Live Love Serve Foundation
- Assets
- $607.3k
- Revenue
- $441.9k
- Investments
- $485.9k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 81-0990159
Organization Overview
Live Love Serve Foundation is located in Charlotte, NC. The organization was established in 2018. 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. Live Love Serve 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, Live Love Serve Foundation generated $441.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $437.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Live Love Serve Foundation has awarded 220 individual grants totaling $2,595,701. 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 |
|---|---|---|---|
David Longo President | 2 | $0 | |
Christine Longo Director | 1 | $0 | |
Beth Restituto Director | 1 | $0 | |
Colleen Longo Director | 1 | $0 | |
Tommy Longo Director | 1 | $0 | |
William Gupton Secretary & Treasurer | 3 | $25,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $424,403 |
| Interest on Savings | $5,584 |
| Dividends & Interest | $11,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $678 |
| Capital Gain Net Income | $678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $6,560 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $441,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,008 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,482 |
| Total operating and administrative expenses | $37,048 |
| Contributions, gifts, grants paid | $400,391 |
| Total expenses and disbursements | $437,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,227 |
| Savings and temporary cash investments | $0 |
| 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 | $19,195 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $485,908 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,330 |
| 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, Live Love Serve Foundation has awarded $400,391 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
MS JUDY A OXFORD PURPOSE: PERSONAL HARDSHIP | $5,000 |
NOVANT HEALTH PURPOSE: PERSONAL HARDSHIP | $5,000 |
FOOD BANK OF CENTRAL & EASTERN NC PURPOSE: GENERAL SUPPORT | $1,950 |
WOUNDED WARRIOR PROJECT PURPOSE: GENERAL SUPPORT | $3,649 |
GARRETT TAYLOR PURPOSE: PERSONAL HARDSHIP | $10,000 |
SECOND HARVEST FOOD BANK OF METROLINA PURPOSE: GENERAL SUPPORT | $1,963 |