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Nonprofiteer
← ALPHA LIGHT FUND INCORPORATED

Form 990 for tax year 2024

Filed by ALPHA LIGHT FUND INCORPORATED.

Totals

Total revenue
$4,808,655
Total expenses
$493,083
Contributions and grants received
$4,807,216
Grants paid
$50,000
Program service revenue
$0
Investment income
$1,439
Other revenue
$0
Total assets, end of year
$11,131,607
Total liabilities, end of year
$3,865,514
Net assets or fund balances, end of year
$7,266,093
Program services expenses (Part IX)
$390,495
Management and general expenses
$27,588
Fundraising expenses
$75,000
Program service expenses (Part III)
$390,495

Program services were 79.2% 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.

  • 1f · All other contributions, gifts and grants

    $4,807,216

  • 3 · Investment income

    total $1,439 · excluded $1,439

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 11b · Fees: legal

    total $6,847 · management and general $6,847

  • 11c · Fees: accounting

    total $29,595 · program services $11,979 · management and general $17,616

  • 11g · Fees: other

    total $75,048 · management and general $48 · fundraising $75,000

  • 16 · Occupancy

    total $34,147 · program services $32,544 · management and general $1,603

  • 20 · Interest

    total $245,276 · program services $245,276

  • 23 · Insurance

    total $35,047 · program services $35,047

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $10,000 · program services $10,000

  • 24b · Other expenses: COMMUNICATIONS

    total $3,188 · program services $3,188

  • 24c · Other expenses: SUPPLIES

    total $1,686 · program services $1,686

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $1,474 · management and general $1,474

  • 24e · All other expenses

    total $775 · program services $775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $403,697 · end of year $105,951

  • 2 · Savings and temporary cash investments

    beginning of year $823,049 · end of year $73,483

  • 4 · Accounts receivable

    beginning of year $1,379,127 · end of year $1,114,152

  • 9 · Prepaid expenses and deferred charges

    beginning of year $500 · end of year $178,787

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

    $9,659,234

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,055,097 · end of year $9,659,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $733 · end of year $1,016,347

  • 25 · Other liabilities

    beginning of year $2,710,216 · end of year $2,849,167

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,950,521 · end of year $7,266,093

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

SUPPORTS INITIATIVES FOR STUDENTS AND YOUNG ADULTS THAT EMPOWER THEM TO MAKE SUCCESSFUL CONTRIBUTIONS TO THEIR PERSONAL DEVELOPMENT AND TO SOCIETY.

  • EDUCATIONAL AND LIFE SKILLS DEVELOPMENT

    Expenses $390,495 · Grants $50,000

As filed on the 2024 return.

Listed in Part VII

  • Dennis Mitchell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shawn Lee

    VP & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Glenn Gregory

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Max Aggrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Earnest Elmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nigel Telman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reginald White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Wilkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Joseph

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533109349300128

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