Civic Intelligence

Love Inc of Worthington

EIN 38-3802327 • 501(c)3 • Worthington, MN

PO Box 952Worthington, MN 56187

www.loveincwgtn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

24th percentile

-19%

Higher net margin than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

21st percentile

-46%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$24,504

Down $20,740 (-46%) from 2023

Liabilities

Up

$1,261

Up $13 (+1.0%) from 2023

Net Assets

Down

$23,243

Down $20,753 (-47%) from 2023

Revenue

Up

$109,365

Up $14,136 (+15%) from 2023

Expenses

Up

$130,118

Up $16,517 (+15%) from 2023

Net Income

Down

-$20,753

Down $2,381 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2012: $41,047Liabilities 2012: $1,2152012Assets 2013: $39,490Liabilities 2013: $0Net Assets 2013: $39,4902013Assets 2014: $38,309Liabilities 2014: $2,253Net Assets 2014: $36,0562014Assets 2015: $47,758Liabilities 2015: $2,217Net Assets 2015: $45,5412015Assets 2016: $70,558Liabilities 2016: $591Net Assets 2016: $69,9672016Assets 2017: $72,778Liabilities 2017: $1,569Net Assets 2017: $71,2092017Assets 2018: $63,236Liabilities 2018: $877Net Assets 2018: $62,3592018Assets 2019: $48,916Liabilities 2019: $1,092Net Assets 2019: $47,8242019Assets 2020: $72,364Liabilities 2020: $16,478Net Assets 2020: $55,8862020Assets 2021: $83,636Liabilities 2021: $1,271Net Assets 2021: $82,3652021Assets 2022: $62,693Liabilities 2022: $657Net Assets 2022: $62,0362022Assets 2023: $45,244Liabilities 2023: $1,248Net Assets 2023: $43,9962023Assets 2024: $24,504Liabilities 2024: $1,261Net Assets 2024: $23,2432024

Highlighted filing

2024

Assets$24,504
Liabilities$1,261
Net Assets$23,243

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2012: $86,512Expenses 2012: $70,373Net Income 2012: $16,1392012Revenue 2013: $93,063Expenses 2013: $93,405Net Income 2013: -$3422013Revenue 2014: $127,319Expenses 2014: $126,929Net Income 2014: $3902014Revenue 2015: $179,457Expenses 2015: $169,972Net Income 2015: $9,4852015Revenue 2016: $163,729Expenses 2016: $139,304Net Income 2016: $24,4252016Revenue 2017: $135,289Expenses 2017: $134,046Net Income 2017: $1,2432017Revenue 2018: $119,173Expenses 2018: $127,981Net Income 2018: -$8,8082018Revenue 2019: $108,221Expenses 2019: $122,756Net Income 2019: -$14,5352019Revenue 2020: $126,676Expenses 2020: $118,614Net Income 2020: $8,0622020Revenue 2021: $158,078Expenses 2021: $131,599Net Income 2021: $26,4792021Revenue 2022: $103,910Expenses 2022: $124,239Net Income 2022: -$20,3292022Revenue 2023: $95,229Expenses 2023: $113,601Net Income 2023: -$18,3722023Revenue 2024: $109,365Expenses 2024: $130,118Net Income 2024: -$20,7532024

Highlighted filing

2024

Revenue$109,365
Expenses$130,118
Net Income-$20,753

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.01$0.23$1.09$1.30$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.01$0.44$0.95$1.14$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.01$0.62$1.04$1.24$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.01$0.82$1.58$1.32$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.16$0.56$1.27$1.19$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.01$0.48$1.08$1.23$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.01$0.62$1.19$1.28$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.02$0.71$1.35$1.34$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.01$0.70$1.64$1.39$0.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.02$0.46$1.79$1.70$0.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.02$0.36$1.27$1.27$0.00
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.00$0.39$0.93$0.93$0.00
2012Summary only. Only limited summary data is available for this year.$0.41$0.01$0.87$0.70$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 2, 2025
Return Version
2024v5.2
Gross Receipts
$109,365
Mission and Program Overview

Mission

Love in the name of christ of worthington's mission if "to mobilize local churches to transform lives and communities in the name of christ." we live this out by equpping christians: increase ministry awareness with partner churches improve volunteer recruitment and training to engage and make volunteer/client interactions more relational empower thier neighbors in need to live more purposeful lives build growing hope program provide greater oppertunities for clients to give back

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$45,244$24,504▼ $20,740
Total Assets$45,244$24,504▼ $20,740
Liabilities
Accounts Payable and Accrued Expenses$1,248$1,261▲ $13
Total Liabilities$1,248$1,261▲ $13
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,996$23,243▼ $20,753
Total Net Assets Fund Balance$43,996$23,243▼ $20,753
Total Liabilities and Net Assets / Fund Balance$45,244$24,504▼ $20,740
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike MooreChair
Karla KirkebyVice Chair
Bryan VossDirector
Nora LeinenDirector
Jeanette MccormickEx Officiodirector
Greg WedeExecutive Director
Tony VetschTreasurerdirector
Tom CavanaughSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$109,365
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$87,627
Change in Net Assets
$-20,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$82,325
Other Expenses$47,793
Total Fundraising Expense$13,186
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,985$33,985$7,552$75,522
Occupancy$8,645$4,654-$13,299
Fees for Services Accounting$3,573$4,368-$7,941
Payroll Taxes$2,673$2,673$594$5,940
Office Expenses$2,637$2,637$586$5,860
Fees for Services Other$253$253$3,769$4,275
Conferences and Meetings$3,020$1,007-$4,027
Advertising$1,552$1,553$345$3,450
Payments to Affiliates$3,172--$3,172
Insurance$1,035$1,266-$2,301
Other Employee Benefits$388$475-$863
Other Expenses$416$654$340$756
Travel$288$353-$641
Total Functional Expenses$63,054$53,878$13,186$130,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
Yes
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

Governing body meeting documentation Part VI line 8A

Form 990, Part VI, Line 8a - Documentation of Governing Body Explanation All Board of Directors meetings are documented. Minutes are taken and recorded by the Board Secretary.

Committee meeting documentation Part VI line 8B

Form 990, Part VI, Line 8b - Documentation by Committee Explanation All Committee reports were given each month at the Board of Directors meeting, at which time they are recorded in the meeting minutes by the Secretary.

Form 990 governing body review Part VI line 11

Form 990, Part VI, Line 11b - Organizations Process to Review Form 990 It was reviewed by the Board of Directors at the April Board Meeting.

Conflict of interest policy compliance Part VI line 12C

Form 990, Line VI, Line 12c - Enforcement of Conflicts Policy If there is believed to be a conflict of interest, it needs to be brought to the attention of the Board. At that time the Board shall decide how it should be handled. It could mean that the individual must refrain from voting or step down from their responsiblities.

CEO executive director top management comp Part VI line 15A

Form 990, Part VI, Line 15a - Compensation Process for Top Official Executive committee and personnel committee reviews all salaried positions in September of each year.

Other officer or key employee compensation Part VI line 15B

Form 990, Part VI, Line 15b - Compensation Process for Officers The Board of Directors are volunteers and are not compensated.

Governing documents etc available to public Part VI line 19

Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation All governing documents can be looked at the Love INC office if a 5 day written notice has been given.

Filing and Contact Details

Filer

Filer Name
Love Inc of Worthington
EIN
38-3802327
In Care Of
% GREG WEDE
Phone
5077277290
Address
PO BOX 952, Worthington, MN 56187
Doing Business As
Love Inc

Signing Officer

Name
Greg Wede
Title
Executive Director
Phone
5077277290
Signed
2025-11-02
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
75

Preparer

Firm
Legacy Tax & Accounting
Address
921 4th Avenue Suite 6, Worthington, MN 56187
Preparer
Susan Johnson
Phone
5073432107
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Reclass on some changes in prior year adjustments that affected the net asset balance.

Part III response or note to any other line in Part III

Form 990, Part III - Additional Information 2024 Executive Summary of Accomplishments At its core, Love INC of Worthington is a ministry created to mobilize its 18 churches to reach out and serve their local community. This is lived out by equipping individual members to engage and empower their neighbors in need to live more purposeful lives. In total, Love INC mobilized 7 volunteers for 545 acts of service, totaling over 1900 hours and valued at $66,101. A lot was accomplished by this joint effort. The Love INC Clearinghouse Helpline continued to serve local callers with a wide range of needs. Part III continued On a daily basis caring volunteers listened to the needs of callers, asked questions to gain a greater understanding of their sotries, connected and verified information by speaking to others involved in their situation, offered encouragment & support, & connected callers with the most appropriate community resources. In total, we worked with 236 families in need. Working with these families we were able to help them problem solve their situations and provided referrals to services (church, government, community). Many of the referrals were to our partner churches for ministries who provide products or services that are filling previous gaps in community services. These ministries, organized & overseen by Love INC, provide short term assistance to people in various struggles & crises. Oversaw GAP ministries which included, baby clothing, beds, furniture, household, linens, personal items, widows ministry & ride ministry. The value of these products & services totals of $4,900. Furthermore, these products & services are delivered by caring volunteers who speak encouragement & offer prayer to those going through difficult situations. Some of those we work with are experiencing deeper levels of need. They are stuck in chronic need that takes more than products & services to solve. Growing Hope is a program that is provides support that teaches skills to help participants live more meaningful & productive lives. Transportation and childcare was provided to participants & they were able to earn incentives through weekly attendance & homework. We are continuing to learn how to balance hand-outs with handups and what that looks like through a network of churches, community agenices, & government programs networking together. We have a long way to go but are encouraged by what we have learned so far. Form 990, Part III Line 4a - First Accomplishment Clearinghouse Helpline: The Clearinhouse answers incoming calls from those in need. After those in need have told their story the clearinghouse volunteers move forward in screening, and verifying that clients needs. After the calls have been verified that their is a true need. Clients are connected with local churches, Gap Ministries, community resources, and christian indivduals. In 2024, they did 236 intakes, 456 referrals were made. $4,900 was the estimated value of Gap Ministry assets given to our neighbors in need. All of these assets were donated from churches, businesses, and citizens of the community. Form 990, Part III, Line 4d-All other accomplishments Volunteer Recruitment & Training-We help church volunteers find ways to serve neighbors in need. We orientate them to the Love In the Name of Christ process & train them for specific roles. Our goal is to teach so volunteers will know how to give a hand up instead of a hand out. The client is involved with set up, take down, serving refreshments and greeting the public viewers of the decorated Christmas trees. This helps build relationships and helps with the teaching of hand up instead of hand out.

Part V response or note to any other line in Part V

Form 990 Part VI, Line 1a - Authority Delegated to Committee Explantion The Executive Committee has been given the autority to meet to discuss what will be put on the agenda for each monthly meeting.

General explanation attachment

Form 990-Organziations Mission or Most Significant Activities Mission: To mobilize local churches to transform lives and communities In the Name of Christ. Vision: To see Worthington area Christian churches united in developing followers of Christ to be leaders in serving the whole community by practicing Christs transforming love. Form 990 - Organizations Mission Love In the Name of Christ of Worthingtons mission if To mobilize local churches to transform lives and communities In the Name of Christ. EMPOWER their neighbors in need to live more purposeful lives Build Growing Hope programs Provide greater opportunities for clients to give back Volunteers are a very important part of Love In the Name of Christ ministry. Coming alongside of our neighbors in need to give them a hand up and not a hand out. Modeling a Christ like love. In 2024 many tasks were performed which broke down to over 1900 volunteer hours.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Gap Ministries: Connecting and helping local Churches and volunteers to create new Ministries to meet the local needs that have been verified thru the Clearinghouse. Of the 243 calls received through the Clearinghouse: 545 adults and 230 childrens needs were met.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Line 8a - Documentation of Governing Body Explanation All Board of Directors meetings are documented. Minutes are taken and recorded by the Board Secretary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Line 8b - Documentation by Committee Explanation All Committee reports were given each month at the Board of Directors meeting, at which time they are recorded in the meeting minutes by the Secretary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Line 11b - Organizations Process to Review Form 990 It was reviewed by the Board of Directors at the April Board Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Line VI, Line 12c - Enforcement of Conflicts Policy If there is believed to be a conflict of interest, it needs to be brought to the attention of the Board. At that time the Board shall decide how it should be handled. It could mean that the individual must refrain from voting or step down from their responsiblities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, Part VI, Line 15a - Compensation Process for Top Official Executive committee and personnel committee reviews all salaried positions in September of each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Part VI, Line 15b - Compensation Process for Officers The Board of Directors are volunteers and are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation All governing documents can be looked at the Love INC office if a 5 day written notice has been given.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Reclass on some changes in prior year adjustments that affected the net asset balance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Form 990, Part III - Additional Information 2024 Executive Summary of Accomplishments At its core, Love INC of Worthington is a ministry created to mobilize its 18 churches to reach out and serve their local community. This is lived out by equipping individual members to engage and empower their neighbors in need to live more purposeful lives. In total, Love INC mobilized 7 volunteers for 545 acts of service, totaling over 1900 hours and valued at $66,101. A lot was accomplished by this joint effort. The Love INC Clearinghouse Helpline continued to serve local callers with a wide range of needs. Part III continued On a daily basis caring volunteers listened to the needs of callers, asked questions to gain a greater understanding of their sotries, connected and verified information by speaking to others involved in their situation, offered encouragment & support, & connected callers with the most appropriate community resources. In total, we worked with 236 families in need. Working with these families we were able to help them problem solve their situations and provided referrals to services (church, government, community). Many of the referrals were to our partner churches for ministries who provide products or services that are filling previous gaps in community services. These ministries, organized & overseen by Love INC, provide short term assistance to people in various struggles & crises. Oversaw GAP ministries which included, baby clothing, beds, furniture, household, linens, personal items, widows ministry & ride ministry. The value of these products & services totals of $4,900. Furthermore, these products & services are delivered by caring volunteers who speak encouragement & offer prayer to those going through difficult situations. Some of those we work with are experiencing deeper levels of need. They are stuck in chronic need that takes more than products & services to solve. Growing Hope is a program that is provides support that teaches skills to help participants live more meaningful & productive lives. Transportation and childcare was provided to participants & they were able to earn incentives through weekly attendance & homework. We are continuing to learn how to balance hand-outs with handups and what that looks like through a network of churches, community agenices, & government programs networking together. We have a long way to go but are encouraged by what we have learned so far. Form 990, Part III Line 4a - First Accomplishment Clearinghouse Helpline: The Clearinhouse answers incoming calls from those in need. After those in need have told their story the clearinghouse volunteers move forward in screening, and verifying that clients needs. After the calls have been verified that their is a true need. Clients are connected with local churches, Gap Ministries, community resources, and christian indivduals. In 2024, they did 236 intakes, 456 referrals were made. $4,900 was the estimated value of Gap Ministry assets given to our neighbors in need. All of these assets were donated from churches, businesses, and citizens of the community. Form 990, Part III, Line 4d-All other accomplishments Volunteer Recruitment & Training-We help church volunteers find ways to serve neighbors in need. We orientate them to the Love In the Name of Christ process & train them for specific roles. Our goal is to teach so volunteers will know how to give a hand up instead of a hand out. The client is involved with set up, take down, serving refreshments and greeting the public viewers of the decorated Christmas trees. This helps build relationships and helps with the teaching of hand up instead of hand out.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Form 990 Part VI, Line 1a - Authority Delegated to Committee Explantion The Executive Committee has been given the autority to meet to discuss what will be put on the agenda for each monthly meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Form 990-Organziations Mission or Most Significant Activities Mission: To mobilize local churches to transform lives and communities In the Name of Christ. Vision: To see Worthington area Christian churches united in developing followers of Christ to be leaders in serving the whole community by practicing Christs transforming love. Form 990 - Organizations Mission Love In the Name of Christ of Worthingtons mission if To mobilize local churches to transform lives and communities In the Name of Christ. EMPOWER their neighbors in need to live more purposeful lives Build Growing Hope programs Provide greater opportunities for clients to give back Volunteers are a very important part of Love In the Name of Christ ministry. Coming alongside of our neighbors in need to give them a hand up and not a hand out. Modeling a Christ like love. In 2024 many tasks were performed which broke down to over 1900 volunteer hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part V response or note to any other line in Part V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10General explanation attachment
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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