Love The Hungry Inc
- Assets
- $274.3k
- Revenue
- $257.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Louisville, KY
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 45-3865957
Organization Overview
Love The Hungry Inc is located in Louisville, KY. The organization was established in 2013. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Love The Hungry Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love The Hungry 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 12/2023, Love The Hungry Inc generated $257.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $327.3k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING NOURISHMENT AND HOPE TO THE WORLD'S STARVING AND MALNOURISHED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, 4,100 VOLUNTEERS PACKAGED 790,000 TOTAL MEALS. DURING THE SAME PERIOD, MORE THAN 835,000 FORTIFIED MEALS WERE DELIVERED TO NON-GOVERNMENTAL PARTNERSHIPS IN ELEVEN COUNTRIES OUTSIDE THE U.S., WHILE 60,000 NUTRITIOUS MEALS WERE PROVIDED TO ASSIST FAMILIES IN KENTUCKY, SOUTHERN INDIANA AND THE U.S./PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Albert President | OfficerTrustee | 1.5 | $0 |
Chad Byron Treasuer | OfficerTrustee | 1.5 | $0 |
Mitzi Dobelstein Secretary | OfficerTrustee | 1.5 | $0 |
Sarah Towery Director | Trustee | 1.5 | $0 |
Jeff Steele Jr Vice President | OfficerTrustee | 1.5 | $0 |
Dale Oelker Executive Director | Officer | 40 | $54,096 |
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 | $256,961 |
| Noncash contributions included in lines 1a–1f | $18,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,961 |
| Total Program Service Revenue | $0 |
| Investment income | $323 |
| 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 | $257,284 |
| 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. | $54,096 |
| Compensation of current officers, directors, key employees. | $5,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,000 |
| Payroll taxes | $7,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,166 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,354 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,700 |
| Insurance | $6,852 |
| All other expenses | $10,500 |
| Total functional expenses | $327,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,404 |
| Savings and temporary cash investments | $30,323 |
| 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 | $99,361 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,374 |
| Total assets | $274,262 |
| Accounts payable and accrued expenses | $0 |
| 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 | $56,390 |
| Total liabilities | $56,390 |
| Net assets without donor restrictions | $217,872 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $274,262 |