Love City Inc
- Assets
- $2.0m
- Revenue
- $947.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-5206106
Organization Overview
Love City Inc is located in Louisville, KY. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love City 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 City Inc generated $947.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
CHARITABLE ORGANIZATION RUNNING A COMMUNITY CENTER IN AN IMPOVERISHED AREA PROVIDING AFTER SCHOOL AND SUMMER PROGRAMS FREE TO AGES 3-18. THESE PROGRAMS INCLUDE TUTORING, ART AND MUSIC PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ORGANIZATION RUNNING A COMMUNITY CENTER IN AN IMPOVERSHED AREA PROVIDING AFTER SCHOOL AND SUMMER PROGRAMS FREE TO AGES 3-18. THESE PROGRAMS INCLUDE TUTORING, ART, AND MUSIC PROGRAMS
THE ORGANIAZATION HAS ESTABLISHED A DBA CALLED MIGHTY OAK ACADEMY. THIS DAYCARE/PRESCHOOL PROGRAM PROVIDES THE COMMUNITY WITH A SAFE, LOVING, AND CURRICULUM BASED ENVIRONMENT TO PREPARE THEIR CHILDREN FOR THE NEXT LEVEL OF LEARNING.
THE ORGANIZATION HAS ESTABLISHED A DBA CLLED PORKLAND BBQ. THIS RESTAURANT PROVIDES THE COMMUNITY WITH A PLACE TO SIT DOWN AND ENJOY LUNCH OR DINNER THAT IS NOT FROM A FAST FOOD RESTAURANT. THE RESTAURANT EMPLOYES LOCAL INDIVIDUALS FROM THE PORTLAND NEIGHBORHOOD IN ORDER TO STIMULATE THE IMPOVERISHED AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Inga Arvin Executive Director | Officer | 30 | $36,885 |
Elizabeth Satterfield Director | Trustee | 1 | $0 |
Brittany Spiller Director | Trustee | 1 | $0 |
Adam Watson Director | Trustee | 1 | $0 |
Channock Banet Director | Trustee | 1 | $0 |
James Essex Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $755,104 |
| Total Program Service Revenue | $166,864 |
| Investment income | $704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,746 |
| 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 | $947,418 |
| 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. | $36,886 |
| Compensation of current officers, directors, key employees. | $11,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $691,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,486 |
| Office expenses | $26,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,643 |
| Travel | $8,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,760 |
| Insurance | $48,527 |
| All other expenses | $3,157 |
| Total functional expenses | $1,154,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,149 |
| Prepaid expenses and deferred charges | $1,934 |
| Net Land, buildings, and equipment | $1,801,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,009,658 |
| Accounts payable and accrued expenses | $20,204 |
| 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 | $649,618 |
| Unsecured mortgages and notes payable | $140,672 |
| Other liabilities | $0 |
| Total liabilities | $810,494 |
| Net assets without donor restrictions | $1,183,048 |
| Net assets with donor restrictions | $16,116 |
| 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 | $2,009,658 |