Love Makes Cent Inc
- Assets
- $61.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, IN
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-1819140
Organization Overview
Love Makes Cent Inc is located in Richmond, IN. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Makes Cent 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 12/2022, Love Makes Cent Inc generated $71.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $42.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SPECIALIZED PROGRAMS SUCH AS INDIVIDUAL DEVELOPMENT ACCOUNTS, FINANCIAL COUNSELING IN THE PUBLIC SCHOOLS AND ABROAD, RESOURCE ASSISTANCE TO ELIMINATE BARRIERS SUCH AS OBTAINING A SAFE LIVING SITUATION, BUDGETING ASSISTANCE, CREDIT REPAIR ASSISTANCE AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Duke President | 3.5 | $0 | |
Sherry Dillon Treasurer | 5 | $0 | |
Linda Sherrow Secretary | 1 | $0 | |
Pam Pearson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,934 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $56 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,760 |
| Total Revenue | $71,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,408 |
| Occupancy, rent, utilities, and maintenance | $7,722 |
| Printing, publications, postage, and shipping | $4,669 |
| Other expenses | $29,145 |
| Total expenses | $42,944 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,539 |
| Other assets | $0 |
| Total assets | $61,539 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,539 |