Overview
What is Love Inc Of Tuscaloosa County?
Love Inc of Tuscaloosa County is a nonprofit organization situated in Northport, Alabama (ZIP code 35476). Their primary mission is to collect resources such as clothing, materials, and equipment from various partners, including local churches and agencies. They then distribute these resources efficiently to address both spiritual and material needs of the underprivileged or impoverished individuals within their community. As a central hub, Love Inc marshals resources and volunteers, coordinating their efforts to ensure they reach those in need most effectively. The organization, with a workforce of 20 employees, operates as a bridge between donors and recipients, ensuring that no resource goes to waste in their community.
Official website here: www.loveinctuscaloosa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (69%)
Love Inc of Tuscaloosa County has received a "Needs Improvement" rating, indicating areas where the organization could enhance its operations and transparency. The overall score of 69% suggests a moderate level of accountability and financial health, which reflects positively on certain aspects, such as having a fully independent board and a strong program expense ratio of nearly 89%. This indicates that a significant portion of their expenses directly supports their programs.
However, there are notable limitations in the organization's governance practices. Key policies, including conflict of interest, whistleblower, and document retention and destruction policies, are missing, which raises concerns about their risk management and transparency. Strengthening these areas could improve their accountability and help build trust with donors and the community.
Despite these challenges, the organization demonstrates solid financial management, as evidenced by a low liabilities to assets ratio of 4.26%. With improvements in governance policies, Love Inc of Tuscaloosa County has the potential to enhance its overall effectiveness and impact within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Love Inc Of Tuscaloosa County legitimate?
Love Inc Of Tuscaloosa County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Inc Of Tuscaloosa County 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: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,080
For more financial information, click here
Official website here: www.loveinctuscaloosa.com
What is the mission statement of Love Inc Of Tuscaloosa County?
Love Inc of Tuscaloosa County serves its community by functioning as a resource hub, coordinating resources and volunteers to address the spiritual and material needs of the needy or impoverished individuals within the community effectively. Their mission is to act as a clearing house, directing resources and volunteers to where they can have the most significant impact. They receive donations of various items, such as clothing, materials, and equipment, and coordinate their delivery based on expressed needs within the community, often partnering with local churches and agencies. Their primary goal is to uplift and support those in need, aiming to improve their overall well-being and living conditions.
Official website here: www.loveinctuscaloosa.com
Who is the CEO of Love Inc Of Tuscaloosa County?
Cathy Vanderford is the Member of Love Inc Of Tuscaloosa County.
Official website here: www.loveinctuscaloosa.com
What is the revenue of Love Inc Of Tuscaloosa County?
Love Inc Of Tuscaloosa County's revenue in 2022 was $561,959.
Official website here: www.loveinctuscaloosa.com
Who are the executives of Love Inc Of Tuscaloosa County and what are their salaries?
The average compensation at Love Inc Of Tuscaloosa County during 2022 was $12,354. There are 20 employees and 700 volunteers at Love Inc Of Tuscaloosa County.
Here are 6 key members and their salaries:
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Official website here: www.loveinctuscaloosa.com
Where can I find the form 990 for Love Inc Of Tuscaloosa County?
Love Inc Of Tuscaloosa County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loveinctuscaloosa.com
Learn more at the official website: www.loveinctuscaloosa.com
Mission Statement of Love Inc Of Tuscaloosa County
Love Inc of Tuscaloosa County serves its community by acting as a central hub, effectively coordinating resources and volunteers. This organization's mission is to direct these resources and volunteers towards addressing the spiritual and material needs of the needy or impoverished within its community, in the most efficient manner possible. By receiving donations of various items such as clothing, materials, and equipment, Love Inc of Tuscaloosa County identifies and fulfills the expressed needs of its community, drawing on its network of partners, including local churches and agencies. This nonprofit organization plays a crucial role in alleviating hardships and providing support to those in need, thereby contributing positively to its community.
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Impact
July, 2024
Love Inc Of Tuscaloosa County's impact can be seen in its dedicated service to the local community by acting as a clearinghouse that efficiently mobilizes resources and volunteers to address the spiritual and material needs of the needy or impoverished. By receiving donations of clothing, materials, and equipment and coordinating their delivery based on expressed needs in the community from network partners such as area churches and agencies, Love Inc truly makes a difference in improving the lives of those in need in Northport, AL. Their mission to marshal resources and volunteers to minister to the community reflects their commitment to community improvement.
This information is meant to be a general summary of Love Inc Of Tuscaloosa County. 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.
- Investment Income: $106
- Program Service Revenue: $378,756
- Gross Receipts: $561,959
Assets and Liabilities:
- Total Assets: $262,611
- Total Liabilities: $11,229
- Net Assets: $251,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE
Revenue
$364,251
GOLF TOURNAMENT
Revenue
$14,505
Organization Details
Founding Year
2010
Phone
(205) 614-2849Principal Officer
Cathy Vanderford
Main Address
PO BOX 367, NORTHPORT, AL, 35476
Website
www.loveinctuscaloosa.comNTEE Category
Code: S20 - Community improvement
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