Lovin Life Inc
- Assets
- $266.3k
- Revenue
- $315.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Victoria, MN
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-0868414
Organization Overview
Lovin Life Inc is located in Victoria, MN. The organization was established in 2016. 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. Lovin Life 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 12/2023, Lovin Life Inc generated $315.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $217.2k during the year ending 12/2023. While expenses have increased by 24.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING STUDENTS TO LIVE LIFE TO THE FULLEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE JOINED THE WINTER JAM TOUR FOR 3 MONTHS AND TRAVELED TO OVER 40 DIFFERENT EVENTS PROCLAIMING THE GOOD NEWS OF JESUS CHRIST TO OVER 300,000 STUDENTS ACROSS THE NATION. OVER 25,000 PEOPLE RESPONDED TO THE GOSPEL, PLACING THEIR FAITH AND TRUST IN HIM FOR SALVATION. ZANE HAD THE OPPORTUNITY TO PASTOR THE ARTISTS, TOUR STAFF, AND CREW OVER THE 3 MONTHS ENCOURAGING THEM ALL TO LIVE IN THE FULLNESS OF LIFE JESUS GIVES.
WE CREATED THOUSANDS OF ITEMS OF APPAREL TO BE USED AS GOSPEL CONVERSATION STARTERS FOR STUDENTS, AND THEN DISTRIBUTED THESE ITEMS TO STUDENTS TO BE USED FOR INITIATING CONVERSATIONS WITH FRIENDS ABOUT THE FULLNESS OF LIFE FOUND IN JESUS. MOST OF THE RELATED EXPENSES ARE IN COST OF GOODS SOLD IN PART VIII
RAN OUR FIRST OUTREACH/DISCIPLESHIP SUMMER CAMP, LIFE SCHOOL, IN SANTA CRUZ WITH A GROUP OF YOUNG ADULTS. CONTINUED TO OFFER SURF, SERVE, SHARE EXPERIENCES FOR SHORTER PERIODS OF TIME (4 DAYS) FOR YOUNG ADULTS. WE HAD TIMES OF COMMUNITY BUILDING, WORSHIP, TEACHING, AS WELL AS SERVING AN UNDER RESOURCED LOCAL CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zane Black Founder, Board Member, President | OfficerTrustee | 20 | $25,400 |
Josh Morris Treasurer | OfficerTrustee | 2 | $0 |
Jacob Verdoorn Board Member | Trustee | 1 | $0 |
Phil Peterson Board Member | Trustee | 1 | $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 | $120,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,155 |
| Total Program Service Revenue | $98,618 |
| Investment income | $309 |
| 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 | $96,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,082 |
| 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. | $25,400 |
| Compensation of current officers, directors, key employees. | $2,644 |
| 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 | $61,220 |
| Fees for services: Legal | $3,480 |
| Fees for services: Accounting | $11,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $525 |
| Office expenses | $20 |
| Information technology | $3,488 |
| Royalties | $0 |
| Occupancy | $24,987 |
| Travel | $36,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,425 |
| Insurance | $3,624 |
| All other expenses | $0 |
| Total functional expenses | $217,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,160 |
| Savings and temporary cash investments | $147,434 |
| Pledges and grants receivable | $1,200 |
| 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 | $72,820 |
| Prepaid expenses and deferred charges | $11,692 |
| Net Land, buildings, and equipment | $15,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,295 |
| Accounts payable and accrued expenses | $18,946 |
| 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 | $8,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,024 |
| Net assets without donor restrictions | $238,815 |
| Net assets with donor restrictions | $456 |
| 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 | $266,295 |