Loveland Foundation Inc
- Assets
- $23.3m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Brooklyn, NY
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-3421375
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Sharlene Kemler Chief Executive Officer | Officer | 50 | $250,000 |
Rachle Cargle President | OfficerTrustee | 2 | $120,000 |
Joe Davis IV Treasurer | OfficerTrustee | 2 | $0 |
Donita Volkwijn Secretary | OfficerTrustee | 2 | $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 |
| 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. | $345,774 |
| Compensation of current officers, directors, key employees. | $46,726 |
| Compensation to disqualified persons | $126,649 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,850 |
| Payroll taxes | $29,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,200 |
| Fees for services: Accounting | $215,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,616 |
| Advertising and promotion | $0 |
| Office expenses | $13,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,943 |
| Travel | $14,861 |
| 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 | $2,917 |
| All other expenses | $101,443 |
| Total functional expenses | $2,259,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,958,865 |
| Pledges and grants receivable | $298,946 |
| 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 | $28,749 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $169,394 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,839,600 |
| Total assets | $23,295,554 |
| Accounts payable and accrued expenses | $119,858 |
| 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 | $119,858 |
| Net assets without donor restrictions | $20,831,912 |
| Net assets with donor restrictions | $2,343,784 |
| 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 | $23,295,554 |
Grants Recieved
Over the last fiscal year, we have identified 67 grants that Loveland Foundation Inc has recieved totaling $716,322.
| Awarding Organization | Amount |
|---|---|
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hanac Inc Astoria, NY | $24,898,755 | $13,915,261 |
Care In Action Inc New York, NY | $10,650,658 | $12,783,294 |
Committee To Protect Journalists Inc New York, NY | $41,395,492 | $12,187,476 |
Cayuga-Seneca Community Action Agency Inc Auburn, NY | $3,769,273 | $9,571,843 |
New York Immigration Coalition Inc New York, NY | $9,469,333 | $10,954,996 |
International Institute Of New England Inc Boston, MA | $12,158,874 | $8,105,922 |
People Projects To Empower & Organize The Psy Labeled Inc Poughkeepsie, NY | $2,948,791 | $6,832,246 |
Right To The City Alliance Inc Brooklyn, NY | $20,024,588 | $12,252,091 |
Childrens Rights Inc New York, NY | $11,543,865 | $16,951,270 |
Restaurant Opportunities Centers Roc United Inc New York, NY | $7,794,423 | $5,354,464 |
New Haven Legal Assistance Association Inc New Haven, CT | $4,154,895 | $5,085,291 |
New Immigrant Community Empowerment Jackson Heights, NY | $1,900,800 | $4,500,483 |