Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Loves Ministry Inc.
EIN 35-2761886 • 501(c)3 • Corydon, IN
Pub. 78 Eligible990-N CoverageNTEE L41
Profile
The corporation is organized exclusively for charitable, educational and scientific purposes within the meaning of 501(c)(3) of the internal revenue code of 1986 and to have and to exercise any and all powers, rights and purposes which a corporation organized under kentucky nonprofit corporation act, and more particularly described in krs 273.171, as amended from time to time, by law may now or hereafter have or exercise. The corporation is a public charity within the meaning of 501(c)(3) of the code. The corporation is a religious organization, for homeless ministry.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
60.76x
Liabilities / Revenue
78th percentile
Higher debt load relative to revenue than 78% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Down$270
Down $354 (-57%) from 2022
Liabilities
Up$16,404
Up $11,915 (+265%) from 2022
Net Assets
Down-$16,134
Down $12,269 (-317%) from 2022
Revenue
Up$15,372
Up $99 (+0.6%) from 2022
Expenses
Up$27,640
Up $8,502 (+44%) from 2022
Net Income
Down-$12,268
Down $8,403 (-217%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $270
- Liabilities
- $16,404
- Net assets
- -$16,134
- Revenue
- $15,372
- Expenses
- $27,640
- Net income
- -$12,268
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 13, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $15,372
Mission and Program Overview
Mission
The corporation is organized exclusively for charitable, educational and scientific purposes within the meaning of 501(c)(3) of the internal revenue code of 1986 and to have and to exercise any and all powers, rights and purposes which a corporation organized under kentucky nonprofit corporation act, and more particularly described in krs 273.171, as amended from time to time, by law may now or hereafter have or exercise. The corporation is a public charity within the meaning of 501(c)(3) of the code. The corporation is a religious organization, for homeless ministry.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HOMELESS MINISTRY | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARY J WENDELIN | President | - | $0 | - | - |
| REGINA OGLESBY | Vice-Preside | - | $0 | - | - |
| SPENCER WENDELIN | Secretary | - | $0 | - | - |
| ELAINE HAMBLEY | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- LOVE'S MINISTRY INC
- EIN
- 35-2761886
- Phone
- 5024915550
- Address
- 25 HWY 337 SOUTH, CORYDON, IN 47112
Signing Officer
- Name
- Mary J Wendelin
- Title
- President
- Phone
- 5024915550
- Signed
- 2024-11-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- William S Wetterer & Co Psc
- Address
- 9700 ORMSBY STATION ROAD, LOUISVILLE, KY 40223
- Preparer
- E Daniel Clift CPA
- Phone
- 5024915550
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office expense 170 auto expense 8,470 repairs & maintenance 11 deductible meals 80 purchases 15,942 total 24,673”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 125 122 total 125 122”
Form 990-ez, Part II, Line 26
“Unsecured notes and loans payable 4,489 16,404”
Form 990-ez, Part III
“The corporation is organized exclusively for charitable, educational and scientific purposes within the meaning of 501(c)(3) of the internal revenue code of 1986 and to have and to exercise any and all powers, rights and purposes which a corporation organized under kentucky nonprofit corporation act, and more particularly described in krs 273.171, as amended from time to time, by law may now or hereafter have or exercise. The corporation is a public charity within the meaning of 501(c)(3) of the code. The corporation is a religious organization, for homeless ministry.”
Raw XML Appendix131 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MARY J WENDELIN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5024915550 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 25 HIGHWAY 337 SOUTH |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CORYDON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 47112 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 498 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 148 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 15372 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -12268 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 623 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 270 |
| IRS990EZ/GrossReceiptsAmt | 0 | 15372 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -3866 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -16134 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -3866 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -16134 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2967 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARY J WENDELIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | REGINA OGLESBY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SPENCER WENDELIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ELAINE HAMBLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE-PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 125 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 122 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 24673 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND TO HAVE AND TO EXERCISE ANY AND ALL POWERS, RIGHTS AND PURPOSES WHICH A CORPORATION ORGANIZED UNDER KENTUCKY NONPROFIT CORPORATION ACT, AND MORE PARTICULARLY DESCRIBED IN KRS 273.171, AS AMENDED FROM TIME TO TIME, BY LAW MAY NOW OR HEREAFTER HAVE OR EXERCISE. THE CORPORATION IS A PUBLIC CHARITY WITHIN THE MEANING OF 501(C)(3) OF THE CODE. THE CORPORATION IS A RELIGIOUS ORGANIZATION, FOR HOMELESS MINISTRY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOMELESS MINISTRY |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialConditionDesc | 0 | EXTENSION GRANTED TO 111524 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 4489 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 16404 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 27640 |
| IRS990EZ/TotalRevenueAmt | 0 | 15372 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 15372 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 15273 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 30645 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 30645 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 15372 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 15273 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 30645 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 30645 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE EXPENSE 170 AUTO EXPENSE 8,470 REPAIRS & MAINTENANCE 11 DEDUCTIBLE MEALS 80 PURCHASES 15,942 TOTAL 24,673 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | INVENTORIES FOR SALE OR USE 125 122 TOTAL 125 122 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UNSECURED NOTES AND LOANS PAYABLE 4,489 16,404 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND TO HAVE AND TO EXERCISE ANY AND ALL POWERS, RIGHTS AND PURPOSES WHICH A CORPORATION ORGANIZED UNDER KENTUCKY NONPROFIT CORPORATION ACT, AND MORE PARTICULARLY DESCRIBED IN KRS 273.171, AS AMENDED FROM TIME TO TIME, BY LAW MAY NOW OR HEREAFTER HAVE OR EXERCISE. THE CORPORATION IS A PUBLIC CHARITY WITHIN THE MEANING OF 501(C)(3) OF THE CODE. THE CORPORATION IS A RELIGIOUS ORGANIZATION, FOR HOMELESS MINISTRY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARY J WENDELIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5024915550 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOVE'S MINISTRY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOVE |
| ReturnHeader/Filer/EIN | 0 | 352761886 |
| ReturnHeader/Filer/PhoneNum | 0 | 5024915550 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 25 HWY 337 SOUTH |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CORYDON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 47112 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 611036216 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WILLIAM S WETTERER & CO PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 9700 ORMSBY STATION ROAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LOUISVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 40223 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5024915550 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | E DANIEL CLIFT CPA |
| ReturnHeader/ReturnTs | 0 | 2024-11-15T13:52:39-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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