Love Inc Of Boone Co Inc
- Assets
- $373.3k
- Revenue
- $251.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Lebanon, IN
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-5072512
Organization Overview
Love Inc Of Boone Co Inc is located in Lebanon, IN. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Love Inc Of Boone Co Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Boone Co Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Love Inc Of Boone Co Inc generated $251.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $211.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE AREA CHURCHS TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A CLEARINGHOUSE CONNECTING PEOPLE WITH NEEDS TO RESOURCES IN OUR COMMUNITY TO MEET THOSE NEEDS. WE REFER TO AREA AGENCIES, A NETWORK OF 36 CHURCHES, AND OVER 1000 INDIVIDUALS WHO HAVE VOLUNTEERED A VARIETY OF SERVICES TO HELP PEOPLE IN NEED. OUR ULTIMATE GOAL IS TO DEVELOP RELATIONSHIPS WITH FAMILIES, TEACHING THEM LIFE SKILLS, WITH A GOAL OF HELPING THEM TO REGAIN THEIR FINANCIAL INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Hoffman Co-Exec Dire | Officer | 40 | $43,722 |
Marcia Overfield Co-Exec Dire | Officer | 40 | $43,722 |
Dean Devries Board Chair | OfficerTrustee | $0 | |
Kim Glass Treasurer | OfficerTrustee | 14 | $0 |
Cindy Hall Board Chair | OfficerTrustee | 10 | $0 |
Mark King Secretary 1/ | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,236 |
| Total Program Service Revenue | $0 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,925 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,011 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $251,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $26,472 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,444 |
| Compensation of current officers, directors, key employees. | $34,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65 |
| Office expenses | $19,912 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,162 |
| Insurance | $7,431 |
| All other expenses | $12 |
| Total functional expenses | $211,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,318 |
| Savings and temporary cash investments | $211,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $86,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $735 |
| Total assets | $373,279 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $355,151 |
| Net assets with donor restrictions | $18,128 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $373,279 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Love Inc Of Boone Co Inc has recieved totaling $12,583.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Boone County Inc Lebanon, IN PURPOSE: GENERAL SUPPORT | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Christian Social Service Of Illinois Belleville, IL | $18,359,176 | $39,517,456 |
Lifeline Youth & Family Services Inc Fort Wayne, IN | $15,628,659 | $38,083,955 |
Chicago Commons Association Chicago, IL | $18,778,773 | $34,368,248 |