Civic Intelligence

Love Inc. of Lorain County

990 • Fiscal year 2022 • EIN 34-1633609

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

Pobox 1773Elyria, OH 44036-1773

(440) 322-5689

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

21st percentile

-17%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$62,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

28th percentile

-13%

Faster asset growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-4.7%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$254,447

Down $39,368 (-13%) from 2021

Net Assets

Down

$254,447

Down $39,368 (-13%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$234,542

Down $11,518 (-4.7%) from 2021

Expenses

Up

$273,910

Up $28,945 (+12%) from 2021

Net Income

Down

-$39,368

Down $40,463 (-3695%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $35,256Liabilities 2011: $944Net Assets 2011: $34,3122011Assets 2012: $23,813Liabilities 2012: $650Net Assets 2012: $23,1632012Assets 2013: $40,542Liabilities 2013: $511Net Assets 2013: $40,0312013Assets 2014: $51,298Liabilities 2014: $2,543Net Assets 2014: $48,7552014Assets 2015: $47,821Liabilities 2015: $1,607Net Assets 2015: $46,2142015Assets 2016: $62,767Liabilities 2016: $1,211Net Assets 2016: $61,5562016Assets 2017: $65,953Liabilities 2017: $2,096Net Assets 2017: $63,8572017Assets 2018: $69,296Liabilities 2018: $0Net Assets 2018: $69,2962018Assets 2019: $81,618Liabilities 2019: $0Net Assets 2019: $81,6182019Assets 2020: $316,244Liabilities 2020: $23,524Net Assets 2020: $292,7202020Assets 2021: $293,815Liabilities 2021: $0Net Assets 2021: $293,8152021Assets 2022: $254,447Liabilities 2022: $0Net Assets 2022: $254,4472022Assets 2023: $251,532Liabilities 2023: $0Net Assets 2023: $251,5322023Assets 2024: $260,283Liabilities 2024: $0Net Assets 2024: $260,2832024

Highlighted filing

2022

Assets$254,447
Liabilities$0
Net Assets$254,447

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $145,9062011Expenses 2012: $147,6152012Revenue 2013: $151,489Expenses 2013: $134,621Net Income 2013: $16,8682013Revenue 2014: $153,315Expenses 2014: $144,591Net Income 2014: $8,7242014Revenue 2015: $148,661Expenses 2015: $151,202Net Income 2015: -$2,5412015Revenue 2016: $179,898Expenses 2016: $164,556Net Income 2016: $15,3422016Revenue 2017: $166,263Expenses 2017: $163,962Net Income 2017: $2,3012017Revenue 2018: $181,321Expenses 2018: $175,882Net Income 2018: $5,4392018Revenue 2019: $206,164Expenses 2019: $193,842Net Income 2019: $12,3222019Revenue 2020: $416,831Expenses 2020: $205,729Net Income 2020: $211,1022020Revenue 2021: $246,060Expenses 2021: $244,965Net Income 2021: $1,0952021Revenue 2022: $234,542Expenses 2022: $273,910Net Income 2022: -$39,3682022Revenue 2023: $262,029Expenses 2023: $264,944Net Income 2023: -$2,9152023Revenue 2024: $278,467Expenses 2024: $269,716Net Income 2024: $8,7512024

Highlighted filing

2022

Revenue$234,542
Expenses$273,910
Net Income-$39,368
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$244,760
Mission and Program Overview

Mission

The mission of love in the name of christ is to mobilize and facilitate the church to transform lives and the communities in the name of jesus christ.

Love,inc. Coordinates available assistance for needy people. This assistance comes from churches, individuals, and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$257,352$238,642▼ $18,710
Savings and Temporary Cash Investments$36,233$15,805▼ $20,428
Prepaid Expenses and Deferred Charges$230$0▼ $230
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$293,815$254,447▼ $39,368
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$293,815$254,447▼ $39,368
Total Net Assets Fund Balance$293,815$254,447▼ $39,368
Total Liabilities and Net Assets / Fund Balance$293,815$254,447▼ $39,368

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$22,138$22,138
Other Land Buildings$0$7,500$7,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bruce ColbertExecutive DirectorFT$62,000$62,000

Board Members and Trustees

NameTitle
Carla RobinsonPresident
Jacob Edward WackerVice-president
David WoolseySecretary
Joseph PanicoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$198,342
Program Service Revenue
$0
Investment Income
$501
Other Revenue
$35,699
All Other Contributions
$198,342
Change in Net Assets
$-39,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,081
Other Expenses$74,799
Total Fundraising Expense$45,089
Grants and Similar Amounts Paid$38,030
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$61,958$27,850$27,850$117,658
Grants to Domestic Individuals$38,030--$38,030
Other Employee Benefits$10,764$10,704$10,142$31,610
Office Expenses$14,205$748-$14,953
Payroll Taxes$6,221$2,796$2,796$11,813
All Other Expenses$4,959$2,495$1,740$9,194
Fees for Services Accounting-$4,750-$4,750
Other Expenses$3,332$175$1,178$3,507
Occupancy$1,576$837$837$3,250
Insurance$1,214$546$546$2,306
Total Functional Expenses$175,129$53,692$45,089$273,910
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,917
Fundraising Direct Expenses$10,218
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Banquet$45,917$45,917$6,699$39,218
Total Events$45,917$45,917$6,699$39,218
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to the board of directors when prepared.

Form 990, Part VI, Section B, Line 12C

Before any board vote, all board members must report a conflict of interest if any. If there is a conflict of interest, the board member with the conflict abstains from voting. The board president is responsible for enforcement of the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The board approves the budget which includes the staff compensation at the january board meeting and the member churches approve the budget at the annual meeting in march.

Form 990, Part VI, Section C, Line 18

The form 990 is available to the public upon request.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Love Inc
EIN
34-1633609
Phone
4403225689
Address
POBOX 1773, ELYRIA, OH 44036-1773

Signing Officer

Name
Bruce Colbert
Title
Executive Director
Phone
4403225689
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Colbert
Formed
1989
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Radachi and Company
Address
900 EAST BROAD STREET SUITE A, ELYRIA, OH 44035
Preparer
Richard R Radachi
Phone
4403653115
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022138
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022138
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06699
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL BANQUET
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045917
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt045917
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045917
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045917
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt039218
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06699
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06699
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt038030
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL ASSISTANCE TO HELP WITH EVERYDAY LIVING EXPENSES INCLUDING FOOD, FURNITURE, RENT, AND UTILITIES.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01325
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE CLIENTS APPLY FOR ASSISTANCE, LOVE INC VERIFIES APPLICATION INFORMATION FOR APPROVAL, ASSISTANCE EXPENSES ARE VERIFIED WITH A BILL OR OTHER DOCUMENTATION, AND THEN FUNDS ARE DISBURSED FOR CLIENT ASSISTANCE.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE COMPANY REQUESTS ACTUAL BILLS BEFORE ANY MONEY IS DISBURSED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I PART I QUESTION 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS WHEN PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEFORE ANY BOARD VOTE, ALL BOARD MEMBERS MUST REPORT A CONFLICT OF INTEREST IF ANY. IF THERE IS A CONFLICT OF INTEREST, THE BOARD MEMBER WITH THE CONFLICT ABSTAINS FROM VOTING. THE BOARD PRESIDENT IS RESPONSIBLE FOR ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES THE BUDGET WHICH INCLUDES THE STAFF COMPENSATION AT THE JANUARY BOARD MEETING AND THE MEMBER CHURCHES APPROVE THE BUDGET AT THE ANNUAL MEETING IN MARCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0293815
IRS990/TotalAssetsEOYAmt0254447
IRS990/TotalAssetsGrp/BOYAmt0293815
IRS990/TotalAssetsGrp/EOYAmt0254447
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0198342
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt045089
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053692
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175129
IRS990/TotalFunctionalExpensesGrp/TotalAmt0273910
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0293815
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0254447
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0175129
IRS990/TotalReportableCompFromOrgAmt062000
IRS990/TotalRevenueGrp/ExclusionAmt036200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234542
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0293815
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0254447
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1773
IRS990/USAddress/CityNm0ELYRIA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044036
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.LOVEINC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE COLBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04403225689
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOVE INC
ReturnHeader/Filer/BusinessNameControlTxt0LOVE
ReturnHeader/Filer/EIN0341633609
ReturnHeader/Filer/PhoneNum04403225689
ReturnHeader/Filer/USAddress/AddressLine1Txt0POBOX 1773
ReturnHeader/Filer/USAddress/CityNm0ELYRIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd0440361773
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341633609
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RADACHI AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 EAST BROAD STREET SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELYRIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044035
ReturnHeader/PreparerPersonGrp/PhoneNum04403653115
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD R RADACHI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T15:49:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRUCE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLBERT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.00$2.60$2.78$2.70$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.00$2.52$2.62$2.65$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$2.35$2.74$0.39
2021Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$2.46$2.45$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$0.24$2.93$4.17$2.06$2.11
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$2.06$1.94$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$1.81$1.76$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.66$0.02$0.64$1.66$1.64$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$1.80$1.65$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$1.49$1.51$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.03$0.49$1.53$1.45$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$1.51$1.35$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.01$0.23$1.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$1.46
Peer Organizations

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