Lightwave Education
- Assets
- $740.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 10/2011
- Data as of
- 12/2017
- EIN
- 27-3170555
Organization Overview
Lightwave Education is located in Bakersfield, CA. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lightwave Education 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 12/2017, Lightwave Education generated $26.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $25.2k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 2 years. 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
2017
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SUPPRTS FREEDDOM SCHOOL WHERE 15 CHILDREN AND THEIR FAMILIES PARTICIPATE IN A 6-WEEK SUMMER LITERACY PROGRAM, MOST FAMILIES ARE LOW INCOME OR UNDERSERVED. CHILDREN RECEIVE EDUCATIONAL AND NUTRITIONAL SERVICES AS WELL AS MENTORING AND LEADERSHIP DEVELOPMENT.
THE ORGANIZATION SUPPRTS FREEDDOM SCHOOL WHERE 15 CHILDREN AND THEIR FAMILIES PARTICIPATE IN A 6-WEEK SUMMER LITERACY PROGRAM, MOST FAMILIES ARE LOW INCOME OR UNDERSERVED. CHILDREN RECEIVE EDUCATIONAL AND NUTRITIONAL SERVICES AS WELL AS MENTORING AND LEADERSHIP DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Watson President | 20 | $8,696 | |
Dan Harrison Vice President | 5 | $0 | |
Lawain Powell Treasurer | 10 | $0 | |
Katherine Darnell Secretary | 2 | $0 | |
Lisa Watson President | 20 | $8,696 | |
Dan Harrison Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,046 |
| Total Program Service Revenue | $2,237 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,283 |
| 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 | $20,203 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,978 |
| Total expenses | $25,181 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $740 |
| Other assets | $0 |
| Total assets | $740 |
| Total liabilities | $0 |
| Net assets or fund balances | $740 |