Love Inc Of Lake County
- Assets
- $1.2m
- Revenue
- $842.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Waukegan, IL
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 36-3975110
Organization Overview
Love Inc Of Lake County is located in Waukegan, IL. The organization was established in 1996. As of 12/2021, Love Inc Of Lake County employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Lake County 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 Inc Of Lake County generated $842.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $709.0k during the year ending 12/2021. While expenses have increased by 10.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND COORDINATE CHURCHES IN THE LAKE COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOVED TWICE THRIFT BOUTIQUE - UNDER MANAGEMENT OF THE STORE MANAGER, VOLUNTEERS STAFF A RESALE THRIFT STORE THAT OFFERS CLOTHING, HOUSEHOLD DECOR ITEMS, KITCHENWARE, FURNITURE AND OTHER ITEMS. PROCEEDS SUPPORT THE GENERAL OPERATIONS OF THE ORGANIZATION.
CLEARINGHOUSE (HELP CENTER) - CLEARINGHOUSE COORDINATOR MANAGES A STAFF OF VOLUNTEERS WHO RECEIVE REQUESTS FOR ASSISTANCE AND REFER PEOPLE TO WHERE HELP IS AVAILABLE. MOST OF THE REQUESTS ARE HANDLED BY LOVE INC CHURCH PARTNERS
GAP MINSTRIES - UNDER THE MANAGEMENT OF THE GAP MINISTRY COORDINATOR, VOLUNTEERS RESPOND TO THE NEEDS OF THE PEOPLE CALLING INTO THE CLEARINGHOUSE FOR ASSISTANCE. VOLUNTEERS DELIVER FURNITURE, BEDDING, KITCHEN AND COOKWARE, BABY SHOWERS AND OTHER DONATED HOUSEHOLD GOODS TO PEOPLE IN NEED. VOLUNTEERS ALSO SORT AND LAUNDER DONATED CLOTHING AND DELIVER IT TO CLOTHING CLOSETS RUN BY PARTNERS CHURCHES.
NEW HOPE MINISTRY - VOLUNTEERS FACILITATE AND TEACH CLASSES, AND PROVIDE COACHING DESIGNED TO RESTORE HOPE AND TEACH LIFE SKILLS THAT HELP PEOPLE REACH THE POTENTIAL GOD INSTILLED IN THEM. THAT MAY INCLUDE MOVING FROM POVERTY TO SELF-SUFFICIENCY. CLASSES INCLUDE SETTING AND ACHIEVING GOALS, MAINTAINING HEALTHY BOUNDARIES IN RELATIONSHIPS, FINANCIAL MANAGEMENT, JOB SKILLS AND OTHER LIFE SKILL ENHANCEMENTS. TRANSPORTATION - THE ORGANIZATION PARTNERS WITH LOCAL CAR REPAIR SHOPS TO PROVIDE SAFETY RELATED REPAIRS TO ENSURE RELIABLE TRANSPORTATION FOR A PERSON TO GET TO WORK, SCHOOL OR APPOINTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Schwartz Executive Di | 40 | $46,154 | |
Gary Garland Executive Di | OfficerTrustee | 40 | $0 |
Tim Banks Board Chair/ | OfficerTrustee | 2 | $0 |
Stacey Straughan Vice Chair/v | OfficerTrustee | 2 | $0 |
John Skillman Treasurer | OfficerTrustee | 2 | $0 |
Scott Anderson Secretary | Trustee | 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 | $598,047 |
| Noncash contributions included in lines 1a–1f | $261,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,047 |
| Total Program Service Revenue | $0 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $110,652 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $113,687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,189 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $46,154 |
| Other salaries and wages | $190,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,076 |
| Advertising and promotion | $0 |
| Office expenses | $12,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,053 |
| 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 | $28,609 |
| Insurance | $6,884 |
| All other expenses | $3,127 |
| Total functional expenses | $708,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306 |
| Savings and temporary cash investments | $512,108 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $651,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,164,128 |
| Accounts payable and accrued expenses | $9,151 |
| 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 | $9,151 |
| Net assets without donor restrictions | $1,108,264 |
| Net assets with donor restrictions | $46,713 |
| 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 | $1,164,128 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Love Inc Of Lake County has recieved totaling $71,955.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $47,024 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,801 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,122 |
Givenkind Gurnee, IL PURPOSE: TO ASSIST THOSE IN NEED | $7,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Health East Communities St Louis, MO | $429,335,158 | $86,174,797 |
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Bon Secours Mercy Health Foundation Cincinnati, OH | $455,909,792 | $66,888,886 |
Regional West Physicians Clinic Scottsbluff, NE | $19,988,979 | $77,287,786 |
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Rbc Ministries Grand Rapids, MI | $21,687,815 | $61,139,442 |
Our Sunday Visitor Inc Huntington, IN | $123,886,339 | $53,288,223 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
John E Fetzer Institute Inc Kalamazoo, MI | $713,343,604 | $26,097,700 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |