Love Deposit Inc
- Assets
- $66.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-1291545
Organization Overview
Love Deposit Inc is located in Dallas, TX. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Deposit 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 12/2022, Love Deposit Inc generated $15.6k 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 (12.4%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Nelson President | 25 | $0 | |
Brittina Booker Secretary | 15 | $0 | |
Lelani Russell Treasurer | 15 | $0 | |
Adelston Canady Board Member | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,566 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,566 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,000 |
| Total expenses | $15,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66 |
| Other assets | $0 |
| Total assets | $66 |
| Total liabilities | $0 |
| Net assets or fund balances | $66 |