Emerging Light Foundation Inc
- Assets
- $3.2m
- Revenue
- $301.8k
- Investments
- $652.6k
- Employees
- 0
- Location
- Rockville, MD
- Founding
- Data as of
- 12/2022
- EIN
- 83-2803187
Organization Overview
Emerging Light Foundation Inc is located in Rockville, MD. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerging Light Foundation Inc 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, Emerging Light Foundation Inc generated $301.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (50.3%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Emerging Light Foundation Inc has awarded 17 individual grants totaling $7,113,210. 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 |
|---|---|---|---|
Kamal Ghaffarian CEO And President | 3 | $0 | |
Matthew Yetman Secretary/treasurer | 1 | $0 | |
Michael Gigliotti Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,280 |
| Dividends & Interest | $34,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $231,569 |
| Capital Gain Net Income | $239,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,275 |
| Total Revenue | $301,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,629 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $482 |
| Total operating and administrative expenses | $46,195 |
| Contributions, gifts, grants paid | $2,278,315 |
| Total expenses and disbursements | $2,324,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,994 |
| Savings and temporary cash investments | $47,888 |
| Net Accounts receivable | $1,500 |
| 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 | $2,475,183 |
| Total assets | $3,187,171 |
| Accounts payable and accrued expenses | $1,499 |
| 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 | $1,499 |
Grants Awarded
Over the last fiscal year, Emerging Light Foundation Inc has awarded $2,278,315 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LIMITLESS SPACE INSTITUTE INC PURPOSE: GENERAL SUPPORT | $1,748,000 |
MOUNT OLIVE BAPTIST CHURCH PURPOSE: HELP SUPPORT A SCHOOL IN AFRICA | $525,315 |
THE HOUSE DC INC PURPOSE: GENERAL SUPPORT | $5,000 |