Love 4 One Another Charities Dba Live4love Charities

Nonprofit profile at a glance

EIN
411859729
IRS 990 coverage
2022–2023
Forms available
Form 990 2023, Form 990-PF 2021
Location
Chanhassen, MN, USA
Phone
6128059959
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$275,303
Expenses
$455,237
Assets
$8,534,772
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MAYTE GARCIA (PRESIDENT/DIRECTOR)
  • KIRK JOHNSON (VICE PRESIDENT/TREASURER/DIRECTOR)
  • GILBERT DAVISON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • GILBERT DAVISON (EXECUTIVE DIRECTOR): $81,250 total reported compensation
  • MAYTE GARCIA (PRESIDENT/DIRECTOR): $75,000 total reported compensation
  • KIRK JOHNSON (VICE PRESIDENT/TREASURER/DIRECTOR): $75,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organization's mission or most significant activities helping people up and helping people out. Our aim is to drive better outcomes for humanity through community support by developing and funding charitable causes and individual efforts that are aligned to the core values of the foundation, aimed to inspire, make a positive impact on society, and ultimately create more caring communities.

What it reported doing in 2023

Provide grants to promote music and arts programs

Operating model

Revenue model
Investment-supported. 98% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 84
  • Accountability: 79
  • Sustainability: 40
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.2%; rating input score 44
  • Program expense ratio: 26.1%; rating input score 26
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 86.8%; rating input score 87; 52nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -65.4%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 18.75; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 50.8%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -81.6% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -184.1% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -2.1% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 44.2% of revenue deployed · 26.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $119K in reported program spending
  • Leadership: top reported pay $81K · 3 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • High — Financial Efficiency: Program expense ratio scored 26/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 3/100.