Love INC of the Cedar Valley EIN 27-1344755

Love INC of the Cedar Valley

EIN  27-1344755 Public charity (501(c)(3)) Cedar Falls, IA
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Love INC of the Cedar Valley claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Offers financial and spiritual aid to community members.
Leadership
Glen Keith · Executive Director · $54K
Money in and out
$393K revenue, $373K expenses
Bottom line
70% program efficiency

Offers financial and spiritual aid to community members. For fiscal year 2024 it reported $393K in revenue, $373K in expenses, and $222K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$393K
Pt VIII · Ln 12
Total expenses
$373K
Pt IX · Ln 25
Net assets
$222K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program efficiency
70%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▼ -5% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$393K
FY2024▲ +15%
Expenses
$373K
FY2024▲ +15%
Total assets
$229K
FY2024▲ +8%
Total liabilities
$6K
FY2024▼ -29%
Total revenue
$393K
Pt VIII · Ln 12
Total expenses
$373K
Pt IX · Ln 25
Net assets
$222K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$229K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2024.
01

To provide financial and spiritual support to members of the community

$261Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLove INC of the Cedar Valley
EINHdr · item D27-1344755
Principal addressHdr · item CCedar Falls, IA
WebsiteHdr · item Jwww.loveinccv.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFMar 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$54,000Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Glen Keith’s $54K as Executive Director is at the 43rd percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Glen Keith$54,000$12,331
Jenny Nelson$27,030$51,000
Erin Tink$50,979$45,481
Paige Price$35,690$32,923
Kelly Voss$34,718
Erin Tink Jan - Aug$30,714
Jenny Nelson Oct - Dec$12,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Love INC of the Cedar Valley executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$228K · 58%
Other revenue$162K · 41%
Investment income$3K · 1%
Contributions & grants58%$228K
Other revenue41%$162K
Investment income1%$3K
Total revenueLn 12$393K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program services70%$261K
Management & general23%$86K
Fundraising7%$25K
Total functional expensesLn 25$373K

Balance Sheet

Part X · end of year
CashLn 1$229K
Total assetsLn 16$229K
Total liabilitiesLn 26$6K
Total net assetsLn 32$222K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $229K · Operating expenses/yr $373K
7.4 months
Where the money goes
Program services
Program services $261K · Total expenses $373K
70%
Management & General
Management & general $86K · Total expenses $373K
23%
Fundraising
Fundraising $25K · Total expenses $373K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $24K · Solicited contributions (3-yr avg) $221K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $228K · Total revenue $393K
58%
Government reliance
Government grants — · Total revenue $393K
Earned-income share
Program service revenue $0 · Total revenue $393K
0%
Investment reliance
Investment income $3K · Total revenue $393K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $373K
0%
Growth & trend
Revenue growth (YoY)
This year $393K · Prior year $342K
+15%
Revenue CAGR
FY2019 $220K · FY2024 $393K
+12%
Net-asset trend (YoY)
End of year $222K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $393K · Expenses $373K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $229K
Net-asset ratio
Net assets $222K · Total assets $229K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $229K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Glen Keith · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $54K · Total expenses $373K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $228K · Total expenses $373K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 23%
Fundraising cost ratio 11%
Revenue growth 15%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Love INC of the Cedar Valley →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$393K revenue · viewing · ⤓ 990 PDF
FY2023$342K revenue · ⤓ 990 PDF
FY2022$284K revenue · ⤓ 990 PDF
FY2021$225K revenue · ⤓ 990 PDF
FY2020$251K revenue · ⤓ 990 PDF
FY2019$220K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.