Loops Inc

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

EIN: 752310493 ✦ Odessa, TX ✦ Designated as a 501(c)(3)

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Overview

What is Loops Inc?

Loops Inc is a nonprofit organization situated in Odessa, Texas, dedicated to addressing the spiritual and financial needs of incarcerated individuals and their families. They execute this mission through their religious and charitable support ministry, offering aid and assistance to this specific community. The organization's work encompasses both spiritual and financial support, aiming to uplift and empower those affected by incarceration and their loved ones.


Official website here: www.loopsministries.com

Is Loops Inc legitimate?

Loops Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loops Inc submitted a form 990EZ, 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: $0

For more financial information, click here


Official website here: www.loopsministries.com

What is the mission statement of Loops Inc?

Loops Inc, as an organization, is committed to addressing the spiritual and financial needs of individuals who are incarcerated and their families. They accomplish this through their religious and charitable support ministry. This ministry operates on a mission to provide assistance and care, offering solace and resources during challenging times. By doing so, Loops Inc aims to contribute positively to the well-being of these individuals and their families, offering them support during their journey.


Official website here: www.loopsministries.com

What is the revenue of Loops Inc?

Loops Inc's revenue in 2023 was $29,186.


Official website here: www.loopsministries.com

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

Here are 10 key members and their salaries:


Linda Maples (Executive Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Mccammon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Pearson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharron Mcdonald (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Austin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Andrews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Connell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clark Curry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Lambert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ce Vaughan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.loopsministries.com

Where can I find the form 990EZ for Loops Inc?

Loops Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.loopsministries.com

Learn more at the official website: www.loopsministries.com

Mission Statement of Loops Inc

Loops Inc, a nonprofit organization, is dedicated to addressing the spiritual and financial needs of imprisoned individuals and their families. Through its religious and charitable support ministry, Loops Inc offers assistance in Odessa, TX. The organization's mission is multifaceted, encompassing both spiritual and financial support for the prisoners and their families. By providing this assistance, Loops Inc aims to make a positive impact on their lives during challenging times.

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Impact




August, 2024

Loops Inc's impact is significant in supporting the spiritual and financial needs of prisoners and their families through its religious and charitable support ministry in Odessa, TX. They serve a vulnerable population, providing important services and assistance to those affected by incarceration. Their work helps to address the challenges faced by individuals and families impacted by the criminal justice system, contributing to positive outcomes and support in the community.




This information is meant to be a general summary of Loops 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
$29,186 (2023)
Expenses
$39,580 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $29,186

Assets and Liabilities:

  • Total Assets: $114,975
  • Total Liabilities: $688
  • Net Assets: $114,287

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Organization Details

Principal Officer

Derek Mccammon

NTEE Category

Code: I40 - Crime

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