Love Reality INC

Tax-deductible

Chattanooga, TN501(c)(3)Since 2019ReligionEIN 84-2822159

To educate and equip attendees who are mentored to become disciplemakers and speakers in a scalable manner to share the message of jesus christ in neutral venues.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $11K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 86% of spending
Top officer’s pay lower than 66% of similar orgs
Concern: pay to officers and key staff is 86% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
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
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$130K
-30% vs prior year
Spent
$108K
To programs
53%
Net assets
$119K
By yearFY2020–FY2025
Revenue
$130K
FY2025▼ -30%
Revenue by fiscal year
FY2020$82K
FY2021$183K
FY2022$185K
FY2023$239K
FY2024$186K
FY2025$130K
Expenses
$108K
FY2025▼ -51%
Expenses by fiscal year
FY2020$79K
FY2021$138K
FY2022$173K
FY2023$222K
FY2024$219K
FY2025$108K
Net assets
$119K
FY2025▲ +22%
Net assets by fiscal year
FY2020$55K
FY2021$101K
FY2022$113K
FY2023$130K
FY2024$97K
FY2025$119K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2020.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $57K Management & general 47% · $51K

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

Who runs it and what they're paid

6 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
$35,400Pt VII · Sec A
$29,700Pt VII · Sec A
$16,900Pt VII · Sec A
$10,500Pt VII · Sec A
Secretary /T
$0Pt VII · Sec A
$0Pt VII · Sec A

Richard Young’s $35K as Cco is at the 34th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jonathan Leonardo$10,500$700——$47,078
Eduardo Cornejo—$42,000$33,700$18,350—
Richard Young$35,400$36,000$30,088——
Justin Khoe$29,700————
Eddie Cornejo$16,900————
Tyler Morrison———$605—

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

Trains and equips people to share the message of Jesus Christ in public spaces.

Provided by the organization

This section is blank until Love Reality INC claims this page.

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1 program service, described in the organization's own filed words · FY2025.
01

Love reality continued its mission of fostering community, spiritual formation, and personal growth through gatherings, educational content, and collaborative initiatives throughout the year. The organization facilitated in-person and online opportunities for participants to engage in teaching, discussion, and community building.

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$130K
Ln 12
Gifts and grantsLn 1h$116K
Investment incomeLn 3$14K
Money outPt IX
$108K
Ln 25
Programscol B$57K
Managementcol C$51K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$119K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Government grantsLn 1e$9K
Investment incomeLn 3$14K
Total revenueLn 12$130K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Other assetsLn 15$88K
Total assetsLn 16$119K
LiabilitiesLn 26$0
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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 FY25End FY25
Cash and savingsLn 1–2$23K$31K
Total assetsLn 16$97K$119K
LiabilitiesLn 26$0$0
Net assetsLn 32$97K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$150$150
Other fees for servicesLn 11g$105K$56K$48K
Advertising and promotionLn 12$255$255
Office expensesLn 13$3K$115$2K
TravelLn 17$207$207
Total functional expensesLn 25$108K$57K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $130K$108K$22K$119K 990 PDF
FY2024 $186K$219K−$33K$97K 990 PDF
FY2023 $239K$222K$17K$130K 990 PDF
FY2022 $185K$173K$12K$113K 990 PDF
FY2021 $183K$138K$46K$101K 990 PDF
FY2020 $82K$79K$3K$55K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $129,691 across 5 lines filed
VIII-1e Government grants$9,350
VIII-1f All other contributions, gifts and grants$106,828
VIII-1h Total contributions, gifts and grants$116,178
VIII-3 Investment incomeRelated to mission $13,513$13,513
VIII-12 Total revenueRelated to mission $13,513$129,691
Part IX · Statement of functional expenses $108,013 across 5 lines filed
IX-11b Legal feesManagement $150$150
IX-11g Other fees for servicesPrograms $56,374 · Management $48,487$104,861
IX-12 Advertising and promotionPrograms $255$255
IX-13 Office expensesPrograms $115 · Management $2,425$2,540
IX-17 TravelManagement $207$207
IX-25 Total functional expensesPrograms $56,744 · Management $51,269 · Fundraising $0$108,013
Part X · Balance sheet $118,782 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $23,104$31,269
X-15 Other assetsStart of year $74,000$87,513
X-16 Total assetsStart of year $97,104$118,782
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $97,104$118,782
X-32 Total net assets or fund balancesStart of year $97,104$118,782
X-33 Total liabilities and net assetsStart of year $97,104$118,782
Part XI · Reconciliation of net assets $118,782 net assets at year end
XI-1 Total revenue$129,691
XI-2 Total expenses$108,013
XI-3 Revenue less expenses$21,678
XI-4 Net assets at start of year$97,104
XI-10 Net assets at end of year$118,782

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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