Nonprofit · EIN 47-5206106
LOVE CITY INC
Tax-exempt · LOUISVILLE, KY 40212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,544,125 | $1,160,878 | $383,247 | $2,574,242 | $991,831 | $1,582,411 |
| December 31, 2023 | 990 | $947,418 | $1,154,835 | -$207,417 | $2,009,658 | $810,494 | $1,199,164 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,333,250
- of which government grants
- $196,668
- Program service revenue
- $154,665
- Investment income
- $46,009
- Net rental income
- $10,201
- Net gain from sales of assets
- $43,200
- Other revenue
- $10,201
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $691,133
- Salaries, compensation and benefits (total)
- $691,133
- Professional fundraising fees
- $0
- Accounting fees
- $10,434
- Occupancy
- $76,825
- Travel
- $6,164
- Depreciation
- $39,809
- Program services (functional)
- $843,370
- Management and general (functional)
- $288,644
- Fundraising (functional)
- $28,864
Balance sheet and other
- Total assets, start of year
- $2,009,658
- Total assets, end of year
- $2,574,242
- Total liabilities, end of year
- $991,831
- Net assets, end of year
- $1,582,411
- Land, buildings and equipment
- $2,042,848
- Net assets without donor restrictions
- $1,579,025
- Net assets with donor restrictions
- $3,386
- Gross receipts
- $1,544,125
- Employees
- 0
- Volunteers
- 125
- Year formed
- 2015
- State of legal domicile
- KY
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 |
|---|---|---|---|
| Shawn Arvin | Chairman Trustee or director, Officer | 1 | $0 |
| William Summers | Treasurer Trustee or director, Officer | 1 | $0 |
| James Essex | Director Trustee or director | 1 | $0 |
| Channock Banet | Director Trustee or director | 1 | $0 |
| Elizabeth Satterfield | Director Trustee or director | 1 | $0 |
| Brittany Spiller | Director Trustee or director | 1 | $0 |
| Adam Watson | Director Trustee or director | 1 | $0 |
| Inga Arvin | Executive Director Officer | 30 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Inga Arvin | Executive Director Officer | 30 | $36,885 |
| Elizabeth Satterfield | Director Trustee or director | 1 | $0 |
| Brittany Spiller | Director Trustee or director | 1 | $0 |
| Adam Watson | Director Trustee or director | 1 | $0 |
| Channock Banet | Director Trustee or director | 1 | $0 |
| James Essex | Director Trustee or director | 1 | $0 |
| Shawn Arvin | Chairman Trustee or director, Officer | 1 | $0 |
| William Summers | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 344 N 26TH ST, LOUISVILLE, KY 40212-1450
- In care of
- % WES TERRY
- Principal officer (990 for 2024)
- Inga Arvin, 2615 Alford Ave, Louisville, KY 40212
- Signed the 990
- WES TERRY, Tax Matters Partner
- Phone
- (502) 974-9818
- Website
- www.lovecityinc.org
- 990-N for 2015 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Inga Schweitzer, 2615 Alford Ave, Louisville KY 40212. Mailing address: 2615 Alford Ave, Louisville KY 40212.
- Return prepared by
- MarshTerry&Associates
Mission
Charitable organization running a community center in an impoverished area providing after school and summer programs free to ages 3-18. These programs include tutoring, art and music programs
Program accomplishments
- Charitable organization running a community center in an impovershed area providing after school and summer programs free to ages 3-18. These programs include tutoring, art, and music programsExpenses $843,370
- The organization has established a dba clled Porkland BBQ. This restaurant provides the community with a place to sit down and enjoy lunch or dinner that is not from a fast food restaurant. The restaurant employes local individuals from the Portland neighborhood in order to stimulate the impoverished area.
- The organiazation has established a dba called Mighty Oak Academy. This daycare/preschool program provides the community with a safe, loving, and curriculum based environment to prepare their children for the next level of learning.
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
- 47-5206106
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $2,574,242
- Income (IRS master file)
- $1,544,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,544,125 | $1,160,878 | $2,574,242 | XML |
| 990 | December 2023 | $947,418 | $1,154,835 | $2,009,658 | XML |
| 990 | December 2022 | $590,422 | $1,086,874 | $2,231,863 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Inga Schweitzer Filed under this EIN, most likely by a chapter or affiliate | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-5206106).
Questions about LOVE CITY INC
- What is the EIN of LOVE CITY INC?
- The employer identification number (EIN) of LOVE CITY INC is 47-5206106.
- Is LOVE CITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to LOVE CITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVE CITY 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 LOVE CITY 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 LOVE CITY 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 LOVE CITY INC?
- The 990 for the year ended December 31, 2024 names Inga Arvin.
- Who are the officers and directors of LOVE CITY INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does LOVE CITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,544,125, expenses of $1,160,878 and total assets of $2,574,242 at year end.
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