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Love Takes Root INC FY2020 filing

Tax-deductible

Spencer, IA501(c)(3)Since 2011Human Services EIN 45-2766894Revenue $234K in FY2020

On file with the IRSlovetakesroot.orgPo Box 885, 51301-0885 · Spencer, IATax-exempt since Oct 2011Publicly supported charity — 170(b)(1)(A)(vi)

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The charitable, educational and humanitarian support of children of the developing world for a sustainable future. The present project is with an orphanage located in haiti. The organization is working to correct the orphanage with basic needs: food, water, shelter and safety.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $63K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
Spent
$187K
To programs
92%
Net assets
$338K
By yearFY2020–FY2025
Revenue
$234K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$234K
FY2021$303K
FY2022$301K
FY2023$327K
FY2024$293K
FY2025$355K
Expenses
$187K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$187K
FY2021$246K
FY2022$309K
FY2023$324K
FY2024$352K
FY2025$316K
Net assets
$338K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$338K
FY2021$395K
FY2022$388K
FY2023$390K
FY2024$331K
FY2025$370K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2011.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $171K Management & general 8% · $16K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Joe Conover
Treasurer
$0Pt VII · Sec A
Mike Koenecke
Secretary
$0Pt VII · Sec A
Edward Skidmore
Vice Preside
$0Pt VII · Sec A
Barbara Wilkerson
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
See Love Takes Root INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides essential needs like food, water, shelter, and safety for children in developing countries.

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Provided by the organization

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1 program · $171K · in their own filed words · FY2020
01

Provide food, blankets, funds for medical expenses, books, cash & supplies to the orphanage in haiti.

$171Kprogram 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
Donor Advised Charitable Giving INCFY2024$38K
Walden Charitable FoundationFY2024$15K
Community Fdn of Greater Des MoinesFY2024$5K
Steve Pearson Foundation INCFY2024$5K
Total grants receivedfrom 4 funders$63K
See all 4 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$239K
Investment incomeLn 3$542
Money outPt IX
$187K
Ln 25
Programscol B$171K
Managementcol C$16K
Owns and owesPt X
$338K
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$338K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$239K
Fundraising eventsLn 1c$35K
Investment incomeLn 3$542
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$233K
Cash and savings togetherLn 1–2$233K
Land, buildings, equipmentLn 10c$105K
Total assetsLn 16$338K
LiabilitiesLn 26$0
Net assetsLn 32$338K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
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 FY20End FY20
Cash and savingsLn 1–2$186K$233K
Land, buildings, equipmentLn 10c$105K$105K
Total assetsLn 16$291K$338K
LiabilitiesLn 26$0$0
Net assetsLn 32$291K$338K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$147K$147K
Legal feesLn 11b$825$825
Accounting feesLn 11c$575$575
Other fees for servicesLn 11g$747$747
Office expensesLn 13$10K$10K
Other expenses (24a–d)Ln 24$27K$24K$4K
All other expensesLn 24e$150$150
Total functional expensesLn 25$187K$171K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $355K$316K$40K$370K 990 PDF
FY2024 $293K$352K−$59K$331K 990 PDF
FY2023 $327K$324K$2K$390K 990 PDF
FY2022 $301K$309K−$8K$388K 990 PDF
FY2021 $303K$246K$57K$395K 990 PDF
FY2020 Viewing $234K$187K$47K$338K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $233,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $254,594$239,453
I-9 Program service revenue$0
I-10 Investment incomePrior year $177$542
I-11 Other revenuePrior year −$5,445−$6,431
I-12 Total revenuePrior year $249,326$233,564
I-13 Grants and similar amounts paidPrior year $166,833$147,499
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,295$39,219
I-18 Total expensesPrior year $187,128$186,718
I-19 Revenue less expensesPrior year $62,198$46,846
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $233,564 across 6 lines filed
VIII-1c Fundraising events$34,536
VIII-1f All other contributions, gifts and grants$204,917
VIII-1h Total contributions, gifts and grants$239,453
VIII-3 Investment incomeExcluded from tax $542$542
VIII-8 Net income from fundraising events−$6,431
VIII-12 Total revenueExcluded from tax $542$233,564
Part IX · Statement of functional expenses $186,718 across 7 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $147,499$147,499
IX-11b Legal feesManagement $825$825
IX-11c Accounting feesManagement $575$575
IX-11g Other fees for servicesManagement $747$747
IX-13 Office expensesManagement $9,612$9,612
IX-24 Other expenses (24a–d)Programs $23,512 · Management $3,798$27,310
IX-24e All other expensesPrograms $150$150
IX-25 Total functional expensesPrograms $171,161 · Management $15,557 · Fundraising $0$186,718
Part X · Balance sheet $338,138 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $186,292$233,138
X-10c Land, buildings and equipment, netStart of year $105,000$105,000
X-16 Total assetsStart of year $291,292$338,138
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $291,292$338,138
X-32 Total net assets or fund balancesStart of year $291,292$338,138
X-33 Total liabilities and net assetsStart of year $291,292$338,138
Part XI · Reconciliation of net assets $338,138 net assets at year end
XI-1 Total revenue$233,564
XI-2 Total expenses$186,718
XI-3 Revenue less expenses$46,846
XI-4 Net assets at start of year$291,292
XI-10 Net assets at end of year$338,138

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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