Light And Shine Foundation
- Assets
- $269.3k
- Revenue
- $19.1k
- Investments
- $245.0k
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 01/2020
- Data as of
- 09/2023
- EIN
- 84-3595777
Organization Overview
Light And Shine Foundation is located in Mercer Island, WA. The organization was established in 2020. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light And Shine 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 09/2023, Light And Shine Foundation generated $19.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (45.9%) each year. All expenses for the organization totaled $10.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaoman Yang CEO | 2 | $0 | |
Xiao Kong CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $3,291 |
| Dividends & Interest | $9,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $393 |
| Printing and publications | $0 |
| Other expenses | $2,450 |
| Total operating and administrative expenses | $3,798 |
| Contributions, gifts, grants paid | $7,000 |
| Total expenses and disbursements | $10,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,266 |
| Savings and temporary cash investments | $0 |
| 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 | $245,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $269,266 |
| Accounts payable and accrued expenses | $4,133 |
| 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 | $4,133 |
Grants Awarded
Over the last fiscal year, Light And Shine Foundation has awarded $7,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCER ISLAND SCHOOL FOUNDATION PURPOSE: EDUCATIONAL | $5,000 |
BREAD OF LIFE CHRISTIAN CHURCH (BOLCC) PURPOSE: CHARITABLE | $2,000 |