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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-4298617

LOTS OF LOVE FOUNDATION INC

Tax-exempt · SARASOTA, FL 34230

Financials

$16K$24K2022$22K$48K2023
Revenue Expenses · by fiscal year end
Financials of LOTS OF LOVE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
November 30, 2024990$21,810$48,066-$26,256$445,532$0$445,532
November 30, 2023990$16,073$24,155-$8,082$471,788$0$471,788
Financial details: 990 for the year ended November 30, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$21,810
Net gain from sales of assets
$10,000
Other revenue
$0

Expenses

Grants and similar amounts paid
$47,400
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$511
Program services (functional)
$47,400
Management and general (functional)
$666

Balance sheet and other

Total assets, start of year
$471,788
Total assets, end of year
$445,532
Total liabilities, end of year
$0
Net assets, end of year
$445,532
Publicly traded securities
$150,000
Gross receipts
$121,810
Employees
0
Volunteers
0
Year formed
2020
State of legal domicile
FL

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 November 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
RONALD A SHUGARDIRECTOR & CHAIRMAN
Trustee or director, Officer
1$0
PATRICK R LEWISDIRECTOR & TREASURER
Trustee or director, Officer
0.5$0
JO ANNE MARSDIRECTOR & SECRETARY
Trustee or director, Officer
0.5$0
990 for the year ended November 30, 2023: 3 people
NameTitleHours / weekCompensation
RONALD A SHUGARDIRECTOR & CHAIRMAN
Trustee or director, Officer
1$0
PATRICK R LEWISDIRECTOR & TREASURER
Trustee or director, Officer
0.5$0
JO ANNE MARSDIRECTOR & SECRETARY
Trustee or director, Officer
0.5$0

Address and contacts

Address (IRS master file)
PO BOX 3676, SARASOTA, FL 34230-3676
Principal officer (990 for 2023)
RONALD A SHUGAR, 127 S PINEAPPLE AVENUE, SARASOTA, FL 34236
Signed the 990
RONALD A SHUGAR, PRESIDENT
Phone
(310) 422-5211
Return prepared by
LAWRENCE & LEWIS LLP

Mission

CHARITABLE AND EDUCATION, INCLUDING MAKING CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

990 for the year ended November 30, 2024

Program accomplishments

  • ORGANIZATION HAS NOT ACCOMPLISHED ANY SERVICE PROGRAMS.
    Expenses $47,400 · grants $47,400

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 November, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2024November 30, 2025April 15, 2026Not on file
2023November 30, 2024April 15, 2025990 on file
2022November 30, 2023April 15, 2024990 on file

File the 2024 990-EZ for LOTS OF LOVE FOUNDATION INC

Due April 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-4298617
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
2022
Accounting year ends
November
Files
Form 990 or 990-EZ
Category (NTEE)
Animal-related (D20)
Assets (IRS master file)
$445,532
Income (IRS master file)
$121,810

Filing history

FormYear endedRevenueExpensesAssetsReturn
990November 2024$21,810$48,066$445,532XML
990November 2023$16,073$24,155$471,788IRS
990November 2022$0$25,065$479,870IRS
990November 2021$505,000$65$504,935IRS

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 85-4298617).

Questions about LOTS OF LOVE FOUNDATION INC

What is the EIN of LOTS OF LOVE FOUNDATION INC?
The employer identification number (EIN) of LOTS OF LOVE FOUNDATION INC is 85-4298617.
Is LOTS OF LOVE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to LOTS OF LOVE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LOTS OF LOVE 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 LOTS OF LOVE FOUNDATION INC due?
The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOTS OF LOVE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended November 2024.
Who is the principal officer of LOTS OF LOVE FOUNDATION INC?
The 990 for the year ended November 30, 2024 names RONALD A SHUGAR.
Who are the officers and directors of LOTS OF LOVE FOUNDATION INC?
The 990 for the year ended November 30, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does LOTS OF LOVE FOUNDATION INC have?
On its 990 for the year ended November 30, 2024 it reported revenue of $21,810, expenses of $48,066 and total assets of $445,532 at year end.

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