Love Inc Of Oceana County
- Assets
- $211.3k
- Revenue
- $269.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Shelby, MI
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-2466631
Organization Overview
Love Inc Of Oceana County is located in Shelby, MI. The organization was established in 2011. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Love Inc Of Oceana County employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Oceana County 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 Oceana County generated $269.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $208.6k during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PURPOSE IS TO ORGANIZE AND COORDINATE INDIVIDUALS AND CHURCHES IN OCEANA COUNTY TO RESPOND TO INDIVIDUAL, FAMILY, AND PROJECT NEEDS IN THE NAME OF CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Foley Executive Director | OfficerTrustee | 30 | $0 |
Lori Ray Treasurer | OfficerTrustee | 5 | $0 |
Barbara Hernandez Secretary | OfficerTrustee | 2 | $0 |
Dan Mulder Vice President | OfficerTrustee | 5 | $0 |
David Raskosky President | OfficerTrustee | 5 | $0 |
Jim Dezeeue Director | Trustee | 2 | $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 | $122,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,388 |
| Total Program Service Revenue | $2,696 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $145,012 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $5,237 |
| Information technology | $5,720 |
| Royalties | $0 |
| Occupancy | $15,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,549 |
| Insurance | $3,950 |
| All other expenses | $0 |
| Total functional expenses | $208,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,420 |
| Savings and temporary cash investments | $0 |
| 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 | $92,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,364 |
| Total assets | $211,315 |
| 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 | $211,315 |
| Net assets with donor restrictions | $0 |
| 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 | $211,315 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Love Inc Of Oceana County has recieved totaling $62.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
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Turning Point Soc Kokomo, IN | $4,417,046 | $5,043,066 |
Michigan Organization On Adolescent Sexual Health East Lansing, MI | $649,332 | $992,442 |
Michigan Breastfeeding Network Lansing, MI | $337,188 | $833,068 |
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