Love Fort Wayne Inc
- Assets
- $821.1k
- Revenue
- $492.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Fort Wayne, IN
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2474572
Organization Overview
Love Fort Wayne Inc is located in Fort Wayne, IN. The organization was established in 2015. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Love Fort Wayne Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Fort Wayne 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 Fort Wayne Inc generated $492.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $552.7k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
LOVE FORT WAYNE EXISTS TO IMAGINE, INSPIRE, AND IGNITE TRANSFORMATION THROUGH GOD'S LOVE. IMAGINING A FLOURISHING FORT WAYNE, LOVE FORT WAYNE WORKS TO CONVENE THE LIKE HEARTED TO: LOVE OUR FAMILIES, LOVE OUR SCHOOLS, LOVE OUR LEADERS AND LOVE OUR PASTORS THROUGH THE FOUNDATION OF PRAYER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUMMIT - FACILITATED AN IN-PERSON AND VIRTUAL LEADERSHIP CONFERENCE FOR LEADERS ACROSS NORTHEAST INDIANA.
PRAY FORT WAYNE - PROVIDING THE COMMUNITY WITH A PLACE FOR PRAYER, THROUGH THE OPERATION OF A 24/7 PRAYER ROOM.
LOVE OUR LEADERS - IGNITING A TRANSFORMATIONAL CHANGE IN HOW LEADERS LEAD, SERVE AND CONNECT FROM GENERATION TO GENERATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff King CEO | OfficerTrustee | 40 | $95,645 |
Lori Whitman COO | OfficerTrustee | 20 | $27,500 |
Mikel Byrd Director | Trustee | 10 | $10,000 |
Chuck Surack Director | Trustee | 0.75 | $0 |
Chris Norman Director | Trustee | 2 | $0 |
Mark Robison Director | Trustee | 0.5 | $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 | $445,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,718 |
| Total Program Service Revenue | $47,160 |
| Investment income | $0 |
| 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 | $492,878 |
| 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. | $113,145 |
| Compensation of current officers, directors, key employees. | $113,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,214 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,287 |
| Payroll taxes | $10,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33 |
| Fees for services: Accounting | $13,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,756 |
| Office expenses | $4,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,766 |
| Travel | $9,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,600 |
| Insurance | $8,884 |
| All other expenses | $42,975 |
| Total functional expenses | $552,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,938 |
| 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 | $329,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $821,146 |
| Accounts payable and accrued expenses | $5,490 |
| Grants payable | $0 |
| Deferred revenue | $90,000 |
| 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 | $95,490 |
| Net assets without donor restrictions | $96,731 |
| Net assets with donor restrictions | $628,925 |
| 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 | $821,146 |