Civic Intelligence

Love Well Spent

EIN 82-0747861 • 501(c)3 • Staten Island, NY

Pub. 78 Eligible990-N CoverageNTEE T99

Profile

Love Well Spent supports and empowers learners, educators, and families by providing access to resources and tools that transform learning, with a focus on educational equity and service-learning.

705 Forest AveStaten Island, NY 10310

lovewellspent.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

33rd percentile

-5.3%

Higher net margin than 33% of similar nonprofits.

NTEE T99 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$65,355

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 68.8% of source-year revenue.

NTEE T99 • <$500k nonprofits • Source year 2024

Asset Growth

13th percentile

-70%

Faster asset growth than 13% of similar nonprofits.

NTEE T99 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

44%

Faster revenue growth than 70% of similar nonprofits.

NTEE T99 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$3,435

Down $8,057 (-70%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$3,435

Down $8,057 (-70%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin33rd percentile

Revenue

Up

$95,033

Up $29,124 (+44%) from 2023

Expenses

Up

$100,056

Up $43,294 (+76%) from 2023

Net Income

Down

-$5,023

Down $14,170 (-155%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$15K$10K$5.0K$0Assets 2023: $11,492Liabilities 2023: $0Net Assets 2023: $11,4922023Assets 2024: $3,435Net Assets 2024: $3,4352024

Highlighted filing

2024

Assets$3,435
Liabilities-
Net Assets$3,435
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

$150K$100K$50K$0-$50KRevenue 2023: $65,909Expenses 2023: $56,762Net Income 2023: $9,1472023Revenue 2024: $95,033Expenses 2024: $100,056Net Income 2024: -$5,0232024

Highlighted filing

2024

Revenue$95,033
Expenses$100,056
Net Income-$5,023
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,435
Liabilities
-
Net assets
$3,435
Revenue
$95,033
Expenses
$100,056
Net income
-$5,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.95$1.00$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.66$0.57$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 25, 2025
Return Version
2024v5.1
Gross Receipts
$95,033
Mission and Program Overview

Mission

Love Well Spent supports and empowers learners, educators, and families by providing access to resources and tools that transform learning, with a focus on educational equity and service-learning.

Love Well Spent supports and empowers learners, educators and families by providing access to resources and toools that transform learning with focus on education equity and service-learning

Program Services

DescriptionGrantsExpenses
Services for students with special needs, the Executive Director (ED) provided tailored education services forstudents with special needs,including on-on-one tutoring, learning assesments and homeschooling support strategies. over 50 students and their famialies were supported during 2024.$0$68,138
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Modademu AkindudeExecutive DirectorFT$65,355-$65,355
Filing and Contact Details

Filer

Filer Name
Love Well Spent Inc
EIN
82-0747861
Phone
3478577757
Address
705 FOREST AVE, STATEN ISLAND, NY 10310

Signing Officer

Name
Dade Akindude
Title
Executive Director
Phone
3478577757
Signed
2025-03-25

Preparer

Firm
M & L Accounting
Address
16969 NW 67TH AVE STE 208, HIALEAH, FL 33015
Preparer
Ml Accounting Services Inc
Phone
3052317212
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“INTEREST INCOME”

Form 990EZ, Part I, Line 8

“OTHER INCOME 290.”

Form 990EZ, Part I, Line 16

“INSURANCE 2268.”

Form 990EZ, Part I, Line 16

“SOFTWARE EXPENSES 1231.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSES 480.”

Form 990EZ, Part I, Line 16

“Transportation expenses 4540.”

Form 990EZ, Part I, Line 16

“Telephone & internet expenses 1956.”

Form 990EZ, Part I, Line 16

“Bank service charges 234.”

Form 990EZ, Part I, Line 16

“INTEREST EXPENSES 133.”

Form 990EZ, Part I, Line 16

“CHARITY DONATIONS 107.”

Form 990EZ, Part I, Line 20

“To correct accrual payroll taxes. Enter in terror -3034.”

Raw XML Appendix155 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0BUSOLA AIBANA
IRS990EZ/BooksInCareOfDetail/PhoneNum03478577757
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 30453
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STATEN ISLAND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010303
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011492
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03435
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt094743
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-5023
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt03280
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt011492
IRS990EZ/Form990TotalAssetsGrp/EOYAmt03435
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt095033
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
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IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt011492
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt011492
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt03435
IRS990EZ/OccupancyRentUtltsAndMaintAmt09083
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt065355
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Modademu Akindude
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-3034
IRS990EZ/OtherExpensesTotalAmt010949
IRS990EZ/OtherRevenueTotalAmt0290
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Love Well Spent supports and empowers learners, educators and families by providing access to resources and toools that transform learning with focus on education equity and service-learning
IRS990EZ/PrintingPublicationsPostageAmt04430
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Services for students with special needs, the Executive Director (ED) provided tailored education services forstudents with special needs,including on-on-one tutoring, learning assesments and homeschooling support strategies. over 50 students and their famialies were supported during 2024.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt068138
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt072314
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0100056
IRS990EZ/TotalProgramServiceExpensesAmt068138
IRS990EZ/TotalRevenueAmt095033
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0lovewellspent.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt080392
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt021768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt028679
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0130839
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0130839
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt080392
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt021768
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0130839
IRS990ScheduleA/TotalSupportAmt0130839
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTEREST INCOME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER INCOME 290.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INSURANCE 2268.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOFTWARE EXPENSES 1231.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE EXPENSES 480.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSPORTATION EXPENSES 4540.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TELEPHONE & INTERNET EXPENSES 1956.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK SERVICE CHARGES 234.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INTEREST EXPENSES 133.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CHARITY DONATIONS 107.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TO CORRECT ACCRUAL PAYROLL TAXES. ENTER IN TERROR -3034.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 20
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DADE AKINDUDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03478577757
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOVE WELL SPENT INC
ReturnHeader/Filer/BusinessNameControlTxt0LOVE
ReturnHeader/Filer/EIN0820747861
ReturnHeader/Filer/PhoneNum03478577757
ReturnHeader/Filer/USAddress/AddressLine1Txt0705 FOREST AVE
ReturnHeader/Filer/USAddress/CityNm0STATEN ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010310
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263784554
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M & L ACCOUNTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016969 NW 67TH AVE STE 208
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HIALEAH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033015
ReturnHeader/PreparerPersonGrp/PhoneNum03052317212
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ML ACCOUNTING SERVICES INC
ReturnHeader/ReturnTs02025-04-21T15:12:53-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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