Northlight Foundation Inc
- Assets
- $90.3m
- Revenue
- $1.6m
- Investments
- $89.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2011
- Data as of
- 12/2022
- 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 12/2022, Northlight Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.0% each year . All expenses for the organization totaled $10.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Northlight Foundation Inc has awarded 202 individual grants totaling $57,536,850. 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
2022
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 | |
Sheryl C Tishman Director | 0.5 | $0 | |
Francis W Beck Director | 0.25 | $0 | |
Cara Weinrich Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $463,989 |
| Dividends & Interest | $991,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,803,721 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$30,723 |
| Total Revenue | $1,621,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $577,047 |
| Pension plans, employee benefits | $55,370 |
| Interest | $10,754 |
| Taxes | $136,995 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $41,936 |
| Printing and publications | $0 |
| Other expenses | $1,399,641 |
| Total operating and administrative expenses | $2,279,244 |
| Contributions, gifts, grants paid | $8,360,352 |
| Total expenses and disbursements | $10,639,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5 |
| Savings and temporary cash investments | $1,187,980 |
| 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 | $47,242,118 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $90,307,249 |
| 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 | $66,649 |
| Total liabilities | $66,649 |
Grants Awarded
Over the last fiscal year, Northlight Foundation Inc has awarded $8,360,352 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AMALGAMATED FOUNDATION PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $3,850,380 |
FIDELITY DAF PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $385,000 |
NATIVE MOVEMENT PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $25,000 |
TIDES FOUNDATION PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $333,333 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $1,200 |
ALASKA CONSERVATION FOUNDATION PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $25,000 |