Civic Intelligence

Love Squared Missions Inc.

990 • Fiscal year 2023 • EIN 46-0503384

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 18, 2024

200 Stillcreek DriveFranklin, TN 37064

(615) 577-4000

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

27th percentile

-9.9%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

21st percentile

-24%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

9.0%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$76,587

Down $24,537 (-24%) from 2022

Net Assets

Down

$76,578

Down $24,049 (-24%) from 2022

Liabilities

Down

$9

Down $488 (-98%) from 2022

Revenue

Up

$242,084

Up $20,062 (+9.0%) from 2022

Expenses

Up

$266,133

Up $16,366 (+6.6%) from 2022

Net Income

Up

-$24,049

Up $3,696 (+13%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $22,127Liabilities 2011: $1,326Net Assets 2011: $20,8012011Assets 2012: $44,288Liabilities 2012: $1,326Net Assets 2012: $42,9622012Assets 2013: $22,370Liabilities 2013: $1,326Net Assets 2013: $21,0442013Assets 2014: $12,791Liabilities 2014: $1,326Net Assets 2014: $11,4652014Assets 2015: $12,858Liabilities 2015: $0Net Assets 2015: $12,8582015Assets 2016: $8,841Liabilities 2016: $0Net Assets 2016: $8,8412016Assets 2017: $13,320Liabilities 2017: $0Net Assets 2017: $13,3202017Assets 2018: $1Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $65,401Liabilities 2019: $0Net Assets 2019: $65,4012019Assets 2020: $100,881Liabilities 2020: $41Net Assets 2020: $100,8402020Assets 2022: $101,124Liabilities 2022: $497Net Assets 2022: $100,6272022Assets 2023: $76,587Liabilities 2023: $9Net Assets 2023: $76,5782023Assets 2024: $56,768Liabilities 2024: $858Net Assets 2024: $55,9102024

Highlighted filing

2023

Assets$76,587
Liabilities$9
Net Assets$76,578

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $44,477Expenses 2011: $33,444Net Income 2011: $11,0332011Revenue 2012: $26,714Expenses 2012: $4,553Net Income 2012: $22,1612012Revenue 2013: $46,521Expenses 2013: $68,439Net Income 2013: -$21,9182013Revenue 2014: $35,020Expenses 2014: $44,599Net Income 2014: -$9,5792014Revenue 2015: $67,200Expenses 2015: $65,806Net Income 2015: $1,3942015Revenue 2016: $43,017Expenses 2016: $47,034Net Income 2016: -$4,0172016Revenue 2017: $34,567Expenses 2017: $30,088Net Income 2017: $4,4792017Revenue 2018: $0Expenses 2018: $31,845Net Income 2018: -$31,8452018Revenue 2019: $131,402Expenses 2019: $80,140Net Income 2019: $51,2622019Revenue 2020: $187,109Expenses 2020: $151,671Net Income 2020: $35,4382020Revenue 2022: $222,022Expenses 2022: $249,767Net Income 2022: -$27,7452022Revenue 2023: $242,084Expenses 2023: $266,133Net Income 2023: -$24,0492023Revenue 2024: $160,721Expenses 2024: $181,389Net Income 2024: -$20,6682024

Highlighted filing

2023

Revenue$242,084
Expenses$266,133
Net Income-$24,049
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 18, 2024
Return Version
2023v5.1
Gross Receipts
$242,084
Mission and Program Overview

Mission

To spread the gospel of jesus christ through music to underprivileged communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$100,627$76,578▼ $24,049
Cash and Non-Interest-Bearing Accounts$96,592$73,611▼ $22,981
Land, Buildings, and Equipment, Net$4,532$2,976▼ $1,556
Total Assets$101,124$76,587▼ $24,537
Liabilities
Other Liabilities$497$9▼ $488
Total Liabilities$497$9▼ $488
Net Assets / Fund Balance
Total Net Assets Fund Balance$100,627$76,578▼ $24,049
Total Liabilities and Net Assets / Fund Balance$101,124$76,587▼ $24,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,387$22,608$23,995
Other Land Buildings$1,589$1,428$3,017
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph KatinaPresident
James KatinaDirector
Jesse KatinaDirector
John KatinaDirector
Samuel KatinaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$242,084
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$242,084
Change in Net Assets
$-24,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,640
Salaries, Compensation, and Employee Benefits$94,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,300$0$0$82,300
Payments to Affiliates$58,000$0$0$58,000
All Other Expenses$33,961$12$0$33,973
Conferences and Meetings$21,600$0$0$21,600
Occupancy$12,596$0$0$12,596
Information Technology$10,110$0$0$10,110
Travel$1,157$6,199$0$7,356
Payroll Taxes$6,793$0$0$6,793
Other Employee Benefits$5,400$0$0$5,400
Office Expenses$4,112$348$0$4,460
Fees for Services Accounting$0$1,615$0$1,615
Depreciation Depletion$0$1,556$0$1,556
Other Expenses$250$0$0$250
Total Functional Expenses$256,403$9,730$0$266,133
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Federal withholding$9
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Love Squared Missions
EIN
46-0503384
Phone
6155774000
Address
200 STILLCREEK DRIVE, FRANKLIN, TN 37064
Doing Business As
The Katina Foundation Inc

Signing Officer

Name
Joe Katina
Title
Director
Phone
6155774000
Signed
2024-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Katina
Formed
2003
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
11

Preparer

Firm
Chitwood & Chitwood
Address
5746 Marlin Road Suite 500, Chattanooga, TN 37411
Preparer
H Michael Chitwood
Phone
4238924882
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Samuel, joseph, john, james and jesse katina are brothers.

Pt VI, Line 8A

All meetings are memorialized with minutes.

Pt VI, Line 8B

There are no committee, only the board of directors.

Pt VI, Line 11B

A COMPLETED COPY OF THE irs FORM 990 IS GIVEN TO EACH BOARD MEMBER FOR REVIEW BEFORE SIGNING AND SUBMISSION.

Pt VI, Line 15A

The organization has no employee.

Pt VI, Line 18

THE COMPLETED IRS FORMS 990 ARE AVAILABLE FOR REVIEW ON guidestar.org.

Pt VI, Line 19

All public documents are available for review at the office of the organization during normal business hours, by appointment.

Pt VI, Line 15B

All clerical employees, when hired, will have a salary set based on the local market and the availability of funds to pat salaries.

Pt VI, Line 12C

All decisions are carefully reviewed for conflicts before approval.

Form 990, Part IX, Line 24E

Flower & Gifts 33. 33. 0. 0.

Form 990, Part IX, Line 24E

Outside Services 20831. 20831. 0. 0.

Form 990, Part IX, Line 24E

Bank Service Charges 12. 0. 12. 0.

Form 990, Part IX, Line 24E

Activities 1521. 1521. 0. 0.

Form 990, Part IX, Line 24E

Ministry Supplies 1907. 1907. 0. 0.

Form 990, Part IX, Line 24E

Food 9669. 9669. 0. 0.

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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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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01589
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01428
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03017
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Employee Federal withholding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02976
IRS990ScheduleD/TotalLiabilityAmt09
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SAMUEL, JOSEPH, JOHN, JAMES AND JESSE KATINA ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEETINGS ARE MEMORIALIZED WITH MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEE, ONLY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COMPLETED COPY OF THE irs FORM 990 IS GIVEN TO EACH BOARD MEMBER FOR REVIEW BEFORE SIGNING AND SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NO EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPLETED IRS FORMS 990 ARE AVAILABLE FOR REVIEW ON guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL PUBLIC DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE OFFICE OF THE ORGANIZATION DURING NORMAL BUSINESS HOURS, BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL CLERICAL EMPLOYEES, WHEN HIRED, WILL HAVE A SALARY SET BASED ON THE LOCAL MARKET AND THE AVAILABILITY OF FUNDS TO PAT SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ALL DECISIONS ARE CAREFULLY REVIEWED FOR CONFLICTS BEFORE APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Flower & Gifts 33. 33. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Outside Services 20831. 20831. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Bank Service Charges 12. 0. 12. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Activities 1521. 1521. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Ministry Supplies 1907. 1907. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Food 9669. 9669. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KATINA MINISTRIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0273689648
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOSPEL MUSIC MUSIC PUBLISHING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0200 STILLCREEK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FRANKLIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037064
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt058000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Financials
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Financials
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Katina Ministries
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Katina Ministries
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1c
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0101124
IRS990/TotalAssetsEOYAmt076587
IRS990/TotalAssetsGrp/BOYAmt0101124
IRS990/TotalAssetsGrp/EOYAmt076587
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0242084
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09730
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0256403
IRS990/TotalFunctionalExpensesGrp/TotalAmt0266133
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0497
IRS990/TotalLiabilitiesEOYAmt09
IRS990/TotalLiabilitiesGrp/BOYAmt0497
IRS990/TotalLiabilitiesGrp/EOYAmt09
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt076578
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0256403
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242084
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0101124
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt076587
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06199
IRS990/TravelGrp/ProgramServicesAmt01157
IRS990/TravelGrp/TotalAmt07356
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

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