Let Love Rule Foundation
- Assets
- $80.9k
- Revenue
- $63.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-2984544
Organization Overview
Let Love Rule Foundation is located in Los Angeles, CA. The organization was established in 2010. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Let Love Rule Foundation 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 12/2022, Let Love Rule Foundation generated $63.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $143.1k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lenny Kravitz President | 0.25 | $0 | |
J Jeffrey Hafer Secretary | 0.25 | $0 | |
Richard Feldstein Chief Financial Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,786 |
| 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 | $63,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $137,358 |
| Total operating and administrative expenses | $143,094 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $143,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,163 |
| 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 | $21,689 |
| Other assets | $0 |
| Total assets | $80,852 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $80 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $80 |
Grants Awarded
Over the last fiscal year, Let Love Rule Foundation has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD CENTRAL KITCHEN PURPOSE: HURRICANE DORIAN RELIEF EFFORT. | $10,000 |
CORE COMMUNITY ORGANIZED RELIEF EFFORT PURPOSE: HURRICANE DORIAN RELIEF EFFORT. | $10,000 |
NATIONAL ASSOCIATION OF THE BAHAMAS PURPOSE: HURRICANE DORIAN RELIEF.HURRICANE DORIAN RELIEF EFFORT. | $10,000 |