Tree Of Love Foundation Inc
- Assets
- $95.0k
- Revenue
- $47.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4595898
Organization Overview
Tree Of Love Foundation Inc is located in Beverly Hills, CA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tree Of Love Foundation Inc 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, Tree Of Love Foundation Inc generated $47.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (47.5%) each year. All expenses for the organization totaled $79.0k 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
THE ORGANIZATION PROVIDED CHARITABLE GIVING TO QUALIFYING ORGANIZATIONS AS WELL AS BENEVOLENT ASSISTANCE TO INDIGENT INDIVIDUALS.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Rastegar President | 5 | $0 | |
Jasmine Kahen Treasurer | 10 | $0 | |
Mikel Rastegar Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,572 |
| Interest on Savings | $50 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,622 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $78,983 |
| Total expenses and disbursements | $78,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,986 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,986 |
| 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, Tree Of Love Foundation Inc has awarded $78,983 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF BEVERLY GROVE PURPOSE: MEALS FOR THE ELDERLY | $12,860 |
ONE LEV ORG PURPOSE: AID FOR NEEDY FAMILIES | $6,812 |
CHABAD OF BRENTWOOD PURPOSE: MEDICAL EXPENSES FOR DISABLED CHILDREN | $2,000 |
CHABAD WEST BEL AIR PURPOSE: SUPPORT FOR SCHOOL PROGRAMS | $4,000 |
SEPIDEH TABIBIAN PURPOSE: RENT, MEDICAL, AND FOOD ASSISTANCE | $3,750 |
UGANDA SCHOOL ORPHANAGE PURPOSE: FOOD, MEDICINE, AND ESSENTIALS | $14,000 |