The information for Twinray Illuminations is as of the organization's most recent filing in December '21. This organization is located in Ashland, OR. It has been in existence for 3 years, following its founding in 2018.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Twinray Illuminations' NTEE code is X99. The "X" indicates that the organization is classified as Religion-Related. The "99" suggests that the organization falls under the category of Religion-Related N.E.C. According to the NTEE code, Twinray Illuminations is an organization that provides services related to religion, where a more specific code cannot be accurately assigned. Examples of such services may include Unitarianism, Taoism, Sikhs, Zoroastrism, Atheism, Actualism, Theosophy, Bahaism, and references to miracles.
The organization is also classified under section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations. This indicates that Twinray Illuminations is engaged in work related to these areas.
To understand the organization's purpose more clearly, it is essential to look at its mission statement. Twinray Illuminations is a non-denominational religious organization whose purpose is divinely inspired holistic services. This suggests that the organization aims to provide holistic services guided by divine inspiration.
This non-denominational religious organization provides divinely inspired holistic services. The organization's general fund encompasses all revenues, support, and functional expenses that are not specifically reported by another fund or program.
Twinray Illuminations is run by Akasha Sananda, who is the President of the organization. The organization does not have any employees and does not pay anyone over $100k per year. However, they do have one volunteer who supports the work of the organization.
Based on the information provided, it is evident that Twinray Illuminations, the non-profit organization in question, lacks proper governance practices. With only two voting members and no independent members, the organization lacks diversity and independent oversight, which are crucial for effective decision-making and avoiding conflicts of interest. Furthermore, the absence of documented board and committee meetings raises concerns about transparency and accountability within the organization. Without documented meetings, it becomes challenging to track discussions, decisions, and actions taken by the board and committees. This lack of documentation can hinder proper governance and make it difficult to ensure that the organization's operations align with its mission and values. Moreover, the absence of conflict of interest policies, whistleblower policies, and document retention policies further indicates a lack of robust governance practices. These policies are essential for promoting ethical conduct, addressing conflicts of interest, protecting whistleblowers, and ensuring proper record-keeping. Additionally, the organization's failure to substantiate and review leadership and officer's salaries raises concerns about financial transparency and accountability. Without proper review and documentation, it becomes challenging to ensure that compensation practices are fair and reasonable. Overall, based on the information provided, Twinray Illuminations appears to have significant gaps in its governance practices. It is crucial for the organization to address these deficiencies and implement proper governance policies and procedures to ensure transparency, accountability, and effective decision-making.
Based on the provided information, it can be concluded that Twinray Illuminations, a nonprofit organization, has experienced significant growth over the given time period. The organization's contributions and grants received increased from $230.3K in 2018 to $1.9M in 2021, indicating a substantial increase in financial support. Additionally, the total revenue also increased from $303.0K in 2018 to $1.9M in 2021, further indicating growth in the organization's overall financial health. Despite a slight decrease in investment income from $72.7K in 2018 to $73 in 2021, this decline is overshadowed by the significant increase in contributions and grants received. The organization's total expenses also increased from $57.4K in 2018 to $1.9M in 2021, which suggests that Twinray Illuminations has expanded its operations and initiatives. However, the number of total volunteers and employee salaries remained the same over the given time period, indicating stability in these areas. Overall, Twinray Illuminations has demonstrated substantial growth in terms of financial resources and operational capacity.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Akasha Sananda President | Trustee | 40 | $25,953 |
Miananda Shekinah Secretary | Trustee | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,900,509 |
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 | $1,900,509 |
Total Program Service Revenue | $0 |
Investment income | $73 |
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 | $1,900,582 |
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. | $25,953 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,144 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,985 |
Fees for services: Management | $52,000 |
Fees for services: Legal | $14,226 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $12,397 |
Office expenses | $31,858 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $38,577 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $73,673 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,625 |
Insurance | $7,204 |
All other expenses | $150,980 |
Total functional expenses | $1,892,548 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $763,472 |
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 | $1,331,603 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $110,000 |
Total assets | $2,205,075 |
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 | $0 |
Other liabilities | $519,177 |
Total liabilities | $519,177 |
Net assets without donor restrictions | $1,685,898 |
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 | $2,205,075 |
Over the last fiscal year, we have identified 3 grants that Twinray Illuminations has recieved totaling $206,249.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $170,999 |
Carmel Hill Fund New York, NY PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $30,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $5,250 |
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