Love Foundation Corp
- Assets
- $35.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-4585819
Organization Overview
Love Foundation Corp is located in Virginia Beach, VA. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Foundation Corp 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 Foundation Corp generated $48.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $48.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 2 years. 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
HELP THE FLOOD VICTIMS IN CENTRAL VIET NAM BY PROVIDING FOOD, CLOTHING, FUND TO REBUILT THEIR HOMES AND MEDICAL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quan Le President | 1 | $0 | |
Linh Truong Vice President | 0.5 | $0 | |
Tri Barsell Secretary | 0.5 | $0 | |
Loan Nguyen Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,363 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,363 |
| 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 | $145 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $48,240 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,017 |
| Other assets | $0 |
| Total assets | $35,017 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,017 |