Love Holds Life Inc
- Assets
- $62.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- White Plains, NY
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-4891265
Organization Overview
Love Holds Life Inc is located in White Plains, NY. The organization was established in 2012. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Holds Life 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, Love Holds Life Inc generated $158.3k 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 (4.6%) each year. All expenses for the organization totaled $186.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DONATED FUNDS TO NEEDY FAMILIES OF CHILDREN WITH CANCER TO HELP PAY FOR MEDICAL EXPENSES NOT COVERED BY INSURANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Senato Executive Director | 40 | $20,693 | |
Nancy Stingone Board Chairwoman | 10 | $0 | |
Ramon Pinero Treasurer | 10 | $0 | |
Christina Salotti Secretary | 10 | $0 | |
Maria Palmieri Asst. Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,262 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,262 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,104 |
| Professional fees and other payments to independent contractors | $8,650 |
| Occupancy, rent, utilities, and maintenance | $10,186 |
| Printing, publications, postage, and shipping | $133 |
| Other expenses | $67,575 |
| Total expenses | $186,584 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,839 |
| Other assets | $0 |
| Total assets | $62,839 |
| Total liabilities | $1,753 |
| Net assets or fund balances | $61,086 |