Greenlight Foundation
- Assets
- $579.8k
- Revenue
- $500.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 33-1015211
Organization Overview
Greenlight Foundation is located in Burbank, CA. The organization was established in 2002. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenlight 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, Greenlight Foundation generated $500.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $32.1k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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, Greenlight Foundation has awarded 31 individual grants totaling $156,803. 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
TO SPONSOR AN EVENT, "DEAF ARTS JUBILEE" WHICH IS HELD ANNUALLY TO PROMOTE AN INTEREST IN THE ARTS AMONG DEAF HIGH SCHOOL STUDENTS. EVENT COULD NOT BE SCHEDULED DURING 2021 DUE TO COVID PANDEMIC.
TO HELP FUND CHARITABLE ORGANIZATIONS THAT AID PHYSICALLY CHALLENGED CHILDREN
TO PROVIDE A TENNIS CAMP AND ACTIVITIES FOR CHILDREN WITH DOWN SYNDROME. EVENT COULD NOT BE SCHEDULED DURING 2021 DUE TO COVID PANDEMIC.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,750 |
| Interest on Savings | $75 |
| 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 | $500,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $110 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $32,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,832 |
| Savings and temporary cash investments | $300,000 |
| 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 | $579,832 |
| 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, Greenlight Foundation has awarded $32,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE OF THE VALLEY RESCUE MISSION PURPOSE: TO AID IN ACTIVITIES | $10,000 |
JENSEN-SCHMIDT TENNIS ACADEMY PURPOSE: TO AID IN ACTIVITIES | $10,000 |
KODAWEST CAMP PURPOSE: TO AID IN ACTIVITIES | $7,000 |
Los Angeles, CA PURPOSE: TO AID IN ACTIVITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |
Gray Area Foundation For The Arts San Francisco, CA | $1,951,369 | $4,455,887 |
The Society For The Promotion Of Japanese Animation Corona, CA | $13,619,220 | $9,492,860 |
Community Works West Inc Oakland, CA | $4,260,482 | $3,855,581 |