Light The Way Foundation
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Temple Hills, MD
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 20-8950939
Organization Overview
Light The Way Foundation is located in Temple Hills, MD. The organization was established in 2008. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 The Way Foundation 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 The Way Foundation generated $13.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $13.2k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 5 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FIFTEEN STUDENTS, 9 TO 12 YEARS OLD, WERE PROVIDED SCHOLARSHIPS TO PARTICIPATE IN OUR FILM SUMMER CAMP. DURING CAMP, STUDENTS LEARNED HOW TO CREATE A DOCUMENTARY FROM BEHIND THE CAMERA. THE STUDENTS ALSO HAD A RED CARPET PREMIERE OF THEIR DOCUMENTARY, AND A ROUND TABLE DISCUSSION TO SHARE WHAT THEY LEARNED IN CAMP, WITH FAMILY AND COMMUNITY PRESENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Terry Treasurer | 15 | $0 | |
Billy Sanders Board Member | 2 | $0 | |
Janice Murphy President | 25 | $0 | |
Islaam Shabazz Marketing Director | 5 | $0 | |
Breanna Murphy Vice President | 15 | $0 | |
Yakina White Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,615 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,008 |
| Other Revenue | $0 |
| Total Revenue | $13,623 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $13,074 |
| Total expenses | $13,174 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,956 |
| Other assets | $0 |
| Total assets | $6,956 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,956 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Light The Way Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Insight Network Alexandria, VA PURPOSE: SUPPORT TO ORGANIZATION | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Voorhis Foundation Wilmington, DE | $18,620,361 | $1,505,500 |
Izmirlian International Foundation Washington, DC | $264 | $2,005,003 |