Lovestrand Inc
- Assets
- $0.0
- Revenue
- $1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Coast, FL
- Founding
- 11/1991
- Data as of
- 12/2020
- EIN
- 11-2990677
Organization Overview
Lovestrand Inc is located in Palm Coast, FL. The organization was established in 1991. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations.
For the year ending 12/2020, Lovestrand Inc generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $64.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO MINISTRIES WHO HELP PEOPLE WHO ARE DISADVANTAGED AND PROVIDE SPIRITUAL GUIDANCE IN THE COMMUNITIES WHICH THEY SERVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Taylor- Radford Vice President | 10 | $0 | |
Ronald R Radford President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,737 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,043 |
| Total operating and administrative expenses | $63,018 |
| Contributions, gifts, grants paid | $1,737 |
| Total expenses and disbursements | $64,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lovestrand Inc has awarded $1,737 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PALM COAST BIBLE CHURCH PURPOSE: ASSISTANCE TO THE GENERAL PURPOSE OF THE LOCAL CHURCH | $1,112 |
OUR DAILY BREAD PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $125 |
SKYLARK MINISTRIES PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $500 |