LOVE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LOVE FOUNDATION (EIN 87-4801979)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-19
IRS object ID
202511399349100426
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-19T13:48:28-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN223081101PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHERMAN SILVERSTEIN ETALBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1308 HARPER DR STE 200AddressLine1Txt
CityMOORESTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP080573245ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN874801979EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOVE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLOVEBusinessNameControlTxt
Phone2672511935PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1585 WOODBURY GLASSBORO ROADAddressLine1Txt
CitySEWELLCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08080ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEMING LOVEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2672511935PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN R LOLIO JRPreparerPersonNm
PTINP01509761PTIN
Phone8566620700PhoneNum
Preparation2025-05-19PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,108,518FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$81InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$81InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$81InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$18,472DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,472DividendsNetInvstIncmAmt
Dividends Adj Net Incm$18,472DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$98,055NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$220,061GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$69,946CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$116,608TotalRevAndExpnssAmt
Total Net Invst Incm$88,499TotalNetInvstIncmAmt
Total Adj Net Incm$18,553TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$2,592LegalFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$10,486OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$778TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$13,856TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$13,856TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$102,752ExcessRevenueOverExpensesAmt
Net Investment Income$88,499NetInvestmentIncomeAmt
Adjusted Net Income$18,553AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,346CashBOYAmt
Cash EOY$7,939CashEOYAmt
Cash EOYFMV$7,939CashEOYFMVAmt
Corporate Stock BOY$1,010,134CorporateStockBOYAmt
Corporate Stock EOY$1,100,579CorporateStockEOYAmt
Corporate Stock EOYFMV$1,100,579CorporateStockEOYFMVAmt
Total Assets BOY$1,017,480TotalAssetsBOYAmt
Total Assets EOY$1,108,518TotalAssetsEOYAmt
Total Assets EOYFMV$1,108,518TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,017,480CapitalStockBOYAmt
Capital Stock EOY$1,108,518CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,017,480TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,108,518TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,017,480TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,108,518TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,017,480TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$102,752ExcessRevenueOverExpensesAmt
Subtotal$1,120,232SubtotalAmt
Other Decreases$11,714OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,108,518TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$69,946CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,230InvestmentIncomeExciseTaxAmt
Subtotal$1,230SubtotalAmt
Tax Based On Investment Income$1,230TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$69EsPenaltyAmt
Tax Due$1,299TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsfalseAtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDEMING LOVEIndividualWithBooksNm
Phone2672511935PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14 WARWICK COURTAddressLine1Txt
CityGREENVILLECityNm
State AbbreviationDEStateAbbreviationCd
ZIP19805ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DEMING LOVE
4 WARWICK COURTGREENVILLEDE19805TRUSTEE000.00$0$0$0
ROBIN LOVE
443 BETHEL MILL ROADSEWELLNJ08080TRUSTEE000.00$0$0$0
THOMAS LOVE
465 BETHEL MILL ROADSEWELLNJ08080TRUSTEE000.00$0$0$0
MEGAN SAKHLEH
106 TUSCAN LANEMULLICA HILLNJ08062TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$7,643AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,055,357AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,063,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,063,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,945CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,047,055NetVlNoncharitableAssetsAmt
Minimum Investment Return$52,353MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$52,353MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,230TaxBasedOnInvestmentIncomeAmt
Total Tax$1,230TotalTaxAmt
Distributable Before Adj$51,123DistributableBeforeAdjAmt
Distributable Before Ded$51,123DistributableBeforeDedAmt
Distributable As Adjusted$51,123DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$51,123DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$11,121ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$11,121TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$11,121ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$11,121ExcessDistributionCyovAppCYAmt
Undistributed Income CY$40,002UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$81RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$18,472RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$98,055RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$116,608RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$116,608TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (22 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
EATON VANCE INCOME FD OF BOSTON2023-03PURCHASE2024-02$180$172$8
JOHN HANCOCK DISCIPLINED VALUE FD2023-03PURCHASE2024-02$13,900$11,959$1,941
MFS GROWTH2023-03PURCHASE2024-02$43,180$30,913$12,267
MFS MID CAP VALUE2023-03PURCHASE2024-02$1,000$901$99
TRP OVERSEAS STOCK I2023-03PURCHASE2024-02$870$760$110
TOUCHSTONE MID CAP GROWTH2023-03PURCHASE2024-02$3,630$2,897$733
WASATCH SMALL CAP GROWTH2023-03PURCHASE2024-02$570$463$107
AMERICAN BEACON SMALL CAP2023-03PURCHASE2024-04$10,290$9,096$1,194
AMERICAN BEACON SMALL CAP2023-03PURCHASE2024-07$660$549$111
BARON EMERGING MARKETS2023-03PURCHASE2024-04$404$354$50
BARON EMERGING MARKETS2023-03PURCHASE2024-07$380$318$62
FIDELITY ADVISOR TOTAL BOND FUND2023-03PURCHASE2024-04$2,980$3,046-$66
JP MORGAN CORE BOND CLASS I2023-03PURCHASE2024-04$7,623$7,900-$277
MFS GROWTH FUND CLASS I2023-03PURCHASE2024-07$9,520$6,583$2,937
MFS MID CAP VALUE FUND2023-03PURCHASE2024-04$10,179$8,965$1,214
MFS MID CAP VALUE FUND2023-03PURCHASE2024-07$350$295$55
TRP OVERSEAS STOCK I2023-03PURCHASE2024-07$270$225$45
TOUCHSTONE MID CAP GROWTH CL Y2023-03PURCHASE2024-04$9,011$7,273$1,738
VICTORY TRIVALENT INT'L SMALL CAP2023-03PURCHASE2024-04$5,158$4,448$710
VICTORY TRIVALENT INT'L SMALL CAP2023-03PURCHASE2024-07$70$58$12
WASATCH SMALL CAP GROWTH FUND2023-03PURCHASE2024-04$8,299$7,094$1,205
WASATCH SMALL CAP GROWTH FUND2023-03PURCHASE2024-07$21,591$17,737$3,854

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$1,100,579EOYBookValueAmt
EOYFMV$1,100,579EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategorySHERMAN SILVERSTEIN KOHL ROSE POCategoryTxt
Legal Fees$2,592LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescDECREASE IN ASSETSDesc
Amt$11,714Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEECategoryTxt
Amt$10,486Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX PAIDCategoryTxt
Amt$778Amt

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