and general $9,690 · fundraising $6,922

  • 19 · Conferences, conventions and meetings

    total $8,747 · program services $3,575 · fundraising $5,172

  • 22 · Depreciation, depletion and amortization

    total $1,124 · program services $450 · management and general $393 · fundraising $281

  • 23 · Insurance

    total $1,370 · program services $547 · management and general $480 · fundraising $343

  • 24a · Other expenses: VIDEO AND AUDIO

    total $8,263 · program services $8,263

  • 24b · Other expenses: PRINTING AND COPYING

    total $7,918 · program services $3,167 · management and general $2,771 · fundraising $1,980

  • 24c · Other expenses: TELEPHONE AND INTERNET

    total $3,798 · program services $1,519 · management and general $1,329 · fundraising $950

  • 24d · Other expenses: PROGRAM EXPENSES

    total $2,595 · program services $2,595

  • 24e · All other expenses

    total $5,008 · program services $400 · management and general $4,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,939 · end of year $133,432

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

    $7,053

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

    $2,850

  • 10c · Land, buildings and equipment, net

    beginning of year $3,994 · end of year $4,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,008 · end of year $16,919

  • 27 · Net assets without donor restrictions

    beginning of year $123,925 · end of year $120,716

Mission and programs · 2022

Mission

LOVE AKRON IS A CHRISTIAN-BASED ORGANIZATION THAT IS AN INTERSECTIONAL HUB WORKING TO UNIFY THE COLORS, CULTURES, AND CONGREGATIONS BY CONNECTING, CONVENING, AND COLLABORATING WITH CHANGE-MAKERS TO MAKE A COLLECTIVE IMPACT TO SEE GREATER AKRON THRIVE.

Activities or mission (Part I)

THE MISSION OF LOVE AKRON NETWORK IS TO CALL CHRISTIAN LEADERS OF THE GREATER AKRON AREA TO PRAY, UNITE AND COLLABORATE IN MINISTRY FOR THE ADVANCEMENT OF SPIRITUAL AND SOCIAL TRANSFORMATION IN OUR COMMUNITIES.

  • AKRON CONNECT IS A COALITION OF CHRISTIAN LEADERS IN THE MARKETPLACE WHO GATHER ONCE A MONTH TO PRAY AND INITIATE WAYS TO UNITE THEIR INDIVIDUAL GIFTS AND COLLECTIVE RESOURCES TO SERVE THE GREATER AKRON, OHIO AREA. IN 2022, AKRON CONNECT HAD AN ESTIMATED 35 PEOPLE PER MONTH COME TOGETHER TO PRAY, NETWORK AND COLLABORATE. IN ADDITION, WE HOST AN ANNUAL AWARDS BREAKFAST TO RECOGNIZE AND HONOR LOCAL COMMUNITY LEADERS

    Expenses $138,123 · Grants $7,619

  • ONE LIFE AT A TIME: AN EXTENSION MINISTRY OFFERING YOUNG MEN A MENTORING PROGRAM AS AN ALTERNATIVE TO CONVENTIONAL SENTENCING. ONE LIFE CONNECTS MEMBERS FROM LOCAL CHURCHES TO THESE YOUNG MEN WHO OFTEN DO NOT HAVE A FATHER FIGURE OR SPIRITUAL LEADER. LOVE AKRON COMMITS 10% OF THE AWARDS BREAKFAST INCOME TO SUPPORT THIS PROGRAM.

    Expenses $32,759

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

Listed in Part VII

  • KEMP BOYD

    EXECUTIVE DI

    Total calculated
    $121,458
    From this org
    $107,926
    From related orgs
    $0
    Other
    $13,532
    Hours/week
    40
  • DAVID BEASLEY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • DAREN BRAKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ADINA CALHOUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOE CARUSO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DAN COLENTONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MATTHEW DUNCAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SAMUAL HAMPTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ERICA HOWARD

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • HENRY JOHNSON JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MIKE KRAYNAK

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • LESA LAVENDAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • EVAN PERROW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JON PRICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL ROBINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • HANNAH WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • CHRIS YOUNG

    VICE CHAIR

    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
20 October 2023
IRS schema version
2022v5.0
Source object
202342979349301224

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