Love Inc Of Muskegon County
- Assets
- $1.0m
- Revenue
- $788.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Muskegon, MI
- Founding
- 07/1983
- Data as of
- 05/2022
- EIN
- 38-2450507
Organization Overview
Love Inc Of Muskegon County is located in Muskegon, MI. The organization was established in 1983. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 05/2022, Love Inc Of Muskegon County employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Muskegon County 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 05/2022, Love Inc Of Muskegon County generated $788.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $633.2k during the year ending 05/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIEF SERVICES FOR PERSONS IN NEED AND LIFE SKILLS CLASSES FOR PERMANENT IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEARINGHOUSE ASSISTANCE: DIRECT ASSISTANCE MAY BE IN THE FORM OF FOOD, CLOTHING, HOUSEHOLD, INFANT AND BABY NEEDS, FURNITURE AND APPLIANCES, HANDICAP RAMPS, MEDICAL AND DENTAL, TRANSPORTATION, FINANCIAL ASSISTANCE, AND MORE. THE ORGANIZATION ALSO ASSISTS INDIVIDUALS AND FAMILIES FOR LONG-TERM IMPACT BY PROVIDING BUDGETING AND BUDGET COUNSELING TO HELP PEOPLE BECOME FINANCIALLY STABLE AND OTHER LIFE-SKILLS CLASSES IN PARENTING AND STRESS MANAGEMENT GIVING A HOLISTIC APPROACH TO RESTORING FAMILIES IN CRISIS. THE ORGANIZATION MANAGES SEVERAL CHURCH PANTRIES AND FACILITATES PICKING UP DONATIONS, STORAGE AND TRANSFER OF APPROPRIATE DONATED RESOURCES TO THE PANTRIES. OVER 8,000 PEOPLE IN THE COMMUNITY WERE IMPACTED THROUGH THESE SERVICES.
DEDICATED RELIEF SERVICES FOR PERSONS IN NEED AND LIFE SKILL CLASSES FRO PERMANENT IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Ebeling Pres/treasur | OfficerTrustee | 2 | $0 |
Kate Gundersen Secretary | OfficerTrustee | 2 | $0 |
Brad Vanbergen Vice Preside | OfficerTrustee | 2 | $0 |
Tim Vander Haar Director | Trustee | 1 | $0 |
Douglas Hughes Director | Trustee | 1 | $0 |
Wendy Rake Director | 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 | $784,830 |
| Noncash contributions included in lines 1a–1f | $38,720 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,830 |
| Total Program Service Revenue | $0 |
| Investment income | $4,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $788,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $156,835 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $240,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,312 |
| Payroll taxes | $18,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $704 |
| Fees for services: Other | $6,311 |
| Advertising and promotion | $7,756 |
| Office expenses | $26,285 |
| Information technology | $3,897 |
| Royalties | $0 |
| Occupancy | $129,877 |
| Travel | $159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,506 |
| Interest | $11,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,083 |
| Insurance | $7,944 |
| All other expenses | $0 |
| Total functional expenses | $633,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,687 |
| Savings and temporary cash investments | $230,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,037 |
| Prepaid expenses and deferred charges | $71,077 |
| Net Land, buildings, and equipment | $532,926 |
| Investments—publicly traded securities | $66,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,273 |
| Other assets | $89 |
| Total assets | $1,029,765 |
| Accounts payable and accrued expenses | $12,176 |
| 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 | $340,832 |
| Total liabilities | $353,008 |
| Net assets without donor restrictions | $547,272 |
| Net assets with donor restrictions | $129,485 |
| 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 | $1,029,765 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Love Inc Of Muskegon County has recieved totaling $27,683.
| Awarding Organization | Amount |
|---|---|
United Way Of The Lakeshore Inc Muskegon, MI PURPOSE: MONEY MANAGEMENT PROGRAM | $15,000 |
Muskegon County Community Foundation Muskegon, MI PURPOSE: 2 TABLETS FOR ADULT LIFE-SKILL CLASSES; FOOD PURCHASED THROUGH FEEDING AMERICA; GENERAL OPERATING SUPPORT; LOVE INC APPLIANCE MINISTRY; SUPPORT FOR FOOD PROGRAMS | $11,049 |
John And Phyllis Groot Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Endowment Analysis
| Beg. Balance | $75,462 |
| Earnings | -$11,661 |
| Admin Expense | $627 |
| Net Contributions | $800 |
| Ending Balance | $69,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helping Hand For Relief & Development Inc Southfield, MI | $53,026,737 | $80,329,408 |
Real Services Inc South Bend, IN | $13,142,791 | $21,488,865 |
Area Iv Agency On Aging And Community Action Programs Inc Lafayette, IN | $2,168,785 | $11,411,192 |
Shepherd Community Inc Indianapolis, IN | $12,371,405 | $8,451,700 |
Lifeline For The Empowerment & Development Of Consumers Inc Painesville, OH | $2,217,869 | $5,898,404 |
The Good Samaritan Ministries Holland, MI | $6,761,787 | $5,714,896 |
Everyone Cooperating To Help Others Inc Janesville, WI | $2,299,237 | $4,698,837 |
Shoes And Clothes For Kids Inc Cleveland, OH | $3,983,714 | $3,215,465 |
Save A Family Plan Port Huron, MI | $14,556,863 | $4,257,402 |
People Working Cooperatively Of The Midwest Inc Cincinnati, OH | $1,849,535 | $3,807,781 |
Empowerment Plan Detroit, MI | $4,512,379 | $3,141,834 |
Kokomo Rescue Mission Kokomo, IN | $6,207,124 | $3,682,627 |