Love Inc Of Yellowstone County
- Assets
- $349.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Billings, MT
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5084406
Organization Overview
Love Inc Of Yellowstone County, operating under the name Love INC Yellowstone County, is located in Billings, MT. The organization was established in 2016. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Love INC Yellowstone County employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love INC Yellowstone County 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, Love INC Yellowstone County generated $179.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $115.8k during the year ending 12/2021. While expenses have increased by 17.0% per year over the past 6 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 Mission:
Part 3 - Line 1
OUR MISSION IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST. WE ORGANIZE AND COORDINATE CHURCHES IN YELLOWSTONE COUNTY MONTANA TO RESPOND TO LOCAL NEEDS WITH COMPASSION.
Describe the Organization's Program Activity:
Part 3
THE SLEEP WELL MINISTRY STARTED IN 2018 WHEN LOVE INC RECEIVED 80 NEW QUEEN-SIZED MATTRESSES FROM A STORE. MATTRESSES HAVE BEEN DONATED TO CLIENTS OVER THE PAST THREE YEARS AND SOME ARE STILL IN INVENTORY.
THE HOUSEHOLD GOODS MINISTRY BEGAN IN 2019 WHEN LOVE INC RECEIVED A LARGE DONATION OF GOODS FROM A COMPANY. THIS MINISTRY IS CURRENTLY ADMINISTERED BY A LOVE INC VOLUNTEER AND GOODS ARE DISTRIBUTED TO CLIENTS AFTER THEY GO THROUGH THE CLEARINGHOUSE PROCESS.
THE PACK-A-BAG SUNDRY MINISTRY SUNDRY ITEMS AND CLASS MEMBER INCENTIVES IS ADMINISTERED BY LOVE INC STAFF. THIS MINISTRY BEGAN IN 2020; THE SUNDRY ITEMS ARE GIVEN TO LIFE INC CLASS PARTICIPANTS IN INCENTIVE BAGS AS THEY PARTICIPATE IN LIFE-CHANGING CLASSES.
THE SLEEP WELL MINISTRY STARTED IN 2018 WHEN LOVE INC RECEIVED 80 NEW QUEEN-SIZED MATTRESSES FROM A STORE. MATTRESSES HAVE BEEN DONATED TO CLIENTS OVER THE PAST THREE YEARS AND SOME ARE STILL IN INVENTORY.
THE HOUSEHOLD GOODS MINISTRY BEGAN IN 2019 WHEN LOVE INC RECEIVED A LARGE DONATION OF GOODS FROM A COMPANY. THIS MINISTRY IS CURRENTLY ADMINISTERED BY A LOVE INC VOLUNTEER AND GOODS ARE DISTRIBUTED TO CLIENTS AFTER THEY GO THROUGH THE CLEARINGHOUSE PROCESS.
THE PACK-A-BAG SUNDRY MINISTRY SUNDRY ITEMS AND CLASS MEMBER INCENTIVES IS ADMINISTERED BY LOVE INC STAFF. THIS MINISTRY BEGAN IN 2020; THE SUNDRY ITEMS ARE GIVEN TO LIFE INC CLASS PARTICIPANTS IN INCENTIVE BAGS AS THEY PARTICIPATE IN LIFE-CHANGING CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Bonner Executive Director | 40 | $49,287 | |
Brian Murphy President | 2 | $0 | |
Michael Monson Board Member | 1 | $0 | |
Mary Stabio Treasurer | 5 | $0 | |
Ed Mutch Board Member | 2 | $0 | |
Trenton Thelen Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,721 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $72 |
| Other Revenue | $0 |
| Total Revenue | $179,793 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,388 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $13,054 |
| Printing, publications, postage, and shipping | $253 |
| Other expenses | $16,409 |
| Total expenses | $115,754 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $247,890 |
| Other assets | $0 |
| Total assets | $349,617 |
| Total liabilities | $6,622 |
| Net assets or fund balances | $342,995 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Love Inc Of Yellowstone County has recieved totaling $50,005.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent Healthcare Foundation Billings, MT | $88,857,513 | $8,266,509 |
Community Development Inc Garden City, ID | $42,153,213 | $14,412,416 |
C I O S Wilson, WY | $98,349,403 | $2,570,504 |
Youth With A Mission Of Montana A Corporation Lakeside, MT | $4,211,244 | $6,186,840 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
The Lynn And Foster Friess Family Foundation Jackson, WY | $122,372,858 | $36,186,755 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Refuge Foundation Billings, MT | $2,509,784 | $3,571,632 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |
Faith Ministries Inc Moscow, ID | $6,719,779 | $2,692,121 |
Gallatin Valley Young Mens Christian Association Inc Bozeman, MT | $7,033,541 | $1,852,453 |
Steer Inc Bismarck, ND | $6,400,196 | $1,967,390 |