EIN 85-2401176

League of Vaishnava Entrepreneurs (LOVE)

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2020
Most recent tax filings
2022-12-01
Description
League of Vaishnava Entrepreneurs expands and supports the mission of the one Supreme Lord through the teachings of His Divine Grace AC Bhaktivedanta Swami Prabhupada. They create educational media, feed the poor, and comfort the homeless in line with the spiritual authority of the Vedas to make distributions to qualifying organizations. With explicit permission from a private foundation donor and consistent with their bylaws, they distribute collected funds to another charity - the International Society for Krishna Consciousness (ISKCON).
Also known as...
League of Vaishnava Entreprenuers; Love
Total revenues
$1,650,533
2022
Total expenses
$1,750,175
2022
Total assets
$222
2022
Num. employees
0
2022

Program areas at LOVE

With the explicit permission of the private foundation donor, and consistent with its bylaws and stated charitable purposes, the organization distributed collected funds to another charity - the International Society for Krishna Consciousness (ISKCON). As with L.O.V.E., ISKCON is a legally recognized charitable entity operating within the traditional system of Parampara, with stated stated goals of providing education and food relief. Consistent with Rev. Procedure 2017-53 LOVE tax counsel performed an equivalency determination with ISKCON determined to be equivalent to a domestic church for U.S. tax Purposes Determination is available upon request to past or prospective donors.

Who funds League of Vaishnava Entrepreneurs (LOVE)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Gift FundOperations$1,750,000

Personnel at LOVE

NameTitleCompensation
Krishna IkaPresident$0
Graeme DuncanDirector Treasurer$0
Prasuna IkaDirector Vice President$0

Financials for LOVE

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,650,000
Program services$0
Investment income and dividends$533
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,650,533

Form 990s for LOVE

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122023-11-07990EZView PDF

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Data update history
January 2, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Updated personnel
Identified 5 new personnel
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $1,750,000 from American Gift Fund
December 24, 2023
Used new vendors
Identified 1 new vendor, including
August 3, 2022
Posted financials
Added Form 990EZ for fiscal year 2021
Nonprofit Types
Arts, culture, and humanities nonprofitsCharities
Issues
Arts, cultural, and humanitiesHomelessness
Characteristics
ReligiousOperates internationallyTax deductible donationsNo full-time employees
General information
Address
257 Turnpike Rd
Southborough, MA 01772
Metro area
Worcester, MA-CT
Phone
(304) 280-4772
IRS details
EIN
85-2401176
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A20: Arts, Cultural Organizations
NAICS code, primary
813110: Religious Organizations
Parent/child status
Independent
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