Love Inc Of Metro Tampa
- Assets
- $109.9k
- Revenue
- $293.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Tampa, FL
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2456286
Organization Overview
Love Inc Of Metro Tampa is located in Tampa, FL. 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. As of 12/2021, Love Inc Of Metro Tampa employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Metro Tampa 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, Love Inc Of Metro Tampa generated $293.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $220.0k during the year ending 12/2021. 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
LOVE IN THE NAME OF CHRIST IS A PROVEN MODEL THAT NETWORKS LOCAL CHURCHES, CHURCH VOLUNTEERS, AND COMMUNITY ORGANIZATIONS TOGETHER TO HELP PEOPLE IN NEED. THROUGH LOVE INC, CHURCHES AND INDIVIDUAL CHRISTIANS ARE MOBILIZED TO WORK TOGETHER, ACROSS DENOMINATIONAL LINES, TO PROVIDE COORDINATED HELP TO STRUGGLING NEIGHBORS WITH BASIC NEEDS SUCH AS FOOD AND CLOTHING, TO LONGER-TERM RESPONSES SUCH AS LIFE SKILLS TRAINING AND TRANSITIONAL HOUSING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOVE INC OF METRO TAMPA'S HELP CENTER RECEIVED 151 REFERRALS FOR HELP, IMPACTING 131 CHILDREN AND HAD 5161 VOLUNTEER HOURS DONATED IN SERVICE TO THE COMMUNITY.
PORTICO WORKFORCE HOUSING SOLUTIONS (DBA LOVEINC) IS A HOME WITH SPACE LARGE ENOUGH FOR THREE SINGLE, EMPLOYED HOMELESS MEN. THIS IS A SIX MONTHS INTENSIVE SUPPORTIVE HOUSING SITUATION DESIGNED TO MOVE HOMELESS MEN FROM THE STREETS TO PERMANENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Smith Executive Director | OfficerTrustee | 40 | $58,493 |
Lance Curry Secretary | Officer | 0.5 | $0 |
James Rossman Chair | Officer | 2 | $0 |
Logan Rodriguez Treasurer | Officer | 2 | $0 |
Kathleen Moore Co-Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,299 |
| Noncash contributions included in lines 1a–1f | $4,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,756 |
| 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 | $10,804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,560 |
| 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 | $115,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,192 |
| 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 | $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 | $6,217 |
| Insurance | $4,365 |
| All other expenses | $63 |
| Total functional expenses | $220,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,932 |
| 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 | $109,932 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $16,782 |
| Net assets with donor restrictions | $93,150 |
| 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 | $109,932 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Love Inc Of Metro Tampa has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ For All Nations Orlando, FL | $10,548,183 | $19,908,436 |
United Against Poverty Inc Vero Beach, FL | $21,479,964 | $11,068,487 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Campus Outreach Serve Inc Hoover, AL | $4,070,578 | $8,268,154 |
Third Millennium Ministries Inc Casselberry, FL | $8,248,500 | $7,349,091 |
Suncoast Haven Of Rest Rescue Mission Inc Pinellas Park, FL | $540,922 | $5,432,743 |
Avant Garde Academy Inc Hollywood, FL | $1,307,443 | $5,391,830 |
The Rauner Family Foundation Key Largo, FL | $61,036,083 | $5,579,241 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Christians Reaching Out To Society Inc Lake Worth, FL | $3,934,731 | $3,748,964 |
Choice Book Of Gulf State Inc Theodore, AL | $0 | $1,459,933 |
North Georgia Camp And Retreat Ministries Inc Dahlonega, GA | $18,005,770 | $6,432,475 |