Morning Light Inc
- Assets
- $8.2m
- Revenue
- $425.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Indianapolis, IN
- Founding
- 01/1985
- Data as of
- 12/2020
- EIN
- 35-1602641
Organization Overview
Morning Light Inc is located in Indianapolis, IN. The organization was established in 1985. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2020, Morning Light Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morning Light 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 12/2020, Morning Light Inc generated $425.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MORNING LIGHT, INC. FOSTERS NON-PROFIT COMMUNITY SERVICES AND PROGRAMS IN CENTRAL INDIANA FOR THE TERMINALLY ILL, SENIORS AND FAMILIES OF LIMITED MEANS IN NEED OF HEALTH, WELLNESS OR END OF LIFE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABBIE HUNT BRYCE HOME: PROVIDES FREE ACCOMODATIONS AND LIVING SUPPORT FOR HOSPICE PATIENTS WHO HAVE NO OTHER APPROPRIATE LIVING ARRANGEMENTS IN THEIR TERMINALLY ILL CONDITION. THE ABBIE HUNT BRYCE HOME SERVES 40-60 PEOPLE ANNUALLY. IT ALSO PROVIDES FREE HOUSING FOR SELECT HOMELESS PATIENTS RECOVERING FROM SURGERY AND FOR HOSPICE RESPITE.
PENNWOOD PLACE APARTMENTS: PROVIDES SUBSIDIZED LIVING ARRANGEMENTS FOR SENIORS. ITS 35 UNITS OPERATE AT 97% CAPACITY ANNUALLY. RELATED PROGRAMS, SUCH AS OFFSITE EVENTS, COMPUTER TRAINING, ONSITE CELEBRATIONS, AND HEALTH-RELATED SPEAKERS/ACTIVITIES INVOLVE MORE THAN 300 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Fodor Exec. Director/ceo | Officer | 40 | $102,750 |
Brandon Hoopingarner Chair | OfficerTrustee | 2 | $0 |
Holly Carter Vice Chair | OfficerTrustee | 2 | $0 |
Meresa Creekmore-Armor Secretary | OfficerTrustee | 2 | $0 |
Geoff Thompson Treasurer | OfficerTrustee | 2 | $0 |
Hitesh Patel Exec Committee At Large | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nurses & More Inc Provided Certified Nursing And Staff | 12/30/17 | $179,336 |
Stenz Construction Company Was Responsible For Tenant Improvement P | 12/30/17 | $142,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,022 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,755 |
| Noncash contributions included in lines 1a–1f | $14,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,777 |
| Total Program Service Revenue | $212,544 |
| Investment income | $122,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,115 |
| Net Income from Fundraising Events | -$10,173 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $102,750 |
| Compensation of current officers, directors, key employees. | $25,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,504 |
| Payroll taxes | $49,876 |
| Fees for services: Management | $29,926 |
| Fees for services: Legal | $527 |
| Fees for services: Accounting | $42,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,668 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,405 |
| Office expenses | $49,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,921 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,040 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,378,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,074,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,402 |
| Net Land, buildings, and equipment | $3,239,536 |
| Investments—publicly traded securities | $3,872,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,800 |
| Total assets | $8,196,602 |
| Accounts payable and accrued expenses | $21,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,274,264 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,036 |
| Total liabilities | $2,444,467 |
| Net assets without donor restrictions | $5,257,843 |
| Net assets with donor restrictions | $494,292 |
| 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 | $8,196,602 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Morning Light Inc has recieved totaling $49,677.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $27,806 |
David P Sheetz Foundation Indianapolis, IN PURPOSE: GENERAL | $10,000 |
Second Helpings Inc Indianapolis, IN PURPOSE: TO FEED THE HUNGRY | $9,068 |
Samerian Foundation Inc Carmel, IN PURPOSE: ABBIE HUNT BRYCE HOME | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $240 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $451,817 |
| Earnings | $60,475 |
| Other Expense | $20,000 |
| Ending Balance | $492,292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Home Health Services Inc Fishers, IN | $13,819,141 | $15,070,011 |
Franciscan Vns Home Care Inc Beech Grove, IN | $9,258,157 | $12,900,882 |
Presence Home Care St Louis, MO | $5,231,376 | $13,994,086 |
Mercyhealth Visiting Nurses Association Inc Rockford, IL | $14,370,944 | $16,504,023 |
Healthcare Services Of The Ozarks Inc Springfield, MO | $0 | $15,495,706 |
Home Care United Madison, WI | $8,988,215 | $13,062,474 |
Visiting Nurse Association Of Southeast Missouri Inc Kennett, MO | $7,905,194 | $11,894,723 |
Ingalls Home Care Harvey, IL | $34,200,858 | $10,875,918 |
Visiting Nurse Association Of The Wabash Valley Inc Terre Haute, IN | $8,435,960 | $9,661,627 |
Visiting Nurse Association Of Porter County Indiana Inc Valparaiso, IN | $11,291,960 | $7,525,950 |
Access Living Of Metropolitan Chicago Chicago, IL | $26,227,833 | $14,436,710 |
Calvert City Convalescent Center Inc Calvert City, KY | $3,405,626 | $7,328,118 |