One Point Of Light Foundation Inc
- Assets
- $9.1m
- Revenue
- $719.4k
- Investments
- $8.8m
- Employees
- 0
- Location
- Astoria, NY
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 11-3490562
Organization Overview
One Point Of Light Foundation Inc is located in Astoria, NY. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Point Of Light Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, One Point Of Light Foundation Inc generated $719.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $426.6k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, One Point Of Light Foundation Inc has awarded 266 individual grants totaling $1,656,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W Weeks Foundation M | 0 | $51,500 | |
Michael Vietri Director | 0 | $0 | |
Anaivys Mercader Director | 0 | $0 | |
Lynne Serpe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,000 |
| Interest on Savings | $11,459 |
| Dividends & Interest | $185,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,016 |
| Capital Gain Net Income | $48,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $709 |
| Total Revenue | $719,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,940 |
| Interest | $0 |
| Taxes | $805 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,417 |
| Total operating and administrative expenses | $140,351 |
| Contributions, gifts, grants paid | $286,250 |
| Total expenses and disbursements | $426,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,486 |
| Savings and temporary cash investments | $1,787 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,109,707 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, One Point Of Light Foundation Inc has awarded $286,250 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
A BETTER COLLEGE POINT CIVIC ASSOCI PURPOSE: OPERATING EXPENSES | $3,500 |
AMERICAN RED CROSS PURPOSE: OPERATING EXPENSES | $11,000 |
ALLEY POND ENVIORNMENTAL PURPOSE: OPERATING EXPENSES | $9,000 |
BOWERY MISSION PURPOSE: OPERATING EXPENSES | $11,000 |
CHANNEL 13 WNET PURPOSE: OPERATING EXPENSES | $11,000 |
COASTAL PRESERVATION NETWORK PURPOSE: OPERATING EXPENSES | $11,000 |