Love Inc Of The Black Hills
- Assets
- $3.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Rapid City, SD
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 46-0460539
Organization Overview
Love Inc Of The Black Hills is located in Rapid City, SD. The organization was established in 2001. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Love Inc Of The Black Hills employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of The Black Hills 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 Inc Of The Black Hills generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $902.6k during the year ending 12/2022. While expenses have increased by 12.1% 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
COORDINATING CHURCHES TO HELP PEOPLE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIVE & RISE: THRIVE: IS AN OUTDOOR ADVENTURE GEAR RESALE STORE THAT PROVIDES AN ENVIRONMENT WHERE YOUTH CAN DISCOVER THE JOYS OF PRODUCTIVITY IN A SAFE, SUPPORTIVE ENVIRONMENT. THRIVE'S MISSION IS TO MOBILIZE LOCAL CHURCHES IN TRANSFORMING THE LIVES OF YOUTH THROUGH TRAINING AND MENTORING IN A WORK ENVIRONMENT. IN 2022, THRIVE HAD 18 STUDENT PARTICIPANTS REPAIRING BIKES AND LEARNING MARKETING AND RETAIL SKILLS IN OUR OUTDOOR GEAR STORE. ONE ASPECT OF THRIVE ARE VISION BIKES. THESE ARE BIKES EARNED BY PARTICIPANTS THAT DON'T HAVE ANY OTHER MODE OF TRANSPORTATION AND CAN USE THE BIKES TO HELP THEM GET TO THEIR JOBS, THE GROCERY STORE OR AROUND TOWN IN A MORE EFFICIENT WAY THAN WALKING. THRIVE GAVE OUT 46 BIKES AT A TOTAL VALUE OF $3680. RISE: IS A MINISTRY THAT ALLOWS THE PARTICIPANTS FROM OUR CONNECTION CENTER SEEKING HELP WITH FURNITURE NEEDS TO EARN FURNITURE. THEY JOIN A TEAM OF VOLUNTEERS WHO ARE REFURBISHING SOME OF THE UNUSABLE DONATED FURNITURE AS WELL AS UPDATING AND REPURPOSING DECOR ITEMS. THE INVENTORY CONSISTS OF ITEMS THAT WERE EITHER TOO LARGE OR SIMPLY IMPRACTICAL FOR OUR CLIENTS' USE. THIS FURNITURE AND DECOR ARE BEING REFURBISHED AND MADE INTO ITEMS THAT ARE SOLD IN OUR SOCIAL ENTERPRISE. MONEY EARNED FROM THE SALE OF THIS FURNITURE IS IN RETURN, HELPING US TO PURCHASE USEABLE FURNITURE FOR OUR CLIENTS AND OTHERWISE HELP SUPPORT THE WORK WE ARE DOING IN OUR COMMUNITY. IN 2022, 95 PARTICIPANTS EARNED NEW FURNITURE FOR THEIR HOME. OUR VOLUNTEERS SERVED 10,641 HOURS IN THIS MINISTRY.
LOVE INC CONNECTION CENTER: THE LOVE INC CONNECTION CENTER (FORMERLY CALLED THE CLEARINGHOUSE) PROCESSES PEOPLE'S CALLS FOR HELP. FIRST, PHONE VOLUNTEERS TAKE TIME TO LISTEN, ENCOURAGE, PRAY FOR AND PROBLEM SOLVE WITH EACH CALLER. NEXT, PEOPLE ARE CONNECTED WITH CHURCH VOLUNTEERS AND RESOURCES TO HELP WITH FURNITURE, HOUSEHOLD ITEMS, LINENS, AND TOILETRIES. IN 2022, WE HELPED 537 ADULTS WITH FURNITURE, BEDDING, AND KITCHEN ITEMS. TOTAL VALUE OF ITEMS GIVEN WAS $97,736. VOLUNTEERS SERVED 3,962 HOURS HELPING IN THESE PROGRAMS.
LIFE INC: LIFE INC IS A SAFE, SUPPORTIVE PLACE FOR PEOPLE TO LEARN, GROW AND DEVELOP IN ORDER TO SET A NEW COURSE FOR LIFE. LIFE INC USES CLASSES AND MENTORING TO HELP PEOPLE. AREA CHURCHES PROVIDE A FREE MEAL. FREE CHILDCARE PROGRAMMING IS PROVIDED FOR 125 CHILDREN AGES 0-12. IN 2022, THERE WERE 273 ADULTS TAKING PART IN CLASSES. VOLUNTEERS PROVIDED 2599 HOURS OF THEIR TIME. PARTICIPANTS EARNED $6,441 IN GAS, GROCERIES, AND DIAPER INCENTIVES. WE OFFERED LIFE INC QUARTERLY AT 5 DIFFERENT CHURCH CAMPUSES, PROVIDING TWENTY-ONE DIFFERENT COURSE OFFERINGS IN AREAS SUCH AS FINANCES, PARENTING, MARRIAGE, ADDICTION, EMPLOYMENT, HEALTH, BIBLE AND LIFE SKILLS.THE STURGIS LOCATION, HELD LIFE INC IN WHICH 32 ADULTS ATTENDED CLASSES. VOLUNTEERS PROVIDED 125 HOURS OF THEIR TIME. THEY ALSO SERVED 15 FAMILIES THROUGH THE CLOTHE-A-KID FOR SCHOOL PROGRAM GIVING 32 CHILDREN NEW CLOTHING FOR SCHOOL. TWENTY-TWO VOLUNTEERS SERVED 143 HOURS. OUR CHANGED DIAPER MINISTRY IS IMPACTING MOMS BY HELPING THEM WITH DIAPERS FOR THEIR CHILDREN. OVER 200 DIAPERS WERE GIVEN OUT IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Jensen President | OfficerTrustee | 8 | $0 |
Hollie Strand Vice President | OfficerTrustee | 2 | $0 |
Frances Becker Secretary | OfficerTrustee | 2 | $0 |
Kim Reed Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Mccoy Member | Trustee | 2 | $0 |
Mary Hensley Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $256,247 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $659,895 |
| Noncash contributions included in lines 1a–1f | $28,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $916,142 |
| Total Program Service Revenue | $0 |
| Investment income | $4,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,420 |
| Net Income from Fundraising Events | -$14,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $248,552 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,163,570 |
| 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. | $83,074 |
| Compensation of current officers, directors, key employees. | $25,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,004 |
| Payroll taxes | $46,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $985 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,673 |
| Information technology | $13,925 |
| Royalties | $0 |
| Occupancy | $43,162 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,463 |
| Payments to affiliates | $27,010 |
| Depreciation, depletion, and amortization | $63,543 |
| Insurance | $27,313 |
| All other expenses | $4,899 |
| Total functional expenses | $902,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $828,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,646,725 |
| Investments—publicly traded securities | $234,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,267 |
| Other assets | $0 |
| Total assets | $3,711,728 |
| Accounts payable and accrued expenses | $6,957 |
| 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 | $788,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $795,623 |
| Net assets without donor restrictions | $2,715,112 |
| Net assets with donor restrictions | $200,993 |
| 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 | $3,711,728 |