Loveloud Foundation
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 82-2274937
Organization Overview
Loveloud Foundation is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loveloud 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 12/2021, Loveloud Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $76.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Loveloud Foundation has awarded 54 individual grants totaling $2,109,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IGNITE THE VITAL CONVERSATION ABOUT WHAT IT MEANS TO LOVE, UNDERSTAND, ACCEPT AND SUPPORT OUR LGBTQ+ FRIENDS AND FAMILY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOVELOUD FESTIVAL WAS AN EVENT HELD JUNE 29,2019 AT USANA AMPHITHEATRE IN WEST VALLEY CITY, UTAH. THE EVENT FEATURED MANY ARTISTS AND SPEAKERS EDUCATING THE ATTENDEES ON THE FACTS ABOUT TEEN SUICIDES BEING THE LEADING CAUSE OF DEATH FOR TEENS IN THIS REGION AMONG THE LGBTQ+ COMMUNITY. THE MISSION OF THE FESTIVAL IS AN EDUCATIONAL AND COMMUNITY BUILDING PROGRAM OF THE LOVELOUD FOUNDATION.ALL NET PROCEEDS FROM THE PROGRAM BENEFIT LBGTQ+ YOUTH THROUGH GRANTS FROM THE LOVELOUD FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tegan Quin Board Member | Officer | 10 | $0 |
Carmen Carrera Board Member | Officer | 10 | $0 |
Evan Lamberg Board Member | Officer | 10 | $0 |
Stephanie Larsen Board Member | Officer | 10 | $0 |
Anthony Ramos Board Member | Officer | 10 | $0 |
Tyler Glen Vice Chair | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $380,646 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,039,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,420,509 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $43,196 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,463,705 |
| 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 | $60,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,165 |
| Advertising and promotion | $626 |
| Office expenses | $1,562 |
| 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 | $377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,079 |
| All other expenses | $0 |
| Total functional expenses | $76,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,445,940 |
| 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 | $5,277 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,451,217 |
| 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 | $5,552 |
| Total liabilities | $5,552 |
| 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 | $1,445,665 |
| Total liabilities and net assets/fund balances | $1,451,217 |
Grants Awarded
Over the last fiscal year, Loveloud Foundation has awarded $927,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: TO ADVANCE THE AWARENESS OF LGBTQ COMMUNITY. | $150,000 |
West Hollywood, CA PURPOSE: TO ADVANCE THE AWARENESS OF LGBTQ COMMUNITY. | $150,000 |
West Hollywood, CA PURPOSE: TO ADVANCE THE AWARENESS OF LGBTQ COMMUNITY. | $150,000 |
Salt Lake City, UT PURPOSE: TO ADVANCE THE AWARENESS OF LGBTQ COMMUNITY. | $150,000 |
Washington, DC PURPOSE: TO ADVANCE THE AWARENESS OF LGBTQ COMMUNITY. | $35,000 |
Washington, DC PURPOSE: TO ADVANCE THE AWARENESS OF LGBTQ COMMUNITY. | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Loveloud Foundation has recieved totaling $25,168.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Friends Of Migdal Ohr New York, NY | $3,730,032 | $10,984,371 |
Newark Youth Development Fund Inc Newark, NJ | $8,290 | $6,651,415 |
Oak Hill Foundation Inc Hartford, CT | $142,145,010 | $15,501,969 |
Wakeman Boys And Girls Club Corporation Fairfield, CT | $0 | $0 |
Big Brothers Big Sisters Of Long Island Donation Center Inc Islandia, NY | $6,798,757 | $4,499,904 |
Homewood Childrens Village Pittsburgh, PA | $2,623,415 | $3,020,728 |
Girl Effect Inc New York, NY | $8,038,131 | $10,243,411 |
The Union League Legacy Foundation Philadelphia, PA | $19,017,590 | $3,492,460 |
Boy Scouts Of America Mohegan Lake, NY | $5,034,510 | $744,573 |
Boy Scouts Of America Mohegan Lake, NY | $3,955,009 | $347,240 |
Roca Pallin Youth Center Inc Chelsea, MA | $6,602,036 | $2,128,214 |
Boys & Girls Club Of Paterson And Passaic Association Inc Paterson, NJ | $5,775,233 | $273,672 |