Loveiam
- Assets
- $26.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 27-0185650
Organization Overview
Loveiam is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveiam 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 12/2023, Loveiam generated $136.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $151.1k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE 2023 LOVEIAM HEART & SOUL PARTY NETTED OVER $135,000. THE EVENT WAS SOLD OUT WITH ABOUT 320 ATTENDEES. AS A RESULT WE WERE ABLE TO SUPPORT THE NICK & KELLY CHILDRENS HEART FUND BY PROVIDING THEM WITH A CHECK FOR $150,000 TO SUPPORT KIDS WITH CONGENITAL HEART DEFECTS TO ATTEND HEART CAMP AT FRIENDLY PINES CAMP IN PRESCOTT, ARIZONA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daradee Olson Director | 0 | $0 | |
Candace Olson Director | 0 | $0 | |
Stuart Olson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $111,009 |
| Other Revenue | $0 |
| Total Revenue | $136,009 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,060 |
| Total expenses | $151,060 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,591 |
| Other assets | $0 |
| Total assets | $26,591 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,591 |