Love Inc Of Metro Tampa
- Assets
- $205.8k
- Revenue
- $349.9k
- Investments
- $30.2k
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-2456286
Organization Overview
Love Inc Of Metro Tampa is located in Tampa, FL. The organization was established in 2016. 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. Love Inc Of Metro Tampa 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, Love Inc Of Metro Tampa generated $349.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $253.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOVE INC OF METRO TAMPA HAS A MISSION TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST. WE USE A PROVEN MODEL THAT NETWORKS LOCAL CHURCHES, CHURCH VOLUNTEERS AND COMMUNITY ORGANIZATIONS TOGETHER TO HELP PEOPLE IN NEED. THROUGH OUR HELP CENTER CLEARINGHOUSE APPROACH, CHURCHES AND VOLUNTEERS ARE MOBILIZED TO WORK TOGETHER, ACROSS DENOMINATIONAL LINES. THIS ALLOWS US TO OFFER COORDINATED SUPPORT FOR STRUGGLING NEIGHBORS WITH BASIC NEEDS SUCH AS FOOD, FURNITURE AND SHELTER. THROUGH OUR TRANSFORMATIONAL MODEL, OUR FOCUS IS TO ENCOURAGE AND INSPIRE OUR GUESTS TO CONNECT WITH A MENTOR AND JOIN US IN LONG-TERM PERSONAL DEVELOPMENT EXPERIENCES LIKE FINANCIAL PLANNING, HEALTH & WELLNESS, GOAL SETTING OR EMPLOYMENT ASSISTANCE. THIS MAKES US DIFFERENT BY DESIGN - MOBILIZING CHURCH MISSIONS AND RESOURCES TO TRANSFORM LIVES AND PUT GOD'S LOVE ON DISPLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON AVERAGE, LOVE INC OF METRO TAMPA RECEIVES OVER 500 REFERRALS FOR SERVICE PER YEAR--THIS INCLUDES REFERRALS MADE BY PARTNER CHURCHES, COMMUNITY AGENCIES AND INDIVIDUALS THEMSELVES. THIS ALLOWED US TO SERVE 300 FAMILIES, INCLUDING 253 CHILDREN, IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Smith Executive Director | OfficerTrustee | 40 | $60,577 |
Lance Curry Vice Chair | Officer | 0.5 | $0 |
Thaddeus Bereday Chair | Officer | 2 | $0 |
Logan Rodriguez Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,512 |
| Total Program Service Revenue | $0 |
| Investment income | $409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $349,921 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,188 |
| All other expenses | $0 |
| Total functional expenses | $253,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,607 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,776 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $169,066 |
| Net assets with donor restrictions | $36,710 |
| 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 | $205,776 |