The Love Grows Program Inc

Nonprofit profile at a glance

EIN
854066033
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Cincinnati, OH, USA
Phone
5133253156
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$125,811
Expenses
$127,322
Assets
$76,311
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MEGAN SCHROEDER (PRESIDENT)
  • LIBBY STULTS (VICE PRESIDENT)

People named in this filing

  • SOPHIE ROOS (TRUSTEE)
  • RYAN NOTVEST (TRUSTEE)
  • FREDERICK MCCRAY II (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The love grows program provides full-time, tuition-free, high quality early childhood education to cincinnati families that are experiencing poverty. In addition, the program values the whole child, which includes the family unit. Because of that, we offer a resource room, clothing pantry, laundry, job training, as well as financial assistance. The program aims to increase student and family success by providing individualized support for each unique situation.

What it reported doing in 2024

New updated larger therapy room has been created thanks to carol ann and ralph v. Haile, jr. Foundation. This space serves as a therapeutic calming room as well as an intervention space for our early intervention team. The nature-based outdoor classroom was expanded thanks to the boots on the ground grant from the city of cincinnati to enhance play, expand growing, and better serve our community. Expanded to an additional campus in order to serve more of the community.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 93
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.8%; rating input score 99

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.2%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 19.8% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 25.8% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 18.9% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $126K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 30/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.