Salt And Light Foundation
- Assets
- $2.9m
- Revenue
- $167.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 72-1397322
Organization Overview
Salt And Light Foundation is located in Tupelo, MS. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Salt And Light Foundation 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, Salt And Light Foundation generated $167.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $322.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Salt And Light Foundation has awarded 51 individual grants totaling $813,000. 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 |
|---|---|---|---|
Sam Potts President | 2 | $0 | |
Jennifer P White V. President | 1 | $0 | |
Chris B Potts Sec./treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,148 |
| Interest on Savings | $234 |
| Dividends & Interest | $52,317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,773 |
| Capital Gain Net Income | $9,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $195 |
| Total operating and administrative expenses | $9,350 |
| Contributions, gifts, grants paid | $313,000 |
| Total expenses and disbursements | $322,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,570 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,945,441 |
| 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, Salt And Light Foundation has awarded $313,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL MINISTRIES | $25,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL MINISTRIES | $35,000 |
RUF PURPOSE: GENERAL MINISTRIES | $25,000 |
REDEEMER PRESBYTERIAN CHURCH PURPOSE: GENERAL MINISTRIES | $20,000 |
ALONGSIDE U PURPOSE: GENERAL MINISTRIES | $5,000 |
REDWOOD CHURCH PURPOSE: GENERAL MINISTRIES | $5,000 |