The Lovebolt

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

EIN: 850545577 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is The Lovebolt?

The Lovebolt is a social impact organization based in Charlotte, North Carolina, with a postal address. Its mission is to bridge racial and socio-economic divides through art and shared passions. For years, housing discrimination, redlining, and other forms of systemic oppression have kept communities segregated. The Lovebolt project aims to connect individuals on a human level, fostering understanding and inspiring uplifting change. This nonprofit organization uses its activities and shared passions to bring people together, promoting unity and overcoming barriers.


Official website here: www.lovebolt.org

Is The Lovebolt legitimate?

The Lovebolt is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lovebolt 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: $24,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lovebolt.org

What is the mission statement of The Lovebolt?

The Lovebolt, a social impact organization, utilizes art and shared passions to foster connections among individuals across racial and socio-economic barriers. For years, housing discrimination, redlining, and other forms of systematic oppression have perpetuated racial division. The Lovebolt project aims to bridge this gap by fostering human connections, encouraging a deeper understanding of others, and inspiring uplifting change. By bringing people together, The Lovebolt seeks to challenge the divide and promote unity.


Official website here: www.lovebolt.org

Who is the CEO of The Lovebolt?

Tara Sanchez is the Chair of The Lovebolt.


Official website here: www.lovebolt.org

What is the revenue of The Lovebolt?

The Lovebolt's revenue in 2022 was $26,353.


Official website here: www.lovebolt.org

Who are the executives of The Lovebolt and what are their salaries?

There 20 volunteers at The Lovebolt.


Here are 7 key members and their salaries:


Ted Garner (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy Bitler (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristopher Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Robinson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Carter Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thaddeus Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Davis (Executive Di)
  • Compensation: $24,600
  • Related: $0
  • Other: $0


Official website here: www.lovebolt.org

Where can I find the form 990 for The Lovebolt?

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


Official website here: www.lovebolt.org

Learn more at the official website: www.lovebolt.org

Mission Statement of The Lovebolt

The Lovebolt, a social impact organization, employs art and shared passions to bridge racial and socio-economic divides. For decades, housing discrimination, redlining, and other systemic oppressions have kept us racially segregated. The Lovebolt project seeks to connect individuals on a human level, fostering a deeper understanding of one another and inspiring uplifting change. By harnessing the power of shared interests and artistic expression, The Lovebolt aims to break down barriers and promote unity.

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Impact




August, 2024

The Lovebolt's impact can be seen in its efforts to bring people together across racial and socio-economic barriers using art and shared passions. By connecting individuals at a human level and deepening understanding of each other, The Lovebolt aims to inspire uplifting change in the community. Through programs and initiatives that promote unity and inclusion, The Lovebolt is working towards bridging divides and fostering a more harmonious society.




This information is meant to be a general summary of The Lovebolt. 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
$26,353 (2022)
Expenses
$30,779 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $26,353

Assets and Liabilities:

  • Total Assets: $175,971
  • Total Liabilities: $0
  • Net Assets: $175,971

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Organization Details

Founding Year

2020

Principal Officer

Tara Sanchez

Main Address

PO BOX 5381, CHARLOTTE, NC, 282995381

NTEE Category

Code: R30 - Civil rights

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