Love Inc Of South San Jose

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

EIN: 770229924 ✦ San jose, CA ✦ Designated as a 501(c)(3)

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Overview

What is Love Inc Of South San Jose?

Love Inc of South San Jose is a nonprofit organization that specializes in budget mentoring. Their primary program, which lasts for 36 weeks, combines large group classes and one-on-one coaching to assist individuals in making substantial lifestyle changes for improved financial health. This comprehensive approach encourages participants to save money, and as an incentive, they receive a match for the amount they manage to save. As of the provided information, Love Inc of South San Jose has assisted 13 households and 12 individuals through this program.

Is Love Inc Of South San Jose legitimate?

Love Inc Of South San Jose is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Inc Of South San Jose 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

What is the mission statement of Love Inc Of South San Jose?

Love Inc of South San Jose's mission revolves around promoting financial health. They offer a 36-week comprehensive program that incorporates large group classes and one-on-one budget coaching. The primary goal of this program is to help participants make necessary lifestyle changes. As an incentive, the amount saved by participants is matched. During this period, the organization assists 12 individuals in their financial journey.

What is the revenue of Love Inc Of South San Jose?

Love Inc Of South San Jose's revenue in 2024 was $112,432.

Who are the executives of Love Inc Of South San Jose and what are their salaries?

Here are 3 key members and their salaries:


Richard Henderson (Director)
  • Compensation: $24,000
  • Related: $0
  • Other: $0
Mary Chambers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kel Commins (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Love Inc Of South San Jose?

Love Inc Of South San Jose's most recent form 990EZ was submitted in 2024 and can be accessed here.

Mission Statement of Love Inc Of South San Jose

Love Inc Of South San Jose is dedicated to promoting financial health among its community members. Their mission is achieved through a 36-week comprehensive program that combines large group classes and one-on-one budget coaching. This program aims to inspire participants to make necessary lifestyle changes, with the ultimate goal of improving their financial well-being. As an incentive, participants are offered a match for the money they manage to save during the program. In the past year, Love Inc Of South San Jose has successfully assisted 12 individuals in their journey towards financial stability.

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Impact




October, 2024

Love Inc Of South San Jose significantly impacts the community through its comprehensive budget mentoring program. By offering a 36-week curriculum that combines large group classes with personalized budget coaching, they empower participants to make meaningful lifestyle changes aimed at achieving financial health. This structured approach not only enhances financial literacy but also fosters accountability and support among participants.

The program encourages participants to save money by providing a matching incentive, which further motivates them to adopt healthier financial habits. In the recent cycle, 13 households and 12 individuals benefited from this initiative, illustrating the tangible change that Love Inc Of South San Jose brings to its community. By equipping individuals with essential budgeting skills and strategies, they help cultivate self-sufficiency and resilience, ultimately leading to improved financial stability for families in the San Jose area.




This information is meant to be a general summary of Love Inc Of South San Jose. 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
$112,432 (2024)
Expenses
$98,591 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Gross Receipts: $112,432

Assets and Liabilities:

  • Total Assets: $2,735
  • Total Liabilities: $0
  • Net Assets: $2,735

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Organization Details

Principal Officer

Mary Chambers

NTEE Category

Code: P50 - Human services

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