Greater Love Foundation
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $3.0m
- Employees
- 0
- Location
- Palos Verdes Estates, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3792994
Organization Overview
Greater Love Foundation is located in Palos Verdes Estates, CA. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Love Foundation 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, Greater Love Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $591.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Tong President | 1 | $0 | |
Lauren Tong Secretary | 1 | $0 | |
Stephanie Tang CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,710,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,357 |
| Capital Gain Net Income | $19,357 |
| Net ST Capital Gain | $16,429 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,889,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $885 |
| Total operating and administrative expenses | $27,637 |
| Contributions, gifts, grants paid | $564,000 |
| Total expenses and disbursements | $591,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,458 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,682,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Greater Love Foundation has awarded $564,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Gardena, CA PURPOSE: PAYMENTS TO HELP CHURCH CAMP AND OTHER SUCH ACTIVITIES. | $500,000 |
Pasadena, CA PURPOSE: PAYMENTS TO HELP THE ORANIZATION SUPPORTING FORMER FOSTER AND PROBATION YOUTH TO LIVE FULLY INDEPENDENT, SUCCESSFUL LIVES. | $30,000 |
KING'S HILL CHURCH PURPOSE: PAYMENTS TO HELP CHURCH CAMP AND OTHER SUCH ACTIVITIES. | $22,000 |
San Antonio, TX PURPOSE: PAYMENTS TO HELP THE ORANIZATION OFFERING A SYSTEM OF STRUCTURED BIBLE STUDY. | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Nike Foundation Beaverton, OR | $18,150,265 | $37,684,992 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |