Choicelight Inc
- Assets
- $10.7m
- Revenue
- $5.9m
- Investments
- $2.9m
- Employees
- 6
- Location
- South Bend, IN
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 30-0238064
Organization Overview
Choicelight Inc is located in South Bend, IN. The organization was established in 2005. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Choicelight Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choicelight 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 12/2023, Choicelight Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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 2016, Choicelight Inc has awarded 14 individual grants totaling $391,790. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE THE ONGOING DEVELOPMENT OF THE EDUCATIONAL, CULTURAL, HEALTHCARE INSTITUTIONS, GOVERNMENT RELATED AGENCIES AND OTHER ORGANIZATIONS IN ST JOSEPH AND MARSHALL COUNTY AREAS BY PROVIDING HIGH-SPEED DATA COMMUNICATIONS NETWORK AT THE MOST COST-EFFECTIVE PRICES AVAILABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT OF EDUCATIONAL, CULTURAL, HEALTH CARE INSTITUTIONS, GOVERNMENT RELATED AGENCIES AND OTHER ORGANIZATIONS IN ST JOSEPH COUNTY AND MARSHALL COUNTY AREAS BY PROVIDING HIGH-SPEED DATA COMMUNICATIONS NETWORK CAPABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Emberton CEO | Officer | 50 | $248,454 |
Jamie Brazeau Business Development Manager | 50 | $185,777 | |
Brandon Liggett Network Operations Director | 50 | $109,805 | |
John Buysse Board Member | Trustee | 2 | $0 |
Paul Salazar Dillon Board Member | Trustee | 2 | $0 |
Chris Stager Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,781,158 |
| Investment income | $2,837,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,928,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $279,374 |
| Compensation of current officers, directors, key employees. | $139,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,517 |
| Payroll taxes | $51,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,158 |
| Fees for services: Accounting | $30,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,738 |
| Advertising and promotion | $7,025 |
| Office expenses | $3,198 |
| Information technology | $30,657 |
| Royalties | $0 |
| Occupancy | $72,600 |
| Travel | $9,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,139 |
| Insurance | $38,736 |
| All other expenses | $6,265 |
| Total functional expenses | $2,313,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,392 |
| Savings and temporary cash investments | $1,203,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,943 |
| Net Land, buildings, and equipment | $3,674,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,899,466 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,627,336 |
| Total assets | $10,690,293 |
| Accounts payable and accrued expenses | $89,616 |
| Grants payable | $0 |
| Deferred revenue | $598,141 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $471,061 |
| Total liabilities | $1,158,818 |
| Net assets without donor restrictions | $9,531,475 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,690,293 |
Grants Awarded
Over the last fiscal year, Choicelight Inc has awarded $39,155 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH BEND MONTESSORI HIGH SCHOOL PURPOSE: TO CONNECT SCHOOLS FOR DIGITAL LEARNING | $9,590 |
HOLY FAMILY SCHOOL PURPOSE: TO CONNECT SCHOOLS FOR DIGITAL LEARNING | $15,380 |
HOLY CROSS SCHOOL PURPOSE: TO CONNECT SCHOOLS FOR DIGITAL LEARNING | $6,995 |
QUEEN OF PEACE SCHOOL PURPOSE: TO CONNECT SCHOOLS FOR DIGITAL LEARNING | $7,190 |