Nonprofit · EIN 38-3802327
LOVE INC OF WORTHINGTON
Tax-exempt · WORTHINGTON, MN 56187
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $109,365 | $130,118 | -$20,753 | $24,504 | $1,261 | $23,243 |
| December 31, 2023 | 990 | $95,229 | $113,601 | -$18,372 | $45,244 | $1,248 | $43,996 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $109,365
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $75,522
- Salaries, compensation and benefits (total)
- $82,325
- Professional fundraising fees
- $0
- Accounting fees
- $7,941
- Occupancy
- $13,299
- Travel
- $641
- Program services (functional)
- $63,054
- Management and general (functional)
- $53,878
- Fundraising (functional)
- $13,186
Balance sheet and other
- Total assets, start of year
- $45,244
- Total assets, end of year
- $24,504
- Total liabilities, end of year
- $1,261
- Net assets, end of year
- $23,243
- Net assets without donor restrictions
- $23,243
- Gross receipts
- $109,365
- Employees
- 2
- Volunteers
- 75
- Year formed
- 2009
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANETTE MCCORMICK | EX OFFICIODIRECTOR Trustee or director | 0 | $0 |
| TONY VETSCH | TREASURERDIRECTOR Trustee or director, Officer | 0 | $0 |
| MIKE MOORE | CHAIR Trustee or director, Officer | 0 | $0 |
| KARLA KIRKEBY | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| NORA LEINEN | DIRECTOR Trustee or director | 0 | $0 |
| TOM CAVANAUGH | SECRETARY Trustee or director, Officer | 0 | $0 |
| BRYAN VOSS | DIRECTOR Trustee or director | 0 | $0 |
| GREG WEDE | EXECUTIVE DIRECTOR Highest-paid employee | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORA LEINEN | DIRECTOR Trustee or director | 0 | $0 |
| JEANETTE MCCORMICK | EX OFFICIODIRECTOR Trustee or director | 0 | $0 |
| KARLA KIRKEBY | VICE CHAIR Trustee or director, Officer | 0 | $0 |
| TOM CAVANAUGH | SECRETARY Trustee or director, Officer | 0 | $0 |
| JIM PUTNAM | TREASURERDIRECTOR Trustee or director, Officer | 0 | $0 |
| MIKE MOORE | CHAIR Trustee or director, Officer | 0 | $0 |
| GREG WEDE | EXECUTIVE DIRECTOR Highest-paid employee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 952, WORTHINGTON, MN 56187-0952
- In care of
- % GREG WEDE
- Mailing address (990-N for 2011)
- PO BOX 952, WORTHINGTON MN 56187
- Principal officer (990-N for 2011)
- Brian Frodermann, 332 Smith Ave, Heron Lake MN 56137
- Signed the 990
- GREG WEDE, EXECUTIVE DIRECTOR
- Phone
- (507) 727-7290
- Website
- www.loveincwgtn.org
- Return prepared by
- Legacy Tax & Accounting
Mission
SEE SCHEDULE O
Program accomplishments
- See Schedule OExpenses $56,460
- Gap Ministries: Connecting and helping local Churches and volunteers to create new Ministries to meet the local needs that have been verified thru the Clearinghouse. Of the 243 calls received through the Clearinghouse: 545 adults and 230 childrens needs were met.Expenses $4,900
- See Schedule OExpenses $1,694
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3802327
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $24,504
- Income (IRS master file)
- $109,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $109,365 | $130,118 | $24,504 | IRS |
| 990 | December 2023 | $95,229 | $113,601 | $45,244 | XML |
| 990 | December 2022 | $103,910 | $124,239 | $62,693 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Brian Frodermann | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3802327).
Questions about LOVE INC OF WORTHINGTON
- What is the EIN of LOVE INC OF WORTHINGTON?
- The employer identification number (EIN) of LOVE INC OF WORTHINGTON is 38-3802327.
- Is LOVE INC OF WORTHINGTON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to LOVE INC OF WORTHINGTON tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVE INC OF WORTHINGTON file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOVE INC OF WORTHINGTON due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOVE INC OF WORTHINGTON last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOVE INC OF WORTHINGTON?
- The 990-N for 2011 names Brian Frodermann.
- Who are the officers and directors of LOVE INC OF WORTHINGTON?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does LOVE INC OF WORTHINGTON have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $109,365, expenses of $130,118 and total assets of $24,504 at year end.
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