Find Your Light Foundation
- Assets
- $4.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 20-1731840
Organization Overview
Find Your Light Foundation is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public 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. Find Your Light 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 12/2022, Find Your Light Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $600.3k during the year ending 12/2022. While expenses have increased by 12.6% per year over the past 8 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.
Since 2015, Find Your Light Foundation has awarded 207 individual grants totaling $1,764,086. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO ENSURING THAT EVERY CHILD HAS THE OPPORTUNITY TO EXPERIENCE A QUALITY ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO STRENGTHEN NYC COMMUNITIES THROUGH MUSIC EDUCATION PROGRAMS THAT FOSTER THE DEVELOPMENT OF HUMAN VALUES, THRIVING CITIZENS, AND QUALITY ARTISTRY FOR AT RISK YOUTH
GRANT DEDICATED TO EDUCATING AND MEETING THE NEEDS OF TALENTED BLIND AND VISUALLY IMPAIRED YOUTH BY DEVELOPING THEIR UNIQUE MUSICAL, CREATIVE, ACADEMIC, SOCIAL AND PHYSICAL SKILLS.
GRANT DEDICATED TO CREATIVE WRITING AND MENTORING THAT PROMOTES CREATIVITY, CRITICAL THINKING, AND LEADERSHIP SKILLS TO EMPOWER TEEN GIRLS AND GENDER EXPANSIVE YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Groban President | OfficerTrustee | 3 | $0 |
Lindy Groban Vice President | OfficerTrustee | 8 | $0 |
Jack Groban Secretary | OfficerTrustee | 4 | $0 |
Christopher Groban Financial Officer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,050 |
| Noncash contributions included in lines 1a–1f | $55,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,050 |
| Total Program Service Revenue | $0 |
| Investment income | $102,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$121,907 |
| Net Income from Fundraising Events | $868,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,088,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $422,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,400 |
| Fees for services: Other | $31,200 |
| Advertising and promotion | $0 |
| Office expenses | $14,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,981 |
| 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 | $3,214 |
| All other expenses | $0 |
| Total functional expenses | $600,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,104 |
| Savings and temporary cash investments | $216,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,064 |
| 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 | $49,946 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,490,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,190 |
| Total assets | $4,920,375 |
| Accounts payable and accrued expenses | $13,677 |
| 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 | $13,677 |
| Net assets without donor restrictions | $0 |
| 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 | $4,906,698 |
| Total liabilities and net assets/fund balances | $4,920,375 |
Grants Awarded
Over the last fiscal year, Find Your Light Foundation has awarded $348,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
GUITARS ANTIQUA MUSIC PROGRAM PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS | $6,000 |
CREATIVE ARTS WORKSHOP FOR KIDS INC PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS | $7,500 |
CULTURE FOR ONE PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS | $10,000 |
THE UNUSUAL SUSPECTS THEATRE COMPANY PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS | $10,000 |
INTERNAL CREATIONS INC PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAM | $7,500 |
LIVING ARTS PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS | $10,000 |