Salt And Light Foundation
- Assets
- $3.8m
- Revenue
- $258.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Darien, IL
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-1126095
Organization Overview
Salt And Light Foundation is located in Darien, IL. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt And 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 12/2023, Salt And Light Foundation generated $258.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $379.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Salt And Light Foundation has awarded 27 individual grants totaling $1,189,973. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHURCH ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suganthi Appavu Secretary | 20 | $0 | |
Aramudhan Appavu President | 20 | $0 | |
Alethea Appavu Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,184 |
| Dividends & Interest | $60,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $186,918 |
| Capital Gain Net Income | $186,918 |
| Net ST Capital Gain | $186,918 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $257,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $12,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,133 |
| Depreciation | $13,641 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,858 |
| Printing and publications | $0 |
| Other expenses | $16,436 |
| Total operating and administrative expenses | $199,077 |
| Contributions, gifts, grants paid | $180,246 |
| Total expenses and disbursements | $379,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,833 |
| Savings and temporary cash investments | $39,648 |
| 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 | $1,756,862 |
| Other assets | $0 |
| Total assets | $3,832,501 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $493,844 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,420 |
| Total liabilities | $495,264 |
Grants Awarded
Over the last fiscal year, Salt And Light Foundation has awarded $180,246 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST TAMIL CHURCH PURPOSE: EDUCATION | $1,245 |
NEW GENERATIONS PURPOSE: CHARITABLE HEALTHCARE CLINIC | $5,000 |
NOT FORGOTTEN MINISTRIES PURPOSE: SUPPORT GROUP FOR WOMEN | $150,000 |
NEXT GENERATION YOUTH CHURCH PURPOSE: FOSTER AN ENVIRONMENT FOR YOUTH TO LEARN ABOUT GOD | $19,000 |
SELF ENQUIRY LIFE FELLOWSHIP PURPOSE: WORSHIP SERVICES | $5,001 |