Emory Beacon Of Light
- Assets
- $5.3m
- Revenue
- $454.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 10/1974
- Data as of
- 12/2023
- EIN
- 52-2109509
Organization Overview
Emory Beacon Of Light is located in Washington, DC. The organization was established in 1974. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Emory Beacon Of Light employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Emory Beacon Of Light 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 12/2023, Emory Beacon Of Light generated $454.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $517.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE COMMUNITY A RANGE OF SERVICE TO ENHANCE THE ECONOMIC AND SOCIAL VITALITY OF THE NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMORY BEACON OF LIGHT RECEIVED GRANTS FROM THE DISTRICT TO PROVIDE TECHNICAL ASSISTANCE TO SMALL BUSINESSES IN THE BRIGHTWOOD AREA OF WARD 4 AND TO CLEAN SECTIONS OF GEORGIA AVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hazel Broadnax President | OfficerTrustee | 4 | $0 |
Lillete Campbell Director | Trustee | 2 | $0 |
Jaleesa Hall Director | Trustee | 2 | $0 |
Dian Lammy Treasurer | OfficerTrustee | 4 | $0 |
Jennifer E Loud Director | Trustee | 2 | $0 |
Brian Mccollum Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellis Dale Construction Construction | 12/30/18 | $1,664,086 |
Comm Link Inc Conferencing | 12/30/18 | $100,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $286,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,590 |
| Total Program Service Revenue | $90,854 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,731 |
| 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 | $454,175 |
| 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 | $315,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,015 |
| Advertising and promotion | $0 |
| Office expenses | $20,746 |
| Information technology | $2,000 |
| Royalties | $0 |
| Occupancy | $22,558 |
| Travel | $732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,762 |
| All other expenses | $0 |
| Total functional expenses | $517,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,029 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,090,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $82,470 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,314,646 |
| Accounts payable and accrued expenses | $92,857 |
| Grants payable | $0 |
| Deferred revenue | $1,078 |
| 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 | $4,346,488 |
| Other liabilities | $0 |
| Total liabilities | $4,440,423 |
| Net assets without donor restrictions | $874,223 |
| 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 | $5,314,646 |