Nonprofit · EIN 82-0747861
LOVE WELL SPENT
Tax-exempt · STATEN ISLAND, NY 10310
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $95,033 | $100,056 | -$5,023 | $3,435 | – | $3,435 |
| December 31, 2023 | 990-EZ | $65,909 | $56,762 | $9,147 | $11,492 | $0 | $11,492 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $94,743
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $290
Expenses
- Compensation of officers, directors and key employees
- $65,355
- Salaries, compensation and benefits (total)
- $72,314
- Professional fees and payments to contractors
- $3,280
- Occupancy
- $9,083
- Printing, publications and postage
- $4,430
- Other expenses
- $10,949
- Program services (functional)
- $68,138
Balance sheet and other
- Total assets, start of year
- $11,492
- Total assets, end of year
- $3,435
- Total liabilities, end of year
- –
- Net assets, end of year
- $3,435
- Cash, savings and investments
- $3,435
- Gross receipts
- $95,033
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Modademu Akindude | Executive Director | 40 | $65,355 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Modademu Akindude | Executive Director | 40 | $37,741 |
Address and contacts
- Address (IRS master file)
- 705 FOREST AVE, STATEN ISLAND, NY 10310-2518
- In care of
- % MODADEMU AKINDUDE
- Mailing address (990-N for 2022)
- PO 30453, Staten Island NY 10303
- Principal officer (990-N for 2022)
- Modademu Akindude, PO Box 30453, Staten Island NY 10303
- Signed the 990-EZ
- DADE AKINDUDE, EXECUTIVE DIRECTOR
- Phone
- (347) 857-7757
- Website
- lovewellspent.org
- Return prepared by
- M & L ACCOUNTING
Mission
Love Well Spent supports and empowers learners, educators and families by providing access to resources and toools that transform learning with focus on education equity and service-learning
Program accomplishments
- Services for students with special needs, the Executive Director (ED) provided tailored education services forstudents with special needs,including on-on-one tutoring, learning assesments and homeschooling support strategies. over 50 students and their famialies were supported during 2024.Expenses $68,138
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-0747861
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $3,435
- Income (IRS master file)
- $95,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $95,033 | $100,056 | $3,435 | XML |
| 990-EZ | December 2023 | $65,909 | $56,762 | $11,492 | XML |
| 990-N for 2022 Officer: Modademu Akindude | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Modademu Akindude | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Dade Akindude | December 31, 2019 | ≤ $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 82-0747861).
Questions about LOVE WELL SPENT
- What is the EIN of LOVE WELL SPENT?
- The employer identification number (EIN) of LOVE WELL SPENT is 82-0747861.
- Is LOVE WELL SPENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LOVE WELL SPENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOVE WELL SPENT 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 WELL SPENT 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 WELL SPENT last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of LOVE WELL SPENT?
- The 990-N for 2022 names Modademu Akindude.
- Who are the officers and directors of LOVE WELL SPENT?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $65,355 (Modademu Akindude, Executive Director).
- How much revenue does LOVE WELL SPENT have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $95,033, expenses of $100,056 and total assets of $3,435 at year end.
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