Nonprofit · EIN 45-5404420
WATTS OF LOVE
Tax-exempt · DOWNERS GROVE, IL 60515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,306,966 | $1,963,111 | $2,343,855 | $4,213,464 | $79,180 | $4,134,284 |
| June 30, 2024 | 990 | $2,196,033 | $1,840,630 | $355,403 | $1,871,882 | $86,897 | $1,784,985 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,012,038
- Program service revenue
- $86,050
- Investment income
- $35,197
- Net gain from sales of assets
- $5,986
- Net income from fundraising events
- $124,887
- Other revenue
- $173,681
Expenses
- Grants and similar amounts paid
- $587,165
- Compensation of officers, directors and key employees
- $116,098
- Other salaries and wages
- $557,325
- Salaries, compensation and benefits (total)
- $788,202
- Professional fundraising fees
- $0
- Legal fees
- $131,293
- Occupancy
- $11,183
- Travel
- $208,432
- Depreciation
- $11,589
- Program services (functional)
- $1,657,343
- Management and general (functional)
- $136,681
- Fundraising (functional)
- $169,087
Balance sheet and other
- Total assets, start of year
- $1,871,882
- Total assets, end of year
- $4,213,464
- Total liabilities, end of year
- $79,180
- Net assets, end of year
- $4,134,284
- Land, buildings and equipment
- $307,819
- Publicly traded securities
- $1,623,913
- Net assets without donor restrictions
- $2,325,544
- Net assets with donor restrictions
- $1,808,740
- Gross receipts
- $4,336,894
- Employees
- 16
- Volunteers
- 34
- Year formed
- 2012
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY ECONOMOU | PRESIDENT Trustee or director, Officer | 60 | $116,097 |
| KEVIN KUSTER | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARY KAY KAUFMANN | CHAIRWOMAN Trustee or director | 1 | $0 |
| BRIAN WALSH | VICE CHAIRMAN Trustee or director | 1 | $0 |
| MARIA HEY | SECRETARY Trustee or director | 1 | $0 |
| DALE MANCUSO | TREASURER Trustee or director | 1 | $0 |
| TERRY MAHONEY | FINANCE AND AUDIT CHARIMAN Trustee or director | 1 | $0 |
| MATT HOWARD | DIRECTOR Trustee or director | 1 | $0 |
| DOUG ROSELIEB | DIRECTOR Trustee or director | 1 | $0 |
| CANDICE MISHKIN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MOREHOUSE | DIRECTOR Trustee or director | 1 | $0 |
| MIKE ALLEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY ECONOMOU | PRESIDENT Trustee or director, Officer | 60 | $120,189 |
| KEVIN KUSTER | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARY KAY KAUFMANN | CHAIRWOMAN Trustee or director | 1 | $0 |
| DOUG ROSELIEB | VICE CHAIRMAN Trustee or director | 1 | $0 |
| MARIA HEY | SECRETARY Trustee or director | 1 | $0 |
| DALE MANCUSO | TREASURER Trustee or director | 1 | $0 |
| CANDICE MISHKIN | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN WALSH | DIRECTOR Trustee or director | 1 | $0 |
| MATT HOWARD | FINANCE AND AUDIT CHARIMAN Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 900 WARREN AVE, DOWNERS GROVE, IL 60515-3667
- In care of
- % NANCY ECONOMOU
- Principal officer (990 for 2024)
- NANCY ECONOMOU, 900 WARREN AVENUE 3, DOWNERS GROVE, IL 60515
- Signed the 990
- NANCY ECONOMOU, FOUNDER AND PRESIDENT
- Phone
- (630) 835-8444
- Website
- WWW.WATTSOFLOVE.ORG
- Return prepared by
- SELDEN FOX LTD
Mission
OUR MISSION IS TO BRING PEOPLE THE POWER TO RAISE THEMSELVES OUT OF THE DARKNESS OF POVERTY THROUGH SOLAR LIGHTING.
Program accomplishments
- WATTS OF LOVE IS A GLOBAL NONPROFIT DELIVERING SOLAR LIGHTS AND FINANCIAL LEARNING TO HELP PEOPLE RAISE THEMSELVES OUT OF THE DARKNESS OF POVERTY. WE PROVIDE THOSE LIVING IN LAST MILE COMMUNITIES WITH DURABLE, MULTI-FUNCTIONAL SOLAR LIGHTS, BREAKING THE DEPENDENCY ON TOXIC KEROSENE AND OTHER ALTERNATIVE LIGHT SOURCES WHILE SUPPORTING THEM WITH ECONOMIC EMPOWERMENT TRAINING. THROUGH OUR PROGRAM WE CREATE IMMEDIATE AND LONG-LASTING CHANGE FOR THOSE LIVING IN EXTREME POVERTY.Expenses $1,657,343 · grants $587,165 · revenue $134,844
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5404420
- 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
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $4,213,464
- Income (IRS master file)
- $4,336,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,306,966 | $1,963,111 | $4,213,464 | XML |
| 990 | June 2024 | $2,196,033 | $1,840,630 | $1,871,882 | XML |
| 990 | June 2023 | $2,440,208 | $2,003,861 | $1,459,710 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 45-5404420).
Questions about WATTS OF LOVE
- What is the EIN of WATTS OF LOVE?
- The employer identification number (EIN) of WATTS OF LOVE is 45-5404420.
- Is WATTS OF LOVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WATTS OF LOVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATTS OF LOVE 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 WATTS OF LOVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATTS OF LOVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATTS OF LOVE?
- The 990 for the year ended June 30, 2025 names NANCY ECONOMOU.
- Who are the officers and directors of WATTS OF LOVE?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $116,097 (NANCY ECONOMOU, PRESIDENT).
- How much revenue does WATTS OF LOVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,306,966, expenses of $1,963,111 and total assets of $4,213,464 at year end.
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All nonprofits in DOWNERS GROVE · Illinois · International, foreign affairs and national security