Nonprofit · EIN 83-3421375
LOVELAND FOUNDATION INC
Also known as LOVELAND FOUNDATION
Tax-exempt · BROOKLYN, NY 11215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $4,006,756 | $4,343,662 | -$336,906 | $23,555,960 | $171,523 | $23,384,437 |
| December 31, 2023 | 990 | $4,978,494 | $5,049,042 | -$70,548 | $23,993,558 | $165,011 | $23,828,547 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,173,495
- Program service revenue
- $0
- Investment income
- $833,261
- Net gain from sales of assets
- $396
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $370,000
- Other salaries and wages
- $323,679
- Salaries, compensation and benefits (total)
- $821,224
- Professional fundraising fees
- $0
- Legal fees
- $26,108
- Accounting fees
- $264,000
- Occupancy
- $51,781
- Travel
- $93,033
- Program services (functional)
- $3,266,029
- Management and general (functional)
- $976,117
- Fundraising (functional)
- $101,516
Balance sheet and other
- Total assets, start of year
- $23,993,558
- Total assets, end of year
- $23,555,960
- Total liabilities, end of year
- $171,523
- Net assets, end of year
- $23,384,437
- Publicly traded securities
- $16,803,685
- Net assets without donor restrictions
- $23,384,437
- Gross receipts
- $4,006,756
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- NY
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 |
|---|---|---|---|
| SHARLENE KEMLER | CHIEF EXECUTIVE OFFICER Key employee, Highest-paid employee | 50 | $247,697 |
| RACHLE CARGLE | PRESIDENT Trustee or director, Officer | 2 | $120,000 |
| JOE DAVIS IV | TREASURER Trustee or director, Officer | 2 | $0 |
| DONITA VOLKWIJN | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARLENE KEMLER | CHIEF EXECUTIVE OFFICER Key employee, Highest-paid employee | 50 | $250,000 |
| RACHLE CARGLE | PRESIDENT Trustee or director, Officer | 2 | $120,000 |
| JOE DAVIS IV | TREASURER Trustee or director, Officer | 2 | $0 |
| DONITA VOLKWIJN | SECRETARY Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 320 7TH AVE 263, BROOKLYN, NY 11215-4194
- In care of
- %
- Principal officer (990 for 2024)
- SHARLENE SHORTT, 320 7TH AVENUE, BROOKLYN, NY 11215
- Signed the 990
- SHARLENE SHORTT, CEO
- Phone
- (718) 928-8893
- Website
- THELOVELANDFOUNDATION.ORG
- Return prepared by
- ZD Financial Services
Mission
MISSION STATEMENT The Loveland Foundation Inc. was formed for the purpose of showing up for communities of color in unique and powerful ways, with a particular focus on Black women and girls.
Program accomplishments
- THERAPY FUND LOVELAND THERAPY FUND RECIPIENTS WILL HAVE ACCESS TO COMPREHENSIVE LISTS OF MENTAL HEALTH PROFESSIONALS ACROSS THE COUNTRY PROVIDING HIGH QUALITY, CULTURALLY COMPETENT SERVICES TO BLACK WOMEN AND GIRLS.Expenses $3,266,029
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
- 83-3421375
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R20)
- Assets (IRS master file)
- $23,555,960
- Income (IRS master file)
- $4,006,756
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,006,756 | $4,343,662 | $23,555,960 | IRS |
| 990 | December 2023 | $4,978,494 | $5,049,042 | $23,993,558 | XML |
| 990 | December 2022 | $4,559,065 | $3,812,657 | $24,012,469 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 83-3421375).
Questions about LOVELAND FOUNDATION INC
- What is the EIN of LOVELAND FOUNDATION INC?
- The employer identification number (EIN) of LOVELAND FOUNDATION INC is 83-3421375.
- Is LOVELAND FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to LOVELAND FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVELAND FOUNDATION 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 LOVELAND FOUNDATION 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 LOVELAND FOUNDATION 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 LOVELAND FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SHARLENE SHORTT.
- Who are the officers and directors of LOVELAND FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $247,697 (SHARLENE KEMLER, CHIEF EXECUTIVE OFFICER).
- How much revenue does LOVELAND FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,006,756, expenses of $4,343,662 and total assets of $23,555,960 at year end.
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All nonprofits in BROOKLYN · New York · Civil rights, social action and advocacy