Love Army FY2020 filing

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 82-2274942Revenue $4K in FY2020

On file with the IRSCo Ags 200 Park Ave South 8th Flr, 10003-0000 · New York, NYTax-exempt since Feb 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Love Army is a nonprofit organization founded with the purpose of giving everyone in the world an opportunity to solve problems with compassion, to create miracles, and to empower humanity. Love Army has a network comprised of social media influencers from all over the world, who help to DO good for others and fundraise for causes near and dear to their hearts.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
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
2 of 5
filings with a surplus
Average deficit $212K a year · 25807% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
Spent
$1.0M
To programs
100%
Net assets
$84K
By yearFY2020–FY2024
Revenue
$4K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4K
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$21K
FY2022$18K
FY2023$0
FY2024$0
Net assets
$84K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$84K
FY2021$63K
FY2022$45K
FY2023$45K
FY2024$45K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.0M Management & general 0% · $1K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
President/Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Love Army 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers people globally to solve problems compassionately and create miracles through influencer-led fundraising.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2020
01

The first project undertaken by love army was to raise funds for the current famine crisis in rohingya, somlia and mexico, mainly through the use of social media and the influencer network of love army.

$1.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $231K · 2020–2020
AlightMN · FY2020$231,006

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4K
Ln 12
Gifts and grantsLn 1h$4K
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Managementcol C$1K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$37K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$1.1M$84K
LiabilitiesLn 26$145$0
Net assetsLn 32$1.1M$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$231K$231K
Depreciation, depletion and amortizationLn 22$1K$583$583
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$792K$791K$537
Total functional expensesLn 25$1.0M$1.0M$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0$0$45K 990 PDF
FY2023 $0$0$0$45K 990 PDF
FY2022 $0$18K−$18K$45K 990 PDF
FY2021 $0$21K−$21K$63K 990 PDF
FY2020 Viewing $4K$1.0M−$1.0M$84K 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 FY2020 990 (6 parts)
Part I · Summary $4,113 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,840$4,113
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $20,000$0
I-12 Total revenuePrior year $92,840$4,113
I-13 Grants and similar amounts paidPrior year $0$231,006
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,139,480$795,131
I-18 Total expensesPrior year $1,139,480$1,026,137
I-19 Revenue less expensesPrior year −$1,046,640−$1,022,024
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $4,113 across 3 lines filed
VIII-1f All other contributions, gifts and grants$4,113
VIII-1h Total contributions, gifts and grants$4,113
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,113
Part IX · Statement of functional expenses $1,026,137 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $231,006$231,006
IX-22 Depreciation, depletion and amortizationPrograms $583 · Management $583$1,166
IX-23 InsurancePrograms $2,215$2,215
IX-24 Other expenses (24a–d)Programs $791,213 · Management $537$791,750
IX-25 Total functional expensesPrograms $1,025,017 · Management $1,120 · Fundraising $0$1,026,137
Part X · Balance sheet $84,233 assets, 7 lines filed
Asset lines not itemized here account for $44,843; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,102,905$37,058
X-10c Land, buildings and equipment, netStart of year $3,498$2,332
X-16 Total assetsStart of year $1,106,403$84,233
X-26 Total liabilitiesStart of year $145$0
X-27 Net assets without donor restrictionsStart of year $1,106,258$84,233
X-32 Total net assets or fund balancesStart of year $1,106,258$84,233
X-33 Total liabilities and net assetsStart of year $1,106,403$84,233
Part XI · Reconciliation of net assets $84,233 net assets at year end
XI-1 Total revenue$4,113
XI-2 Total expenses$1,026,137
XI-3 Revenue less expenses−$1,022,024
XI-4 Net assets at start of year$1,106,258
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$84,233

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

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