Nonprofit · EIN 92-1470102
LOVE IS FREE INC
Tax-exempt · GLEN BURNIE, MD 21060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $28,800 | $29,792 | -$992 | $2,523 | $0 | $2,523 |
| December 31, 2023 | 990-EZ | $22,717 | $19,202 | $3,515 | $3,515 | $0 | $3,515 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $28,800
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $29,792
- Program services (functional)
- $28,655
Balance sheet and other
- Total assets, start of year
- $3,515
- Total assets, end of year
- $2,523
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,523
- Cash, savings and investments
- $2,523
- Gross receipts
- $28,800
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yancy L Cobb | President | 2 | $0 |
| Yancy L Cobb II | Director | 0.5 | $0 |
| Anthony Mitchell | Director | 0.5 | $0 |
| Jalen Cobb | Secretary | 0.5 | $0 |
| Daniel L Dorsey II | Treasurer | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yancy L Cobb | President | 0 | $0 |
| Yancy L Cobb II | Director | 0 | $0 |
| Anthony Mitchell | Director | 0 | $0 |
| Jalen Cobb | Secretary | 0 | $0 |
| Daniel L Dorsey II | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 208 SALTGRASS DR, GLEN BURNIE, MD 21060-7585
- In care of
- % YANCY L COBB
- Signed the 990-EZ
- YANCY L COBB, President
- Return prepared by
- Advance Business Services LLC
Mission
To Provide Goods to the Less Fortunate
Program accomplishments
- Donated clothes to children and homeless. Clothes were distributed at homeless shelters and youth clubs. Over 100 people were provided coats, shoes, and bookbags.Expenses $7,544
- Donated food during four local events for the youth. Nearly 50 students benefitted from each event. Donated over 300lbs of food to the homeless shelter during a food drive.Expenses $5,029
- Donated Assistance For Housing. An individual was selected based on circumstance, initiatives to help others and various other contributions to society.Expenses $9,000
- Other program servicesExpenses $7,082
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 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-1470102
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Employment (J20)
- Assets (IRS master file)
- $2,523
- Income (IRS master file)
- $28,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $28,800 | $29,792 | $2,523 | XML |
| 990-EZ | December 2023 | $22,717 | $19,202 | $3,515 | XML |
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 92-1470102).
Questions about LOVE IS FREE INC
- What is the EIN of LOVE IS FREE INC?
- The employer identification number (EIN) of LOVE IS FREE INC is 92-1470102.
- Is LOVE IS FREE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LOVE IS FREE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVE IS FREE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LOVE IS FREE 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 IS FREE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of LOVE IS FREE INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LOVE IS FREE INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $28,800, expenses of $29,792 and total assets of $2,523 at year end.
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