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 5 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $64.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 5 years. 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.
PROVIDE FINANCIAL SUPPORT TO MINISTRIES WHO HELP PEOPLE WHO ARE DISADVANTAGED AND PROVIDE SPIRITUAL GUIDANCE IN THE COMMUNITIES WHICH THEY SERVE.
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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 $3,474 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PALM COAST BIBLE CHURCH PURPOSE: ASSISTANCE TO THE GENERAL PURPOSE OF THE LOCAL CHURCH | $1,112 |
PALM COAST BIBLE CHURCH PURPOSE: ASSISTANCE TO THE GENERAL PURPOSE OF THE LOCAL CHURCH | $1,112 |
SKYLARK MINISTRIES PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $500 |
SKYLARK MINISTRIES PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $500 |
OUR DAILY BREAD PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $125 |
OUR DAILY BREAD PURPOSE: PROVIDE ASSISTANCE TO THOSE IN NEED | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shriners International Tampa, FL | $18,215,271 | $7,110,685 |
Grand Boule Of The Sigma Pi Phi Fraternity Group Return Atlanta, GA | $9,949,734 | $8,607,206 |
Shriners International Atlanta, GA | $11,582,614 | $4,459,948 |
Grand Boule Of The Sigma Pi Phi Fraternity Atlanta, GA | $4,330,483 | $3,084,702 |
Morningside Masonic Temple Corporation Atlanta, GA | $0 | $704,676 |
Kappa Epsilon Psi Military Sorority Inc Decatur, GA | $679,272 | $784,023 |
Free & Accepted Masons Of Georgia Macon, GA | $4,986,267 | $1,882,769 |
Fraternal Order Of Eagles Port Orange, FL | $1,711,330 | $1,240,073 |
Shriners International Savannah, GA | $2,051,786 | $1,185,034 |
Most Worshipful Prince Hall Grand Riverdale, GA | $3,862,786 | $941,556 |
Mystics Of Time Mobile, AL | $1,352,508 | $854,471 |
Free & Accepted Masons Of Alabama Millbrook, AL | $24,021,831 | $1,955,542 |