Tom And Judy Love Foundation
- Assets
- $17.5m
- Revenue
- $960.7k
- Investments
- $17.4m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3640241
Organization Overview
Tom And Judy Love Foundation is located in Oklahoma City, OK. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tom And Judy Love Foundation 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, Tom And Judy Love Foundation generated $960.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $8.1m during the year ending 12/2022. While expenses have increased by 22.8% 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.
Since 2016, Tom And Judy Love Foundation has awarded 114 individual grants totaling $21,051,430. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith M Love President / Director | 1 | $0 | |
Thomas E Love Vice President / Director | 0 | $0 | |
Gregory M Love Vice President / Director | 0 | $0 | |
Spencer W Haines Treasurer | 0 | $0 | |
Emily Bunting Secretary | 0 | $0 | |
Laura A Love Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $313,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $584,767 |
| Capital Gain Net Income | $584,767 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,552 |
| Total Revenue | $960,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65,343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,248,631 |
| Total operating and administrative expenses | $5,407,516 |
| Contributions, gifts, grants paid | $2,711,300 |
| Total expenses and disbursements | $8,118,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,205 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,151,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $60,019 |
| Total assets | $17,514,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tom And Judy Love Foundation has awarded $2,711,300 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST THE KING CHURCH PURPOSE: GENERAL SUPPORT | $3,000 |
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF OKC PURPOSE: GENERAL SUPPORT | $200 |
CASADY SCHOOLS PURPOSE: GENERAL SUPPORT | $25,000 |
CRISTO REY PURPOSE: GENERAL SUPPORT | $5,000 |
HELPERS CLUB PURPOSE: GENERAL SUPPORT | $100 |
ITN CENTRAL OKLAHOMA PURPOSE: GENERAL SUPPORT | $1,000 |