Grandmas Love Inc
- Assets
- $10.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-3474258
Organization Overview
Grandmas Love Inc is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandmas Love 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 12/2021, Grandmas Love Inc generated $52.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $53.2k during the year ending 12/2021. While expenses have increased by 30.1% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE SERVICED 6 SCHOOLS SERVING 101 FAMILIES TOTALING APPROX. 300 CHILDREN FOR THE YEAR. SO 40 WEEKS X 6 MEALS PER WEEKS X 101 FAMILIES = 24,240 MEALS FOR THE YEAR. OUR NUMBERS OF SCHOOLS AND FAMILIES INCREASE EACH YEAR NORMALLY.CHILDREN SHOULD NEVER WORRY WHERE THEIR NEXT MEAL WILL COME FROM AND PARENTS SHOULD NEVER WORRY ABOUT THEIR CHILDREN HAVING ENOUGH FOOD TO EAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Monforte-Caraballo Executive Dir. | 35 | $0 | |
Vincent Gentile Chairman | 5 | $0 | |
Federico Gaston Curbelo Treasurer | 10 | $0 | |
Julie Thum Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,563 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,715 |
| Other Revenue | $0 |
| Total Revenue | $52,848 |
| 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 | $1,200 |
| Occupancy, rent, utilities, and maintenance | $9,270 |
| Printing, publications, postage, and shipping | $260 |
| Other expenses | $42,482 |
| Total expenses | $53,212 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,813 |
| Other assets | $0 |
| Total assets | $10,813 |
| Total liabilities | $2,495 |
| Net assets or fund balances | $8,318 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grandmas Love Inc has recieved totaling $2,182.
| Awarding Organization | Amount |
|---|---|
Annabelle Foundation Brooklyn, NY PURPOSE: GENERAL DONATION | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tomche Shabbos Of Rockland County Monsey, NY | $3,190,088 | $8,439,711 |
Interfaith Nutrition Network Hempstead, NY | $10,559,882 | $10,681,917 |
Move For Hunger Inc Neptune, NJ | $1,899,350 | $7,237,054 |
St Johns Bread & Life Program Inc Brooklyn, NY | $8,308,596 | $7,077,565 |
T A S K Trenton, NJ | $14,881,769 | $6,763,613 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |
Food Brigade Inc Paramus, NJ | $32,609 | $4,662,989 |
Lakewood Community Service Corp Lakewood, NJ | $2,505,972 | $4,390,596 |
Urban Food Initiative Dorchester, MA | $4,670,593 | $4,930,418 |
Rescuing Leftover Cuisine New York, NY | $1,103,625 | $3,644,862 |
Lasagna Love Inc Williamstown, MA | $142,703 | $3,275,591 |
Food Link Inc Arlington, MA | $6,530,606 | $4,394,234 |