Love Inc in Lafayette, Louisiana (LA)
Table of contents:
| Love Inc | |
| Employer Identification Number (EIN) | 582039165 |
| Name of Organization | Love Inc |
| In Care of Name | LISA TRAHAN |
| Address | PO BOX 61028, Lafayette, LA 70596 |
| Activities | Other religious activities |
| Subsection | Charitable Organization, Religious Organization |
| Ruling Date | 04/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2010 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $39,968 |
| Amount of Income | $81,630 |
| Form 990 Revenue Amount | $79,146 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations |
Non-representatives - add comments:
Amount of income in 2010: $81,630 (it was $79,146 in 2013)
| This organization: | $81,630 |
| Other organizations performing similar types of work: | $124,396 |
Assets in 2010: $39,968 (it was $39,968 in 2013)
| This organization: | $39,968 |
| Other organizations performing similar types of work: | $313,863 |
Expenses in 2013: $68,734
| This organization: | $68,734 |
| Other organizations performing similar types of work: | $64,100 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2013: 62.7%
| Love Inc: | 62.7% |
| Other organizations performing similar types of work: | 0.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $55,868 | $72,235 | $79,146 |
| Contributions, gifts, grants, and similar amounts received | $39,120 | $46,868 | $49,646 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $16 | $15 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $16,742 | $25,351 | $29,485 |
| Gross income from gaming | $0 | $29,069 | $0 |
| Gross income from fundraising events | $19,173 | $0 | $31,969 |
| Less: direct expenses from gaming and fundraising events | $2,431 | $3,718 | $2,484 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $54,784 | $65,935 | $68,734 |
| Total net assets | $22,104 | $28,404 | $38,816 |
| Excess/Deficit for the year | $1,084 | $6,300 | $10,412 |
| Net assets or fund balances at beginning of year | $20,733 | $22,104 | $28,404 |
| Other changes in net assets or fund balances | $287 | $0 | $0 |
| Net assets or fund balances at end of year | $28,404 | $38,816 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $22,991 | $29,490 | $39,968 |
| Total liabilities | $887 | $1,086 | $1,152 |
| Net assets or fund balances | $22,104 | $28,404 | $38,816 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $291,985 |
| Subtotal | $291,985 |
| Gifts, grants, contributions, and membership fees received | $230,947 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $61,038 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $292,016 |
| Public support | $291,985 |
| Subtotal | $31 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $31 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Tony Patino Fellowship Trust 783352 | PO BOX 1297, New York, NY 10008-1297 | NY | 1997-10 | $1,573,984 |
| 2 | Pakis Family Foundation | 2201 E Camelback Rd Ste 405b, Phoenix, AZ 85016-3431 | AZ | 1997-02 | $27,278,652 |
| 3 | Hospice Foundation Of Acadiana | 2600 Johnston Street, Lafayette, LA 70503-3269 | LA | 1997-03 | $521,325 |
| 4 | Halloweens In New Orleans Inc | PO BOX 52171, New Orleans, LA 70152-2171 | LA | 1992-02 | $328,541 |
| 5 | Louisiana Philharmonic Orchestra Endowment Trust | 1055 St Charles Avenue No 100, New Orleans, LA 70130-3981 | LA | 1998-10 | $206,117 |
| 6 | Love Inc | PO BOX 61028, Lafayette, LA 70596 | LA | 1993-04 | $81,630 |
| 7 | Maecenas Society | 1601 Viking Dr, Shreveport, LA 71101 | LA | 1996-03 | $80,836 |
| 8 | The Marie Lahasky Foundation | 714 W Lastie St, Erath, LA 70533-3210 | LA | 1995-06 | $68,704 |
| 9 | The Lafayette Public Library Foundation | PO BOX 53024, Lafayette, LA 70505-3024 | LA | 1993-11 | $27,514 |
| 10 | Salmon Foundation | 3048 Miller Rd, Jackson, LA 70748-3411 | LA | 1995-06 | $2,191 |
| 11 | Virginia Miniex And Margo St Julian Simien Memorial Scholarship Fund | 104 Rue Iberville, Lafayette, LA 70508-3250 | LA | 1996-12 | $1,593 |
| 12 | Charles M Smith Md Foundation | 127 W Broad St Ste 800, Lake Charles, LA 70601-4291 | LA | 1998-12 | $589 |
| 13 | Reach-Out International Inc | 10447 Barring Foreman Rd, Baton Rouge, LA 70816 | LA | 1998-06 | $50 |
| 14 | Childcare Assistance Programs Inc | PO BOX 80648, Baton Rouge, LA 70898-0648 | LA | 1991-11 | $0 |
| 15 | Friends Of The Oakley Plantation Inc, Friends Of The Oakley Platation Inc | PO BOX 610, Saint Francisville, LA 70775 | LA | 1991-04 | $0 |
| 16 | Harvest Of Thanks Inc | PO BOX 636, Golden Meadow, LA 70357-0636 | LA | 1996-02 | $0 |
| 17 | Nami Baton Rouge | 5335 Elm Grove Road, Port Allen, LA 70767 | LA | 1991-08 | $0 |
| 18 | Past District Officers Greater New Orleans Kiwanis Foundation | 2324 Severn Ave Ste A, Metaire, LA 70001-6944 | LA | 1995-08 | $0 |
| 19 | Slidell Memorial Health Foundation Inc | 1001 Gause Blvd, Slidell, LA 70458-2939 | LA | 1991-09 | $0 |
| 20 | Worldwide Children Relief Fund Inc | PO BOX 83653, Baton Rouge, LA 70884-3653 | LA | 1996-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,101 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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