LOVE INC OF EASTERN CARVER COUNTY

EIN: 205544147 501(c)(3) Religion

CHASKA, MN

Total Revenue
$575,018
Total Expenses
$534,986
Total Assets
$156,831
Net Assets
$152,831
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MN
Principal Officer
ALAN NORBY
Phone
9524482508
Tax Period
2023-01-01 to 2023-12-31

LOVE INC OF EASTERN CARVER COUNTY, founded in 2006, is a small nonprofit in the Religion sector that reported $575K in total revenue in fiscal year 2023. Expenses of $535K left a modest 7% surplus.

Mission

LOVE INC MOBILIZIES CHURCHES AND VOLUNTEERS TO RESPOND TO THE NEEDS OF THE COMMUNITY BOTH TRANSACTIONALLY AND TRANSFORMATIONALLY TO IMPROVE LIVES OF NEIGHBORS IN NEED. WE DO THIS THROUGH IDENTIFYING THE NEEDS OF NEIGHBORS AS THEY CALL INTO OUR HELPLINE.

Program Service Accomplishments

Program 1
Expenses: $221,481 Revenue: $153,148

IN 2023 OUR PROGRAMS PROVIDED HOPE FOR NEARLY 850 HOUSEHOLDS BY PROVIDING BASIC LIVING ESSENTIALS SAVING FAMILIES, ON AVERAGE, MORE THAN $400 EACH HOUSEHOLD IN A YEAR. WE MOBILIZE 30 LOCAL CHURCHES...

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IN 2023 OUR PROGRAMS PROVIDED HOPE FOR NEARLY 850 HOUSEHOLDS BY PROVIDING BASIC LIVING ESSENTIALS SAVING FAMILIES, ON AVERAGE, MORE THAN $400 EACH HOUSEHOLD IN A YEAR. WE MOBILIZE 30 LOCAL CHURCHES BY ENGAGING VOLUNTEERS AND OTHER RESOURCES TO IDENTIFY AND RESPOND TO BASIC NEEDS. WE CREATE VISIBILITY AND STRENGTHEN RELATIONSHIPS WITH OTHER LOCAL AGENCIES TO PROVIDE A COMPREHENSIVE CARE EXPERIENCE TO THOSE SUFFERING DURING HARDSHIP.

Program 2
Expenses: $76,929 Revenue: $66,424

IN 2023 WE SUPPORTED FAMILIES AND CHILDREN BY PROVIDING FREE SCHOOL SUPPLIES AND BACKPACKS FOR KIDS. BY COORDINATING TWO PRODUCT DRIVES AND DISTRIBUTION EVENTS IN TWO DIFFERENT SCHOOL DISTRICTS, WE...

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IN 2023 WE SUPPORTED FAMILIES AND CHILDREN BY PROVIDING FREE SCHOOL SUPPLIES AND BACKPACKS FOR KIDS. BY COORDINATING TWO PRODUCT DRIVES AND DISTRIBUTION EVENTS IN TWO DIFFERENT SCHOOL DISTRICTS, WE SERVED 550 STUDENTS. SCHOOL DISTRICT STAFF HAVE TOLD US THAT WITHOUT LOVE INC THERE WOULD BE SOME KIDDOS WITHOUT THE NEEDED SUPPLIES TO LEARN AND TO FEEL LIKE THEY FIT IN. WHEN KIDS DON'T FEEL LIKE THEY BELONG, THEN LEARNING BECOMES NEXT TO IMPOSSIBLE.

Program 3
Expenses: $106,665 Revenue: $0

IN 2023 OUR HELPLINE IS WHERE IT ALL BEGINS BY RECEIVING NEARLY 3,000 PHONE CALLS/EMAILS FROM RESIDENTS ASKING FOR HELP DURING HARDSHIP. OUR SERVICES PROVIDE COMPASSIONATE AND PATIENT ASSISTANCE TO...

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IN 2023 OUR HELPLINE IS WHERE IT ALL BEGINS BY RECEIVING NEARLY 3,000 PHONE CALLS/EMAILS FROM RESIDENTS ASKING FOR HELP DURING HARDSHIP. OUR SERVICES PROVIDE COMPASSIONATE AND PATIENT ASSISTANCE TO PROVIDE BASIC LIVING ESSENTIALS AND/OR REFER RESIDENTS TO OTHER SERVICE AGENCY IN THE AREA. TRAINED STAFF AND VOLUNTEERS START A RELATIONSHIP WITH HURTING RESIDENTS, WE LISTEN TO THEIR STORIES, AND WE PROVIDE HOPE WHEN HOPE RUNS OUT.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $366,941
Program Service Revenue $213,627
Investment Income $6,179
Other Revenue $-11,729
TOTAL REVENUE $575,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,769
Fundraising Expenses $84,337
Program Expenses $405,075
Other Expenses $331,217
TOTAL EXPENSES $534,986

Year-over-Year Comparison

2023 2022 Change
Revenue $575,018 $536,921 +0.1%
Expenses $534,986 $518,346 +0.0%
Net Income $40,032 $18,575 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
6
Volunteers
750

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$102,548
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES LEONE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
ROBERT CHATMAS DIRECTOR 5.00
Director
$0 $0 $0
PAUL TUREK DIRECTOR 5.00
Director
$0 $0 $0
MARK SULLIVAN DIRECTOR 1.50
Director
$0 $0 $0
CHUCK WARTA DIRECTOR 1.50
Director
$0 $0 $0
ALAN NORBY EXECUTIVE DIRECTOR 40.00
Officer
$87,645 $14,903 $102,548
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $575,018 $534,986 $156,831 $40,032
2022 $536,921 $518,346 $119,800 $18,575
2021 $540,472 $485,210 $104,225 $55,262
2020 $415,546 $412,029 $51,963 $3,517
2019 $287,925 $324,431 $37,486 $-36,506
2018 $287,084 $319,068 $74,366 $-31,984
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