Loveworks Leadership Inc

EIN: 274025891 501(c)(3) Youth Development

Norman, OK

Total Revenue
$287,502
Total Expenses
$392,666
Total Assets
$70,066
Net Assets
$63,317
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OK
Tax Period
2023-01-01 to 2023-12-31

Loveworks Leadership Inc, founded in 2010, is a small nonprofit in the Youth Development sector that reported $288K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $393K exceeded revenue, resulting in a 37% operating deficit.

Mission

Our mission is to help students develope personal character, instill leadership, and learn entrepreneurship skills.

Program Service Accomplishments

Program 1
Expenses: $91,015 Revenue: $2,424

Summer Camps for 5th-8th Grade. These unforgetable and powerfulcamp experiences will inspire students to discover their potential through hands-on learning projects tailored toward interest groups...

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Summer Camps for 5th-8th Grade. These unforgetable and powerfulcamp experiences will inspire students to discover their potential through hands-on learning projects tailored toward interest groups. Each student participates in a concept area of their choosing for the week including: Culinary, Music, Architecture, Fashion, Entrepeneurship, Athletics, Journalism and more. Local community professionals lead students through activities that allow them to learn the art and skill associated with these areas of interest. The camp experience culminates in completing real-life projects that give the students a tangible understanding of potential career paths. Completed 5th-7th grade students hosted at the Loveworks campus on select days during the month of June.

Program 2
Expenses: $73,550 Revenue: $1,337

Early,is a youth entrepreneurship program equipping kids to be Dreamers and Doers through starting their own business and to support innovation and creativity in young entrepreneurs. We help students...

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Early,is a youth entrepreneurship program equipping kids to be Dreamers and Doers through starting their own business and to support innovation and creativity in young entrepreneurs. We help students ages 8-15 develop entrepreneurial skills through starting their very own business. We help students solidify and fortify their product/service, budget, marketing strategy, and their sales pitch. Students first milestone will be getting their business ready for the Norman Farmers Market. Each cohort will have 5 weekly meetings, 4 virtually and 1 in-person with all students. These meetings are meant to help inspire and show you the next steps of developing your business, but the majority of making your business happen between the calls as you work on your business and schedule individual, specialized meetings with your business coaches.

Program 3
Expenses: $62,735 Revenue: $1,750

At Home Leadership - A new online platform that includes weekly lessons, activities and challenges, and zoom calls. Link with Loveworks - inspiring live-stream and podcast interviews with leaders...

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At Home Leadership - A new online platform that includes weekly lessons, activities and challenges, and zoom calls. Link with Loveworks - inspiring live-stream and podcast interviews with leaders around the world. Junior Leadership Institute - A daytime program designed for students doing virtual, blended, or homeschool learning. The program focuses on leadership, career-readiness, and community impact.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $291,555
Program Service Revenue $6,044
Investment Income $0
Other Revenue $-10,097
TOTAL REVENUE $287,502

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $143,213
Fundraising Expenses $0
Program Expenses $265,528
Other Expenses $224,453
TOTAL EXPENSES $392,666

Year-over-Year Comparison

2023 2022 Change
Revenue $287,502 $445,182 -0.4%
Expenses $392,666 $498,178 -0.2%
Net Income $-105,164 $-52,996 +1.0%
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
7
Independent Members
7
Employees
2
Volunteers
N/A

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Bergen Director 2.00
Director
$0 $0 $0
Monica Paris Director 2.00
Director
$0 $0 $0
Matt Haben Director 2.00
Director
$0 $0 $0
Rusty Loeffler Director 2.00
Director
$0 $0 $0
Jamie Guthrie President 2.00
Officer Director
$0 $0 $0
Jennifer Zumwalt Secretary 2.00
Officer Director
$0 $0 $0
Kyle Allison Financial Chair 2.00
Officer Director
$0 $0 $0
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 $287,502 $392,666 $70,066 $-105,164
2022 $445,182 $498,178 $168,944 $-52,996
2021 $540,890 $536,457 $225,251 $4,433
2020 $468,315 $436,794 $236,722 $31,521
2019 $470,591 $498,783 $173,660 $-28,192
2018 $541,852 $359,647 $226,852 $182,205
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