Light Of Day Foundation Inc
- Assets
- $339.3k
- Revenue
- $397.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Allenhurst, NJ
- Founding
- 11/2004
- Data as of
- 12/2020
- EIN
- 20-1560386
Organization Overview
Light Of Day Foundation Inc is located in Allenhurst, NJ. The organization was established in 2004. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Of Day 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 12/2020, Light Of Day Foundation Inc generated $397.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $416.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Light Of Day Foundation Inc has awarded 32 individual grants totaling $1,393,111. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO FUND RESEARCH INTO POSSIBLE CURES, IMPROVED TREATMENTS AND SUPPORT PATIENTS WHO SUFFER FROM PARKINSON'S DISEASE, PSP AND ALS, AND TO ASSIST THEIR FAMILIES AND THEIR CAREGIVERS TO HELP IMPROVE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S CAMPAIGN TO INFORM, EDUCATE AND BRING AWARENESS TO PARKINSON'S DISEASE HAS BROUGHT NATIONWIDE ATTENTION TO THE DISEASE AND THE RESEARCH INTO A CURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio U Pallagrosi Executive Director | Officer | 20 | $42,500 |
Jean Mikle President | OfficerTrustee | 2 | $0 |
Joseph D'urso Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Streich Secretary | OfficerTrustee | 2 | $0 |
Robert L Benjamin Director | OfficerTrustee | 5 | $0 |
Robert D Dye Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,112 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,995 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
| 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. | $42,500 |
| Compensation of current officers, directors, key employees. | $4,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,670 |
| Advertising and promotion | $15,875 |
| Office expenses | $338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,202 |
| All other expenses | $8,398 |
| Total functional expenses | $416,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,277 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $339,277 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $339,277 |
| 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 | $339,277 |
Grants Awarded
Over the last fiscal year, Light Of Day Foundation Inc has awarded $205,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: CURE RESEARCH | $100,000 |
New York, NY PURPOSE: CURE RESEARCH | $60,000 |
New York, NY PURPOSE: CURE RESEARCH | $25,000 |
Red Bank, NJ PURPOSE: CURE RESEARCH | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Light Of Day Foundation Inc has recieved totaling $1,424.
| Awarding Organization | Amount |
|---|---|
Ansell Zaro Grimm & Aaronfoundation Ocean Township, NJ PURPOSE: UNRESTRICTED | $1,267 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Association For Frontotemporal Degeneration King Of Prussia, PA | $44,796,969 | $12,057,958 |
Childrens Oncology Group Foundation Philadelphia, PA | $22,837,173 | $7,487,855 |
Hope For Depression Research Foundation New York, NY | $59,831,359 | $6,866,948 |
Israel Cancer Research Fund Inc New York, NY | $17,015,756 | $7,146,502 |
Fox Chase Cancer Center Foundation Philadelphia, PA | $63,333,365 | $6,307,847 |
American Foundation For Children With Aids Inc Harrisburg, PA | $518,393 | $1,638,509 |
The Naspghan Foundation Ambler, PA | $6,522,780 | $1,880,637 |
Solving Kids Cancer Inc New York, NY | $2,774,299 | $676,733 |
The Pink Agenda Inc New York, NY | $1,020,239 | $1,086,406 |
Colon Cancer Challenge Foundation Port Chester, NY | $96,709 | $647,142 |
Hereditary Neuropathy Foundation Inc New York City, NY | $1,295,654 | $637,088 |
Kidney Cancer Coalition Inc Philadelphia, PA | $1,227,198 | $1,038,387 |