Love Inc
- Assets
- $15.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 04/1993
- Data as of
- 12/2020
- EIN
- 58-2039165
Organization Overview
Love Inc is located in Lafayette, LA. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2020, Love Inc generated $63.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $72.4k during the year ending 12/2020. While expenses have increased by 0.5% 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
2020
Describe the Organization's Program Activity:
Part 3
BUILD HANDICAP RAMPS, DISTRIBUTE CHRISTMAS GIFTS, TURKEYS FOR THANKSGIVING,ETC
BUILD HANDICAP RAMPS, DISTRIBUTE CHRISTMAS GIFTS, TURKEYS FOR THANKSGIVING,ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Trahan Justice Executive Director | 32 | $36,000 | |
Cameron Mullins Clearing House Coordinator | 18 | $6,800 | |
Linda Landry Board Chair | 1 | $0 | |
Cleve Gaspard Director | 1 | $0 | |
Danny Hebert Director | 1 | $0 | |
Karla Adendorff Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,275 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,692 |
| Other Revenue | $0 |
| Total Revenue | $62,967 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,800 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $9,600 |
| Printing, publications, postage, and shipping | $592 |
| Other expenses | $11,905 |
| Total expenses | $72,397 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,177 |
| Other assets | $0 |
| Total assets | $15,177 |
| Total liabilities | $2,116 |
| Net assets or fund balances | $13,061 |
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