Love Inc Of Columbia
- Assets
- $5.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 41
- Location
- Columbia, MO
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8801850
Organization Overview
Love Inc Of Columbia, operating under the name LOVE COLUMBIA formerly Love IN, is located in Columbia, MO. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, LOVE COLUMBIA formerly Love IN employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LOVE COLUMBIA formerly Love IN 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, LOVE COLUMBIA formerly Love IN generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 22.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOVE INC COORDINATES BOONE COUNTY RESOURCES AND VOLUNTEERS TO CREATE RELATIONSHIPS THAT ADDRESS THE UNDERLYING SOURCES OF EACH CLIENTS POVETY AND GUIDE HIM/HER INTO SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
THE LOVE SEAT PROVIDES USED FURNITURE, CLOTHING AND HOUSEHOLD ITEMS FREE OF CHARGE TO NEEDY CLIENTS MANY OF WHOM ARE COMING FROM INCARCERATION,EVICTION, OR A SHELTER FOR THE ABUSED. THE LOVE SEAT ALSO OPERATES A RESALE STORE THAT PROVIDES EMPLOYMENT FOR DISADVANTAGED INDIVIDUALS AS WELL AS GENERATING INCOME FOR OTHER LOVE INC PROGRAMS
THE PATH FORWARD PROGRAM PROVIDES INDIVIDUALIZED, COMPREHENSIVE ASSESSMENT AIMED AT FINDING UNDERLYING ISSUES CONTRIBUTING TO THE CLIENTS PERCEIVED NEEDS. COACHES PROVIDE GOAL-SETTING, ACTION-PLANNING AND FOLLOW-UP FOCUSING OF MANAGEABLE STEPS TOWARD LONG TERM SOLUTIONS. THIS MAY INVOLVE STRATEGIC FINANCIAL ASSISTANCE TO BRIDGE A GAP, REFERRAL TO OTHER LOVE INC PROGRAMS, MOBILIZATION OF VOLUNTEERS TO ADDRESS A PRACTICL NEED, REFERRAL TO EXTERNAL PROGRAMS AND COMMUNITY RESOURCES OR A NUMBER OF OTHER STRATEGIES TO EMPOWER CLIENTS TO MOVE FORWARD IN LIFE.
SIDE BY SIDE (FORMERLY A SUBSET OF PATH FORWRD) PROVIDES IN DEPTH COUNSELING AND TRAINING FOR TOPICS SPECIFIC TO INDIVIDUAL CLIENTS. HOUSING ISSUES ARE A MAJOR PART OF THIS SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Concannon Board Vice President | OfficerTrustee | 2 | $0 |
Carson Coffman President | OfficerTrustee | 3 | $0 |
Rose Williams Board Treasurer | OfficerTrustee | 5 | $0 |
Jane Williams Founding Director | Officer | 40 | $0 |
James P Mcmurry Key Employee | Officer | 0 | $0 |
Aaron Harris Director Of Operations | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $215,663 |
| Membership dues | $0 |
| Fundraising events | $88,091 |
| Related organizations | $0 |
| Government grants | $359,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,681,913 |
| Noncash contributions included in lines 1a–1f | $22,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,345,666 |
| Total Program Service Revenue | $601,909 |
| Investment income | $590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,405 |
| Net Gain/Loss on Asset Sales | -$35,164 |
| Net Income from Fundraising Events | $116,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,052,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $311,773 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $154,798 |
| Other salaries and wages | $968,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,137 |
| Payroll taxes | $100,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $350 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,149 |
| Advertising and promotion | $9,613 |
| Office expenses | $57,995 |
| Information technology | $20,847 |
| Royalties | $0 |
| Occupancy | $200,383 |
| Travel | $933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,835 |
| Insurance | $69,055 |
| All other expenses | $159,116 |
| Total functional expenses | $2,281,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,259,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,745 |
| Prepaid expenses and deferred charges | $7,382 |
| Net Land, buildings, and equipment | $3,387,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,357 |
| Other assets | $8,253 |
| Total assets | $5,767,790 |
| Accounts payable and accrued expenses | $90,367 |
| 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 | $8,914 |
| Total liabilities | $99,281 |
| Net assets without donor restrictions | $4,836,460 |
| Net assets with donor restrictions | $832,049 |
| 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 | $5,767,790 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Love Inc Of Columbia has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Beacon Of Hope Foundation Columbia, MO PURPOSE: CONTRIBUTION TO THE "BARRIERS FUND" WHICH HELPS INDIVIDUALS WITH NEEDS THAT ARE NOT COVERED THROUGH THE GOVERNMENT. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Catholic Charities Of Northeast Kansas Inc Overland Park, KS | $7,644,669 | $19,984,016 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Mid Sioux Opportunity Inc Remsen, IA | $5,070,371 | $19,629,808 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |