Nonprofit · EIN 34-1633609
LOVE INC OF LORAIN COUNTY
Tax-exempt · ELYRIA, OH 44036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $278,467 | $269,716 | $8,751 | $260,283 | $0 | $260,283 |
| December 31, 2023 | 990 | $262,029 | $264,944 | -$2,915 | $251,532 | $0 | $251,532 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $232,596
- Program service revenue
- $0
- Investment income
- $8,113
- Net income from fundraising events
- $37,758
- Other revenue
- $37,758
Expenses
- Grants and similar amounts paid
- $12,458
- Other salaries and wages
- $104,591
- Salaries, compensation and benefits (total)
- $166,643
- Professional fundraising fees
- $0
- Accounting fees
- $5,385
- Occupancy
- $9,706
- Program services (functional)
- $194,530
- Management and general (functional)
- $43,176
- Fundraising (functional)
- $32,010
Balance sheet and other
- Total assets, start of year
- $251,532
- Total assets, end of year
- $260,283
- Total liabilities, end of year
- $0
- Net assets, end of year
- $260,283
- Net assets without donor restrictions
- $260,283
- Gross receipts
- $278,931
- Employees
- 7
- Year formed
- 1989
- State of legal domicile
- OH
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SCHULZ | EXECUTIVE DI Trustee or director, Officer | 40 | $4,992 |
| JOSEPH PANICO | PRESIDENT Officer | 8 | $0 |
| TOM PRATT | TREASURER Officer | 8 | $0 |
| CARLA ROBINSON | SECRETARY Officer | 8 | $0 |
| JACOB EDWARD WACKER | VICE-PRESIDE Officer | 8 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE COLBERT | EXECUTIVE DI Trustee or director, Officer | 40 | $60,468 |
| JOSEPH PANICO | TREASURER Officer | 2 | $0 |
| CARLA ROBINSON | PRESIDENT Officer | 2 | $0 |
| JACOB EDWARD WACKER | VICE-PRESIDE Officer | 2 | $0 |
| DAVID WOOLSEY | SECRETARY Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1773, ELYRIA, OH 44036-1773
- Principal officer (990 for 2024)
- JOHN SCHULZ, PO BOX 1773, ELYRIA, OH 44036
- Signed the 990
- JOHN SCHULZ, EXECUTIVE DIRECTOR
- Phone
- (440) 322-5689
- Website
- WWW.LOVEINC.ORG
- Return prepared by
- RADACHI AND COMPANY CPAS
Mission
THE MISSION OF LOVE IN THE NAME OF CHRIST IS TO MOBILIZE AND FACILITATE THE CHURCH TO TRANSFORM LIVES AND THE COMMUNITIES IN THE NAME OF JESUS CHRIST.
Program accomplishments
- LOVE INC'S MISSION IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES BY MEETING NEEDS IN THE NAME OF CHRIST. WE USE A CLEARINGHOUSE MODEL TO PROVIDE GOODS AND VOLUNTEER SERVICES IN DIRECT COMBINATION WITH LOVING FAITH COMMUNITITES THAT OFFER EMOTIONAL/SPIRITUAL SUPPORT AND ONGOING ACCOUNTIBILITY FOR TRANSFORMATIONAL CHANGE. WHEN NEEDS ARE URGENT, WE WORK WITH OUR PARTNERS AND NETWORK CHURCHES TO PROVIDE ASSISTANCE THROUGH LOVE OPS (E.G.: CLOTHING, FOOD, BABY NEEDS, AND CLEANING SUPPLIES DISTRIBUTIONS) AND CRISIS FUNDS (E.G.: MATCHED FUNDS FOR ELIGIBLE FINANCIAL NEEDS).Expenses $194,530 · grants $12,458
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1633609
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P020)
- Assets (IRS master file)
- $260,283
- Income (IRS master file)
- $278,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $278,467 | $269,716 | $260,283 | XML |
| 990 | December 2023 | $262,029 | $264,944 | $251,532 | XML |
| 990 | December 2022 | $234,542 | $273,910 | $254,447 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 34-1633609).
Questions about LOVE INC OF LORAIN COUNTY
- What is the EIN of LOVE INC OF LORAIN COUNTY?
- The employer identification number (EIN) of LOVE INC OF LORAIN COUNTY is 34-1633609.
- Is LOVE INC OF LORAIN COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LOVE INC OF LORAIN COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVE INC OF LORAIN COUNTY 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 LOVE INC OF LORAIN COUNTY 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 LOVE INC OF LORAIN COUNTY 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 LOVE INC OF LORAIN COUNTY?
- The 990 for the year ended December 31, 2024 names JOHN SCHULZ.
- Who are the officers and directors of LOVE INC OF LORAIN COUNTY?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $4,992 (JOHN SCHULZ, EXECUTIVE DI).
- How much revenue does LOVE INC OF LORAIN COUNTY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $278,467, expenses of $269,716 and total assets of $260,283 at year end.
Other nonprofits in ELYRIA
- ELYRIA MEDICAL CENTER FOUNDATION EIN 61-1579760 · last filed 990 for 2024
- LORAIN COUNTY SAFE HARBOR CORP EIN 34-1774211 · last filed 990 for 2025
- BLESSING HOUSE EIN 30-0130029 · last filed 990 for 2025
- ELYRIA 778 CHARITIES INC EIN 30-0277860 · last filed 990 for 2024
- FGFF RAPHA INTERNATIONAL CENTER INC EIN 30-0102043 · last filed 990 for 2025
- LOVING OTHERS ON PURPOSE EIN 85-3256848 · last filed 990 for 2025
- YOUNG WOMENS CHRISTIAN ASSOCIATION EIN 34-0718418 · last filed 990 for 2024
- LORAIN COUNTY URBAN LEAGUE INC EIN 34-1263379 · last filed 990 for 2025