Small Public Charity

LOVEIAM INC

LOVEIAM INC is a private foundation categorized as Small Public Charity based in PHOENIX, AZ. Its most recent IRS filing (2025) reports revenue of $400, expenses of $1K, total assets of $27K.

EIN: 270185650 PHOENIX, AZ Single Organization Support NTEE: T11 Latest filing: 2025
Total Revenue$400
Total Expenses$1K
Total Assets$27K
Grants Given0
Filing Years2021–2025

Mission

Liam Murray (Olson) passed away after just 26 days due to a congenital heart defect. The family knew they wanted to start a charity that directly benefits, supports and enriches the lives of children who live with congenital heart defects. Heart kids undergo countless open heart surgeries, some have received heart transplants, and many others are still on the transplant wait list. These are the children who live the life that Liam never had. Since its inception LOVEIAM has been involved in sending local Arizona children with congenital heart defects to heart camp for a brief escape from their disease. While at camp heart kids require extensive palliative care which is expensive. Most heart kid's families are strapped with only going medical expenses and cannot afford to send their kids to camp. The prime fund raising event was not held in 2025 so the charity was dormant but expects to hold its fund raising event in 2026 and send more kids to heart camp.

Where $100 goes at Loveiam Inc

How Loveiam Inc divides every $100 it spends, from its own Form 990-EZ filings, averaged across 9 years.

$41 Programs the work itself
$59 Everything else operations and overhead

Form 990-EZ reports program spending but doesn't separate management from fundraising, so those are shown together.

Inside the $41 for programs

$41
The exempt purpose is to raise funds to be able to send kids with congenital heart defects to "heart camp"
All program spending
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Source: Form 990-EZ filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Candance Olson
Director Daradee Olson
Director Stuart Olson

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $400 $1K $27K
2024 $127K $126K $27K
2023 $136K $151K $27K
2022 $50 $631 $42K
2021 $31K $1K $42K

Between 2021 and 2025, reported annual revenue declined from $31K to $400 (-99%), with total assets most recently reported at $27K.

Interactive year-over-year charts and full filing details available with membership.

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