Live2540 Inc
- Assets
- $851.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Cartersville, GA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 27-4270641
Organization Overview
Live2540 Inc is located in Cartersville, GA. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Live2540 Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live2540 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, Live2540 Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 17.3% 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 PROVIDE SUPPORT TO CHILDREN'S MINISTRY INC., AN ORPHANAGE AND ABANDONMENT HOME LOCATED IN BONG COUNTY LIBERIA WEST AFRICA. THE ORGANIZATION'S WORK HELPS TO ALLEVIATE POVERTY AND PROVIDES A SAFE ENVIRONMENT FOR ORPHANED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED OR PROVIDED MEALS, SCHOOL SUPPLIES, MEDICAL CARE AND SUPPLIES, CLOTHES, SOLAR PANELS, BUILDING IMPROVEMENTS TO THE ORPHANAGE. ALSO, PROVIDED THE ORPHANAGE WITH FUNDING FOR STAFF SALARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Roberts President | Officer | 40 | $73,390 |
Chrissy Roberts Secretary | Officer | 40 | $67,450 |
Sherry Kerr Treasurer | Officer | 5 | $10,809 |
Haley Benefield Director | Trustee | 5 | $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 | $1,185,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,185,619 |
| Total Program Service Revenue | $0 |
| Investment income | $219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $198,570 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,384,408 |
| 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 | $697,990 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,649 |
| Compensation of current officers, directors, key employees. | $22,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,132 |
| Payroll taxes | $27,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,900 |
| Travel | $10,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,406 |
| All other expenses | $2,008 |
| Total functional expenses | $1,169,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835,271 |
| 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 | $16,264 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $851,535 |
| Accounts payable and accrued expenses | $29,713 |
| 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 | $29,713 |
| Net assets without donor restrictions | $821,822 |
| 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 | $851,535 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Live2540 Inc has recieved totaling $600,579.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $450,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $150,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |