Light Foundation Inc
- Assets
- $16.9k
- Revenue
- $118.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 20-8111464
Organization Overview
Light Foundation Inc is located in Lakewood, NJ. The organization was established in 2009. 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. 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 12/2021, Light Foundation Inc generated $118.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $118.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Light Foundation Inc has awarded 58 individual grants totaling $1,682,144. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL, RELIGIOUS, AND CHARITABLE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,359 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $2,231 |
| Contributions, gifts, grants paid | $116,400 |
| Total expenses and disbursements | $118,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,944 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,944 |
| 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, Light Foundation Inc has awarded $116,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVA SHAAREI CHOCHMA PURPOSE: EDUCATIONAL, RELIGIOUS, AND CHARITABLE | $58,000 |
CONG ZICHRON YISROEL PURPOSE: EDUCATIONAL, RELIGIOUS, AND CHARITABLE | $27,400 |
THE DONORS FUND PURPOSE: EDUCATIONAL, RELIGIOUS AND CHARITABLE | $25,000 |
AFO TOMER DEVORAH SEMINARY PURPOSE: EDUCATIONAL AND RELIGIOUS | $3,000 |
Airmont, NY PURPOSE: EDUCATIONAL AND RELIGIOUS | $2,500 |
LIMUDEI DAAS PURPOSE: RELIGIOUS AND CHARITABLE | $500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Light Foundation Inc has recieved totaling $10,350.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Northern New Jersey Inc Paramus, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Jack Adjmi And Family Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |