Love Centers International Inc
- Assets
- $412.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Oxford, MI
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4942104
Organization Overview
Love Centers International Inc is located in Oxford, MI. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Love Centers International Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Centers International 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 12/2023, Love Centers International Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 62.7% each year . All expenses for the organization totaled $949.0k during the year ending 12/2023. While expenses have increased by 68.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN IN FOSTER CARE MENTORING AND CAMP PROGRAMS. GIVING THOSE CHILDREN THAT HAVE BEEN ABUSED OR NEGLECTED A SAFE AND LOVING SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE DONATIONS OF TIME, SERVICES, SUPPLIES, FOR KIDS CAMP, KIDS MENTORING, CLOTHING, FURNITURE DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Savalle CEO | OfficerTrustee | 40 | $68,410 |
Michelle Savalle Director | OfficerTrustee | 40 | $37,500 |
Megan Walby Employee | OfficerTrustee | 40 | $32,500 |
Hannah Brannon Employee | OfficerTrustee | 40 | $27,500 |
Emily Daenzer Employee | OfficerTrustee | 40 | $20,296 |
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 | $1,048,078 |
| Noncash contributions included in lines 1a–1f | $428,816 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048,078 |
| Total Program Service Revenue | $223,116 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,271,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $194,049 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,207 |
| Compensation of current officers, directors, key employees. | $186,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,596 |
| Payroll taxes | $15,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,474 |
| Office expenses | $0 |
| Information technology | $24,821 |
| Royalties | $0 |
| Occupancy | $480 |
| Travel | $30,119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,137 |
| All other expenses | $2,157 |
| Total functional expenses | $948,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,051 |
| 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 | $2,545 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,356 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,057 |
| Total liabilities | $13,057 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $399,299 |
| Total liabilities and net assets/fund balances | $412,356 |