Tom And Judy Love Foundation
- Assets
- $25.6m
- Revenue
- $2.6m
- Investments
- $24.9m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2014
- Data as of
- 12/2021
- 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 12/2021, Tom And Judy Love Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tom And Judy Love Foundation has awarded 100 individual grants totaling $18,340,130. 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 | 2 | $0 | |
Gregory M Love Vice President / Director | 0 | $0 | |
Thomas E Love Vice President / Director | 0 | $0 | |
Spencer W Haines Treasurer | 0 | $0 | |
Douglas J Stussi Secretary | 0 | $0 | |
Laura A Love Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $243,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $417,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,936,186 |
| Capital Gain Net Income | $1,936,186 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $225 |
| Total Revenue | $2,597,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,228 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155,426 |
| Total operating and administrative expenses | $342,429 |
| Contributions, gifts, grants paid | $4,110,550 |
| Total expenses and disbursements | $4,452,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $741,105 |
| 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 | $6,828,643 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,645,050 |
| 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 | $972,438 |
| Total liabilities | $972,438 |
Grants Awarded
Over the last fiscal year, Tom And Judy Love Foundation has awarded $4,110,550 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $2,000,000 |
CITY OF NICHOLS HILLS PURPOSE: GENERAL SUPPORT | $1,500,000 |
ST ANTHONY'S HOSPITAL PURPOSE: GENERAL SUPPORT | $300,000 |
San Diego, CA PURPOSE: GENERAL SUPPORT | $150,000 |
Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $100,000 |
CHRIST THE KING CHURCH PURPOSE: GENERAL SUPPORT | $30,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Oklahoma Regional Disposal Inc Ardmore, OK | $26,583,430 | $8,747,101 |
Refuge For Dmst Austin, TX | $8,762,673 | $5,480,979 |
Journey To New Life Inc Kansas City, MO | $2,130,182 | $5,937,979 |
Tom And Judy Love Foundation Oklahoma City, OK | $25,645,050 | $2,597,711 |
Las Campanas Water And Sewer Cooperative Santa Fe, NM | $20,840,511 | $2,681,425 |
Virginia Clay Dorman Foundation Fort Worth, TX | $16,953,466 | $1,907,233 |
National Association For Public Defense Inc Denver, CO | $459,482 | $1,119,408 |
Linda Hall Library Foundation Kansas City, MO | $2,032,443 | $752,725 |
Arkansas Justice Collective Springdale, AR | $465,540 | $883,809 |
Extended Hands Of Hope Broomfield, CO | $306,089 | $434,072 |
Gateway Center For The Performing Arts Association Webster Groves, MO | $59,726 | $624,462 |
Spirit Of St Louis Air Show Chesterfield, MO | $1,107,565 | $1,329,017 |