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Nonprofit · EIN 06-1309318

GIFTS OF LOVE INC

Tax-exempt · AVON, CT 06001

Financials

$1.3M$1.1M2023$1M$1M2024
Revenue Expenses · by fiscal year end
Financials of GIFTS OF LOVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,043,415$1,016,706$26,709$1,385,918$19,724$1,366,194
December 31, 2023990$1,323,157$1,125,399$197,758$1,447,909$128,465$1,319,444
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$907,736
Program service revenue
$0
Investment income
$35,263
Net rental income
$8,377
Net gain from sales of assets
$13,265
Net income from fundraising events
$92,039
Other revenue
$100,416

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$92,608
Other salaries and wages
$223,693
Salaries, compensation and benefits (total)
$359,492
Professional fundraising fees
$0
Occupancy
$59,307
Depreciation
$33,491
Program services (functional)
$536,560
Management and general (functional)
$309,820
Fundraising (functional)
$170,326

Balance sheet and other

Total assets, start of year
$1,447,909
Total assets, end of year
$1,385,918
Total liabilities, end of year
$19,724
Net assets, end of year
$1,366,194
Land, buildings and equipment
$326,166
Publicly traded securities
$560,513
Net assets without donor restrictions
$1,166,688
Net assets with donor restrictions
$199,506
Gross unrelated business income
$8,377
Gross receipts
$1,270,656
Employees
8
Volunteers
231
Year formed
1989
State of legal domicile
CT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LISA GRAYEXECUTIVE DIRECTOR
Officer
30$92,607
ALBERT ROBERT WONGPRESIDENT
Trustee or director, Officer
2$0
LYDIA TEDONESECRETARY
Trustee or director, Officer
2$0
SEAN RILEYTREASURER
Trustee or director, Officer
2$0
CHERYL CHESTERDIRECTOR
Trustee or director
1$0
JAIME HEGARTYDIRECTOR
Trustee or director
1$0
JOAN KEMLERDIRECTOR
Trustee or director
1$0
NESTOR LEONDIRECTOR
Trustee or director
1$0
VAUGHN ROBBINSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
LISA GRAYEXEC DIRECTOR
Officer
30$93,907
ALBERT ROBERT WONGPRESIDENT
Trustee or director, Officer
2$0
LYDIA TEDONESECRETARY
Trustee or director, Officer
2$0
SEAN RILEYTREASURER
Trustee or director, Officer
2$0
JAIME HEGARTYDIRECTOR
Trustee or director
1$0
JOAN KEMLERDIRECTOR
Trustee or director
1$0
NESTOR LEONDIRECTOR
Trustee or director
1$0
VAUGHN ROBBINSDIRECTOR
Trustee or director
1$0
CURTIS WILLIAMSDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 463, AVON, CT 06001-0463
In care of
% ACCOUNTING RESOURCES INC
Principal officer (990 for 2024)
ALBERT ROBERT WONG, PO BOX 463, AVON, CT 06001
Signed the 990
ALBERT ROBERT WONG, PRESIDENT
Phone
(860) 676-2323
Return prepared by
CITRIN COOPERMAN ADVISORS LLC

Mission

GIFTS OF LOVE HELPS MEET THE BASIC NEED OF INDIVIDUALS AND FAMILIES IN THE GREATER HARTFORD AREA EXPERIENCING A SHORT-TERM FINANCIAL CRISIS SO THEY CAN RETURN TO SELF SUFFICIENCY.

990 for the year ended December 31, 2024

Program accomplishments

  • BASIC NEEDS SERVICES - CLIENTS PERSONALLY CHOOSE FROM A SELECTION OF MEAT, FRESH SEASONAL PRODUCE, BAKED GOODS, NON-PERISHABLE FOODS, PAPER GOODS AND PERSONAL HYGIENE ITEMS ONCE PER MONTH. CLIENTS CAN ALSO CHOOSE IN-SEASON CLOTHING FOR THEIR ENTIRE FAMILY, AS WELL AS BED LINENS, TOWELS, CURTAINS, POTS, PANS, DISHES AND SMALL APPLIANCES. BASIC NEEDS PROGRAM SERVICES ALSO INCLUDES THE WEEKEND BACKPACK AND RETAIL RESCUE PROGRAMS. WEEKEND BACKPACK PROGRAM: FILLS BACKPACKS WITH EASY-TO-PREPARE MEALS, SNACKS, AND DRINKS TO STUDENTS RECEIVING FREE OR REDUCED COST LUNCH TO HELP FEED THE FAMILY THROUGH THE WEEKEND. STUDENTS RECEIVE THEIR BAGS FROM THEIR SCHOOLS, OR PARENTS PICK UP IN OUR AVON OFFICE, ON FRIDAYS. BAGS ARE FILLED WITH FOODS OBTAINED FROM FOODSHARE. ALLERGIES ARE ADDRESSED AND BAGS ARE CHECKED REGULARLY BEFORE THEY GO OUT TO THE SCHOOLS.RETAIL RESCUE PROGRAM: GIFTS OF LOVE AND A CREW OF VOLUNTEERS PICK UP FOOD "RESCUED" FROM LOCAL SUPERMARKETS THAT OTHERWISE WOULD BE DISCARDED. PARTICIPATING STORES INCLUDE FITZGERALD'S, BIG Y, SHOP RITE, STOP AND SHOP, FRESH MARKET, AVON PRIME MEATS, AND WHOLE FOODS. FOOD IS PICKED UP AT EACH LOCATION ONCE OR TWICE WEEK. RESCUED FOOD IS MADE AVAILABLE TO CLIENTS AT THEIR REGULAR VISITS.
    Expenses $536,560

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
06-1309318
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P600)
Assets (IRS master file)
$1,385,918
Income (IRS master file)
$1,270,656

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,043,415$1,016,706$1,385,918IRS
990-TDecember 2024–––IRS
990December 2023$1,323,157$1,125,399$1,447,909XML
990-TDecember 2023–––IRS
990December 2022$954,654$1,314,310$1,299,825IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1309318).

Questions about GIFTS OF LOVE INC

What is the EIN of GIFTS OF LOVE INC?
The employer identification number (EIN) of GIFTS OF LOVE INC is 06-1309318.
Is GIFTS OF LOVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to GIFTS OF LOVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GIFTS OF LOVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GIFTS OF LOVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GIFTS OF LOVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GIFTS OF LOVE INC?
The 990 for the year ended December 31, 2024 names ALBERT ROBERT WONG.
Who are the officers and directors of GIFTS OF LOVE INC?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $92,607 (LISA GRAY, EXECUTIVE DIRECTOR).
How much revenue does GIFTS OF LOVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,043,415, expenses of $1,016,706 and total assets of $1,385,918 at year end.

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