Aavi Inc
- Assets
- $659.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Ellenton, FL
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 65-0406418
Organization Overview
Aavi Inc, operating under the name Loveserves International, is located in Ellenton, FL. The organization was established in 1998. As of 12/2021, Loveserves International employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveserves International 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, Loveserves International generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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 AND RELIGIOUS ASSISTANCE OT UNDERDEVELOPED COMMUNITIES IN THE DOMINICAN REPUBLIC WITH PHYSICAL AND SPIRITUAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE AND RELIGIOUS ASSISTANCE TO UNDERDEVELOPED COMMUNITIES IN THE DOMINICAN REPUBLIC WITH PHYSICAL AND SPIRITUAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Carle Treasurer | OfficerTrustee | $0 | |
Kathy Cornwell Secretary | OfficerTrustee | $0 | |
Peter D Swanson President | OfficerTrustee | $0 | |
Robert B Whitehead Chair | OfficerTrustee | $0 | |
Don Light Director | Trustee | $0 | |
David Watkins Director | Trustee | $0 |
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 | $1,498,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,498,518 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,498,518 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,049,833 |
| Advertising and promotion | $1,378 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $1,274,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,985 |
| Savings and temporary cash investments | $0 |
| 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 | $658,985 |
| Accounts payable and accrued expenses | $2,321 |
| 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 | $78,426 |
| Total liabilities | $80,747 |
| Net assets without donor restrictions | $0 |
| 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 | $578,238 |
| Total liabilities and net assets/fund balances | $658,985 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aavi Inc has recieved totaling $455,400.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $437,900 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Sunrise 2000 Inc Miami, FL | $2,498,890 | $23,255,068 |
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Quality Care For Children Inc Atlanta, GA | $7,415,823 | $20,444,719 |
Ymca Of Greenville Greenville, SC | $74,183,434 | $25,853,650 |
Sarasota Manatee Jewish Housing Council Inc Sarasota, FL | $25,733,958 | $18,693,648 |
Carpenters Home Estates Inc Lakeland, FL | $64,229,461 | $19,045,367 |
Tri-Development Center Of Aiken County Aiken, SC | $11,301,624 | $21,352,454 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |