Knots Of Love Inc
- Assets
- $147.3k
- Revenue
- $660.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Costa Mesa, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 35-2345369
Organization Overview
Knots Of Love Inc is located in Costa Mesa, CA. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knots Of Love 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 12/2022, Knots Of Love Inc generated $660.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $577.0k during the year ending 12/2022. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLOTHING ASSISTANCE FOR CANCER PATIENTS. PROVIDE BEANIES AND BLANKETS FOR NEONATAL INTENSIVE CARE UNITS. MAKE AND PROVIDE HAND MADE INTRAVENOUS PICC LINE BANDAGE COVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
-PROVIDE SPECIALTY HEADWEAR, BLANKETS, SCARVES AND OTHER ARICLES OF SPECIALIZED CLOTHING FOR CANCER PATIENTS.-PROVIDE HATS AND BLANKETS FOR NEONATAL INTENSIVE CARE UNIT PATIENTS.-MAKE AND PROVIDE HAND MADE INTRAVENOUS PICC LINE BANDAGE COVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine M Fabiani Executive Director | OfficerTrustee | 40 | $71,678 |
Lisa Florez Secretary | OfficerTrustee | 15 | $0 |
Susan Duva Member | Trustee | 9 | $0 |
Lorie Murray Eventvolunteer Coordinator | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,240 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,493 |
| Noncash contributions included in lines 1a–1f | $376,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,733 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $162 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,800 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,312 |
| 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. | $71,678 |
| Compensation of current officers, directors, key employees. | $7,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,291 |
| Payroll taxes | $5,525 |
| Fees for services: Management | $9,878 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,227 |
| Advertising and promotion | $12,906 |
| Office expenses | $11,441 |
| Information technology | $2,599 |
| Royalties | $0 |
| Occupancy | $14,780 |
| Travel | $6,055 |
| 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 | $892 |
| Insurance | $0 |
| All other expenses | $27,069 |
| Total functional expenses | $577,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,535 |
| Savings and temporary cash investments | $5,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $323 |
| 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 | $5,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,254 |
| Accounts payable and accrued expenses | $2,651 |
| 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 | $2,651 |
| Net assets without donor restrictions | $144,603 |
| 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 | $147,254 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Knots Of Love Inc has recieved totaling $11,100.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,100 |
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