Civic Intelligence

Loveiam Inc

990EZ • Fiscal year 2019 • EIN 27-0185650

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 15, 2020

222 W Desert Flower LanePhoenix, AZ 85045

(650) 888-1647

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

39th percentile

-3.0%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

50%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$11,195

Down $341 (-3.0%) from 2018

Net Assets

Down

$11,195

Down $341 (-3.0%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$105,819

Up $35,087 (+50%) from 2018

Expenses

Up

$106,160

Up $41,160 (+63%) from 2018

Net Income

Down

-$341

Down $6,073 (-106%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2015: $1,088Net Assets 2015: $1,0882015Assets 2016: $8,206Net Assets 2016: $8,2062016Assets 2017: $5,804Net Assets 2017: $5,8042017Assets 2018: $11,536Net Assets 2018: $11,5362018Assets 2019: $11,195Net Assets 2019: $11,1952019Assets 2020: $12,792Net Assets 2020: $12,7922020Assets 2021: $42,223Net Assets 2021: $42,2232021Assets 2022: $41,642Net Assets 2022: $41,6422022Assets 2023: $26,591Net Assets 2023: $26,5912023Assets 2024: $27,306Net Assets 2024: $27,3062024Assets 2025: $26,659Net Assets 2025: $26,6592025

Highlighted filing

2019

Assets$11,195
Liabilities-
Net Assets$11,195

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2015: $42,884Expenses 2015: $41,796Net Income 2015: $1,0882015Revenue 2016: $77,118Expenses 2016: $70,000Net Income 2016: $7,1182016Revenue 2017: $77,598Expenses 2017: $80,000Net Income 2017: -$2,4022017Revenue 2018: $70,732Expenses 2018: $65,000Net Income 2018: $5,7322018Revenue 2019: $105,819Expenses 2019: $106,160Net Income 2019: -$3412019Revenue 2020: $3,595Expenses 2020: $1,998Net Income 2020: $1,5972020Revenue 2021: $30,736Expenses 2021: $1,305Net Income 2021: $29,4312021Revenue 2022: $50Expenses 2022: $631Net Income 2022: -$5812022Revenue 2023: $136,009Expenses 2023: $151,060Net Income 2023: -$15,0512023Revenue 2024: $126,736Expenses 2024: $126,021Net Income 2024: $7152024Revenue 2025: $400Expenses 2025: $1,047Net Income 2025: -$6472025

Highlighted filing

2019

Revenue$105,819
Expenses$106,160
Net Income-$341
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 15, 2020
Return Version
2019v5.0
Gross Receipts
$171,756
Mission and Program Overview

Mission

Liam Murray (Olson) passed away after just 26 days due to a congenital heart defect. The family knew they wanted to start a charity that directly benefits, supports and enriches the lives of children who live with congenital heart defects. Heart kids undergo countless open heart surgeries, some have received heart transplants, and many others are still on the transplant wait list. These are the children who live the life that Liam never had. Since its inception LOVEIAM has been involved in sending local Arizona children with congenital heart defects to heart camp for a brief escape from their disease. While at camp heart kids require extensive palliative care which is expensive. Most heart kid's families are strapped with only going medical expenses and cannot afford to send their kids to camp. The prime fund raising event was not held in 2025 so the charity was dormant but expects to hold its fund raising event in 2026 and send more kids to heart camp.

Liam Murray, passed away at just 26 days old as a result of a congenital heart defect. The family knew they wanted to start a charity that directly benefits, supports and enriches the lives of children who live with a congenital heart defect. Heart kids undergo countless open heart surgeries, some have received heart transplants, and many others are still are on the transplant waitlist. These are the children who live the life that Liam never had the opportunity to live. Since its inception LoveIAM has been involved with sending local Arizona children with congenital heart defects to heart camp for a little escape from their disease. While at camp heart kids require extensive palliative care which is expensive; Most heart kids' families are strapped with ongoing medical expenses and just cannot afford to send their child to camp.

Program Services

DescriptionGrantsExpenses
The 2019 LoveIAM Heart & Soul Party, netted over $77,000. The event was sold out with a record breaking 325 attendees! As a result we were able to send 132 kids with congenital heart defects to heart camp at Friendly Pines Camp in Prescott, Arizona.$2,000$100,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARADEE OLSONDir/Chairman-$0--
CANDACE OLSONDir/Secretary-$0--
STUART OLSONDir/Treasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Loveiam Heart&soul Party for Heart Kids$159,489$159,489$63,937$95,552
Total Events$159,489$159,489$65,937$93,552
Filing and Contact Details

Filer

Filer Name
Loveiam Inc
EIN
27-0185650
Phone
6508881647
Address
222 W DESERT FLOWER LANE, PHOENIX, AZ 85045

Signing Officer

Name
Daradee Olson
Title
Dir/Chairman
Signed
2020-09-15
Discuss with paid preparer
Yes

Preparer

Firm
Dietrich & Associates CPAs PLLC
Address
1345 E Chandler Blvd Ste 117, Phoenix, AZ 85048
Preparer
Glenn R Dietrich CPA
Phone
4805981700
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: NICK & KELLY CHILDRENS HEART FUND | Donee's Address: 1321 E BAYVIEW DR TEMPE AZ 85283 | Relationship of Donee: NONE | Cash Amount Given: $100000

Other Expenses.1

OFFICE $6160

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $3220

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IRS990EZ/PrimaryExemptPurposeTxt0Liam Murray, passed away at just 26 days old as a result of a congenital heart defect. The family knew they wanted to start a charity that directly benefits, supports and enriches the lives of children who live with a congenital heart defect. Heart kids undergo countless open heart surgeries, some have received heart transplants, and many others are still are on the transplant waitlist. These are the children who live the life that Liam never had the opportunity to live. Since its inception LoveIAM has been involved with sending local Arizona children with congenital heart defects to heart camp for a little escape from their disease. While at camp heart kids require extensive palliative care which is expensive; Most heart kids' families are strapped with ongoing medical expenses and just cannot afford to send their child to camp.
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ReturnHeader/TaxPeriodBeginDt02019-01-01
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ReturnHeader/TaxYr02019

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Filings