Love Of Christ Foundation Inc
- Assets
- $53.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 52-2003166
Organization Overview
Love Of Christ Foundation Inc is located in Frederick, MD. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Of Christ Foundation 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 Of Christ Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 23.0% per year over the past 8 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.
Since 2015, Love Of Christ Foundation Inc has awarded 162 individual grants totaling $2,304,846. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKING CONTRIBUTIONS TO ADVANCE RELIGIOUS EDUCATION AND PERSONAL SANCTITY AND RELIGIOUS COMMITMENT OF THE COMMUNITY AT LARGE;TO PROMOTE,SPONSOR AND SUPPORT RELIGIOUS, EDUCATIONAL, CULTURAL, AND OTHER CHARITABLE ORGANIZATIONS OF SIMILAR PURPOSE; AND TO PROVIDE RELIEF TO POOR, DISTRESSED, AND UNDER PRIVILEGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCF MADE VARIOUS CONTRIBUTIONS TO CHARITABLE ORGANIZATION THAT FALL INTO THE FOLLOWING CATEGORIES OF GIVING: PANDEMIC AND REFUGEE CRISIS RELIEF, RECOVERY FROM NATURAL DISASTERS, FACILITY/COMMUNITY/HOUSING REPAIRS, HUNGER RELIEF, MEDICAL AID AND SERVICES FOR PREGNANT WOMEN AND THEIR BABIES. A DONATION OF 1,000,000 WAS MADE FOR UKRAINE WAR RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Zanchettin Director | Trustee | 1 | $600 |
Jamie Smith CFO | Officer | 1 | $0 |
Angela Burrin Director | Trustee | 1 | $600 |
Heloisa Santamaria Secretary | Officer | 1 | $0 |
Nancy Artz Director | Trustee | 1 | $600 |
Susan Bromhal Director | Trustee | 1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,000 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,250,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,201,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $121,600 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $54 |
| Total functional expenses | $1,327,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,547 |
| Savings and temporary cash investments | $35,888 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,435 |
| Accounts payable and accrued expenses | $45,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,000 |
| Net assets without donor restrictions | $8,435 |
| Net assets with donor restrictions | $0 |
| 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 | $53,435 |
Grants Awarded
Over the last fiscal year, Love Of Christ Foundation Inc has awarded $572,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
CARING MINISTRIES INC PURPOSE: Loading and repaving project | $15,000 |
CASA ESPERANZA PARA NINOS PURPOSE: Day to day expenses | $7,500 |
CATHOLIC CHARITIES USA PURPOSE: Pandemic crisis relief, refugee crisis, USA tornado recovery | $110,000 |
CATHOLIC RELIEF SERVICES PURPOSE: Haiti earthquake, pandemic crisis relief, refugee crisis aid | $95,000 |
CATHOLIC NEAR EAST WELFARE ASSOCIATION PURPOSE: Emergency food assistance program | $10,000 |
CROSS CATHOLIC OUTREACH PURPOSE: California fire victims | $10,000 |