Grandmas Love Inc
- Assets
- $44.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-3474258
Organization Overview
Grandmas Love Inc is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandmas Love 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, Grandmas Love Inc generated $136.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $152.7k during the year ending 12/2023. While expenses have increased by 44.6% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GRANDMA'S LOVE, INC. HAS HAD AN EXTREMELY PRODUCTIVE YEAR WITH SERVICE. WE HAVE EXPANDED OUR SCHOOLS TO SERVICE MORE FAMILIES AND HAVE A TOTAL OF 7 BOOK VENDING MACHINES WITH 3 MORE SCHEDULED FOR THE UPCOMING SCHOOL YEAR. OUR TOTAL NUMBER OF FAMILIES ROUNDS UP TO APPROX 40,000 MEALS PER SCHOOL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Monforte-Caraballo Executive Dir. | 35 | $16,500 | |
Jane Parmel Chairman | 5 | $0 | |
Patrycja Marocola Treasurer | 5 | $0 | |
Maria Trivedi Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,832 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$892 |
| Other Revenue | $0 |
| Total Revenue | $136,940 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,372 |
| Professional fees and other payments to independent contractors | $5,721 |
| Occupancy, rent, utilities, and maintenance | $13,695 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,665 |
| Total expenses | $152,731 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,716 |
| Other assets | $0 |
| Total assets | $44,278 |
| Total liabilities | $12,791 |
| Net assets or fund balances | $31,487 |