Gifts Of Love Inc
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Avon, CT
- Founding
- 02/1991
- Data as of
- 12/2020
- EIN
- 06-1309318
Organization Overview
Gifts Of Love Inc is located in Avon, CT. The organization was established in 1991. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Gifts Of Love Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifts Of Love 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 12/2020, Gifts Of Love Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GIFTS OF LOVE REDUCES FINANCIAL CRISES FOR WORKING INDIVIDUALS AND FAMILIES IN THE GREATER HARTFORD AREA BY OFFERING SHORT-TERM PROGRAMS AND EDUCATION THAT SUPPORT AND IMPROVE SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDS SERVICES - CLIENTS PERSONALLY CHOOSE FROM A SELECTION OF MEAT, FRESH SEASONAL PRODUCE, BAKED GOODS, NON-PERISHABLE FOODS, PAPER GOODS AND PERSONAL HYGIENE ITEMS ONCE PER MONTH. PROVISION OF FOOD ALSO INCLUDES EDUCATION ABOUT FOOD NUTRITION BY GENTLY GUIDING CLIENTS TOWARDS THE 'BETTER FOR YOU' OPTIONS TO IMPROVE OVERALL HEALTH AND WELL BEING. CLIENTS CAN ALSO CHOOSE IN-SEASON CLOTHING FOR THEIR ENTIRE FAMILY, AS WELL AS BED LINENS, TOWELS, CURTAINS, POTS, PANS, DISHES AND SMALL APPLIANCES.
FARM PROGRAM - THE GIFTS OF LOVE FARM, THROUGH A PARTNERSHIP WITH THE TOWN OF SIMSBURY, IS RESPONSIBLE TO STEWARD THE AGRICULTURAL LAND AND DIRECT A PORTION OF ITS OUTPUTS TOWARD THE SIMSBURY FOOD PANTRY. THE REMAINING AGRICULTURAL OUTPUT IS DIRECTED TO THE ORGANIZATION'S FOOD PANTRY'S AS WELL AS OTHER FOOD INSECURITY FOCUSED OPPORTUNITIES. IN ADDITION, THE FARM SERVES AS AN OPPORTUNITY TO ENGAGE IN EDUCATIONAL PROGRAMS ABOUT FOOD, AND AGRICULTURE SUCH AS HOSTING INCUBATOR FARMERS. THE FARM PRODUCES OVER TWO TONS OF FOOD PER YEAR, MUCH OF WHICH IS DONATED TO FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan C Pettengill Exec Directo | Officer | 40 | $81,100 |
Ashely Born President | OfficerTrustee | 2 | $0 |
Sean Riley Treasurer | OfficerTrustee | 2 | $0 |
Robert Wong Secretary | OfficerTrustee | 2 | $0 |
Maura Fitgerald Director | Trustee | 1 | $0 |
Lydia Tedone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,092,345 |
| Investment income | $1,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$25,775 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,510 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,670 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $157,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,053 |
| Office expenses | $28,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,473 |
| Travel | $0 |
| 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 | $65,062 |
| Insurance | $11,635 |
| All other expenses | $0 |
| Total functional expenses | $1,029,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,715 |
| Savings and temporary cash investments | $598,699 |
| Pledges and grants receivable | $71,362 |
| Accounts receivable, net | $59,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,249 |
| Prepaid expenses and deferred charges | $19,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,710,645 |
| Accounts payable and accrued expenses | $42,645 |
| Grants payable | $0 |
| Deferred revenue | $34,041 |
| 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 | $141,751 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,500 |
| Total liabilities | $219,937 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,490,708 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Gifts Of Love Inc has recieved totaling $250,824.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $54,754 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $53,100 |
Elizabeth Ferry Speer Foundation Avon, CT PURPOSE: GENERAL SUPPORT | $25,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: CAPITAL GRANTS | $16,298 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Springfield Rescue Mission Inc Springfield, MA | $3,518,136 | $17,540,773 |
Good Plus Foundation Inc New York, NY | $6,013,741 | $13,844,054 |
Ocean State Job Lot Charitable Foundation North Kingstown, RI | $5,018,116 | $7,935,020 |
Greg Hill Foundation Woburn, MA | $6,630,527 | $13,875,487 |
Caties Closet Inc Dracut, MA | $4,577,081 | $8,342,538 |
My Brothers Keeper Inc South Easton, MA | $7,204,366 | $7,147,768 |
Afya Foundation Inc Yonkers, NY | $5,777,434 | $5,238,210 |
Friendly House Inc Worcester, MA | $3,296,125 | $6,043,839 |
Rhode Island Rescue Ministries Providence, RI | $741,664 | $4,494,936 |
National Basketball Players Assoc Foundation New York, NY | $40,266,235 | $3,599,833 |
Bridge Fund Of New York Inc New York, NY | $5,307,792 | $4,504,357 |
Blue Card Inc New York, NY | $3,666,772 | $3,534,542 |