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Nonprofit · EIN 81-3356821

I UNDERSTAND LOVE HEALS

Also known as I UNDERSTAND

Tax-exempt · GRAND RAPIDS, MI 49546

Financials

$400K$251K2023$605K$669K2024
Revenue Expenses · by fiscal year end
Financials of I UNDERSTAND LOVE HEALS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$605,133$669,420-$64,287$477,316$55,193$422,123
December 31, 2023990$399,970$251,233$148,737$488,074$0$488,074
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$578,736
Program service revenue
$0
Investment income
$40,441
Net income from fundraising events
-$21,432
Net income from sales of inventory
$6,888
Other revenue
-$14,044

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$93,058
Other salaries and wages
$122,088
Salaries, compensation and benefits (total)
$230,999
Professional fundraising fees
$0
Accounting fees
$21,184
Occupancy
$4,530
Travel
$5,100
Depreciation
$1,012
Program services (functional)
$434,554
Management and general (functional)
$149,262
Fundraising (functional)
$85,604

Balance sheet and other

Total assets, start of year
$488,074
Total assets, end of year
$477,316
Total liabilities, end of year
$55,193
Net assets, end of year
$422,123
Land, buildings and equipment
$664
Publicly traded securities
$251,805
Net assets without donor restrictions
$422,123
Gross receipts
$645,760
Employees
7
Volunteers
15
Year formed
2016
State of legal domicile
MI

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
Yvonne WoodrickPresident
Officer
40$95,058
Alec GreenPresident
Trustee or director, Officer
1$0
Kara MasaVice President
Trustee or director, Officer
1$0
Cassie WilforeSecretary
Trustee or director, Officer
1$0
Ufuk TuranTreasurer
Trustee or director, Officer
1$0
Andy McLeanDirector
Trustee or director
1$0
Ryan BrownDirector
Trustee or director
1$0
Martin UchenduDirector
Trustee or director
1$0
Jenell SpindleDirector
Trustee or director
1$0
Andrea ForstyhDirector
Trustee or director
1$0
Chris FarnhamDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
YVONNE WOODRICKFOUNDER/PRES
Officer
40$75,002
ERIC ACHYTESBOARD MEMBER
Trustee or director
2$0
TODD CHASSEEBOARD MEMBER
Trustee or director
2$0
CHRIS FARNHAMBOARD MEMBER
Trustee or director
2$0
ANDREA FORSYTHBOARD MEMBER
Trustee or director
2$0
ALEC GREENBOARD PRESID
Trustee or director, Officer
2$0
KARA MASSAVICE PRESIDE
Trustee or director, Officer
2$0
DOUG MEIJERHONORARY BOA
Trustee or director, Officer
2$0
JENELL SPINDLEBOARD MEMBER
Trustee or director
2$0
MARTIN UCHENDUBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
630 KENMOOR AVE SE, GRAND RAPIDS, MI 49546-8626
Principal officer (990 for 2024)
Yvonne Woodrick, PO Box 822, Ada, MI 49301
Signed the 990
Yvonne Woodrick, President
Phone
(616) 747-0667
Return prepared by
VREDEVELD HAEFNER LLC

Mission

I Understand is a non-profit organization that offers compassionate comfort to those affected by suicide and mental illness.

990 for the year ended December 31, 2024

Program accomplishments

  • See Schedule O
    Expenses $434,554

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
81-3356821
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$477,316
Income (IRS master file)
$645,760

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$605,133$669,420$477,316XML
990December 2023$399,970$251,233$488,074XML
990December 2022$267,222$196,212$347,968IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2018–––IRS
990December 2017–––IRS
990December 2016–––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 81-3356821).

Questions about I UNDERSTAND LOVE HEALS

What is the EIN of I UNDERSTAND LOVE HEALS?
The employer identification number (EIN) of I UNDERSTAND LOVE HEALS is 81-3356821.
Is I UNDERSTAND LOVE HEALS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to I UNDERSTAND LOVE HEALS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does I UNDERSTAND LOVE HEALS 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 I UNDERSTAND LOVE HEALS 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 I UNDERSTAND LOVE HEALS 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 I UNDERSTAND LOVE HEALS?
The 990 for the year ended December 31, 2024 names Yvonne Woodrick.
Who are the officers and directors of I UNDERSTAND LOVE HEALS?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $95,058 (Yvonne Woodrick, President).
How much revenue does I UNDERSTAND LOVE HEALS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $605,133, expenses of $669,420 and total assets of $477,316 at year end.

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