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40 LOVE FOUNDATION INCORPORATED: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
40 LOVE FOUNDATION INCORPORATED (EIN 81-1115103)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202103209349200500
Schema version
2020v4.1
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)
Return2021-11-15T22:35:35-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454151259PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1World Management Solutions IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line126500 W Agoura Road Suite 102-518AddressLine1Txt
CityCalabasasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91302ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN811115103EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line140 Love FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control40LOBusinessNameControlTxt
Phone3102004831PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 5445AddressLine1Txt
CityCulver CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90231ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDoris ObihPersonNm
Person TitleExecutive Director & CEOPersonTitleTxt
Phone3102004831PhoneNum
Signature2021-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDorisPersonFirstNm
Person LastObihPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKathryn ShirleyPreparerPersonNm
PTINP01375219PTIN
Phone3106017500PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website Addresshttps://40lovela.org/WebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$73,106GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$73,106ContributionsGiftsGrantsEtcAmt
Total Revenue$73,106TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$20,641FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,076OccupancyRentUtltsAndMaintAmt
Other Expenses Total$36,708OtherExpensesTotalAmt
Total Expenses$58,425TotalExpensesAmt
Excess Or Deficit For Year$14,681ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$1,492NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$13,189NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$14,262EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$14,262EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,492BOYAmt
EOY$1,073EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$1,492BOYAmt
EOY$13,189EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeThe purpose of this corporation is, but not limited to: (a) To utilize sports and mentorship to instill positive values, work ethics, and goals into urban youth; (b) To bridge the cost gap and provide high quality, affordable sports opportunities; (c) To provide strong role models and a safe haven to children who need it; (d) To help expose the youth to better college opportunities through sportsPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTo utilize sports and mentorship to instill positive values, work ethics, and goals into urban youthDescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$0ProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Doris Obih
Executive Director & CEO40.00$0$0$0
Mixael Padilla
Secretary2.00$0$0$0
Chika Obih
CFO2.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1World Management Solutions IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line126500 W Agoura Road Ste 102-518AddressLine1Txt
CityCalabasasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91302ZIPCd
FieldValueIRS element (for citing)
Phone3106017500PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,577CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,401CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,642CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,101CurrentTaxYearMinus1YearAmt
Current Tax Year$73,106CurrentTaxYearAmt
Total$170,827TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,577CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,401CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,642CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,101CurrentTaxYearMinus1YearAmt
Current Tax Year$73,106CurrentTaxYearAmt
Total$170,827TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$170,827PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,577CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,401CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,642CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,101CurrentTaxYearMinus1YearAmt
Current Tax Year$73,106CurrentTaxYearAmt
Total$170,827TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 16 - Other ExpensesDescription: Advertising and Marketing. Amount: 688. Description: Bank Charges and Fees. Amount: 275. Description: Car & Truck Expenses. Amount: 928. Description: Computer and Computer Related. Amount: 980. Description: Dues and Subscriptions. Amount: 451. Description: Insurance. Amount: 3,876. Description: Interest Expense. Amount: 290. Description: Job Supplies. Amount: 6,144. Description: Legal & Professional Services. Amount: 10,327. Description: Meals. Amount: 3,513. Description: Office Supplies and Software. Amount: 3,950. Description: Taxes and Licenses. Amount: 25. Description: Travel Expenses. Amount: 59. Description: Other. Amount: 5,202. Total to Form 990-EZ, line 16: 36,708.
Form 990-EZ, Part II, Line 26 - Other LiabilitiesDescription: Other. Beg. of Year Amount: 1,492. End of Year Amount: 1,073.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationThe organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.DeclarationDesc

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