Love Squared Missions INC

Tax-deductible

Franklin, TN501(c)(3)ReligionEIN 46-0503384

To spread the gospel of jesus christ through music to underprivileged communities

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 11 volunteers.
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
1 of 4
filings with a surplus
Average deficit $9K a year · 5% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$858
2% of total assets
Looks good: liabilities are 2% 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
$161K
-34% vs prior year
Spent
$181K
To programs
89%
Net assets
$56K
By yearFY2020–FY2024
Revenue
$161K
FY2024▼ -34%
Revenue by fiscal year
FY2020$187K
FY2022$222K
FY2023$242K
FY2024$161K
Expenses
$181K
FY2024▼ -32%
Expenses by fiscal year
FY2020$152K
FY2022$250K
FY2023$266K
FY2024$181K
Net assets
$56K
FY2024▼ -27%
Net assets by fiscal year
FY2020$101K
FY2022$101K
FY2023$77K
FY2024$56K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2003.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $161K Management & general 7% · $12K Fundraising 5% · $8K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Love Squared Missions 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

Spreads the Gospel of Jesus Christ through music to underprivileged communities.

Provided by the organization

This section is blank until Love Squared Missions INC claims this page.

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1 program service account for $161K of program spending, described in the organization's own filed words · FY2024.
01

To spread the gospel of jesus christ, our lord and savior, through music and evangelizing to underprivileged communities. To provide assistance to families in underpriviledged communities.

$161Kprogram expense

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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 · FY2023
Grp FoundationFY2023$15K
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$161K
Money outPt IX
$181K
Ln 25
Programscol B$161K
Managementcol C$12K
Fundraisingcol D$8K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$55K
Total assetsLn 16$57K
LiabilitiesLn 26$858
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$161K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$55K
Cash and savings togetherLn 1–2$55K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$57K
LiabilitiesLn 26$858
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$74K$55K
Land, buildings, equipmentLn 10c$3K$1K
Total assetsLn 16$77K$57K
LiabilitiesLn 26$9$858
Net assetsLn 32$77K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$67K$67K$0$0
Other employee benefitsLn 9$450$450$0$0
Payroll taxesLn 10$5K$5K$0$0
Accounting feesLn 11c$2K$0$2K$0
Professional fundraising feesLn 11e$8K$8K
Office expensesLn 13$3K$2K$237$0
Information technologyLn 14$7K$7K$0$0
OccupancyLn 16$6K$6K$0$0
TravelLn 17$12K$4K$8K$0
Conferences, conventions and meetingsLn 19$22K$22K$0$0
Payments to affiliatesLn 21$16K$16K$0$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
Other expenses (24a–d)Ln 24$8K$8K$215$0
All other expensesLn 24e$22K$22K$0$0
Total functional expensesLn 25$181K$161K$12K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $161K$181K−$21K$56K 990 PDF
FY2023 $242K$266K−$24K$77K 990 PDF
FY2022 $222K$250K−$28K$101K 990 PDF
FY2021 Not on file
FY2020 $187K$152K$35K$101K 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 $160,721 across 3 lines filed
VIII-1f All other contributions, gifts and grants$160,721
VIII-1h Total contributions, gifts and grants$160,721
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$160,721
Part IX · Statement of functional expenses $181,389 across 14 lines filed
IX-7 Other salaries and wagesPrograms $66,780 · Management $0 · Fundraising $0$66,780
IX-9 Other employee benefitsPrograms $450 · Management $0 · Fundraising $0$450
IX-10 Payroll taxesPrograms $4,800 · Management $0 · Fundraising $0$4,800
IX-11c Accounting feesPrograms $0 · Management $2,351 · Fundraising $0$2,351
IX-11e Professional fundraising feesFundraising $8,442$8,442
IX-13 Office expensesPrograms $2,373 · Management $237 · Fundraising $0$2,610
IX-14 Information technologyPrograms $7,134 · Management $0 · Fundraising $0$7,134
IX-16 OccupancyPrograms $6,000 · Management $0 · Fundraising $0$6,000
IX-17 TravelPrograms $4,414 · Management $7,684 · Fundraising $0$12,098
IX-19 Conferences, conventions and meetingsPrograms $22,300 · Management $0 · Fundraising $0$22,300
IX-21 Payments to affiliatesPrograms $16,000 · Management $0 · Fundraising $0$16,000
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,556 · Fundraising $0$1,556
IX-24 Other expenses (24a–d)Programs $8,209 · Management $215 · Fundraising $0$8,424
IX-24e All other expensesPrograms $22,444 · Management $0 · Fundraising $0$22,444
IX-25 Total functional expensesPrograms $160,904 · Management $12,043 · Fundraising $8,442$181,389
Part X · Balance sheet $56,768 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $73,611$55,348
X-10c Land, buildings and equipment, netStart of year $2,976$1,420
X-16 Total assetsStart of year $76,587$56,768
X-25 Other liabilitiesStart of year $9$858
X-26 Total liabilitiesStart of year $9$858
X-32 Total net assets or fund balancesStart of year $76,578$55,910
X-33 Total liabilities and net assetsStart of year $76,587$56,768
Part XI · Reconciliation of net assets $55,910 net assets at year end
XI-1 Total revenue$160,721
XI-2 Total expenses$181,389
XI-3 Revenue less expenses−$20,668
XI-4 Net assets at start of year$76,578
XI-10 Net assets at end of year$55,910

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

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