Light Of Chance
- Assets
- $185.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 84-1721551
Organization Overview
Light Of Chance is located in Bowling Green, KY. The organization was established in 2008. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Of Chance 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 Of Chance generated $73.8k 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 (5.6%) each year. All expenses for the organization totaled $73.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
LIGHT OF CHANCE, INCORPORATED FACILITATES KNOWLEDGE, OPPORTUNITY, INSPIRATION, AND ACHIEVEMENT TO BUILD POSITIVE INTERPERSONAL RELATIONSHIPS, WHILE UNITING AND RESTORING NEW LIFE WITHIN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Logan Executive Di | 40 | $0 | |
Aurelia Spaulding Chairman | 1 | $0 | |
Mary Rhea Ashby Director | 1 | $0 | |
Carlos Bailey Director | 1 | $0 | |
Scott Mason Director | 1 | $0 | |
Julia Sizemore Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,750 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $73,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,826 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $18,082 |
| Printing, publications, postage, and shipping | $106 |
| Other expenses | $11,943 |
| Total expenses | $73,657 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185 |
| Other assets | $0 |
| Total assets | $185 |
| Total liabilities | $0 |
| Net assets or fund balances | $185 |