Love One Another Embassy Inc
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Lebanon, TN
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 64-1641617
Organization Overview
Love One Another Embassy Inc, operating under the name Joseph's Storehouse Food Ministry, is located in Lebanon, TN. The organization was established in 1997. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Joseph's Storehouse Food Ministry employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph's Storehouse Food Ministry 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 12/2021, Joseph's Storehouse Food Ministry generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE GOSPEL OF JESUS CHRIST AS TAUGHT IN THE HOLY BIBLE AND PROVIDE FOOD AND OTHER BENEVOLENT ASSISTANCE TO THE NEEDY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEVOLENCE LOAE DISTRIBUTES FOOD, TOILETRY AND HOUSEHOLD ITEMS TO NEEDY INDIVIDUALS/FAMILIES AND TO OTHER 501C3 ORGANIZATIONS WHO ALSO PROVIDE ASSISTANCE TO THE NEEDY. THIS INCLUDES MONTHLY DISTRIBUTIONS TO APPROXIMATELY 400 QUALIFIED LOW-INCOME INDIVIDUALS FAMILIES AS WELL AS EMERGENCY FOOD ON A CASE-BY-CASE BASIS. LOAE HAS AN APPLICATION AND APPROVAL PROCESS AND KEEPS DETAILED RECORDS OF THOSE ASSISTED. OVER ONE MILLION POUNDS OF FOOD WERE DISTRIBUTED TO OVER 4,600 NEEDY FAMILIES IN ADDITION TO THE OTHER CHARITIES THAT WERE SUPPORTED.
PROMOTING THE GOSPEL LOAE PROMOTES THE GOSPEL OF JESUS CHRIST AS TAUGHT IN THE HOLY BIBLE THROUGH MONTHLY BIBLE STUDIES AND PRAYER MEETINGS. IN ADDITION, LOAE PROVIDES CHARITABLE GIVING TO OTHER 501C3 ORGANIZATIONS TO SUPPORT THEIR ACTIVITIES OF PROMOTING THE GOSPEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benny Nolen President | OfficerTrustee | 30 | $49,400 |
Peggy Evans Vice-Pres | OfficerTrustee | 1 | $15,600 |
Chris Johnson Secretary | OfficerTrustee | 6 | $6,810 |
Tom Boyd Treasurer | OfficerTrustee | 4 | $0 |
Jb Copeland Director | Trustee | 2 | $0 |
Chip Smith Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,219 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,374,399 |
| Noncash contributions included in lines 1a–1f | $1,038,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,412,984 |
| Total Program Service Revenue | $0 |
| Investment income | $339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,414,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,300 |
| Grants and other assistance to domestic individuals. | $225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,399 |
| Compensation of current officers, directors, key employees. | $24,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,111 |
| Pension plan accruals and contributions | $15,600 |
| Other employee benefits | $4,599 |
| Payroll taxes | $3,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,820 |
| Office expenses | $28,081 |
| Information technology | $600 |
| Royalties | $0 |
| Occupancy | $45,582 |
| Travel | $5,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,950 |
| Insurance | $2,860 |
| All other expenses | $0 |
| Total functional expenses | $1,301,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,672 |
| Savings and temporary cash investments | $28,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $395,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $288,079 |
| Investments—publicly traded securities | $11,361 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,174,252 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,103 |
| Total liabilities | $1,103 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,173,149 |
| Total liabilities and net assets/fund balances | $1,174,252 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Love One Another Embassy Inc has recieved totaling $412,410.
| Awarding Organization | Amount |
|---|---|
Second Harvest Food Bank Of Middle Tennessee Inc Nashville, TN PURPOSE: TO ASSIST IN FEEDING HUNGRY PEOPLE | $386,310 |
Nashville Rescue Mission Nashville, TN PURPOSE: PROVIDE FOOD /SUPPLIES | $26,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |