Strength To Love Foundation
- Assets
- $577.4k
- Revenue
- $175.9k
- Investments
- $542.6k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 83-4583303
Organization Overview
Strength To Love Foundation is located in Chicago, IL. The organization was established in 2020. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strength To 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 12/2021, Strength To Love Foundation generated $175.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $83.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTH2LOVE IS AN ASTHMA AND ALLERGY CLINIC COMMITTED TO CONTRIBUTING TO A HEALTHIER COMMUNITY AND ASPIRING TO PROVIDE SPECIALIZED HEALTHCARE AND SERVICES FREE OF CHARGE. SERVICES TO MEMBERS OF OUR COMUUNITY INCLUDE ASTHMA TREATMENT, FOOD ALLERGIES, ALLERGY TESTING, SEASONAL ALLERGIES, PEDIATRIC ALLERGIES AND ONGOING TREATMENT.
STRENGTH2LOVE IS COMMITTED TO COMMUNITY HEALTH IN ALL ASPECTS BY IMPROVING ACCESS TO HEALTHCARE, COMBATING FOOD INSECURITY AND VIOLENCE IN OUR COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Nayak Director | 20 | $0 | |
Alicia Nayak Secretary, Director | 5 | $0 | |
Paige Fitzpatrick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,823 |
| Capital Gain Net Income | $175,823 |
| Net ST Capital Gain | $178,370 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $6,423 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,833 |
| Total operating and administrative expenses | $75,303 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $83,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,824 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $473,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $577,410 |
| 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 | $4,567 |
| Total liabilities | $4,567 |
Grants Awarded
Over the last fiscal year, Strength To Love Foundation has awarded $8,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BITCOIN POLICY GROUP PURPOSE: PUBLISHING OF BITCOIN & THE AMERICAN DREAM | $1,000 |
CENTRO ROMERO PURPOSE: COMMUNITY ORGANIZATION SERVING REFUGEE IMMIGRANT POPULATION IN CHICAGO | $1,000 |
THE TRANSFORMING CENTER PURPOSE: RESOURCES FOR SPIRITUAL LEADERSHIP | $6,000 |