Morning Light Foundation Inc
- Assets
- $3.6m
- Revenue
- $285.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Atlanta, GA
- Founding
- 09/1967
- Data as of
- 12/2023
- EIN
- 58-6065584
Organization Overview
Morning Light Foundation Inc is located in Atlanta, GA. The organization was established in 1967. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Morning Light Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morning Light 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 12/2023, Morning Light Foundation Inc generated $285.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $399.4k during the year ending 12/2023. 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
IN ACCORD WITH ITS CHARTER, THE RELIGIOUS AND CHARITABLE PURPOSE OF MORNING LIGHT FOUNDATION, INC. IS TO PROVIDE CARE AND COMFORT TO STUDENTS OF CHRISTIAN SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISHING FULL-TIME VISITING CHRISTIAN SCIENCE NURSING SERVICES.
FURNISHING SHORT-TERM CHRISTIAN SCIENCE NURSING SERVICES AT MORNING LIGHT LODGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Weil Administrator | 40 | $139,150 | |
Steve Lane Secretary | OfficerTrustee | 1 | $0 |
Kaki Green Treasurer | OfficerTrustee | 1 | $0 |
Cheryl Peters President | OfficerTrustee | 1 | $0 |
Bill Blohm Vice President | OfficerTrustee | 1 | $0 |
Stacia Huff Director | Trustee | 1 | $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 | $169,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,646 |
| Total Program Service Revenue | $23,513 |
| Investment income | $66,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,100 |
| 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. | $139,150 |
| Compensation of current officers, directors, key employees. | $13,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,500 |
| Payroll taxes | $24,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,105 |
| Fees for services: Other | $2,935 |
| Advertising and promotion | $0 |
| Office expenses | $18,195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,638 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,393 |
| Insurance | $15,382 |
| All other expenses | $0 |
| Total functional expenses | $399,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,783 |
| 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 | $593,969 |
| Investments—publicly traded securities | $2,942,326 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,632,875 |
| Accounts payable and accrued expenses | $2,738 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,738 |
| Net assets without donor restrictions | $3,630,137 |
| 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 | $3,632,875 |