Loveland Foundation Inc

Organization Overview

Loveland Foundation Inc is located in Brooklyn, NY. The organization was established in 2019. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Loveland Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveland 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, Loveland Foundation Inc generated $8.1m in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 371.4% per year over the past 2 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

MISSION STATEMENT THE LOVELAND FOUNDATION INC. WAS FORMED FOR THE PURPOSE OF SHOWING UP FOR COMMUNITIES OF COLOR IN UNIQUE AND POWERFUL WAYS, WITH A PARTICULAR FOCUS ON BLACK WOMEN AND GIRLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THERAPY FUND LOVELAND THERAPY FUND RECIPIENTS WILL HAVE ACCESS TO COMPREHENSIVE LISTS OF MENTAL HEALTH PROFESSIONALS ACROSS THE COUNTRY PROVIDING HIGH QUALITY, CULTURALLY COMPETENT SERVICES TO BLACK WOMEN AND GIRLS.


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Board, Officers & Key Employees

Name (title)Compensation
Sharlene Kemler
Chief Executive Officer
$250,000
Rachle Cargle
President
$120,000
Donita Volkwijn
Secretary
$0
Joe Davis IV
Treasurer
$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$8,081,641
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,081,641
Total Program Service Revenue$0
Investment income $716
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$13,313
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,069,044

Grants Recieved

Over the last fiscal year, we have identified 67 grants that Loveland Foundation Inc has recieved totaling $716,322.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$240,961
Universal Music All Together Now Foundation Inc

Santa Monica, CA

PURPOSE: NATIONAL MENTAL HEALTH ORG

$50,000
Archewell Inc

Beverly Hills, CA

PURPOSE: MENTAL HEALTH SERVICES FOR WOMEN OF COLOR

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$40,200
Pledgeling Foundation

Venice, CA

PURPOSE: GENERAL

$39,312
Nike Foundation

Beaverton, OR

PURPOSE: OPERATING SUPPORT

$25,000
View Grant Recipient Profile

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