2023-11-14T15:28:27-06:00 2022-12-31 060962537 TEPLITZKY & COMPANY PC ONE BRADLEY ROAD BUILDING 600 WOODBRIDGE CT 06525 990 2022-01-01 061309318 GIFTS OF LOVE INC GIFT 8606762323 PO BOX 463 AVON CT 06001 ROBERT WONG PRESIDENT 8606762323 2023-11-14 1 ROBERT WONG 999009999 0 JOHN E ANASTASIO P00275157 2033870852 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT WONG PO BOX 463 AVON CT 06001 1094791 0 X GIFTSOFLOVECT.ORG X 1989 CT GIFTS OF LOVE HELPS MEET THE BASIC NEEDS OF INDIVIDUALS AND FAMILIES IN THE GREATER HARTFORD AREA EXPERIENCING A SHORT-TERM FINANCIAL CRISIS SO THEY CAN RETURN TO SELF-SUFFICIENCY. 7 7 14 203 -7456 0 1334754 892658 78133 5450 1174 866 -30666 55680 1383395 954654 0 0 0 0 445831 309703 0 0 128074 825642 1004607 1271473 1314310 111922 -359656 1748368 1299825 145738 131133 1602630 1168692 X GIFTS OF LOVE HELPS MEET THE BASIC NEED OF INDIVIDUALS AND FAMILIES IN THE GREATER HARTFORD AREA EXPERIENCING A SHORT-TERM FINANCIAL CRISIS SO THEY CAN RETURN TO SELF SUFFICIENCY. 0 1 612321 BASIC NEEDS SERVICES - CLIENTS PERSONALLY CHOOSE FROM A SELECTIONOF MEAT, FRESH SEASONAL PRODUCE, BAKED GOODS, NON-PERISHABLEFOODS, PAPER GOODS AND PERSONAL HYGIENE ITEMS ONCE PER MONTH.PROVISION OF FOOD ALSO INCLUDES EDUCATION ABOUT FOOD NUTRITION BYGENTLY GUIDING CLIENTS TOWARDS THE 'BETTER FOR YOU' OPTIONS TOIMPROVE OVERALL HEALTH AND WELL BEING. CLIENTS CAN ALSO CHOOSEIN-SEASON CLOTHING FOR THEIR ENTIRE FAMILY, AS WELL AS BEDLINENS, TOWELS, CURTAINS, POTS, PANS, DISHES AND SMALL APPLIANCES. BASIC NEEDS SERVICES ALSO INCLUDES THE WEEKEND BACKPACK AND RETAIL RESCUE PROGRAMS. THE WEEKEND BACKPACK PROGRAM FILLS BACKPACKS WITH EASY-TO-PREPARE MEALS, SNACKS, AND DRINKS TO STUDENTS RECEIVING FREE OR REDUCED COST LUNCH IN THE GREATER HARTFORD AREA TO HELP FEED THE FAMILY THROUGH THE WEEKEND. STUDENTS RECEIVE THEIR BAGS FROM THEIR SCHOOLS, OR PARENTS PICK UP IN OUR AVON OFFICE, ON FRIDAYS. IN ADDITION, GOL IS ALSO SERVING 2 SCHOOLS IN WEST HARTFORD, 1 SCHOOL IN NEW BRITAIN, AND 5 CREC SCHOOLS. BAGS ARE FILLED WITH FOODS OBTAINED FROM FOODSHARE. ALLERGIES ARE ADDRESSED AND BAGS ARE CHECKED REGULARLY BEFORE THEY GO OUT TO THE SCHOOLS.WITH THE RETAIL RESCUE PROGRAM, GIFTS OF LOVE AND A CREW OF VOLUNTEERS PICK UP FOOD "RESCUED" FROM LOCAL SUPERMARKETS. PARTICIPATING STORES INCLUDE FITZGERALD'S, BIG Y, SHOP RITE, STOP AND SHOP, FRESH MARKET, AVON PRIME MEATS, AND WHOLE FOODS. FOOD IS PICKED UP AT EACH LOCATION ONCE OR TWICE WEEK. RESCUED FOOD IS MADE AVAILABLE TO CLIENTS AT THEIR REGULAR VISITS. 285098 5450 FARM PROGRAM - THE GIFTS OF LOVE FARM, THROUGH A PARTNERSHIP WITHTHE TOWN OF SIMSBURY, IS RESPONSIBLE TO STEWARD THE AGRICULTURALLAND AND DIRECT A PORTION OF ITS OUTPUTS TOWARD THE SIMSBURY FOODPANTRY. THE REMAINING AGRICULTURAL OUTPUT IS DIRECTED TO THEORGANIZATION'S FOOD PANTRY'S AS WELL AS OTHER FOOD INSECURITYFOCUSED OPPORTUNITIES. IN ADDITION, THE FARM SERVES AS ANOPPORTUNITY TO ENGAGE IN EDUCATIONAL PROGRAMS ABOUT FOOD, ANDAGRICULTURE SUCH AS HOSTING INCUBATOR FARMERS. THE FARM PRODUCESOVER TWO TONS OF FOOD PER YEAR, MUCH OF WHICH IS DONATED TOFAMILIES IN NEED. IN NOVEMBER 2022, THE BOARD OF DIRECTORS RESOLVED TO CEASE OPERATIONS OF THE FARM PROGRAM. THIS WAS PRIMARILY DUE TO THE EFFECTS OF THE GLOBAL COVID-19 PANDEMIC, WHEREBY DUE TO LIMITATIONS ON IN-PERSON GATHERINGS, THE PROGRAM WAS UNABLE TO ENGAGE THE COMMUNITY IN EDUCATIONAL PROGRAMS ABOUT FOOD AND AGRICULTURE AS EFFECTIVELY AS IT HAD IN THE PAST. FURTHER, BECAUSE OF THESE CIRCUMSTANCES THE COSTS OF MAINTAINING THE PREMISES AND HISTORICAL FOOD YIELDS BECAME FINANCIALLY UNSUSTAINABLE. AS OF NOVEMBER 2022, THE ORGANIZATION HAD VACATED THE FARM PROPERTY, COINCIDING WITH THE END OF ITS LEASE AGREEMENT WITH THE TOWN OF SIMSBURY. 897419 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 14 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SEAN RILEY 8606762323 PO BOX 463 AVON CT 06001 ASHELY BORN PRESIDENT 2.00 X X 0 0 0 ROBERT WONG SECRETARY 2.00 X X 0 0 0 SEAN RILEY TREASURER 2.00 X X 0 0 0 MAURA FITZGERALD DIRECTOR 1.00 X 0 0 0 LYDIA TEDONE DIRECTOR 1.00 X 0 0 0 CURTIS WILLIAMS DIRECTOR 1.00 X 0 0 0 ROBERT WALZ DIRECTOR, THRU JUNE 2022 1.00 X 0 0 0 LISA GRAY EXEC DIRECTOR 30.00 X 15127 0 0 15127 0 0 0 0 0 0 0 892658 413393 892658 PROGRAM INCOME 611710 5450 5450 5450 6932 6932 13459 20915 -7456 -7456 -7456 81181 87247 -6066 -6066 -6066 95111 31975 63136 63136 954654 5450 -7456 64002 23228 13705 3716 5807 264948 84276 104981 75691 21527 12700 3445 5382 66002 43628 22374 68347 8310 57464 2573 1218 1218 26540 83 15474 10983 26601 16882 9719 56932 48390 5657 2885 14547 173 14374 PROGRAM EXPENSES 471758 467242 2137 2379 IMPAIRMENT LOSS ON FARM 231031 231031 UTILITIES 30803 13335 17468 MAINTENANCE 8269 1292 6977 2559 2559 1314310 897419 288817 128074 285641 262765 587199 46937 58650 44230 107514 89232 10324 9615 771194 400817 652103 370377 523606 1748368 1299825 15690 14015 128548 114618 1500 2500 145738 131133 X 1436191 1061626 166439 107066 1602630 1168692 1748368 1299825 X -359656 -27345 -46937 0 X X 0 1 X 1 0 X 1663009 1917538 1092345 1334754 865138 6872784 147885 198837 44532 78133 5450 474837 48879 48879 1810894 2116375 1136877 1461766 870588 7396500 13810 12805 7462 6172 40249 0 13810 12805 7462 6172 40249 7356251 77 774 1185 1174 6932 10142 77 774 1185 1174 6932 10142 1810971 2117149 1138062 1462940 877520 7406642 0.99320 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 614809 255367 359442 86255 86247 8 70130 59203 10927 370377 EXCHANGE TRADED FUNDS 279936 F MUTUAL FUNDS 243670 F 523606 SECURITY DEPOSIT 2500 2500 X 944904 -27345 2130 -25215 970119 -15465 -15465 954654 1378842 49067 15465 64532 1314310 0 1314310 PART X, LINE 2: FIN 48 FOOTNOTE - GOL HAS RECEIVED AN EXEMPTION FROM THE INTERNAL REVENUE SERVICE (IRS) FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GOL IS REQUIRED TO MAKE THE APPROPRIATE TAX PAYMENTS ON ANY INCOME CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. MANAGEMENT OF THE ORGANIZATION EVALUATES ALL SIGNIFICANT TAX POSITIONS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AT DECEMBER 31, 2022 AND 2021, MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITION THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OF DECREASE WITHIN THE NEXT TWELVE MONTHS. GOL'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. AS OF DECEMBER 31, 2022 AND 2021, GOL'S FEDERAL AND STATE TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION FOR YEARS AFTER DECEMBER 31, 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -20,915. FARM PROGRAM INCOME 5,450. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 20,915. FARM PROGRAM INCOME -5,450. OTHER EVENTS 95111 95111 31975 95111 95111 31975 31975 63136 X 358469 X 54924 0 0 0 FORM 990, PART III, LINE 3 IN NOVEMBER 2022, THE BOARD OF DIRECTORS RESOLVED TO CEASE OPERATIONS OF THE FARM PROGRAM. THIS WAS PRIMARILY DUE TO THE EFFECTS OF THE GLOBAL COVID-19 PANDEMIC, WHEREBY DUE TO LIMITATIONS ON IN-PERSON GATHERINGS, THE PROGRAM WAS UNABLE TO ENGAGE THE COMMUNITY IN EDUCATIONAL PROGRAMS ABOUT FOOD AND AGRICULTURE AS EFFECTIVELY AS IT HAD IN THE PAST. FURTHER, BECAUSE OF THESE CIRCUMSTANCES THE COSTS OF MAINTAINING THE PREMISES AND HISTORICAL FOOD YIELDS BECAME FINANCIALLY UNSUSTAINABLE. AS OF NOVEMBER 2022, THE ORGANIZATION HAD VACATED THE FARM PROPERTY, COINCIDING WITH THE END OF ITS LEASE AGREEMENT WITH THE TOWN OF SIMSBURY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FINANCE COMMITTEE REVIEWS THE 990 IN DETAIL. THE BOARD OF DIRECTORS ARE PROVIDED A FULL COPY OF THE RETURN FOR THEIR REVIEW PRIOR TO ISSUING THE RETURN TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY THE BOARD OF DIRECTORS REVIEW CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL THE BOARD OF DIRECTORS REVIEWS AND DETERMINES THE EXECUTIVE DIRECTORS FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS THE BOARD OF DIRECTORS REVIEWS AND DETERMINES THE OTHER OFFICERS AND KEY EMPLOYEES SALARY ANNUALLY AND DOCUMENTS IN WRITING. SALARY ANNUALLY AND DOCUMENTS IN WRITING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION DISTRIBUTED AS REQUESTED. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS EXPLANATION RENTAL EXPENSES $ 20,195 RENTAL EXPENSES $-20,195