The Light Factory
- Assets
- $118.1k
- Revenue
- $216.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 11/1977
- Data as of
- 06/2023
- EIN
- 51-0185359
Organization Overview
The Light Factory is located in Charlotte, NC. The organization was established in 1977. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Light Factory employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Factory 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 06/2023, Light Factory generated $216.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $237.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LIGHT FACTORY IS COMMITTED TO PHOTOGRAPHY AND FILM AS A MEANS OF ENRICHING LIVES AND TRANSFORMING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING PHOTOGRAPHY AND FILM AS FINE ARTS AND COMMUNICATIONS MEDIA THROUGH EDUCATION CLASSES, WORKSHOPS AND SUMMER CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Tuttle Executive Di | Officer | 40 | $52,500 |
Bryan Adams Board Member | Trustee | 2 | $0 |
Megan Gonzalez Board Member | Trustee | 2 | $0 |
Will Jenkins Board Member | Trustee | 2 | $0 |
Carla Lopez Board Member | Trustee | 2 | $0 |
Melissa Rood Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,560 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,559 |
| Total Program Service Revenue | $71,893 |
| Investment income | $2,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation of current officers, directors, key employees. | $10,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,804 |
| Advertising and promotion | $2,308 |
| Office expenses | $7,998 |
| Information technology | $7,427 |
| Royalties | $0 |
| Occupancy | $13,333 |
| Travel | $177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,393 |
| Insurance | $9,379 |
| All other expenses | $0 |
| Total functional expenses | $237,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,527 |
| Savings and temporary cash investments | $86,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,501 |
| Total assets | $118,128 |
| Accounts payable and accrued expenses | $3,459 |
| Grants payable | $0 |
| Deferred revenue | $597 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,056 |
| Net assets without donor restrictions | $114,072 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $118,128 |