Love House Learning Academy

EIN: 825305685 501(c)(3) Education

Beaufort, SC

Total Revenue
$402,768
Total Expenses
$228,769
Total Assets
$346,734
Net Assets
$345,171
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
SC
Principal Officer
Theresa Roberts
Phone
8434761580
Tax Period
2022-01-01 to 2022-12-31

Love House Learning Academy, founded in 2018, is a small nonprofit in the Education sector that reported $403K in total revenue in fiscal year 2022. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 43% operating margin.

Mission

The mission of Love House Learning Academy is to reduce the number of children who may be undernourished; to prevent child abuse, neglect and abandonment, improve conduct and behavior self-awareness, develop social and interpersonal skills, all within a learning environment. The program creates an affordable place for children to be cared for and mentored, while developing relationships. We recognize that children who are closely monitored in a loving environment often get less involved with endangered activities and have a greater sense of self-worth. Love House Learning Academy also offers programs for seniors. The mission of the seniors program is to enable individuals to continue being an integral part of their community while maintaining a healthy lifestyle in mind, body, and soul. The goal is to develop creativity, produce new life styles, reduce depression, extend long life and create a place where new relationships can be developed everyday through simple adventures.

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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 (2022)

Revenue Breakdown

Contributions & Grants $151,550
Program Service Revenue $251,218
Investment Income $0
Other Revenue $0
TOTAL REVENUE $402,768

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,651
Fundraising Expenses $0
Program Expenses $155,818
Other Expenses $89,118
TOTAL EXPENSES $228,769

Year-over-Year Comparison

2022 2021 Change
Revenue $402,768 $297,717 +0.4%
Expenses $228,769 $157,663 +0.5%
Net Income $173,999 $140,054 +0.2%
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
8
Independent Members
6
Employees
13
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
8
$60,152
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Theresa Roberts Director 40.00
Officer
$60,152 $0 $60,152
Davina Coleman Secretary 0.25
Officer
$0 $0 $0
Jamie Singleton President 0.25
Officer
$0 $0 $0
Tamekia Judge CFO 0.25
Officer
$0 $0 $0
Angela McCord Director 0.25
Officer
$0 $0 $0
Howard Mufuka Director 0.25
Officer
$0 $0 $0
Randy Roberts Director 0.00
Officer
$0 $0 $0
Maxine Smalls Director 0.25
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
2022 $402,768 $228,769 $346,734 $173,999
2021 $297,717 $157,663 $171,172 $140,054
2019 $298,741 $306,438 $48,021 $-7,697
2018 $239,269 $216,952 $22,317 $22,317
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