On Light Aurora
- Assets
- $799.0k
- Revenue
- $314.4k
- Investments
- -$398.5k
- Employees
- 0
- Location
- Aurora, IL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 45-4613601
Organization Overview
On Light Aurora is located in Aurora, IL. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. On Light Aurora 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, On Light Aurora generated $314.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $355.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLOW LOCAL SCHOOLS, HOSPITALS, BUSINESSES AND OTHER ENTITIES THE OPPORTUNITY TO ACCESS A FIBER OPTICAL NETWORK.
Describe the Organization's Program Activity:
INITIATING, MANAGING AND PROMOTING ACCESS TO A COMMUNITY BASED, HIGH-BAND WITH NETWORK INFRASTRUCTURE EXCLUSIVELY DEDICATED TO THE FURTHERANCE OF CHARITABLE AND EDUCATONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pegues Chair | OfficerTrustee | 10 | $0 |
Sherman Jenkins Treasurer | OfficerTrustee | 2 | $0 |
Richard Irvin Director | Trustee | 4 | $0 |
Lawrence Bergie Director | Trustee | 1 | $0 |
Kevin Fitzpatrick Director | Trustee | 1 | $0 |
Roger Fahnestock Director | 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 | $28,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,662 |
| Total Program Service Revenue | $383,729 |
| Investment income | $9 |
| 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 | $314,406 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,815 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,083 |
| Advertising and promotion | $3,600 |
| Office expenses | $747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,033 |
| Insurance | $11,721 |
| All other expenses | $0 |
| Total functional expenses | $355,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,008,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$398,522 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,679 |
| Total assets | $798,980 |
| Accounts payable and accrued expenses | $226,150 |
| Grants payable | $0 |
| Deferred revenue | $74,115 |
| 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 | $139,529 |
| Other liabilities | $0 |
| Total liabilities | $439,794 |
| Net assets without donor restrictions | $359,186 |
| 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 | $798,980 |