Love Inc Of Brevard Inc is located in Melbourne, FL. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Love Inc Of Brevard Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Brevard 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 12/2021, Love Inc Of Brevard Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 27.6% 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
THE MISSION OF LOVE INC IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST, IN PARTNERSHIP WITH NETWORK CHURCHES, AGENCIES, BUSINESSES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGE THRIFT SHOP: THE THRIFT STORE RECEIVES DONATED ITEMS FROM THE COMMUNITY, MAKING THEM AVAILABLE TO ACTIVE CLIENTS WITH VERIFIED NEEDS AT A SIGNIFICANT DISCOUNT OF 80% OFF THE THRIFT STORE PRICE. THOSE WHO CANNOT AFFORD TO PAY THE DISCOUNTED PRICE CAN WORK IN THE THRIFT STORE TO OFFSET THE PRICE OF THEIR ITEMS. CLIENTS IN NEED OF COMMUNITY ARE ENCOURAGED TO VOLUNTEER, FINDING A LOVING SUPPORTIVE PLACE WHERE THEY CAN CONTRIBUTE AND GROW. THRIFT STORE ITEMS ARE ALSO OFFERED FOR SALE TO THE PUBLIC, PRODUCING A REVENUE STREAM TO SUPPORT OTHER PROGRAM ACTIVITIES. REVENUE LISTED ABOVE DOES NOT INCLUDE THE VALUE OF CONTRIBUTED GOODS SOLD IN THE THRIFT STORE. EXPENSES LISTED DOES INCLUDE THE VALUE OF CONTRIBUTED GOODS.
INVESTING IN CLIENTS: LOVE INC WORKS WITH ITS PARTNERS TO SUPPLY GOODS AND PROVIDE SERVICES DIRECTLY TO CLIENTS WHO MAKE THE COMMITMENT TO GO BEYOND THEIR CURRENT CIRCUMSTANCES AND GROW THROUGH INDIVIDUALIZED ACTION PLANS, ONE STEP AT A TIME, FROM NEED TO SUSTAINABILITY. ASSISTANCE GIVEN INCLUDED OFFSETTING LIVING AND MEDICAL EXPENSES, PROVIDING LIFE SKILLS TRAINING AND COUNSELING OPPORTUNITIES, CONFRONTING UNDERLYING CAUSES OF CHRONIC NEED, ENCOURAGING THE DEVELOPMENT OF HEALTHY RELATIONSHIPS, ETC. AS A RESULT OF LOVE INC'S PARTNERSHIPS WITH LOCAL BUSINESSES AND AGENCIES, CLIENTS BENEFITED FROM $24,209 OF DONATED PROFESSIONAL SERVICES IN ADDITION TO THE MATERIAL GOODS ACCOUNTED FOR IN THE PROGRAM EXPENSES LISTED IN THIS REPORT. WHILE IT IS NOT OUR MISSION TO PROVIDE EMERGENCY ASSISTANCE, WE PROVIDE A RESOURCE GUIDE OF LOCAL AGENCIES WHO SPECIALIZE IN EMERGENCY RELIEF TO THOSE IN NEED OF ECONOMIC ASSISTANCE FOR IMMEDIATE, CRISIS SITUATIONS.
COMMUNITY TRANSFORMATION: WE ARE WORKING TO BRING TRANSFORMATION ON THE COMMUNITY LEVEL BY PULLING TOGETHER LIKE-MINDED, MISSIONALLY-ALIGNED INDIVIDUALS AND ORGANIZATIONS TO WORK TOWARDS HUMAN FLOURISHING AMIDST THESE SPECIFIC COMMUNITY WOES: DOMESTIC VIOLENCE, PREDATORY LENDING, DRUG ADDICTION, HUMAN TRAFFICKING, HOMELESSNESS, NEIGHBORHOOD REVITILIZATION, FOSTER CARE SUPPORT, AND STRONG COMMUNITY SCHOOLS. TO THIS END, WE MOBILIZE FULL-TIME STAFF TO BE IN THE COMMUNITY AS CATALYSTS FOR FORWARD-MOVEMENT AND ORGANIZATIONAL-COOPERATION. IN PRACTICE THIS LOOKS LIKE ORGANIZING AND FACILITATING CONVERSATIONS THAT INVOLVE INFLUENCERS AND DECISION-MAKERS IN OUR COUNTY TO FIGHT AGAINST THESE COMMUNITY-LEVEL DYSFUNCTIONS. AS WE GATHER TOGETHER AROUND THE TABLE PARTNERSHIPS ARE FORMED AND COMMUNITY MEMBERS ARE ACTIVATED TO BECOME PARTICIPANTS IN THE SOLUTIONS TO OUR COMMUNITIES GREATEST PROBLEMS.
OTHER PROGRAM SERVICES (DESCRIBED ON SCHEDULE O.)
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristy Stuart Executive Director | Officer | 40 | $60,216 |
Florida Holbert Treasurer | Officer | 0.67 | $0 |
Tony Hauck Chairperson | Officer | 1.43 | $0 |
Chris Waldrop Board Member | Trustee | 0.19 | $0 |
Janie Mcdermott Board Member | Trustee | 0.79 | $0 |
Mark Kendall Board Member | Trustee | 0.58 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,000 |
All other contributions, gifts, grants, and similar amounts not included above | $790,567 |
Noncash contributions included in lines 1a–1f | $398,225 |
Total Revenue from Contributions, Gifts, Grants & Similar | $795,567 |
Total Program Service Revenue | $411,518 |
Investment income | $1,103 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $1,265,908 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $96,466 |
Compensation of current officers, directors, key employees. | $36,190 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $270,801 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $28,197 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,506 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,879 |
Advertising and promotion | $466 |
Office expenses | $31,751 |
Information technology | $19,682 |
Royalties | $0 |
Occupancy | $115,424 |
Travel | $4,096 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,432 |
Interest | $1,099 |
Payments to affiliates | $10,467 |
Depreciation, depletion, and amortization | $7,185 |
Insurance | $17,482 |
All other expenses | $0 |
Total functional expenses | $1,128,851 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $268,782 |
Savings and temporary cash investments | $0 |
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 | $20,205 |
Prepaid expenses and deferred charges | $5,200 |
Net Land, buildings, and equipment | $17,318 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $67,392 |
Total assets | $378,897 |
Accounts payable and accrued expenses | $20,125 |
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 | $6,564 |
Other liabilities | $2,454 |
Total liabilities | $29,143 |
Net assets without donor restrictions | $212,502 |
Net assets with donor restrictions | $137,252 |
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 | $378,897 |
Over the last fiscal year, we have identified 6 grants that Love Inc Of Brevard Inc has recieved totaling $50,164.
Awarding Organization | Amount |
---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $28,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $9,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,200 |
Community Foundation For Brevard Inc Melbourne, FL PURPOSE: CITIZEN WELFARE | $5,970 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $811 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $183 |
Organization Name | Assets | Revenue |
---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |