Loved Twice
- Assets
- $453.8k
- Revenue
- $718.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Oakland, CA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 94-3441434
Organization Overview
Loved Twice is located in Oakland, CA. The organization was established in 2009. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Loved Twice employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loved Twice 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 12/2023, Loved Twice generated $718.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $704.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Loved Twice has awarded 135 individual grants totaling $3,621,771. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LOVED TWICE IS TO CLOTHE NEWBORNS IN NEED WITH QUALITY REUSED BABY CLOTHING FOR THE FIRST YEAR OF LIFE. FOR US, EVEN ONE BABY GOING WITHOUT PROPER CLOTHING IS ONE TOO MANY. WE BELIEVE THE COMMUNITY STARTS WITH SERVING OUR MOST VULNERABLE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, LOVED TWICE PROUDLY DISTRIBUTED 140,700 BABY CLOTHES TO 1876 INFANTS LIVING IN CRISIS WITH A RETAIL VALUE OF $492,450! SINCE 2005, LOVED TWICE HAS PROVIDED 34,711 NEWBORNS A FULL YEARS WORTH OF BABY CLOTHES, HELPING VULNERABLE FAMILIES MEET THEIR BASIC NEEDS WHILE KEEPING OVER 347,110 POUNDS OF CLOTHING OUT OF LANDFILLS. THIS INCLUDES 2,603,325 ESSENTIAL GARMENTS RECYCLED INTO UNDERSERVED COMMUNITIES WITH AN ESTIMATED RETAIL VALUE OF $9,111,637.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Klein Executive Dir. | Officer | 40 | $92,500 |
Ursela Knezevic CFO | Officer | 1 | $0 |
Amy Dunnigan Chairperson | Officer | 1 | $0 |
Nicole Fee Treasurer | Officer | 1 | $0 |
Kathy Kaspar Secretary | Officer | 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 | $707,445 |
| Noncash contributions included in lines 1a–1f | $492,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $707,445 |
| Total Program Service Revenue | $0 |
| Investment income | $10,956 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $718,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $423,409 |
| 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. | $112,500 |
| Compensation of current officers, directors, key employees. | $5,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $874 |
| Payroll taxes | $9,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,921 |
| Advertising and promotion | $200 |
| Office expenses | $77 |
| Information technology | $780 |
| Royalties | $0 |
| Occupancy | $26,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $569 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $481 |
| All other expenses | $6,096 |
| Total functional expenses | $704,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,231 |
| Savings and temporary cash investments | $310,956 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,616 |
| Total assets | $453,803 |
| Accounts payable and accrued expenses | $126 |
| 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 | $0 |
| Total liabilities | $126 |
| 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 | $453,677 |
| Total liabilities and net assets/fund balances | $453,803 |
Grants Awarded
Over the last fiscal year, Loved Twice has awarded $423,409 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BIRTH COMPANIONS PURPOSE: For newborn babies in need | $16,800 |
CONTRA COSTA CTY OFF OF ED PURPOSE: For newborn babies in need | $5,250 |
EARLY HEAD START OAKLAND PURPOSE: For newborn babies in need | $5,512 |
EASTMONT WELLNESS CENTER PURPOSE: For newborn babies in need | $13,912 |
GARDNER FAMILY HEALTH PURPOSE: For newborn babies in need | $7,087 |
HAWTHORNE FRC OF EAST BAY PURPOSE: For newborn babies in need | $13,650 |