Knots Of Love Inc is located in Ashland, WI. 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 12/2023, Knots Of Love Inc generated $211.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $231.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 8 years. 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
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christine M Fabiani Executive Director | OfficerTrustee | 40 | $75,160 |
Lorie Murray Board Member | Trustee | 0.5 | $0 |
Susan Duva Board Member | Trustee | 9 | $0 |
Lisa Florez Secretarytreasurer | OfficerTrustee | 15 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $4,641 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $185,934 |
Noncash contributions included in lines 1a–1f | $28,708 |
Total Revenue from Contributions, Gifts, Grants & Similar | $190,575 |
Total Program Service Revenue | $0 |
Investment income | $8 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $17 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $20,600 |
Miscellaneous Revenue | $0 |
Total Revenue | $211,200 |
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. | $75,160 |
Compensation of current officers, directors, key employees. | $7,516 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $18,730 |
Payroll taxes | $6,020 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,081 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $8,044 |
Office expenses | $7,228 |
Information technology | $3,702 |
Royalties | $0 |
Occupancy | $10,880 |
Travel | $3,569 |
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 | $2,861 |
Insurance | $0 |
All other expenses | $14,871 |
Total functional expenses | $231,787 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $96,660 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $237 |
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 | $29,455 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $126,352 |
Accounts payable and accrued expenses | $2,336 |
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 | $2,336 |
Net assets without donor restrictions | $124,016 |
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 | $126,352 |