The Light Rain Foundation
- Assets
- $805.2k
- Revenue
- $164.7k
- Investments
- $786.9k
- Employees
- 0
- Location
- Stillwater, NY
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-6461524
Organization Overview
The Light Rain Foundation is located in Stillwater, NY. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Light Rain 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, Light Rain Foundation generated $164.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $69.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Light Rain Foundation has awarded 104 individual grants totaling $234,490. 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 |
|---|---|---|---|
Jerry Meehan Trustee | 2 | $0 | |
Patricia Perrault Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,972 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,836 |
| Capital Gain Net Income | $48,836 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $164,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,090 |
| Total operating and administrative expenses | $9,594 |
| Contributions, gifts, grants paid | $59,590 |
| Total expenses and disbursements | $69,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,381 |
| 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 | $116,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $805,239 |
| 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, The Light Rain Foundation has awarded $59,590 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK MT CLUB PURPOSE: SUPPORT | $500 |
ALUMNI & FRIENDS OF LCHS PURPOSE: SUPPORT | $7,500 |
DOUBLE H RANCH PURPOSE: SUPPORT | $7,000 |
FRANKLIN COMMUNITY CENTER PURPOSE: SUPPORT | $14,000 |
MALTA STILLWATER EMS PURPOSE: SUPPORT | $2,000 |
MUSEUM OF INNOVATIVE SCIENCE PURPOSE: SUPPORT | $1,500 |