Love City Inc
- Assets
- $2.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Louisville, KY
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-5206106
Organization Overview
Love City Inc is located in Louisville, KY. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Love City Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love City 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, Love City Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 39.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE ORGANIZATION FOCUSED ON COMMUNITY DEVELOPMENT IN AN IMPOVERISHED AREA, RUNNING PROGRAMS DESIGNED TO: 1. STIMULATE THE LOCAL ECONOMY THROUGH JOB CREATION, 2. INCREASE EDUCATION ATTAINMENT THROUGH PRE SCHOOL EDUCATION AND AFTER SCHOOL AND SUMMER PROGRAMS FOR CHILDREN AGES 1 - 18.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ORGANIZATION RUNNING A COMMUNITY CENTER IN AN IMPOVERISHED AREA PROVIDING AFTER SCHOOL AND SUMMER PROGRAMS FREE TO AGES 3-18. THESE PROGRAMS INCLUDE, TUTORING, ART AND MUSIC PROGRAMS.
THE ORGANIZATION HAS ESTABLISHED A DBA CALLED PORKLAND BBQ. THIS RESTAURANT PROVIDES THE COMMUNITY WITH A PLACE SIT DOWN AND ENJOY LUNCH OR DINNER THAT IS NOT A FAST FOOD RESTAURANT. THE RESTAURANT EMPLOYS LOCAL INDIVIDUALS FROM THE PORTLAND NEIGHBORHOOD IN ORDER IN STIMULATE THE IMPOVERISHED AREA.
THE ORGANIZATION HAS ESTABLISHED A DBA CALLED LAUGH, LEARN LOVE. THIS DAYCARE/PRESCHOOL PROGRAM PROVIDES THE COMMUNITY WITH A SAFE, LOVING, AND CURRICULUM BASED, ENVIRONMENT TO PREPARE THEIR CHILDREN FOR THE NEXT LEVEL OF LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Inga Arvin Executive Director | Officer | 30 | $80,000 |
Shawn Arvin Chairman | OfficerTrustee | 1 | $0 |
William Summers Treasurer | OfficerTrustee | 1 | $0 |
James Essex Director | Trustee | 1 | $0 |
Channock Banet Director | Trustee | 1 | $0 |
Brittany Spiller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,177,642 |
| Noncash contributions included in lines 1a–1f | $19,815 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,265,417 |
| Total Program Service Revenue | $201,231 |
| Investment income | $301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,800 |
| Net Gain/Loss on Asset Sales | $25,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,161 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,804 |
| Payroll taxes | $57,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,953 |
| Office expenses | $24,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,690 |
| Travel | $3,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,734 |
| Insurance | $35,770 |
| All other expenses | $0 |
| Total functional expenses | $1,178,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $993,147 |
| Savings and temporary cash investments | $1,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,855 |
| Prepaid expenses and deferred charges | $6,806 |
| Net Land, buildings, and equipment | $1,754,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,766,966 |
| Accounts payable and accrued expenses | $15,077 |
| Grants payable | $0 |
| Deferred revenue | $359 |
| 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 | $714,836 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $22,676 |
| Total liabilities | $902,948 |
| Net assets without donor restrictions | $1,562,258 |
| Net assets with donor restrictions | $301,760 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,766,966 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Love City Inc has recieved totaling $562,025.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $280,458 |
The Rawlings Foundation Inc Palm Beach, FL PURPOSE: SUPPORT FOR OPERATIONS | $269,500 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $11,000 |
Republic National Distributing Company Foundation Inc Atlanta, GA PURPOSE: COMMUNITY SERVICE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |