Love Thy Nerd INC FY2023 filing

Tax-deductible

Oxnard, CA501(c)(3)Human ServicesEIN 82-5500018Revenue $222K in FY2023

On file with the IRSlovethynerd.com3561 N Rose Ave, 93036-1821 · Oxnard, CATax-exempt since Apr 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Love Thy Nerd exists to be the love of Jesus to nerds and nerd culture.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$99K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
0 of 2
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$222K
+27% vs prior year
Spent
$230K
To programs
69%
Net assets
$10K
By yearFY2020–FY2024
Revenue
$222K
FY2023▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$147K
FY2021$175K
FY2022$174K
FY2023$222K
FY2024$296K
Expenses
$230K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$230K
FY2024$300K
Net assets
$10K
FY2023▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2020$18K
FY2021$17K
FY2022$18K
FY2023$10K
FY2024$6K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Apr 2019.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $159K Management & general 31% · $71K

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

4 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
$53,078Pt VII · Sec A
$40,327Pt VII · Sec A
Secretary
$6,063Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Michael Stallcup’s $42K as CEO is at the 29th percentile of top reported officer pay among 2168 $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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael David Stallcup JR———$57,557$29,603
Michael Stallcup$41,849$53,078$49,872——
Matthew Warmbier$36,952$40,327$30,403——
Chris Gwaltney——$13,334$28,467$15,951
Matt Warmbier———$17,235$24,819
April-Lyn Caouette———$9,694$6,605
Kate Kadowaki—$6,063$6,623$3,860$3,360
Andrew Dixon———$5,513$3,964

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.

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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 15aNo

Programs and updates

Shares Christian love with people passionate about nerd culture.

Questions for Love Thy Nerd INC

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Provided by the organization

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3 programs · $159K · in their own filed words · FY2023
01

Missions and partnerships (previously known as convention outreach): in 2023, luke filipiak led 6 mission trips comprised of almost 60 missionaries. We were also able to work with 10 different companies over the year.

$81Kprogram expense
02

Community

In 2023, we saw an increase of 13% in the facebook community in regards to growth and an increase of 5% on discord. Facebook continues to be our biggest area of growth in regards to numbers, with relationships being more meaningful and deeper on discord. Discord also yields a much more active community with events held regularly.

$53Kprogram expense
03

Content

In 2023, LTN content had a great year. We published 191 pieces of written content, compiled 13 resource compendiums on various topics, produced 214 podcast episodes yielding almost 14,000 listens, produced 577 videos with over 31,000 views, and boasted almost 409 days of total listening time on LTN radio.

$24Kprogram 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
Total grants receivedfrom 2 funders$17K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$222K
Ln 12
Gifts and grantsLn 1h$211K
Fees for servicesLn 2g$13K
Money outPt IX
$230K
Ln 25
Programscol B$159K
Managementcol C$71K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$31K
LiabilitiesLn 26$22K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$211K
Fees for servicesLn 2g$13K
Total revenueLn 12$222K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Total assetsLn 16$31K
LiabilitiesLn 26$22K
Net assetsLn 32$10K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$34K$30K
Total assetsLn 16$34K$31K
LiabilitiesLn 26$16K$22K
Net assetsLn 32$18K$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants to domestic individualsLn 2$5K$5K
Pay of current officers, directors and key staffLn 5$99K$69K$30K
Other salaries and wagesLn 7$1K$541$716
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$44K$40K$4K
Advertising and promotionLn 12$4K$3K$500
Office expensesLn 13$7K$4K$3K
Information technologyLn 14$3K$1K$2K
TravelLn 17$34K$25K$9K
InsuranceLn 23$280$280
Other expenses (24a–d)Ln 24$19K$9K$10K
All other expensesLn 24e$1K$448$1K
Total functional expensesLn 25$230K$159K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $296K$300K−$4K$6K 990 PDF
FY2023 Viewing $222K$230K−$8K$10K 990 PDF
FY2022 $174K$18K 990 PDF
FY2021 $175K$17K 990 PDF
FY2020 $147K$18K 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 FY2023 990 (6 parts)
Part I · Summary $221,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $162,724$211,244
I-9 Program service revenuePrior year $13,310$13,489
I-10 Investment income$0
I-11 Other revenuePrior year −$1,773−$2,891
I-12 Total revenuePrior year $174,261$221,842
I-13 Grants and similar amounts paidPrior year $7,612$5,683
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,227$104,882
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $101,930$119,577
I-18 Total expensesPrior year $173,769$230,142
I-19 Revenue less expensesPrior year $492−$8,300
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $221,842 across 5 lines filed
Lines not itemized here account for −$2,945 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$211,244
VIII-1h Total contributions, gifts and grants$211,244
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,489$13,489
VIII-8 Net income from fundraising events$54
VIII-12 Total revenueRelated to mission $10,544$221,842
Part IX · Statement of functional expenses $230,142 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,137$1,137
IX-2 Grants to domestic individualsPrograms $4,546$4,546
IX-5 Pay of current officers, directors and key staffPrograms $69,031 · Management $30,437$99,468
IX-7 Other salaries and wagesPrograms $541 · Management $716$1,257
IX-10 Payroll taxesManagement $4,157$4,157
IX-11b Legal feesManagement $1,141$1,141
IX-11c Accounting feesManagement $5,351$5,351
IX-11g Other fees for servicesPrograms $40,345 · Management $3,825$44,170
IX-12 Advertising and promotionPrograms $3,022 · Management $500$3,522
IX-13 Office expensesPrograms $3,877 · Management $2,812$6,689
IX-14 Information technologyPrograms $1,269 · Management $1,774$3,043
IX-17 TravelPrograms $25,361 · Management $9,138$34,499
IX-23 InsuranceManagement $280$280
IX-24 Other expenses (24a–d)Programs $9,124 · Management $10,293$19,417
IX-24e All other expensesPrograms $448 · Management $1,017$1,465
IX-25 Total functional expensesPrograms $158,701 · Management $71,441 · Fundraising $0$230,142
Part X · Balance sheet $31,353 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $33,662$29,545
X-4 Accounts receivableStart of year $239$91
X-9 Prepaid expenses and deferred charges$1,717
X-16 Total assetsStart of year $33,989$31,353
X-17 Accounts payable and accrued expensesStart of year $16,067$21,731
X-26 Total liabilitiesStart of year $16,067$21,731
X-27 Net assets without donor restrictionsStart of year $17,922$9,622
X-32 Total net assets or fund balancesStart of year $17,922$9,622
X-33 Total liabilities and net assetsStart of year $33,989$31,353
Part XI · Reconciliation of net assets $9,622 net assets at year end
XI-1 Total revenue$221,842
XI-2 Total expenses$230,142
XI-3 Revenue less expenses−$8,300
XI-4 Net assets at start of year$17,922
XI-10 Net assets at end of year$9,622

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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