Lovelight Foundation Inc
- Assets
- $0.0
- Revenue
- $29.2k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 04/1993
- Data as of
- 12/2019
- EIN
- 38-3092224
Organization Overview
Lovelight Foundation Inc is located in West Palm Beach, FL. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2019, Lovelight Foundation Inc generated $29.2k 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 (11.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2019. 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 |
|---|---|---|---|
Julie Fisher Cummings Trustee | 1 | $0 | |
Caroline Cummings Rafferty President | 1 | $0 | |
Peter F Cummings Trustee | 1 | $0 | |
Lindi Kanine Secretary/treasurer | 1 | $1,256 | |
Alissandra Aronow Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,849 |
| Capital Gain Net Income | $12,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,208 |
| Total Revenue | $29,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,256 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $524 |
| Total operating and administrative expenses | $14,433 |
| Contributions, gifts, grants paid | $1,108,683 |
| Total expenses and disbursements | $1,123,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Lovelight Foundation Inc has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FCSW FOUNDATION PURPOSE: GENERAL SUPPORT OF PROGRAMS | $2,500 |
PACE CENTER FOR GIRLS PURPOSE: SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |