Watts Of Love
- Assets
- $1.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Downers Grove, IL
- Founding
- 12/2013
- Data as of
- 06/2023
- EIN
- 45-5404420
Organization Overview
Watts Of Love is located in Downers Grove, IL. The organization was established in 2013. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Watts Of Love employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watts Of Love 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 06/2023, Watts Of Love generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
TO ACT AS A VEHICLE THROUGH WHICH DONATIONS AND PLEDGES CAN BE COLLECTED FOR THE PURPOSE OF PURCHASING SOLAR POWERED LIGHTS TO CONTRIBUTE TO PEOPLE WITHOUT ELECTRICITY IN THIRD WORLD COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATTS OF LOVE IS A GLOBAL NONPROFIT DELIVERING SOLAR LIGHTS AND FINANCIAL LEARNING TO HELP PEOPLE RAISE THEMSELVES OUT OF THE DARKNESS OF POVERTY. WE PROVIDE THOSE LIVING IN LAST MILE COMMUNITIES WITH DURABLE, MULTI-FUNCTIONAL SOLAR LIGHTS, BREAKING THE DEPENDENCY ON TOXIC KEROSENE AND OTHER ALTERNATIVE LIGHT SOURCES WHILE SUPPORTING THEM WITH ECONOMIC EMPOWERMENT TRAINING. THROUGH OUR PROGRAM WE CREATE IMMEDIATE AND LONG-LASTING CHANGE FOR THOSE LIVING IN EXTREME POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Economou President | OfficerTrustee | 60 | $105,021 |
Kevin Kuster Director | OfficerTrustee | 1 | $0 |
Mary Kay Kaufmann Chairwoman | Trustee | 1 | $0 |
Doug Roselieb Vice Chairman | Trustee | 1 | $0 |
Maria Hey Secretary | Trustee | 1 | $0 |
Dale Mancuso Treasurer | 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 | $2,085,085 |
| Noncash contributions included in lines 1a–1f | $310,277 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,085,085 |
| Total Program Service Revenue | $138,977 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,311 |
| Net Gain/Loss on Asset Sales | $767 |
| Net Income from Fundraising Events | $209,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,440,208 |
| 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 | $500,052 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,821 |
| Compensation of current officers, directors, key employees. | $21,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,115 |
| Payroll taxes | $54,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,174 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,256 |
| Advertising and promotion | $56,897 |
| Office expenses | $13,857 |
| Information technology | $30,854 |
| Royalties | $0 |
| Occupancy | $12,037 |
| Travel | $419,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,304 |
| Insurance | $20,371 |
| All other expenses | $0 |
| Total functional expenses | $2,003,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $581,500 |
| Accounts receivable, net | $16,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $165,969 |
| Prepaid expenses and deferred charges | $215,165 |
| Net Land, buildings, and equipment | $281,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,459,710 |
| Accounts payable and accrued expenses | $11,213 |
| 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 | $19,915 |
| Total liabilities | $31,128 |
| Net assets without donor restrictions | $847,082 |
| Net assets with donor restrictions | $581,500 |
| 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 | $1,459,710 |
Grants Awarded
Over the last fiscal year, Watts Of Love has awarded $44,964 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IRIS NEPAL PURPOSE: DIST. SOLAR LIGHTS | $8,882 |
MARY MOTHER OF THE POOR PURPOSE: DISTRIBUTE LIGHTS | $14,383 |
ORDER OF MALTA FEDERAL ASSOCIATION PURPOSE: DISTRIBUTE LIGHTS | $12,349 |
IRIS MOZAMBIQUE PURPOSE: LIGHT DISTRIBUTION | $9,350 |