First Light Inc
- Assets
- $2.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 22
- Location
- Birmingham, AL
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 63-1197189
Organization Overview
First Light Inc is located in Birmingham, AL. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, First Light Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Light 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 06/2022, First Light Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORK WITH HOMELESS WOMEN AND CHILDREN TO CREATE HOSPITALITY IN A SAFE AND NURTURING COMMUNITY. TO ENCOURAGE THEM TO MAINTAIN DIGNITY, TO FIND HOPE, TO SEEK OPPURTUNITY, AND TO GROW SPIRITUALLY AND ACHEIVE FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK WITH HOMELESS WOMEN AND CHILDREN TO CREATE HOSPITALITY IN A SAFE AND NURTURING COMMUNITY. TO ENCOURAGE THEM TO MAINTAIN DIGNITY, TO FIND HOPE, TO SEEK OPPURTUNITY, AND TO GROW SPIRITUALLY AND ACHEIVE FULL POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Agnew Director | Trustee | 2 | $0 |
Melinda Burnett Director | Trustee | 2 | $0 |
Allison Chang-Roberts Director | Trustee | 2 | $0 |
Lucy Coker Director | Trustee | 2 | $0 |
Jeff Cowart Director | Trustee | 2 | $0 |
Arthur Edge III Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,383,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $881,392 |
| Noncash contributions included in lines 1a–1f | $93,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,264,717 |
| Total Program Service Revenue | $78,472 |
| Investment income | $2,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $228,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,573,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $549,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,386 |
| Compensation of current officers, directors, key employees. | $36,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,171 |
| Pension plan accruals and contributions | $13,717 |
| Other employee benefits | $97,494 |
| Payroll taxes | $49,520 |
| Fees for services: Management | $101,895 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,279 |
| Advertising and promotion | $0 |
| Office expenses | $24,089 |
| Information technology | $39,126 |
| Royalties | $0 |
| Occupancy | $224,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,885 |
| Insurance | $72,260 |
| All other expenses | $0 |
| Total functional expenses | $2,183,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,627 |
| Savings and temporary cash investments | $1,047,942 |
| Pledges and grants receivable | $125,173 |
| 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 | $1,258,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,855,073 |
| Accounts payable and accrued expenses | $43,696 |
| 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 | $43,696 |
| Net assets without donor restrictions | $2,811,377 |
| 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 | $2,855,073 |