Luv Michael Inc
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Manhasset, NY
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-2205081
Organization Overview
Luv Michael Inc is located in Manhasset, NY. The organization was established in 2016. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Luv Michael Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luv Michael 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, Luv Michael Inc generated $1.7m in total revenue. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 86.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE LIVES OF AUTISTIC INDIVIDUALS THROUGH CREATING OPPORTUNITIES FOR THEM TO SUCCEED IN THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL ACTIVITIES OF THE CORPORATION ARE CREATING AND IDENTIFYING VOCATIONAL STRUCTURES IN WHICH AUTISTIC INDIVIDUALS CAN THRIVE; ENCOURAGING WORKPLACES TO ADAPT THESE STRUCTURES TO BEST UTILIZE THE SKILLS OF AUTISTIC INDIVIDUALS; PROMOTING THESE STRUCTURES THROUGH THE SALE OF AND DISTRIBUTION OF GOODS CREATED BY AUTISTICINDIVIDUALS; EDUCATING THE PUBLIC ABOUT THE ABILITIES OF AUTISTIC INDIVIDUALS; MAKING GRANTS TO ORGANIZATIONS THAT EMPLOY, EDUCATE, AND ENRICH THE LIVES OF AUTISTIC INDIVIDUALS; AND CONDUCTING ANY LAWFUL ACTIVITIES THAT MAY BE APPROPRIATE IN CARRYING OUT THE PURPOSES NOTED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Liberatore President | OfficerTrustee | 8 | $0 |
Dimitri Kessaris Vice President | OfficerTrustee | 3 | $0 |
Stephen Kamen Treasurer | OfficerTrustee | 5 | $0 |
Kimarie Diaz Secretary | OfficerTrustee | 40 | $52,000 |
Paolo Cugnasca Director | Trustee | 1 | $0 |
Ricardo Cordero Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $855,254 |
| Related organizations | $0 |
| Government grants | $95,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $646,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,596,664 |
| Total Program Service Revenue | $115,542 |
| 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 | $1,712,206 |
| 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 | $202,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,951 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,796 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $512,808 |
| Advertising and promotion | $40,300 |
| Office expenses | $69,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $296,025 |
| Travel | $12,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,964 |
| Payments to affiliates | $404,361 |
| Depreciation, depletion, and amortization | $55,769 |
| Insurance | $26,022 |
| All other expenses | $0 |
| Total functional expenses | $1,931,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,607 |
| 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 | $391,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,630,700 |
| Total assets | $2,142,445 |
| Accounts payable and accrued expenses | $25,628 |
| 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 | $1,937,719 |
| Other liabilities | $0 |
| Total liabilities | $1,963,347 |
| Net assets without donor restrictions | $179,098 |
| 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 | $2,142,445 |