Totals
- Total revenue
- $1,936,585
- Total expenses
- $1,685,743
- Contributions and grants received
- $1,767,605
- Grants paid
- $4,000
- Program service revenue
- $9,691
- Investment income
- $226,630
- Other revenue
- -$67,341
- Total assets, end of year
- $7,121,269
- Total liabilities, end of year
- $588,110
- Net assets or fund balances, end of year
- $6,533,159
- Program services expenses (Part IX)
- $853,614
- Management and general expenses
- $480,314
- Fundraising expenses
- $351,815
- Program service expenses (Part III)
- $853,614
Program services were 50.6% 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
$1,140,905
-
1f · All other contributions, gifts and grants
$626,700
-
1g · Noncash contributions included above
$337,955
-
2a · Program service revenue: PROGRAM REVENUE
total $9,691 · related or exempt $0 · unrelated business $0 · excluded $9,691
-
3 · Investment income
total $226,630 · excluded $226,630
-
6a · Gross rents
real property $1,300
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,300
-
6d · Net rental income or loss
total $1,300 · excluded $1,300
-
8a · Fundraising events: gross income
$504,753
-
8a · Fundraising events: contributions included on line 1c
$1,140,905
-
8b · Fundraising events: direct expenses
$709,660
-
8c · Net income from fundraising events
total -$204,907 · excluded -$204,907
-
9a · Gaming: gross income
$123,808
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $123,808 · related or exempt $123,808
-
11a · Other revenue: OTHER INCOME
total $12,458 · related or exempt $0 · unrelated business $0 · excluded $12,458
-
11e · Other revenue, total
$12,458
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,000 · program services $4,000
-
7 · Other salaries and wages
total $748,945 · program services $453,766 · management and general $285,635 · fundraising $9,544
-
11a · Fees: management
total $1,500 · program services $29 · management and general $1,471
-
11b · Fees: legal
total $2,146 · management and general $2,146
-
11c · Fees: accounting
total $24,410 · management and general $24,410
-
12 · Advertising and promotion
total $6,931 · program services $2,719 · management and general $4,212
-
13 · Office expenses
total $29,570 · program services $22,130 · management and general $7,440
-
14 · Information technology
total $44,487 · program services $8 · management and general $29,866 · fundraising $14,613
-
16 · Occupancy
total $23,467 · program services $14,938 · management and general $8,529
-
17 · Travel
total $39,164 · program services $29,925 · management and general $8,109 · fundraising $1,130
-
20 · Interest
total $16,901 · management and general $16,901
-
22 · Depreciation, depletion and amortization
total $97,272 · program services $97,272
-
23 · Insurance
total $30,886 · program services $23,970 · management and general $6,916
-
24a · Other expenses: IN-KIND GOODS AND SERVI
total $337,955 · program services $35,457 · fundraising $302,498
-
24b · Other expenses: OTHER EXPENSES
total $87,514 · program services $27,098 · management and general $41,713 · fundraising $18,703
-
24c · Other expenses: HARMON FIELD EXPENSES
total $66,545 · program services $66,545
-
24d · Other expenses: OTHER MISCELLANEOUS EXP
total $45,210 · program services $14,686 · management and general $30,524
-
24e · All other expenses
total $78,840 · program services $61,071 · management and general $12,442 · fundraising $5,327
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $382,978 · end of year $161,894
-
4 · Accounts receivable
beginning of year $40,500 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,240,132
-
10b · Land, buildings and equipment: accumulated depreciation
$814,234
-
10c · Land, buildings and equipment, net
beginning of year $1,229,153 · end of year $1,425,898
-
11 · Investments: publicly traded securities
beginning of year $4,941,962 · end of year $5,533,477
-
15 · Other assets
beginning of year $23,168 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $137,090 · end of year $189,738
-
19 · Deferred revenue
beginning of year $5,698 · end of year $10,231
-
23 · Secured mortgages and notes payable
beginning of year $408,406 · end of year $388,141
-
27 · Net assets without donor restrictions
beginning of year $6,020,022 · end of year $6,533,159
-
28 · Net assets with donor restrictions
beginning of year $46,545 · end of year $0
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
THE LIGHT FOUNDATION STRIVES TO EMPOWER YOUNG PEOPLE TO REACH THEIR HIGHEST POTENTIAL BY INITIATING AND SUPPORTING HANDS ON PROGRAMS AND EVENTS THAT PROMOTE THE DEVELOPMENT OF RATIONAL MORAL VALUES AND PERSONAL FINANCIAL ACUMEN SO AS TO INSTILL A SENSE OF SELF-RELIANCE.
-
YOUTH PROGRAMMING
Expenses $853,614 · Grants $4,000 · Revenue $9,691
As filed on the 2023 return.
Listed in Part VII
-
Brian McCarthyBRIAN MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daren HiattDAREN HIATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DrubnerDAVID DRUBNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie MarshallJAMIE MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt LightMATT LIGHT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Steve TraxSTEVE TRAX
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Frederick ClarkFREDERICK CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Francesca FedericoFRANCESCA FEDERICO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bobby LoffredoBOBBY LOFFREDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tram HollandTRAM HOLLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susie LightSUSIE LIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Russ MezikofskyRUSS MEZIKOFSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Michael RiemanMICHAEL RIEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kylie RuschioniKYLIE RUSCHIONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margrette MondilloMARGRETTE MONDILLO
EXECUTIVE DIRECTOR
- Total calculated
- $227,446
- From this org
- $227,446
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,150
- Bonus
- $0
- Other
- $38,296
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $227,446
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
- 3 · Approval by the board or compensation committee
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412139349301301
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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