Lovemark Foundation Inc
- Assets
- $61.0k
- Revenue
- $175.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, OH
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-5274973
Organization Overview
Lovemark Foundation Inc is located in Independence, OH. The organization was established in 2017. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovemark Foundation 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 12/2021, Lovemark Foundation Inc generated $175.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $207.4k 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
PROVIDE FINANCIAL & EMOTIONAL SUPPORT TO INDIVIDUALS DEALING WITH BRAIN CANCER AND/OR BRAIN TUMORS. TO PROVIDE DIRECT & TANGIBLE RESOURCES TO PATIENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT IS GRANTED TO INDIVIDUALS OR 501(C)(3) ORGANIZATIONS FOR THE PURPOSE OF ASSISTING WITH CLINICAL RESEARCH AND/OR PROVIDING DIRECT FINANCIAL BENEFITS OR OTHER SUPPORT TO PATIENTS AND THEIR FAMILIES. AS SUCH, $25,000 WAS GRANTED TO THE YALE NEW HAVEN HOSPITAL, CONSISTENT WITH FURTHERING THE OBJECTIVES OUTLINED IN THE LOVEMARK FOUNDATION MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiva Lovemark President | OfficerTrustee | 5 | $0 |
Jamie Lovemark Vice President / Treasurer | OfficerTrustee | 5 | $0 |
Dana Duff Secretary | Officer | 5 | $0 |
Whitney Elliott Director | Trustee | 5 | $0 |
Simon Elliott Director | Trustee | 5 | $0 |
Danielle Molinaro Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,918 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,556 |
| 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 | -$21,284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,750 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,449 |
| Fees for services: Legal | $61 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $7,136 |
| Total functional expenses | $207,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,953 |
| 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 | $60,953 |
| 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 | $60,953 |
| 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 | $60,953 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lovemark Foundation Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $50,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $15,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make-A-Wish Foundation Of Ohio Kentucky And Indiana Inc Columbus, OH | $15,872,839 | $13,599,516 |
Ronald Mcdonald House Charities Of The Philadelphia Region Philadelphia, PA | $48,421,260 | $10,371,163 |
Make-A-Wish Foundation Of Greater Pennsylvania And West Virginia Inc Pittsburgh, PA | $11,942,873 | $9,531,813 |
Make-A-Wish Foundation Of Michigan Brighton, MI | $10,107,725 | $9,980,417 |
Ronald Mcdonald House Charities Of Northeast Ohio Inc Cleveland, OH | $36,230,740 | $6,843,245 |
Ronald Mcdonald House Charities Inc Youngstown, OH | $0 | $1,738,198 |
Growth Opportunity Center Inc Southampton, PA | $956,433 | $4,331,069 |
Ronald Mcdonald House Charities Of Central Ohio Inc Columbus, OH | $58,634,339 | $11,417,646 |
Family House Inc Pittsburgh, PA | $46,884,709 | $18,369,826 |
Make A Wish Foundation Of Philadelphia Delware & Sus Valley Blue Bell, PA | $3,956,221 | $4,070,559 |
Project Camp Inc Scottsville, KY | $18,355,939 | $3,774,764 |
Ronald Mcdonald House Charities Of Kentuckiana Inc Louisville, KY | $27,153,177 | $3,859,145 |