Ark Of Love Foundation is located in Hayneville, AL. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ark Of 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 12/2022, Ark Of Love Foundation generated $140.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $160.3k during the year ending 12/2022. While expenses have increased by 3.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe E Bell President | 1 | $0 | |
Kelvin Lawrence Vice President | 1 | $0 | |
Willie B Hill Treasurer | 3 | $0 | |
Anthony Satterwhite Executive Director | 40 | $53,825 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70 |
| Total Program Service Revenue | $139,994 |
| Membership dues | $1 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,065 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $105,358 |
| Professional fees and other payments to independent contractors | $3,462 |
| Occupancy, rent, utilities, and maintenance | $2,503 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,934 |
| Total expenses | $160,257 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,014 |
| Other assets | $0 |
| Total assets | $265,440 |
| Total liabilities | $42,828 |
| Net assets or fund balances | $222,612 |