Overview
What is Love Transformation Project Inc?
Love Transformation Project Inc, based in Louisville, Kentucky, is a nonprofit organization that primarily focuses on addressing the societal issues that divide their community. Their primary mission is to create opportunities for needs-based platforms of service, engaging the community in action-based programs. They fulfill this mission through a food truck, providing meals for the homeless every Saturday. Additionally, during holidays, they distribute clothing and housing items, sourced from in-kind donations, to the homeless or needy individuals. Beyond feeding the homeless, Love Transformation Project Inc strives to unite the divided community through love-based acts of service and mentorship.
Official website here: www.lovetransformationproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Love Transformation Project Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of 58%, the organization struggles particularly with governance, as it lacks independent board members and has not implemented key policies such as conflict of interest and whistleblower protections.
Despite these weaknesses, the nonprofit does show some positive attributes, including a high program expense ratio of 94.35%, suggesting that a large portion of its funds are directed towards its programs. Additionally, it has a low liabilities to assets ratio of 29.58%, which may indicate a manageable financial situation. However, the absence of essential financial documentation and policies raises important questions about transparency and governance.
Overall, while Love Transformation Project Inc appears to be committed to its mission, the lack of independent oversight and critical policies could hinder its long-term effectiveness and credibility. Potential donors and supporters may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Love Transformation Project Inc legitimate?
Love Transformation Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Transformation Project 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: $45,020
For more financial information, click here
Official website here: www.lovetransformationproject.org
What is the mission statement of Love Transformation Project Inc?
The Love Transformation Project Inc's primary mission is to identify and address the core issues that divide their community. They strive to create opportunities for needs-based platforms of services, engaging the community in action-based programs. This organization aims to unite the divided community through love-based acts of service and mentorship. Through their initiatives, they provide meals for the homeless using a food truck, hold fish fries every Saturday for additional revenue, and distribute clothing and housing items during holidays, all sourced from in-kind donations.
Official website here: www.lovetransformationproject.org
Who is the CEO of Love Transformation Project Inc?
Rachel Reeves is the Vice President of Love Transformation Project Inc.
Official website here: www.lovetransformationproject.org
What is the revenue of Love Transformation Project Inc?
Love Transformation Project Inc's revenue in 2022 was $1,411,651.
Official website here: www.lovetransformationproject.org
Who are the executives of Love Transformation Project Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lovetransformationproject.org
Where can I find the form 990 for Love Transformation Project Inc?
Love Transformation Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lovetransformationproject.org
Learn more at the official website: www.lovetransformationproject.org
Mission Statement of Love Transformation Project Inc
Love Transformation Project Inc, a nonprofit organization, is dedicated to identifying and addressing the core issues that divide their community. Their primary mission is to create opportunities for needs-based platforms of services that engage the community in action-based programs. By doing so, they aim to unite the divided community through love-based acts of service and mentorship.
The Love Transformation Project Inc embodies this mission through various initiatives. One such initiative is their food truck, which provides meals for the homeless every Saturday. This project not only feeds the homeless but also generates additional revenue to support their mission. During holidays, they distribute clothing and housing items to the homeless and needy, sourced from in-kind donations.
In essence, Love Transformation Project Inc is committed to bridging the gaps within their community by identifying and addressing its core issues. They achieve this by providing action-based programs and services, fostering unity through love, and addressing the basic needs of vulnerable members of their community.
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Impact
July, 2024
Love Transformation Project Inc has a significant impact on the community in Louisville, KY. By feeding the homeless through a food truck and organizing regular fish fry events to generate revenue for their mission, they provide meals and essential items to those in need. Their focus on addressing core community issues and engaging in action-based programs helps unite the community through acts of service and mentorship. Through their efforts, Love Transformation Project Inc is making a meaningful difference in the lives of the homeless and underserved populations in Louisville.
This information is meant to be a general summary of Love Transformation Project 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,411,651
Assets and Liabilities:
- Total Assets: $245,942
- Total Liabilities: $0
- Net Assets: $245,942
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Organization Details
Founding Year
2019
Phone
(502) 876-2123Principal Officer
Rachel Reeves
Main Address
4335 HAZELWOOD AVE, Louisville, KY, 40215
NTEE Category
Code: P99 - Human services
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