Nonprofit · EIN 85-0545577
THE LOVEBOLT
Also known as WEWILL
Tax-exempt · CHARLOTTE, NC 28207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $21,500 | $61,353 | -$39,853 | $145,712 | $4,618 | $141,094 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $21,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $28,141
- Salaries, compensation and benefits (total)
- $29,226
- Professional fundraising fees
- $0
- Program services (functional)
- $61,353
Balance sheet and other
- Total assets, start of year
- $175,971
- Total assets, end of year
- $145,712
- Total liabilities, end of year
- $4,618
- Net assets, end of year
- $141,094
- Net assets without donor restrictions
- $141,094
- Gross receipts
- $21,500
- Employees
- 1
- Volunteers
- 20
- Year formed
- 2020
- State of legal domicile
- NC
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TARA SANCHEZ | PREVIOUS EXE Officer | 20 | $37,500 |
| HENRY DAVIS | EXECUTIVE DI Officer | 20 | $8,750 |
| TED GARNER | CHAIR Trustee or director, Officer | 1 | $0 |
| PEGGY BITLER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| KRISTOPHER SMITH | TREASURER Trustee or director, Officer | 1 | $0 |
| BARBARA ROBINSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANNE CARTER SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| THADDEUS JONES | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 518 HERMITAGE RD, CHARLOTTE, NC 28207-1844
- In care of
- % KATHERINE GARNER
- Principal officer (990 for 2023)
- HENRY DAVIS, PO BOX 5381, CHARLOTTE, NC 28299
- Signed the 990
- HENRY DAVIS, EXECUTIVE DIRECTOR
- Phone
- (704) 975-4415
- Website
- LOVEBOLT.ORG
- Return prepared by
- CARTER P C
Mission
TO USE ART AND SHARED PASSIONS TO BRING PEOPLE TOGETHER ACROSS RACIAL AND SOCIO-ECONOMIC BARRIERS.
Program accomplishments
- THE LOVEBOLT IS A SOCIAL IMPACT ORGANIZATION THAT USES ART AND SHARED PASSIONS TO BRING PEOPLE TOGETHER ACROSS RACIAL AND SOCIO-ECONOMIC BARRIERS. FOR YEARS, HOUSING DISCRIMINATION, REDLINING, AND OTHER FORMS OF SYSTEMATIC OPPRESSION HAVE KEPT US RACIALLY DIVIDED. THE LOVEBOLT PROJECT AIMS TO CONNECT US AT A HUMAN LEVEL, DEEPENING OUR UNDERSTANDING OF OTHERS AND INSPIRING UPLIFTING CHANGE.Expenses $61,353
- N/A
- N/A
- N/A
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0545577
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Civil rights, social action and advocacy (R30)
- Assets (IRS master file)
- $145,712
- Income (IRS master file)
- $21,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $21,500 | $61,353 | $145,712 | XML |
| 990 | December 2022 | $26,353 | $30,779 | $175,971 | IRS |
| 990 | December 2021 | – | – | – | 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 85-0545577).
Questions about THE LOVEBOLT
- What is the EIN of THE LOVEBOLT?
- The employer identification number (EIN) of THE LOVEBOLT is 85-0545577.
- Is THE LOVEBOLT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to THE LOVEBOLT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LOVEBOLT file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE LOVEBOLT 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 THE LOVEBOLT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of THE LOVEBOLT?
- The 990 for the year ended December 31, 2023 names HENRY DAVIS.
- Who are the officers and directors of THE LOVEBOLT?
- The 990 for the year ended December 31, 2023 lists 8 people; 2 received compensation from the organization, the highest $37,500 (TARA SANCHEZ, PREVIOUS EXE).
- How much revenue does THE LOVEBOLT have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $21,500, expenses of $61,353 and total assets of $145,712 at year end.
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