The Love Quilt Project Inc

EIN: 465439225 501(c)(3) International Affairs

Arlington, VA

Total Revenue
$42,053
Total Expenses
$43,528
Total Assets
$35,961
Net Assets
$35,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
Gretchen Ginnerty
Phone
7032448499
Tax Period
2023-01-01 to 2023-12-31

The Love Quilt Project Inc, founded in 2014, is a micro nonprofit in the International Affairs sector that reported $42K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

The Love Quilt Project builds relationships between South African and American children through education in kindness, tolerance, and compassion. The children draw messages of love that are stitched into quilts for children in South Africa and America affected by HIV/AIDS. LQP donates funds to the education of each child who receives a Love Quilt.

Program Service Accomplishments

Program 1
Expenses: $22,698

LQP provided 22,698 to support the education fund for recipients of Love Quilts.

Program 2
Expenses: $3,408

LQP continued to recruit volunteers to produce art squares and quilts to be delivered to South African and American choildren in foster care.

Program 3
Expenses: $1,326

LQP provided support to update a marketing video to educate the public on the mission and needs of the foster homes suported by LQP.

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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 $42,053
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $42,053

Expense Breakdown

Grants Paid $22,698
Salaries & Benefits $7,964
Fundraising Expenses $7,606
Program Expenses $27,432
Other Expenses $12,866
TOTAL EXPENSES $43,528

Year-over-Year Comparison

2023 2022 Change
Revenue $42,053 $33,440 +0.3%
Expenses $43,528 $59,496 -0.3%
Net Income $-1,475 $-26,056 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
1000

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gretchen Ginnerty President 008.00
Officer Director
$0 $0 $0
William Montgomery Vice President 006.00
Officer Director
$0 $0 $0
Jenni Knittig Secretary 002.00
Officer Director
$0 $0 $0
Luke Knittig Director 001.00
Director
$0 $0 $0
Jeanne Phillips Director 001.00
Director
$0 $0 $0
Sylvia Stephens Director 001.00
Director
$0 $0 $0
Jenifer Gamber Director 000.25
Director
$0 $0 $0
Kevin Ginnerty Treasurer 001.00
Officer
$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 $42,053 $43,528 $35,961 $-1,475
2022 $33,440 $59,496 $37,435 $-26,056
2021 $110,691 $100,429 $63,491 $10,262
2020 $59,766 $27,412 $65,544 $32,354
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