Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
40 Love Foundation Incorporated
990EZ • Fiscal year 2020 • EIN 81-1115103
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
69th percentile
Higher net margin than 69% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$14,262
No earlier filing loaded for comparison.
Net Assets
$13,189
No earlier filing loaded for comparison.
Liabilities
$1,073
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$73,106
No earlier filing loaded for comparison.
Expenses
$58,425
No earlier filing loaded for comparison.
Net Income
$14,681
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 15, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $73,106
Mission and Program Overview
Mission
The purpose of this corporation is, but not limited to: (a) To utilize sports and mentorship to instill positive values, work ethics, and goals into urban youth; (b) To bridge the cost gap and provide high quality, affordable sports opportunities; (c) To provide strong role models and a safe haven to children who need it; (d) To help expose the youth to better college opportunities through sports
Program Services
| Description | Grants | Expenses |
|---|---|---|
| To utilize sports and mentorship to instill positive values, work ethics, and goals into urban youth | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Doris Obih | Executive Director & CEO | FT | $0 | - | - |
| Mixael Padilla | Secretary | - | $0 | - | - |
| Chika Obih | CFO | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- 40 Love Foundation
- EIN
- 81-1115103
- Phone
- 3102004831
- Address
- PO Box 5445, Culver City, CA 90231
Signing Officer
- Name
- Doris Obih
- Title
- Executive Director & CEO
- Phone
- 3102004831
- Signed
- 2021-11-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- World Management Solutions Inc
- Address
- 26500 W Agoura Road Suite 102-518, Calabasas, CA 91302
- Preparer
- Kathryn Shirley
- Phone
- 3106017500
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Advertising and Marketing. Amount: 688. Description: Bank Charges and Fees. Amount: 275. Description: Car & Truck Expenses. Amount: 928. Description: Computer and Computer Related. Amount: 980. Description: Dues and Subscriptions. Amount: 451. Description: Insurance. Amount: 3,876. Description: Interest Expense. Amount: 290. Description: Job Supplies. Amount: 6,144. Description: Legal & Professional Services. Amount: 10,327. Description: Meals. Amount: 3,513. Description: Office Supplies and Software. Amount: 3,950. Description: Taxes and Licenses. Amount: 25. Description: Travel Expenses. Amount: 59. Description: Other. Amount: 5,202. Total to Form 990-EZ, line 16: 36,708.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: Other. Beg. of Year Amount: 1,492. End of Year Amount: 1,073.”
Raw XML Appendix154 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 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | World Management Solutions Inc |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3106017500 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 26500 W Agoura Road Ste 102-518 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Calabasas |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 91302 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 14262 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 73106 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 14681 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 20641 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 14262 |
| IRS990EZ/GrossReceiptsAmt | 0 | 73106 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -1492 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 13189 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -1492 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 13189 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 1076 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Doris Obih |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Mixael Padilla |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Chika Obih |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Executive Director & CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CFO |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 36708 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The purpose of this corporation is, but not limited to: (a) To utilize sports and mentorship to instill positive values, work ethics, and goals into urban youth; (b) To bridge the cost gap and provide high quality, affordable sports opportunities; (c) To provide strong role models and a safe haven to children who need it; (d) To help expose the youth to better college opportunities through sports |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | To utilize sports and mentorship to instill positive values, work ethics, and goals into urban youth |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1492 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1073 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 58425 |
| IRS990EZ/TotalRevenueAmt | 0 | 73106 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://40lovela.org/ |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 73106 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 52101 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 35642 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5401 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4577 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 170827 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 170827 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 73106 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 52101 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 35642 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5401 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4577 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 170827 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 73106 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 52101 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 35642 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5401 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 4577 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 170827 |
| 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 | Description: Advertising and Marketing. Amount: 688. Description: Bank Charges and Fees. Amount: 275. Description: Car & Truck Expenses. Amount: 928. Description: Computer and Computer Related. Amount: 980. Description: Dues and Subscriptions. Amount: 451. Description: Insurance. Amount: 3,876. Description: Interest Expense. Amount: 290. Description: Job Supplies. Amount: 6,144. Description: Legal & Professional Services. Amount: 10,327. Description: Meals. Amount: 3,513. Description: Office Supplies and Software. Amount: 3,950. Description: Taxes and Licenses. Amount: 25. Description: Travel Expenses. Amount: 59. Description: Other. Amount: 5,202. Total to Form 990-EZ, line 16: 36,708. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Other. Beg. of Year Amount: 1,492. End of Year Amount: 1,073. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Doris Obih |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director & CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3102004831 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | 40 Love Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 40LO |
| ReturnHeader/Filer/EIN | 0 | 811115103 |
| ReturnHeader/Filer/PhoneNum | 0 | 3102004831 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 5445 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Culver City |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 90231 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 454151259 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | World Management Solutions Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 26500 W Agoura Road Suite 102-518 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Calabasas |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 91302 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3106017500 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Kathryn Shirley |
| ReturnHeader/ReturnTs | 0 | 2021-11-15T22:35:35-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Doris |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Obih |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $14,262
- Liabilities
- $1,073
- Net assets
- $13,189
- Revenue
- $73,106
- Expenses
- $58,425
- Net income
- $14,681