Lightspark Foundation
- Assets
- $6.4m
- Revenue
- $563.4k
- Investments
- $4.4m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 81-3990658
Organization Overview
Lightspark Foundation is located in Salt Lake City, UT. The organization was established in 2018. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lightspark 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 12/2023, Lightspark Foundation generated $563.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $338.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lightspark Foundation has awarded 70 individual grants totaling $916,079. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACT GUILD: A NETWORK OF INDIVIDUALS WHO USE MEDIA ENTERTAINMENT AND OTHER FORMS OF STORYTELLING FOR SOCIAL GOOD AND HEALTHY DEMOCRACIES
IMPROVING UTAH: FOCUSES ON LOCAL INITIATIVES THAT ADDRESS HOMELESSNESS AND FOOD INSECURITY; RACIAL JUSTICE SOCIAL EQUITY AND CIVIL RIGHTS; AND ENVIRONMENTAL SUSTAINABILITY.
STRENGTHENING DEMOCRACY: THE FOUNDATION SUPPORTS NONPARTIZAN EFFORTS TO BOLSTER THE RAMPARTS OF OUR DEMOCRACY IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan M Ruga Director | 5 | $0 | |
Scott F Young Director | 1 | $0 | |
Jared M Ruga Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$64,601 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $427,770 |
| Total Revenue | $563,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,237 |
| Total operating and administrative expenses | $21,003 |
| Contributions, gifts, grants paid | $317,215 |
| Total expenses and disbursements | $338,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,959,367 |
| 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 | $7,214 |
| Total assets | $6,384,000 |
| Accounts payable and accrued expenses | $3,821 |
| 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 | $3,821 |
Grants Awarded
Over the last fiscal year, Lightspark Foundation has awarded $317,215 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEE PRESTON PURPOSE: TO FURTHER FOUNDATION'S INITIATIVES | $10,000 |
DEMOCRACY 2076 PURPOSE: TO FURTHER FOUNDATION'S INITIATIVES | $25,000 |
IMPACT GUILD PURPOSE: TO FURTHER FOUNDATION'S INITIATIVES | $25,000 |
EN GARDE ARTS PURPOSE: TO FURTHER FOUNDATION'S INITIATIVES | $5,000 |
PATRIOTIC MILLIONAIRES PURPOSE: TO FURTHER FOUNDATION'S INITIATIVES | $10,000 |
THE CREATIVE COALITION PURPOSE: TO FURTHER FOUNDATION'S INITIATIVES | $25,000 |