Northlight Foundation Inc
- Assets
- $99.5m
- Revenue
- $10.0m
- Investments
- $97.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-0612382
Organization Overview
Northlight Foundation Inc is located in New York, NY. The organization was established in 2011. 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. Northlight 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, Northlight Foundation Inc generated $10.0m in total revenue. All expenses for the organization totaled $11.1m during the year ending 12/2021.
Since 2016, Northlight Foundation Inc has awarded 167 individual grants totaling $49,176,498. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel R Tishman Director | 2 | $0 | |
Cara Weinrich Officer | 2 | $0 | |
Francis W Beck Director | 0.25 | $0 | |
Sheryl C Tishman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,497 |
| Interest on Savings | $600,160 |
| Dividends & Interest | $1,111,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,268,292 |
| Capital Gain Net Income | $7,175,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$34,127 |
| Total Revenue | $9,969,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $488,540 |
| Pension plans, employee benefits | $36,341 |
| Interest | $8,873 |
| Taxes | $49,470 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $574 |
| Printing and publications | $0 |
| Other expenses | $1,223,726 |
| Total operating and administrative expenses | $1,854,823 |
| Contributions, gifts, grants paid | $9,264,915 |
| Total expenses and disbursements | $11,119,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,222,960 |
| 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 | $43,162,730 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $99,507,065 |
| 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, Northlight Foundation Inc has awarded $9,264,915 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMALGAMATED FOUNDATION PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $2,735,000 |
UNIVERSITY OF MICHIGAN PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $2,225,000 |
Bronx, NY PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $1,375,000 |
New York, NY PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $623,851 |
Washington, DC PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $350,000 |
San Francisco, CA PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $333,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |