Circle Of Love Foundation Inc
- Assets
- $39.1k
- Revenue
- $430.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 36-4064032
Organization Overview
Circle Of Love Foundation Inc is located in Rockford, IL. The organization was established in 1996. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Of Love Foundation 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, Circle Of Love Foundation Inc generated $430.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $481.2k during the year ending 12/2023. While expenses have increased by 2.8% 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.
Since 2015, Circle Of Love Foundation Inc has awarded 11 individual grants totaling $287,824. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CIRCLE OF LOVE FOUNDATION IS A NON-PROFIT NON-DENOMINATIONAL EVANGELICAL CHRISTIAN 501(C)3 ORGANIZATION THAT SEEKS TO BUILD THE KINGDOM OF GOD BY REACHING OUT IN THE LOVE OF CHRIST TO THOSE WHO ARE IN NEED. OFFFERING FREE MEDICAL CLINICS IN TO THOSE WITH LIMITED ACCESS IS OUR PRIMARY SERVICE, BUT WE ALSO SUPPORT PASTORS, WIDOWS, FEEDING CHILDREN, AND EDUCATION ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCLE OF LOVE PROVIDES REGULAR SUPPORT FOR PROJECTS WITH OUR MINISTRY PARTNERS IN TAILAND, LAOS, SOUTH AFRICA, AND GUATAMELA. THIS INCLUDESM FEEDING IN GUATAMELA, SOUTH AFRIA, AND LAOS. UNIFORMS FOR EDUCARE CHILDREN IN SOUTH AFRICA, SUPPORT FOR WIDOWS IN LAOS, HELP WITH BUILDING HOUSES IN SOUTH AFRICA, RELIEF FOR PERSECUTED CHRISTIANS IN LAOS, UMBRELLAS AND BOOTS FOR ORPHANS IN IRAQ, DISASTER RELIEF IN TURKEY, AND QUILTS AND GLASSES ARE SOME OF THE PROJECTS WE HAVE DONE.LOCALLY WE SUPPORT CARPENTER'S PLACE, A RESIDENTAL PROGRAM FOR THE HOMELESS. AND ALSO GAVE CLOTHING TO STREET PEOPLE AND HOMELESS IN ROCKFORD, IL.
CIRCLE OF LOVE MADE 6 MISSION TRIPS IN 2023 TO IRAQ, THAILAND, GUATEMALA (X2), UKRAINE AND SOUTH AFRICA. 4,258 PATIENTS WERE SERVED WITH 761 PEOPLE MAKING PROFSSIONS OF FAITH IN JESUS. 11,872 FREE PERSCRIPTIONS WERE GIVEN. PATIENTS ALSO RECEIVED READING GLASSES AND CHILDREN RECEIVED HANDMADE QUILTS. SINCE INCEPTION, THERE HAVE BEEN 134 MISSION TRIPS. 119,755 PATIENTS HAVE BEEN TREATED WITH 31,379 SALVATIONS AND 820,837 PERSCRIPTIONS GIVEN.
PASTORS AND MISSIONARIES IN THAILAND, LAOS, SOUTH AFRICA,GUATEMALA AND BANGLADESH WERE ABLE TO CONTINUE IN MINISTRY BECAUSE OF THE FINANCIAL SUPPORT PROVIDED BY CIRCLE OF LOVE. EDUCATIONAL EXPENSES WERE ALSO SUPPORTED FOR STUDENTS IN LAOS, GUATEMALA, SOUTH AFRICA AND BANGLADESH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Laib MD Chairman | Trustee | 20 | $0 |
Mary Linda Wing Director | Trustee | 1 | $0 |
Judith Gause Director | Trustee | 1 | $0 |
Peter Singh Director | Trustee | 1 | $0 |
Fiona Okoroji RN Dnp Director | Trustee | 1 | $0 |
Amy Laib MD Vice President | Trustee | 1 | $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 | $392,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,192 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,873 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $215,000 |
| 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 | $0 |
| 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 | $10,176 |
| 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 | $11,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $89,291 |
| 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 | $660 |
| Insurance | $4,443 |
| All other expenses | $2,887 |
| Total functional expenses | $481,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125 |
| 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 | $320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,104 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $39,104 |
| 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 | $39,104 |
Grants Awarded
Over the last fiscal year, Circle Of Love Foundation Inc has awarded $95,435 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIBLES CHRISTIAN LITERATURE | | | $6,000 |
NEW HOPE FOR GUATAMELA | | | $81,175 |
OTHER | | | $8,260 |