Light & Salt Association
- Assets
- $3.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Houston, TX
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 76-0604950
Organization Overview
Light & Salt Association is located in Houston, TX. The organization was established in 2000. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Light & Salt Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light & Salt Association 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, Light & Salt Association generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
(1) CANCER: OFFER CANCER EDUCATION, EARLY DETECTION, AND SUPPORT IN GREATER HOUSTON AREA;(2) SPECIAL NEED: PROVIDE SERVICES FOR CHILDREN, ADULTS, AND FAMILIES WITH SPECIAL NEEDS;(3) NAVIGATOR: SUPPORT LOW INCOME PEOPLE TO PURCHASE INSURANCE THROUGH MARKETPLACE (AFFORDABLE CARE ACT);(4) RADIO: SPREAD KNOWLEDGE AND PROVIDE EDUCATION THROUGH RADIO BROADCASTING;(5) OTHER: CHARITY DONATION AND GRANT;(6) CLINIC: BUILD AND RUN A MEDICAL CLINIC TO SERVE LOW INCOME PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HEALTH CARE: SUPPORT LOW INCOME PEOPLE TO PURCHASE INSURANCE THROUGH MARKETPLACE (AFFORDABLE CARE ACT)
OTHER: CHARITY DONATION AND GRANT
CANCER: OFFER CANCER EDUCATION, EARLY DETECTION, AND SUPPORT IN GREATER HOUSTON AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Yuan Board Member | Trustee | 2 | $0 |
Fur-Jen Deng Chairman | Trustee | 2 | $0 |
William Sun Board Member | Trustee | 2 | $0 |
Jinping Fan Board Member | Trustee | 1 | $0 |
Ron Liu Board Member | Trustee | 2 | $0 |
Youfeng Li Treasurer | 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 | $1,613,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,613,341 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,613,341 |
| 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 | $429,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,161 |
| Office expenses | $0 |
| Information technology | $6,576 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,800 |
| Insurance | $26,812 |
| All other expenses | $53,336 |
| Total functional expenses | $1,413,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,949,152 |
| 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 | $1,084,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $3,033,790 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $764,314 |
| Other liabilities | $0 |
| Total liabilities | $764,314 |
| Net assets without donor restrictions | $756,492 |
| Net assets with donor restrictions | $1,512,984 |
| 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 | $3,033,790 |