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Nonprofiteer
← THE LIGHT FOUNDATION

Form 990 for tax year 2023

Filed by THE LIGHT FOUNDATION.

Totals

Total revenue
$322,146
Total expenses
$1,100,580
Contributions and grants received
$107,243
Grants paid
$164,415
Program service revenue
$0
Investment income
$220,382
Other revenue
-$5,479
Total assets, end of year
$2,844,758
Total liabilities, end of year
$522,931
Net assets or fund balances, end of year
$2,321,827
Program services expenses (Part IX)
$897,445
Management and general expenses
$174,454
Fundraising expenses
$28,681
Program service expenses (Part III)
$897,445

Program services were 81.5% 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.

  • 1c · Fundraising events

    $97,627

  • 1f · All other contributions, gifts and grants

    $9,616

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $59,881 · excluded $59,881

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $767,204 · other assets $678

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

    securities $606,510 · other assets $871

  • 7c · Gain or loss

    securities $160,694 · other assets -$193

  • 7d · Net gain or loss

    total $160,501 · excluded $160,501

  • 8a · Fundraising events: gross income

    $20,039

  • 8a · Fundraising events: contributions included on line 1c

    $97,627

  • 8b · Fundraising events: direct expenses

    $25,518

  • 8c · Net income from fundraising events

    total -$5,479 · excluded -$5,479

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $164,415 · program services $164,415

  • 5 · Compensation of officers, directors and key employees

    total $146,811 · program services $126,115 · management and general $8,430 · fundraising $12,266

  • 6 · Compensation of disqualified persons

    total $210,000 · program services $210,000

  • 7 · Other salaries and wages

    total $47,000 · program services $47,000

  • 9 · Other employee benefits

    total $16,136 · program services $16,136

  • 10 · Payroll taxes

    total $52,979 · program services $45,511 · management and general $3,042 · fundraising $4,426

  • 11a · Fees: management

    total $250 · management and general $250

  • 11c · Fees: accounting

    total $10,576 · management and general $10,576

  • 11f · Fees: investment management

    total $9,109 · management and general $9,109

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $2,790 · fundraising $2,790

  • 13 · Office expenses

    total $12,777 · program services $5,063 · management and general $6,195 · fundraising $1,519

  • 14 · Information technology

    total $6,290 · program services $3,000 · fundraising $3,290

  • 16 · Occupancy

    total $134,869 · program services $101,152 · management and general $33,717

  • 17 · Travel

    total $5,278 · program services $3,953 · management and general $528 · fundraising $797

  • 20 · Interest

    total $38,587 · management and general $38,587

  • 22 · Depreciation, depletion and amortization

    total $218,091 · program services $163,568 · management and general $54,523

  • 23 · Insurance

    total $3,909 · program services $2,932 · management and general $977

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $6,751 · management and general $6,751

  • 24b · Other expenses: EQUIPMENT & SOFTWARE

    total $5,464 · program services $4,371 · fundraising $1,093

  • 24c · Other expenses: FOREIGN TAXES PAID-NTB

    total $769 · management and general $769

  • 24d · Other expenses: MEALS

    total $7,729 · program services $4,229 · management and general $1,000 · fundraising $2,500

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,290 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $29,996 · end of year $18,908

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,667,736

  • 10b · Land, buildings and equipment: accumulated depreciation

    $790,106

  • 10c · Land, buildings and equipment, net

    beginning of year $1,089,531 · end of year $877,630

  • 11 · Investments: publicly traded securities

    beginning of year $2,326,183 · end of year $1,874,220

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $74,000 · end of year $74,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $585,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $22,931

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,984,000 · end of year $2,321,827

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO CREATE A GENERATION OF SUCCESSFUL YOUTH BY PROVIDING LIFE-CHANGING OPPORTUNITIES.

Activities or mission (Part I)

THE LIGHT FOUNDATION MISSION IS TO BUILD CORE VALUES IN YOUTH AND CONNECT THEM TO OPPORTUNITIES THAT WILL ENRICH THEIR LIVES.

  • YOUTH DEVELOPMENT PROGRAM - SPECIAL PROGRAM AND SERVICES FOR YOUTH ORGANIZATIONS AND FAMILIES WITH EDUCATIONAL AND EVENT MANAGEMENT AND SUPPORT, LEADERSHIP PROGRAM DEVELOPMENT, AND INCOME TO SUPPORT SERVICES OF ST. LOUIS YOUTH PROGRAMS.

    Expenses $407,415 · Grants $105,995

  • RITECARE - THE LIGHT FOUNDATION COLLABORATES WITH THE NATIONAL, STATE AND REGIONAL RITECARE PROGRAMS THAT PROVIDE FREE LANGUAGE AND LITERACY THERAPY TO AT RISK YOUTH WITH SIGNIFICANT COMMUNICATION CHALLENGES. THE FOUNDATION ACTIVELY ENGAGES IN THIS PROGRAM THROUGH PHILANTHROPIC EVENT MANAGEMENT, STAFF CREATION OF MISSION MARKETING (MISSION AWARENESS), CREATION AND MANAGEMENT OF STATE WEBSITE (MORITECARE.ORG) WHICH EDUCATES AND SUPPORTS THE MISSOURI RITECARE PROGRAM, STAFF CREATION OF PROMOTIONAL VIDEOS AND SOCIAL MEDIA MESSAGING TO SUPPORT ACTIVE CAMPAIGN AND MISSION AWARENESS, INCOME TO SUPPORT SERVICES AND CREATE NATIONAL AND STATEWIDE MISSION ADVANCEMENT AND PROMOTION. IN 2023, THE LIGHT FOUNDATION PHILANTHROPICALLY HOSTED THE BENEFIT GOLF OUTING.

    Expenses $233,566 · Grants $51,445

  • LIGHT BOX PRODUCTIONS PRODUCES ORIGINAL PHILANTHROPIC CREATIVE RESOURCES, EDUCATIONAL AND STUDIO OPPORTUNITIES (INCLUDING VIDEO, BRAND MARKETING AND VIRTUAL MESSAGING, WEB, EVENT AND EXHIBIT CREATION) TO AMPLIFY YOUTH-FOCUSED INITIATIVES.

    Expenses $227,845

  • DEMOLAY - COLLABORATE WITH MISSOURI: DEMOLAY TO PROVIDE LEADERSHIP PROGRAMMING, RESOURCES AND VOLUNTEER OPPORTUNITIES FOR 12-20 AGE YOUNG MEN. DEMOLAY LEADERSHIP AND SERVICE CLUB AT MARYVILLE UNIVERSITY - TO PROVIDE SCHOLARSHIPS, AND MENTOR OPPORTUNITIES FOR THE STUDENTS ENROLLED IN THE CLUB AT MARYVILLE UNIVERSITY.

    Expenses $28,619 · Grants $6,975

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Randall Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Cockerham

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Stacia Cockerham

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brandon Cockerham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bret Akers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erika Cockerham

    LIMELIGHT STUDIO DIRECTOR

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Quentin Cockerham

    DEMOLAY YOUTH

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Sharon Mistretta

    EXECUTIVE DIRECTOR

    Total calculated
    $121,811
    From this org
    $112,500
    From related orgs
    $0
    Other
    $9,311
    Hours/week
    40

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202431349349304733

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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