Lighten Family Foundation
- Assets
- $4.4m
- Revenue
- $345.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-8069108
Organization Overview
Lighten Family Foundation is located in Wilmington, DE. The organization was established in 2007. 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. Lighten Family 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 12/2023, Lighten Family Foundation generated $345.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $175.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lighten Family Foundation has awarded 186 individual grants totaling $3,888,710. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne J Lighten VP | 1 | $0 | |
Alexis N Lighten VP | 1 | $0 | |
Christopher W Lighten VP | 1 | $0 | |
Michael D Lighten VP | 1 | $0 | |
William E Lighten Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,449 |
| Dividends & Interest | $128,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $211,840 |
| Capital Gain Net Income | $211,840 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,943 |
| Total Revenue | $345,259 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,597 |
| Total operating and administrative expenses | $53,390 |
| Contributions, gifts, grants paid | $122,500 |
| Total expenses and disbursements | $175,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,970 |
| 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 | $273,448 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,382,111 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Lighten Family Foundation has awarded $122,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN JESUIT PREP PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
CENTER CHAPEL MISSIONARY BAPTIST CHURCH PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
CITY OF NEW ROCHELLE - YOUTH BUREAU PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
DIVINE FAVOR & FELLOWSHIP MINISTRIES PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
GRACE BAPTIST CHURCH PURPOSE: GENERAL & UNRESTRICTED | $16,000 |
NAACP LEGAL DEFENSE AND EDUCATIONAL FUND INC PURPOSE: GENERAL & UNRESTRICTED | $75,000 |