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Nonprofiteer
← ILLUMINATIONS FOUNDATION INC

Form 990 for tax year 2022

Filed by ILLUMINATIONS FOUNDATION INC.

Totals

Total revenue
$50,806,158
Total expenses
$52,771,196
Contributions and grants received
$50,794,147
Grants paid
$52,462,331
Program service revenue
$0
Investment income
$12,011
Other revenue
$0
Total assets, end of year
$4,133,721
Total liabilities, end of year
$30,000
Net assets or fund balances, end of year
$4,103,721
Program services expenses (Part IX)
$52,771,184
Management and general expenses
$12
Fundraising expenses
$0
Program service expenses (Part III)
$52,771,184

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $12,140,665

  • 1f · All other contributions, gifts and grants

    $38,653,482

  • 1g · Noncash contributions included above

    $523,342

  • 3 · Investment income

    total $20,346 · excluded $20,346

  • 7a · Gross sales of assets other than inventory

    securities $515,007

  • 7b · Less cost or other basis and sales expenses

    securities $523,342

  • 7c · Gain or loss

    securities -$8,335

  • 7d · Net gain or loss

    total -$8,335 · excluded -$8,335

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,462,331 · program services $52,462,331

  • 24a · Other expenses: CREDIT CARD PROCESSING

    total $308,853 · program services $308,853

  • 24b · Other expenses: BANK EXPENSE

    total $9 · management and general $9

  • 24c · Other expenses: TRANSACTION COSTS

    total $3 · management and general $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,073,496 · end of year $3,872,764

  • 4 · Accounts receivable

    beginning of year $20,126 · end of year $250,843

  • 11 · Investments: publicly traded securities

    beginning of year $100 · end of year $10,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,964 · end of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,934,238 · end of year $3,196,997

  • 28 · Net assets with donor restrictions

    beginning of year $1,139,520 · end of year $906,724

Mission and programs · 2022

Mission

TO GRANT TO BIBLE TRANSLATION COLLABORATION ACROSS VARIOUS MINISTRY PARTNERS IN ORDER TO ERADICATE BIBLE POVERTY IN THIS GENERATION.

  • ILLUMINATIONS IS ENGAGED IN GRANT-MAKING TO BIBLE TRANSLATION COLLABORATION ACROSS VARIOUS MINISTRY PARTNERS IN ORDER TO ERADICATE BIBLE POVERTY IN THIS GENERATION.

    Expenses $52,771,184 · Grants $52,462,331

As filed on the 2022 return.

Listed in Part VII

  • DAVID WILLS

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TODD PETERSON

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DANA RING

    DIRECTOR/TREASURER

    Total calculated
    $220,575
    From this org
    $0
    From related orgs
    $203,679
    Other
    $16,896
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,679 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $5,757 related
    Nontaxable benefits
    $0 + $11,139 related
    Filer's total
    $0 + $220,575 related

  • GARY NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MART GREEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 June 2023
IRS schema version
2022v5.0
Source object
202311819349301551

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