Luminescence Foundation Inc
- Assets
- $31.1m
- Revenue
- $9.6m
- Investments
- $29.9m
- Employees
- 0
- Location
- Marshall, VA
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 54-1989253
Organization Overview
Luminescence Foundation Inc is located in Marshall, VA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Luminescence Foundation Inc 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, Luminescence Foundation Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luminescence Foundation Inc has awarded 314 individual grants totaling $10,076,420. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zohar Ben-Dov President/director | 0 | $0 | |
Lisa Ben-Dov Vice President/director | 0 | $0 | |
Tamar Ben-Dov Director | 0 | $0 | |
Ariella Ben-Dov Director | 0 | $0 | |
Andrew Albstein Director | 0 | $0 | |
Seth Brufsky Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $316,172 |
| Interest on Savings | $160,998 |
| Dividends & Interest | $434,022 |
| Net Rental Income | -$405,496 |
| Net Gain on Sale of Assets | $8,465,922 |
| Capital Gain Net Income | $8,465,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75,830 |
| Total Revenue | $9,617,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $22,832 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $948,385 |
| Total operating and administrative expenses | $1,004,686 |
| Contributions, gifts, grants paid | $3,201,105 |
| Total expenses and disbursements | $4,205,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,548 |
| 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 | $605,129 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $93,551 |
| Total assets | $31,072,313 |
| 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 | $79,050 |
| Total liabilities | $79,050 |
Grants Awarded
Over the last fiscal year, Luminescence Foundation Inc has awarded $3,201,105 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY FITNESS CENTER PURPOSE: GENERAL | $10,000 |
BARNS OF ROSE HILL PURPOSE: GENERAL | $10,000 |
THE ALS ASSOCIATION PURPOSE: GENERAL | $75,000 |
AMERICAN PRAIRIE RESERVE PURPOSE: GENERAL | $83,333 |
BLUE RIDGE HOSPICE PURPOSE: GENERAL | $3,500 |
HOPE'S LEGACY EQUINE RESCUE PURPOSE: GENERAL | $1,000 |