Sunlight Foundation Inc
- Assets
- $2.8m
- Revenue
- $91.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 03/1970
- Data as of
- 12/2023
- EIN
- 72-0680573
Organization Overview
Sunlight Foundation Inc, operating under the name Sunlight Manor Inc, is located in Lake Charles, LA. The organization was established in 1970. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunlight Manor Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Sunlight Manor Inc generated $91.0k 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 (26.3%) each year. All expenses for the organization totaled $317.5k 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
SUNLIGHT FOUNDATION, INC. (THE "CORPORATION"), A NON-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF LOUISIANA AND HAVING ITS DOMICILE IN CALCASIEU PARISH, REPRESENTED HEREIN BY AND APPEARING THROUGH ITS DULY AUTHORIZED PRESIDENT, MARK G. MICHELL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS IRREVOCABLY DEDICATED TO, AND OPERATED EXCLUSIVELY FOR, NONPROFIT PURPOSES AND CHARITABLE, CIVIC, RELIGIOUS AND/OR EDUCATIONAL ACTIVITIES, AND NO PART OF THE INCOME OR ASSETS OF THE CORPORATION SHALL HE DISTRIBUTED TO NOR INURE TO THE BENOLIN OF APY INDIVIDUAL.
THE CORPORATION MAY DO AND PERFORM ALL ACTS REASONABLY NECESSARY TO ACCOMPLISH THE PURPOSES OF THE CORPORATION. THE CORPORATION MAY ENTER INTO ANY KIND OF ACTIVITY TO PERFORM AND CARRY OUT CONTRACTS OF ANY KIND NECESSARY TO, IN CONNECTION WITH OR INCIDENTAL TO THE ACCOMPLISHMENT OF THE PURPOSES OF THE CORPORATION. THE CORPORATION MAY PROVIDE FINANCIAL AND OTHER SUPPORT TO NEW SUNLIGHT BAPTIST CHURCH OF LOUISIANA, A LOUISIANA NON-PROFIT CORPORATION (THE "CHURCH"), INCLUDING, WITHOUR LIMITATION, THE DONATION OF MONEY AND/OR OTHER PROPERTY TO THE CHURCH.
THE CORPORATION MAY BUY, OWN, SELL, EXCHANGE, CONVEY, ASSIGN, MORTGAGE OR LEASE ANY INTEREST IN REAL ESTATE AND PERSONAL PROPERTY AND TO CONSTRUCT, MAINTAIN AND OPERATE IMPROVEMENTS.
. THE CORPORATION MAY BORROW MONEY AND ISSUE EVIDENCE OF INDEBTEDNESS IN FURTHERANCE OF ANY OR ALL OF THE OBJECTS OF ITS BUSINESS, AND TO SECURE THE SAME BY MORTGAGE, PLEDGE OR OTHER LIEN ON THE CORPORATION'S PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark G Mitchell Director | OfficerTrustee | 1 | $0 |
Frank W Jefferson Sec./tres/di | OfficerTrustee | 1 | $0 |
Frankie Aught Director | Trustee | 1 | $0 |
Mitchell Edwards Director | Trustee | 1 | $0 |
Harrison Franklin Director | Trustee | 1 | $0 |
Ruby G Jackson 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $56,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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 | $0 |
| Fees for services: Accounting | $2,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $15,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $317,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,625 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $2,743,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,823,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $379,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $379,573 |
| Net assets without donor restrictions | $2,443,473 |
| 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 | $2,823,046 |