Lovemark Foundation Inc

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 12/2023, Lovemark Foundation Inc generated $159.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $148.5k during the year ending 12/2023. While expenses have increased by 5.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL & EMOTIONAL SUPPORT TO THOSE DEALING WITH BRAIN CANCER AND/OR BRAIN TUMORS. RATHER THAN FUNDING RESEARCH ORGANIZATIONS, WE PROVIDE DIRECT & TANGIBLE RESOURCES TO PATIENTS. DONATIONS ARE INTENDED TO HELP PATIENTS & FAMILIES NAVIGATE THROUGH THEIR INDIVIDUAL JOURNEYS BY PROVIDING DIRECT SUPPORT FOR EXPENSES; SUCH AS, HOUSING COSTS, MEDICAL EQUIPMENT & SUPPLIES, TRANSPORTATION TO & FROM APPOINTMENTS, AND MUCH MORE.

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, $100,000 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)Compensation
Tiva Lovemark
President
$0
Jamie Lovemark
Vice President / Treasurer
$0
Danielle Molinaro
Director
$0
Whitney Elliott
Director
$0
Simon Elliott
Director
$0
Dana Duff
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$127,936
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$63,206
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$191,142
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 -$31,259
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $159,883

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