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Love Tank Foundation

  • Vicksburg, MS
  • Tax-exempt since June 2014
  • EIN: 46-4339770

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$17.8k (2024)

Expenses
$18.4k (2024)

Total Assets
$351k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,780
Expenses
$18,381
Net Income
-$601
Net Assets
$350,921
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $60
0.3%
Dividends $12,265
69.0%
Sales of Assets $5,455
30.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,500
95.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $350,921
Total Liabilities $0
Net Assets $350,921
Compensation
Key Employees and Officers Compensation Other
Ellen Foster (Co Trustee) $0 $0

Document Links

990-PF
Filed on March 31, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,104
Expenses
$22,795
Net Income
-$11,691
Net Assets
$343,425
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $161
1.4%
Dividends $9,925
89.4%
Sales of Assets $1,018
9.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,000
96.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $343,425
Total Liabilities $0
Net Assets $343,425
Compensation
Key Employees and Officers Compensation Other
Ellen Foster (Co Trustee) $0 $0

Document Links

990-PF
Filed on April 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,447
Expenses
$20,681
Net Income
-$14,234
Net Assets
$356,210
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $27
0.4%
Dividends $1,429
22.2%
Sales of Assets $4,991
77.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,000
96.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $356,210
Total Liabilities $0
Net Assets $356,210
Compensation
Key Employees and Officers Compensation Other
Ellen Foster (Co Trustee) $0 $0

Document Links

990-PF
Filed on April 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,331
Expenses
$20,155
Net Income
-$4,824
Net Assets
$356,480
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $7,517
49.0%
Sales of Assets $7,813
51.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,500
96.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $356,480
Total Liabilities $0
Net Assets $356,480
Compensation
Key Employees and Officers Compensation Other
Ellen Foster (Co Trustee) $0 $0

Document Links

990-PF
Filed on April 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,244
Expenses
$17,867
Net Income
-$12,623
Net Assets
$355,766
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $4,197
80.0%
Sales of Assets $1,047
20.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,250
96.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $355,767
Total Liabilities $1
Net Assets $355,766
Compensation
Key Employees and Officers Compensation Other
Ellen Foster (Co Trustee) $0 $0

Document Links

990-PF
Filed on April 19, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,444
Expenses
$18,530
Net Income
-$10,086
Net Assets
$385,337
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,003
59.2%
Sales of Assets $3,441
40.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,000
97.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $385,338
Total Liabilities $1
Net Assets $385,337
Compensation
Key Employees and Officers Compensation Other
Thomas M Mcelroy (Co Trustee) $0 $0
Ellen Foster (Co Trustee) $0 $0

Document Links

990-PF
Filed on May 11, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,757
Expenses
$6,664
Net Income
$7,093
Net Assets
$360,809
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,785
49.3%
Sales of Assets $2,959
21.5%
Other Income $4,013
29.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,000
90.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $360,809
Total Liabilities $0
Net Assets $360,809
Compensation
Key Employees and Officers Compensation Other
Thomas M Mcelroy (President) $0 $0

Document Links

990-PF
Filed on July 30, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,661
Expenses
$20,496
Net Income
-$13,835
Net Assets
$350,013
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $21
0.3%
Dividends $3,568
53.6%
Sales of Assets $3,072
46.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,000
97.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $350,013
Total Liabilities $0
Net Assets $350,013
Compensation
Key Employees and Officers Compensation Other
Thomas M Mcelroy (President) $0 $0

Document Links

990-PF
Filed on March 29, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,820
Expenses
$7,011
Net Income
-$1,191
Net Assets
$363,848
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $503
8.6%
Dividends $3,220
55.3%
Sales of Assets $2,097
36.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,000
71.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $363,848
Total Liabilities $0
Net Assets $363,848
Compensation
Key Employees and Officers Compensation Other
Thomas M Mcelroy (President) $0 $0

Document Links

990-PF
Filed on Aug. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$746
Expenses
$12,158
Net Income
-$11,412
Net Assets
$365,039
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $746
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,527
86.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $365,039
Total Liabilities $0
Net Assets $365,039
Compensation
Key Employees and Officers Compensation Other
Thomas M Mcelroy (President) $0 $0

Document Links

990-PF
Filed on April 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$740
Expenses
$24,289
Net Income
-$23,549
Net Assets
$376,451
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $740
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,800
77.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $376,451
Total Liabilities $0
Net Assets $376,451

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

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