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Watts Of Love

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455404420 ✦ Downers grove, IL ✦ Designated as a 501(c)(3)

Overview

What is Watts Of Love?

Watts of Love is a globally-focused nonprofit organization, headquartered in Downers Grove, Illinois. Their primary mission is to combat poverty by distributing solar lights and offering financial literacy training. The nonprofit provides durable, multi-functional solar lights to communities lacking electricity in third-world countries, thereby reducing reliance on harmful alternatives like kerosene. This initiative aims to create immediate and long-lasting improvements in the lives of people living in extreme poverty. With a team of 15 employees, Watts of Love serves as a platform to collect donations and pledges, channeling them towards purchasing solar-powered lights for those in need.


Official website here: www.wattsoflove.org

Is Watts Of Love legitimate?

Watts Of Love is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watts Of Love submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $115,821
Professional Fundraising Fees: $0
Other Salaries and Wages: $518,183

For more financial information, click here


Official website here: www.wattsoflove.org

What is the mission statement of Watts Of Love?

Watts of Love's mission is to facilitate the collection of donations and pledges for the purpose of providing solar-powered lights to individuals living in third world countries without electricity. By doing so, the organization aims to help these individuals rise above poverty. Watts of Love achieves this mission by delivering durable, multi-functional solar lights to communities in last mile areas, thereby breaking their dependency on harmful kerosene and other alternate light sources. In addition, the organization offers economic empowerment training to support the individuals living in extreme poverty, thereby creating immediate and long-lasting change in their lives.


Official website here: www.wattsoflove.org

Who is the CEO of Watts Of Love?

Nancy Economou is the President of Watts Of Love.


Official website here: www.wattsoflove.org

What is the revenue of Watts Of Love?

Watts Of Love's revenue in 2023 was $2,440,208.


Official website here: www.wattsoflove.org

Who are the executives of Watts Of Love and what are their salaries?

The average compensation at Watts Of Love during 2023 was $42,267. There are 15 employees and 3,500 volunteers at Watts Of Love.

Here are 10 key members and their salaries:

    Nancy Economou (President) [Trustee/Director]
  • Compensation: $105,021
  • Related: $0
  • Other: $10,800

    • Kevin Kuster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Kay Kaufmann (Chairwoman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Roselieb (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria Hey (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dale Mancuso (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Audrey Elisha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Walsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Candice Mishkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Howard (Finance And Audit Chariman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wattsoflove.org

    Where can I find the form 990 for Watts Of Love?

    The Watts Of Love’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.wattsoflove.org

    Learn more at the official website: www.wattsoflove.org

    Mission Statement of Watts Of Love

    Watts of Love, a global nonprofit organization, is dedicated to bringing light and opportunity to individuals living in poverty-stricken areas of the world. Their mission is to empower people by providing them with solar-powered lights and financial education, enabling them to break free from the darkness of dependency on harmful light sources such as kerosene. By supplying durable, multi-functional solar lights to communities in need, Watts of Love aims to support these individuals in their quest for self-sufficiency. The organization's program brings about immediate and lasting change for those living in extreme poverty, transforming their living conditions and improving their quality of life.

    Impact

    This information is meant to be a general summary of Watts Of Love. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Watts of Love has a significant impact by delivering solar lights and financial learning to help people living without electricity in third world countries. By providing durable, multi-functional solar lights, this organization enables individuals in last mile communities to break their dependency on toxic kerosene and other harmful light sources. In addition to the immediate benefits of safe and sustainable lighting, Watts of Love also supports economic empowerment through training programs. This holistic approach creates both immediate and long-lasting change for those in extreme poverty, allowing them to improve their quality of life and raise themselves out of darkness.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $797
  • Program Service Revenue: $138,977
  • Gross Receipts: $2,451,206

    • Assets and Liabilities:
  • Total Assets: $1,459,710
  • Total Liabilities: $31,128
  • Net Assets: $1,428,582
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    GLOBAL TRAVEL TEAMS

    Revenue

    $81,014

    PARTNER PROGRAM INCOME

    Revenue

    $50,256

    PRODUCT SPONSORSHIP

    Revenue

    $7,707

    Organization Details

    Founding Year

    2012

    Principal Officer

    Nancy Economou

    Main Address

    990 WARREN AVENUE 3, DOWNERS GROVE, IL, 60515

    NTEE Category

    Code: Q30 - International

    If you are a representative of Watts Of Love and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.