Lightening The Load
- Assets
- $11.4m
- Revenue
- $1.3m
- Investments
- $10.7m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 47-2617321
Organization Overview
Lightening The Load is located in Philadelphia, PA. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Lightening The Load 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, Lightening The Load generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $750.2k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 4 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 2019, Lightening The Load has awarded 49 individual grants totaling $2,267,167. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Holveck President/director | 5 | $0 | |
David P Holveck Secretary/treasurer/direct | 5 | $0 | |
Lisa Boyle Director | 2 | $0 | |
Jennifer Ginelli Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $301,807 |
| Interest on Savings | $0 |
| Dividends & Interest | $644,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,392 |
| Capital Gain Net Income | $384,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,331,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $135,712 |
| Contributions, gifts, grants paid | $614,500 |
| Total expenses and disbursements | $750,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $732,630 |
| 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 | $8,058,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,392,782 |
| 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, Lightening The Load has awarded $614,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $200,000 |
MELMARK PURPOSE: PROMISES TO KEEP CAMPAIGN | $25,000 |
COMMUNITY VOLUNTEERS IN MEDICINE PURPOSE: GRANT TO ANOTHER 501(C)(3) FOUNDATION | $75,000 |
PHILABUNDANCE PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $75,000 |
PHILADELPHIA EDUCATION FUND PURPOSE: GRANT TO ANOTHER 501(C)(3) ORGANIZATION | $60,000 |
ST JAMES SCHOOL PURPOSE: GRANT TO ANOTHER 501 (C)(3) ORGANIZATION | $7,500 |