Overview
What is Lots Of Love Nfp?
Lots Of Love Nfp is a nonprofit organization located in Chicago, Illinois, with a focus on community development. Their primary mission is to establish a facility for preschool learning, aiming to empower the families in their community. The organization conducts classes that foster self-esteem, social skills, physical fitness, discipline, and respectful behavior. Currently, there are 50 children participating in these educational programs. With a small team of five employees, Lots Of Love Nfp is dedicated to making a positive impact on their community's youth.
Official website here: www.lotsoflovecc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall Score: 67%, Two-Star out of Four Star rating.
Lots Of Love Nfp demonstrates strong accountability and finance practices, achieving a perfect score in several areas, including independent board membership and financial oversight. With no material diversion of assets noted, the organization seems to maintain integrity in its financial operations. However, the lack of key governance policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about transparency and accountability.
While the nonprofit's program expense ratio stands at 56.17%, indicating a significant portion of resources is directed towards its programs, it falls short of ideal benchmarks. Additionally, the absence of the tax form on the nonprofit's website and missing documentation policies suggest a need for improved communication and governance practices. Overall, while Lots Of Love Nfp has strong financial oversight, addressing these governance limitations will be critical for enhancing its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lots Of Love Nfp legitimate?
Lots Of Love Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lots Of Love Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,423
For more financial information, click here
Official website here: www.lotsoflovecc.org
What is the mission statement of Lots Of Love Nfp?
Lots of Love NFP, in its mission, aims to establish a community developmental facility that focuses on early education. This facility is designed to cater to preschool learning, thereby benefiting families within the community. The primary objectives of this organization include instilling self-esteem, enhancing social skills, promoting physical fitness, fostering personal discipline, and inculcating respectful behavior in the children who participate in the classes. As of now, there are around 50 children engaged in these classes.
Official website here: www.lotsoflovecc.org
Who is the CEO of Lots Of Love Nfp?
Margaret Booker is the Director of Lots Of Love Nfp.
Official website here: www.lotsoflovecc.org
What is the revenue of Lots Of Love Nfp?
Lots Of Love Nfp's revenue in 2022 was $838,080.
Official website here: www.lotsoflovecc.org
Who are the executives of Lots Of Love Nfp and what are their salaries?
The average compensation at Lots Of Love Nfp during 2022 was $76,685. There are 5 employees and 10 volunteers at Lots Of Love Nfp.
Here are 5 key members and their salaries:
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Official website here: www.lotsoflovecc.org
Where can I find the form 990 for Lots Of Love Nfp?
Lots Of Love Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lotsoflovecc.org
Learn more at the official website: www.lotsoflovecc.org
Mission Statement of Lots Of Love Nfp
Lots of Love NFP is a nonprofit organization dedicated to offering a community developmental facility for preschool learning. Its mission is to provide an educational environment that fosters self-esteem, social skills, physical fitness, personal discipline, and respectful behavior in young children from the community. Through their classes, Lots of Love NFP aims to equip these children with essential life skills, preparing them for a smoother transition into their formal educational journey. As of now, the program has 50 participating children.
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Impact
October, 2024
Lots Of Love Nfp significantly impacts the Chicago community by providing a developmental facility focused on preschool learning. With a program calendar that includes classes designed to enhance self-esteem, social skills, physical fitness, personal discipline, and respectful behavior, it fosters a holistic approach to early childhood education. Engaging 50 participants, the initiative not only equips children with essential skills but also supports families in nurturing their development. By creating a supportive environment, Lots Of Love Nfp contributes to building a foundation for lifelong learning and personal growth within the community.
This information is meant to be a general summary of Lots Of Love Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $838,080
- Gross Receipts: $838,080
Assets and Liabilities:
- Total Assets: $703,776
- Total Liabilities: $11,973
- Net Assets: $691,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Revenue
Revenue
$838,080
Organization Details
Founding Year
2010
Phone
(773) 783-8181Principal Officer
Margaret Booker
Main Address
1015 W 79th Street, Chicago, IL, 60620
Website
www.lotsoflovecc.orgNTEE Category
Code: B21 - Education
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