Jessicas Love Foundation
- Assets
- $2.6m
- Revenue
- $166.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Ojai, CA
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 32-0340597
Organization Overview
Jessicas Love Foundation is located in Ojai, CA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Jessicas Love 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, Jessicas Love Foundation generated $166.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $172.7k during the year ending 12/2022. While expenses have increased by 7.3% 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.
Since 2017, Jessicas Love Foundation has awarded 18 individual grants totaling $440,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) IMPACT NETWORK SANTA FEOVER THE PAST SEVEN YEARS, JESSICA'S LOVE FOUNDATION (JLF) HAS SPEARHEADED THIS PROGRAM IN THE SANTA FE, NEW MEXICO REGION FOCUSED ON INTERCONNECTING, EDUCATING, AND PARTNERSHIP BUILDING WITH KEY LOCAL ECONOMIC DEVELOPMENT STAKEHOLDERS FROM THE PUBLIC, PRIVATE, AND PHILANTHROPIC SECTORS IN SUPPORTING THE DEVELOPMENT OF A STRONG SOCIAL ENTREPRENEURIAL AND IMPACT INVESTING ECOSYSTEM FOR GROWING WHOLE COMMUNITY HEALTH AND WEALTH IN THE REGION. THIS INITIATIVE HAS BEEN SUPPORTED BY JLF THROUGH A MIXTURE OF DIRECT OPERATIONAL EXPENSES, CONTRACTED CONSULTANTS, AND GRANT-MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Mang Executive Director | 15 | $44,000 | |
Pamela Mang President | 2 | $0 | |
Robert Mang Treasurer | 2 | $0 | |
Ashely Nielsen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,575 |
| Capital Gain Net Income | $119,575 |
| Net ST Capital Gain | $119,575 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,233 |
| Total operating and administrative expenses | $87,650 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $172,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,316 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,160 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,635,250 |
| Accounts payable and accrued expenses | $148 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $148 |
Grants Awarded
Over the last fiscal year, Jessicas Love Foundation has awarded $85,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LA COSECHA COMMUNITY SUPPORTED AGRICULTURE PURPOSE: CAPACITY BUILDING GRANT FOR THE AGRI-CULTURA NETWORK | $20,000 |
LAS CUMBRES COMMUNITY SERVICES INC PURPOSE: SANTA FE AFGHAN RESETTLEMENT PROJECT | $50,000 |
SANTA FE COMMUNITY FOUNDATION PURPOSE: NEW MEXICO IMPACT INVESTING COLLABORATIVE | $15,000 |