516 Light Foundation Inc
- Assets
- $13.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Aurora, IL
- Founding
- 08/2019
- Data as of
- 06/2023
- EIN
- 84-2763796
Organization Overview
516 Light Foundation Inc is located in North Aurora, IL. The organization was established in 2019. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 516 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 06/2023, 516 Light Foundation Inc generated $16.9k in total revenue. All expenses for the organization totaled $13.5k during the year ending 06/2023. While expenses have increased by 146.0% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
516LIGHTFOUNDATION WORKS TOWARDS HELPING FORMER ADDICTSSTAY SOBER ONCE OUT OF REHAB PROGRAMS THROUGH SCHOLARSHIPSAND SUPPORT NETWORKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Gerke Founder | 40 | $0 | |
Jessica Gerke Founder | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,877 |
| 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 | $16,877 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $485 |
| Other expenses | $300 |
| Total expenses | $13,485 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,203 |
| Other assets | $0 |
| Total assets | $13,203 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,203 |