Loveway Incorporated

Tax-deductible

Middlebury, IN501(c)(3)Health CareEIN 35-1326709

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Empowering the lives of individuals with disabilities through compassionate equine assisted services.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 189 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $256K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 8% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $213K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+14% vs prior year
Spent
$918K
To programs
67%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +14%
Revenue by fiscal year
FY2020$1.4M
FY2021$774K
FY2022$1.1M
FY2023$1.1M
FY2024$1.3M
Expenses
$918K
FY2024▼ -13%
Expenses by fiscal year
FY2020$1.1M
FY2021$565K
FY2022$804K
FY2023$1.1M
FY2024$918K
Net assets
$3.3M
FY2024▲ +13%
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.8M
FY2023$3.0M
FY2024$3.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $618K Management & general 18% · $162K Fundraising 15% · $138K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$74,375Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shelley Becker’s $74K as Executive Di is at the 10th percentile of top reported officer pay among 3128 $1–10M health care 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shelley Becker$74,375$73,303$67,653——
Shelley R Becker———$61,540$60,541

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 Loveway Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides compassionate equine-assisted services to empower individuals with disabilities.

Provided by the organization

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1 program · $618K · in their own filed words · FY2024
01

1.ADAPTIVE riding - teaches horsemanship and adaptive riding skills to elementary-aged participants with disabilities that can positively impact their development physically, cognitively, emotionally, and socially.

$618Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$127K
Fees for servicesLn 2g$6K
Money outPt IX
$918K
Ln 25
Programscol B$618K
Managementcol C$162K
Fundraisingcol D$138K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$808K
Total assetsLn 16$3.3M
LiabilitiesLn 26$10K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$50K
Fundraising eventsLn 1c$801K
Fees for servicesLn 2g$6K
Investment incomeLn 3$127K
Gains on assetsLn 7$33K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$808K
Cash and savings togetherLn 1–2$808K
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$310K
Total assetsLn 16$3.3M
LiabilitiesLn 26$10K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 520
VolunteersI 6189
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$526K$808K
InvestmentsLn 11–13$2.1M$2.2M
Land, buildings, equipmentLn 10c$343K$310K
Total assetsLn 16$3.0M$3.3M
LiabilitiesLn 26$3K$10K
Net assetsLn 32$3.0M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K$19K$37K$19K
Other salaries and wagesLn 7$491K$369K$53K$69K
Other employee benefitsLn 9$45K$34K$5K$6K
Payroll taxesLn 10$42K$32K$5K$6K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$13K$2K$12K
Office expensesLn 13$16K$13K$2K
OccupancyLn 16$38K$32K$6K$384
TravelLn 17$295$295
Conferences, conventions and meetingsLn 19$3K$3K$344
Depreciation, depletion and amortizationLn 22$55K$44K$11K
InsuranceLn 23$44K$34K$10K
Other expenses (24a–d)Ln 24$90K$48K$18K$25K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$918K$618K$162K$138K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$918K$354K$3.3M 990 PDF
FY2023 $1.1M$1.1M$66K$3.0M 990 PDF
FY2022 $1.1M$804K$335K$2.8M 990 PDF
FY2021 $774K$565K$209K$2.6M 990 PDF
FY2020 $1.4M$1.1M$315K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,271,161 across 10 lines filed
Lines not itemized here account for $9,700 of total revenue; see the IRS return.
VIII-1c Fundraising events$800,778
VIII-1f All other contributions, gifts and grants$357,411
VIII-1g Noncash contributions (included above)$49,609
VIII-1h Total contributions, gifts and grants$1,158,189
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,984$5,984
VIII-3 Investment incomeExcluded from tax $94,057$94,057
VIII-7 Net gain or loss on sales of assetsRelated to mission $33,149$33,149
VIII-8 Net income from fundraising eventsExcluded from tax −$66,536−$66,536
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,618$36,618
VIII-12 Total revenueRelated to mission $75,751 · Excluded from tax $37,221$1,271,161
Part IX · Statement of functional expenses $917,629 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $18,594 · Management $37,188 · Fundraising $18,594$74,376
IX-7 Other salaries and wagesPrograms $369,472 · Management $52,810 · Fundraising $68,515$490,797
IX-9 Other employee benefitsPrograms $34,177 · Management $4,885 · Fundraising $6,338$45,400
IX-10 Payroll taxesPrograms $31,581 · Management $4,514 · Fundraising $5,856$41,951
IX-11g Other fees for servicesManagement $3,557$3,557
IX-12 Advertising and promotionPrograms $1,651 · Fundraising $11,555$13,206
IX-13 Office expensesManagement $13,405 · Fundraising $2,366$15,771
IX-16 OccupancyPrograms $31,870 · Management $6,144 · Fundraising $384$38,398
IX-17 TravelPrograms $295$295
IX-19 Conferences, conventions and meetingsPrograms $2,782 · Management $344$3,126
IX-22 Depreciation, depletion and amortizationPrograms $44,048 · Management $11,009$55,057
IX-23 InsurancePrograms $33,999 · Management $10,155$44,154
IX-24 Other expenses (24a–d)Programs $47,862 · Management $17,958 · Fundraising $24,516$90,336
IX-24e All other expensesPrograms $1,205$1,205
IX-25 Total functional expensesPrograms $617,536 · Management $161,969 · Fundraising $138,124$917,629
Part X · Balance sheet $3,333,529 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $526,333$808,455
X-10c Land, buildings and equipment, netStart of year $343,351$309,539
X-11 Publicly traded securitiesStart of year $1,792,552$1,881,701
X-13 Program-related investmentsStart of year $293,910$333,834
X-16 Total assetsStart of year $2,956,146$3,333,529
X-17 Accounts payable and accrued expensesStart of year $3,095$9,653
X-26 Total liabilitiesStart of year $3,095$9,653
X-27 Net assets without donor restrictionsStart of year $2,953,051$3,323,876
X-32 Total net assets or fund balancesStart of year $2,953,051$3,323,876
X-33 Total liabilities and net assetsStart of year $2,956,146$3,333,529
Part XI · Reconciliation of net assets $3,323,876 net assets at year end
XI-1 Total revenue$1,271,161
XI-2 Total expenses$917,629
XI-3 Revenue less expenses$353,532
XI-4 Net assets at start of year$2,953,051
XI-5 Net unrealized gains (losses) on investments$17,293
XI-10 Net assets at end of year$3,323,876

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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