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Love Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 272466631 ✦ Shelby, MI ✦ Designated as a 501(c)(3)

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Overview

What is Love Inc?

Love Inc is a nonprofit organization situated in Shelby, Michigan, specifically at 186 N Michigan Ave. Their primary purpose is to bring together individuals and churches in Oceana County, with the aim of addressing the various needs of individuals, families, and projects in the spirit of Christianity. The organization's mission is to transform lives and communities in the name of Christ, which they accomplish by coordinating resources and efforts to meet the specific needs presented to them. With a team of 18 dedicated individuals, Love Inc strives to make a positive impact in their local community.

Is Love Inc legitimate?

Love Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Inc 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: $156,974

For more financial information, click here

What is the mission statement of Love Inc?

Love Inc's mission, as stated, is centered around transformation. They aim to transform lives and communities in the name of Christ. This mission is achieved by organizing and coordinating individuals and churches to address the needs of individuals, families, and projects, all within the framework of their Christian beliefs. Their purpose is to respond to these needs, providing assistance in Ocean County.

Who is the CEO of Love Inc?

David Raskosky is the President of Love Inc.

What is the revenue of Love Inc?

Love Inc's revenue in 2022 was $317,464.

Who are the executives of Love Inc and what are their salaries?

The average compensation at Love Inc during 2022 was $8,721. There are 18 employees and 25 volunteers at Love Inc.


Here are 7 key members and their salaries:


Joanna Lloyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Ray (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Belknap (Interim Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Hernandez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Gray (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Raskosky (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Love Inc?

Love Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Love Inc

Love Inc, a nonprofit organization, is committed to transforming lives and communities in the name of Christ. Their mission is to serve as a coordinating body, bringing together individuals and churches in Oceana County to address individual, family, and project needs, all in the name of Christ. Their purpose is to organize and coordinate resources to respond to the needs of their community, striving to make a positive impact in the lives of those they serve.

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Impact




October, 2024

Love Inc creates a significant impact by transforming lives and communities through coordinated efforts among individuals and churches in Oceana County. By responding to the specific needs of individuals and families, Love Inc promotes a spirit of collaboration and support that fosters a stronger community foundation. Their mission emphasizes the integration of faith-based values in community service, enabling them to address various social challenges effectively. Through their initiatives, they not only provide essential resources and assistance but also build a support network that encourages personal growth and communal responsibility. This holistic approach contributes to both individual empowerment and the overall well-being of the community.




This information is meant to be a general summary of Love Inc. 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.

Revenue
$317,464 (2022)
Expenses
$294,769 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20
  • Program Service Revenue: $34,866
  • Gross Receipts: $323,327

Assets and Liabilities:

  • Total Assets: $210,525
  • Total Liabilities: $0
  • Net Assets: $210,525

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENEW WORKBOOKS

Revenue

$704

LAND CONTRACT INCOME

Revenue

$34,162

Organization Details

Founding Year

2000

Principal Officer

David Raskosky

Main Address

186 N MICHIGAN AVE, Shelby, MI, 494550000

NTEE Category

Code: P50 - Human services

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