Loveworks Leadership Inc
- Assets
- $70.1k
- Revenue
- $287.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Norman, OK
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-4025891
Organization Overview
Loveworks Leadership Inc is located in Norman, OK. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Loveworks Leadership Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveworks Leadership 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 12/2023, Loveworks Leadership Inc generated $287.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $392.7k during the year ending 12/2023. While expenses have increased by 11.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP STUDENTS DEVELOPE PERSONAL CHARACTER, INSTILL LEADERSHIP, AND LEARN ENTREPRENEURSHIP SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMPS FOR 5TH-8TH GRADE. THESE UNFORGETABLE AND POWERFULCAMP EXPERIENCES WILL INSPIRE STUDENTS TO DISCOVER THEIR POTENTIAL THROUGH HANDS-ON LEARNING PROJECTS TAILORED TOWARD INTEREST GROUPS. EACH STUDENT PARTICIPATES IN A CONCEPT AREA OF THEIR CHOOSING FOR THE WEEK INCLUDING: CULINARY, MUSIC, ARCHITECTURE, FASHION, ENTREPENEURSHIP, ATHLETICS, JOURNALISM AND MORE. LOCAL COMMUNITY PROFESSIONALS LEAD STUDENTS THROUGH ACTIVITIES THAT ALLOW THEM TO LEARN THE ART AND SKILL ASSOCIATED WITH THESE AREAS OF INTEREST. THE CAMP EXPERIENCE CULMINATES IN COMPLETING REAL-LIFE PROJECTS THAT GIVE THE STUDENTS A TANGIBLE UNDERSTANDING OF POTENTIAL CAREER PATHS. COMPLETED 5TH-7TH GRADE STUDENTS HOSTED AT THE LOVEWORKS CAMPUS ON SELECT DAYS DURING THE MONTH OF JUNE.
THROUGH OUR AFTERSCHOOL LEADERSHIP PROGRAM, WE PROVIDE ROLE MODELS AND ACTIVITIES FOCUSED TOWARDS CHARACTER DEVELOPEMET. WE ARE DEVELOPING STUDENTS WHO CAN ACHIEVE THEIR LIFE POTENTIAL AND LEAVE A POSITIVE CONTRIBUTION WITH OUR COMMUNITY. 6TH-8TH GRADE STUDENTS ARE HOSTED AT THE LOVEWORKS CENTER ON SELECT DAYS FROM 4:00-6:00 PM.
EARLY,IS A YOUTH ENTREPRENEURSHIP PROGRAM EQUIPPING KIDS TO BE DREAMERS AND DOERS THROUGH STARTING THEIR OWN BUSINESS AND TO SUPPORT INNOVATION AND CREATIVITY IN YOUNG ENTREPRENEURS. WE HELP STUDENTS AGES 8-15 DEVELOP ENTREPRENEURIAL SKILLS THROUGH STARTING THEIR VERY OWN BUSINESS. WE HELP STUDENTS SOLIDIFY AND FORTIFY THEIR PRODUCT/SERVICE, BUDGET, MARKETING STRATEGY, AND THEIR SALES PITCH. STUDENTS FIRST MILESTONE WILL BE GETTING THEIR BUSINESS READY FOR THE NORMAN FARMERS MARKET. EACH COHORT WILL HAVE 5 WEEKLY MEETINGS, 4 VIRTUALLY AND 1 IN-PERSON WITH ALL STUDENTS. THESE MEETINGS ARE MEANT TO HELP INSPIRE AND SHOW YOU THE NEXT STEPS OF DEVELOPING YOUR BUSINESS, BUT THE MAJORITY OF MAKING YOUR BUSINESS HAPPEN BETWEEN THE CALLS AS YOU WORK ON YOUR BUSINESS AND SCHEDULE INDIVIDUAL, SPECIALIZED MEETINGS WITH YOUR BUSINESS COACHES.
AT HOME LEADERSHIP - A NEW ONLINE PLATFORM THAT INCLUDES WEEKLY LESSONS, ACTIVITIES AND CHALLENGES, AND ZOOM CALLS. LINK WITH LOVEWORKS - INSPIRING LIVE-STREAM AND PODCAST INTERVIEWS WITH LEADERS AROUND THE WORLD. JUNIOR LEADERSHIP INSTITUTE - A DAYTIME PROGRAM DESIGNED FOR STUDENTS DOING VIRTUAL, BLENDED, OR HOMESCHOOL LEARNING. THE PROGRAM FOCUSES ON LEADERSHIP, CAREER-READINESS, AND COMMUNITY IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bergen Director | Trustee | 2 | $0 |
Monica Paris Director | Trustee | 2 | $0 |
Matt Haben Director | Trustee | 2 | $0 |
Rusty Loeffler Director | Trustee | 2 | $0 |
Jamie Guthrie President | OfficerTrustee | 2 | $0 |
Jennifer Zumwalt Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,144 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,555 |
| Total Program Service Revenue | $6,044 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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 | $143,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250 |
| Advertising and promotion | $2,968 |
| Office expenses | $3,788 |
| Information technology | $14,962 |
| Royalties | $0 |
| Occupancy | $108,984 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,682 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,598 |
| Insurance | $9,018 |
| All other expenses | $15,310 |
| Total functional expenses | $392,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,224 |
| 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 | $11,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,708 |
| Total assets | $70,066 |
| Accounts payable and accrued expenses | $6,749 |
| 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 | $6,749 |
| Net assets without donor restrictions | -$2,598 |
| Net assets with donor restrictions | $65,915 |
| 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 | $70,066 |