LOVE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LOVE FOUNDATION (EIN 87-4801979)
Tax period
2023-03-14 to 2023-12-31
Filed
2025-05-29
IRS object ID
202521499349100417
Schema version
2023v6.0
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)
Return2025-05-29T17:09:44-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

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 Begin2023-03-14TaxPeriodBeginDt

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
Signature2025-05-29SignatureDt
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
Preparation2025-05-29PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Amended ReturnYes (X)AmendedReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,017,480FMVAssetsEOYAmt
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$75InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$75InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$75InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$13,136DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,136DividendsNetInvstIncmAmt
Dividends Adj Net Incm$13,136DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$30,158NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$57,269GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$26,680CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$43,369TotalRevAndExpnssAmt
Total Net Invst Incm$39,891TotalNetInvstIncmAmt
Total Adj Net Incm$13,211TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$7,290OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$401TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,691TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,880ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,880ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$58,571TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,880TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,202ExcessRevenueOverExpensesAmt
Net Investment Income$39,891NetInvestmentIncomeAmt
Adjusted Net Income$13,211AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,841CashBOYAmt
Cash EOY$7,346CashEOYAmt
Cash EOYFMV$7,346CashEOYFMVAmt
Corporate Stock BOY$1,017,050CorporateStockBOYAmt
Corporate Stock EOY$1,010,134CorporateStockEOYAmt
Corporate Stock EOYFMV$1,010,134CorporateStockEOYFMVAmt
Total Assets BOY$1,021,891TotalAssetsBOYAmt
Total Assets EOY$1,017,480TotalAssetsEOYAmt
Total Assets EOYFMV$1,017,480TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,021,891CapitalStockBOYAmt
Capital Stock EOY$1,017,480CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,021,891TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,017,480TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,021,891TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,017,480TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,021,891TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,202ExcessRevenueOverExpensesAmt
Other Increases$10,791OtherIncreasesAmt
Subtotal$1,017,480SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,017,480TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$26,680CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$554InvestmentIncomeExciseTaxAmt
Subtotal$554SubtotalAmt
Tax Based On Investment Income$554TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$554TotalPaymentsAndCreditsAmt
Original Return Tax Paid$554OriginalReturnTaxPaidAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
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 COURTGREENVILLEDE19805TRUSTEE1.00$0$0$0
ROBIN LOVE
443 BETHEL MILL ROADSEWELLNJ08080TRUSTEE1.00$0$0$0
THOMAS LOVE
465 BETHEL MILL ROADSEWELLNJ08080TRUSTEE1.00$0$0$0
MEGAN SAKHLEH
106 TUSCAN LANEMULLICA HILLNJ08062TRUSTEE1.00$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$1,013,592AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,093AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,019,685TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,019,685AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,295CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,004,390NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,313MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,313MinimumInvestmentReturnAmt
Tax Based On Investment Income$554TaxBasedOnInvestmentIncomeAmt
Total Tax$554TotalTaxAmt
Distributable Before Adj$39,759DistributableBeforeAdjAmt
Distributable Before Ded$39,759DistributableBeforeDedAmt
Distributable As Adjusted$39,759DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,880ExpensesAndContributionsAmt
Qualifying Distributions$50,880QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$39,759DistributableAsAdjustedAmt
Qualifying Distributions$50,880QualifyingDistributionsAmt
Applied To Current Year$39,759AppliedToCurrentYearAmt
Remaining Distri From Corpus$11,121RemainingDistriFromCorpusAmt
Total Corpus$11,121TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$11,121ExcessDistriCyovToNextYrAmt
Excess From Current Year$11,121ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PRESBYTERIAN CHURCH AT WOODBURY
67 S BROAD STWOODBURYNJ08096GIFT$6,360
INSPIRA HEALTH FOUNDATION
159 BRIDGETON PIKEMULLICA HILLNJ08062GIFT$6,360
MOORESTOWN FRIENDS SCHOOL
110 E MAIN STREETMOORESTOWNNJ08057GIFT$4,020
FAITHFUL FRIENDS ANIMAL SOCIETY
165 AIRPORT ROADNEW CASTLEDE19720GIFT$5,000
UPENN TRUSTEES
2929 WALNUT STREETPHILADELPHIAPA19104GIFT$3,700
INSPIRA HEALTH FOUNDATION
159 BRIDGETON PIKEMULLICA HILLNJ08062GIFT$12,720
GREATER WOODBURY COOP MINISTRY FOOD
330 E BARBER AVEWOODBURYNJ08096GIFT$2,720
CLEARVIEW REGIONAL HIGH SCHOOL
420 CEDAR ROADMULLICA HILLNJ08096GIFT$5,000
CLEARVIEW REGIONAL HIGH SCHOOL
420 CEDAR ROADMULLICA HILLNJ08096GIFT$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,880TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$75RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$13,136RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$30,158RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$43,369RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$43,369TotalIncomeProducingActyAmt

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 (8 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
34.740 AMERICAN BEACON SMALL CAP2023-03PURCHASE2023-08$880$765$115
31.662 BARON EMERGING MARKETS2023-03PURCHASE2023-08$448$400$48
1584.367 EATON VANCE2023-03PURCHASE2023-08$7,890$7,727$163
140.499 JOHN HANCOCK DISCIPLINED VAL2023-03PURCHASE2023-08$3,181$2,796$385
75.596 MFS GROWTH FUND CLASS I2023-03PURCHASE2023-08$12,567$10,378$2,189
7.327 TOUCHSTONE MID CAP GROWTH2023-03PURCHASE2023-08$245$224$21
314.986 VICTORY TRIVALENT INTL SMALL2023-03PURCHASE2023-08$4,548$4,095$453
23.392 WASATCH SMALL CAP GROWTH FD2023-03PURCHASE2023-08$830$726$104

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$1,010,134EOYBookValueAmt
EOYFMV$1,010,134EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN ASSETSDesc
Amt$10,791Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEECategoryTxt
Amt$7,290Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX PAIDCategoryTxt
Amt$401Amt

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