M & S Love Foundation
- Assets
- $2.1m
- Revenue
- $71.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/1949
- Data as of
- 12/2023
- EIN
- 56-6040789
Organization Overview
M & S Love Foundation is located in Cincinnati, OH. The organization was established in 1949. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M & S Love Foundation 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, M & S Love Foundation generated $71.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $163.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, M & S Love Foundation has awarded 70 individual grants totaling $1,012,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fifth Third Bank N A Trustee | 1 | $34,530 | |
Charles Love Trustee | 1 | $0 | |
Lela Love Trustee | 1 | $0 | |
Julian Love Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,980 |
| Capital Gain Net Income | $20,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,603 |
| Total Revenue | $71,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,530 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,925 |
| Total operating and administrative expenses | $38,361 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $163,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $71,637 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,053,240 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,124,878 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, M & S Love Foundation has awarded $125,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GATHER INC PURPOSE: ANNUAL FUND | $10,000 |
FRIENDS OF RYE NATURE CENTER INC PURPOSE: ANNUAL FUND | $20,000 |
NEW HAMPSHIRE HUNGER SOLUTIONS INC PURPOSE: ANNUAL FUND | $10,000 |
SOUTHERN ENVIRONMENTAL LAW CENTER PURPOSE: ANNUAL FUND | $20,000 |
CHARLOTTE RESCUE MISSION PURPOSE: ANNUAL FUND | $15,000 |
UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL PURPOSE: SCHOLARSHIP | $35,000 |