Love Inc Of Skagit County-In The Name Of Christ
- Assets
- $428.2k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Mount Vernon, WA
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 91-1513928
Organization Overview
Love Inc Of Skagit County-In The Name Of Christ is located in Mount Vernon, WA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Love Inc Of Skagit County-In The Name Of Christ employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Inc Of Skagit County-In The Name Of Christ 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, Love Inc Of Skagit County-In The Name Of Christ generated $206.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $167.1k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST DISPLACED INDIVIDUALS AND FAMILIES WITH SERVICERS SUCH AS RENT, FOOD, UTILITIES, USED FURNITURE, TRANSPORTATION, CAR REPAIRS, TRANSITIONAL HOUSING AND FINANCIAL MENTORING. SERVICED 2,472 INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST DISPLACED INDIVIDUALS AND FAMILIES WITH SERVICES SUCH AS RENT, FOOD, UTILITIES, USED FURNITURE, TRANSPORTATION, CARE REPAIRS, TRANSITIONAL HOUSING, AND FINANCIAL MENTORING . SERVED 1,656 ADULTS, 1,532 CHILDREN, AND 977 FAMILIES IN 2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodine Bennett Exec Direct | Officer | 30 | $40,742 |
Jan Hanks Comm Coorin | Officer | 30 | $28,580 |
Marilyn Oliver Outreach Coor | Officer | 20 | $1,013 |
Doddie Honrud President | Officer | 5 | $0 |
Nick Pringle Board Member | Trustee | 1 | $0 |
Cathy Vandersar Treasurer | Trustee | 1 | $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 | $184,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,874 |
| Total Program Service Revenue | $1,750 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,118 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,124 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,344 |
| 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. | $70,696 |
| Compensation of current officers, directors, key employees. | $5,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,329 |
| Payroll taxes | $6,346 |
| Fees for services: Management | $660 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,020 |
| Office expenses | $3,028 |
| Information technology | $2,494 |
| Royalties | $0 |
| Occupancy | $16,006 |
| 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 | $4,987 |
| Depreciation, depletion, and amortization | $8,318 |
| Insurance | $4,206 |
| All other expenses | $1,176 |
| Total functional expenses | $167,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,205 |
| 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 | $226,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $428,208 |
| 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 | $46,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,240 |
| Net assets without donor restrictions | $381,968 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $428,208 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Love Inc Of Skagit County-In The Name Of Christ has recieved totaling $14,775.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $8,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $6,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions In The State Of Washington Richland, WA | $2,255,622,236 | $118,353,811 |
Arctic Slope Native Association Ltd Barrow, AK | $299,522,566 | $117,427,222 |
Valley Charities Inc Wasilla, AK | $2,675,483 | $86,387,328 |
Compass Health Everett, WA | $49,121,108 | $74,131,042 |
Low Income Housing Institute Seattle, WA | $253,877,593 | $49,435,203 |
Copper River Native Association Copper Center, AK | $37,611,985 | $29,435,235 |
Starbucks Foundation Seattle, WA | $35,732,232 | $14,000,443 |
Self Enhancement Inc Portland, OR | $28,150,324 | $38,753,460 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Independent Order Of Odd Fellows Walla Walla, WA | $17,889,942 | $20,108,315 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |