Emerging Light Foundation Inc
- Assets
- $6.3m
- Revenue
- $71.7k
- Investments
- $3.7m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- Data as of
- 12/2021
- EIN
- 83-2803187
Organization Overview
Emerging Light Foundation Inc is located in Rockville, MD. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerging Light 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 12/2021, Emerging Light Foundation Inc generated $71.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Emerging Light Foundation Inc has awarded 14 individual grants totaling $4,834,895. 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 |
|---|---|---|---|
Kamal Ghaffarian CEO And President | 3 | $0 | |
Matthew Yetman Secretary/treasurer | 1 | $0 | |
Michael Gigliotti Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $343 |
| Dividends & Interest | $66,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,651 |
| Capital Gain Net Income | $7,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,774 |
| Total Revenue | $71,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,402 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,958 |
| Total operating and administrative expenses | $36,760 |
| Contributions, gifts, grants paid | $2,076,000 |
| Total expenses and disbursements | $2,112,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,994 |
| Savings and temporary cash investments | $16,220 |
| Net Accounts receivable | $19,050 |
| 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 | $2,570,343 |
| Total assets | $6,271,792 |
| Accounts payable and accrued expenses | $1,014 |
| 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 | $1,014 |
Grants Awarded
Over the last fiscal year, Emerging Light Foundation Inc has awarded $2,076,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GENERAL SUPPORT | $1,786,500 |
MOUNT OLIVE BAPTIST CHURCH PURPOSE: HELP SUPPORT A SCHOOL IN AFRICA | $184,500 |
Alexandria, VA PURPOSE: GENERAL SUPPORT | $50,000 |
Leesburg, VA PURPOSE: GENERAL SUPPORT | $50,000 |
THE HOUSE DC INC PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emerging Light Foundation Inc Rockville, MD | $6,271,792 | $71,704 |
National Community Foundation Wilmington, DE | $8,743,100 | $1,141,267 |
Monumental Scholars Fund Inc Washington, DC | $969,121 | $585,753 |
Lutheran Center Corporation Baltimore, MD | $6,887,945 | $824,907 |
John Barnes Trustees Inc Jenkintown, PA | $25,392,688 | $605,311 |
The Jerusalem Connection Richmond, VA | $1,897,803 | $589,284 |
Orthodox Ministry Services Pittsburgh, PA | $60,069 | $647,145 |
Young Jin Moon Charitable Foundation Greeley, PA | $9,309,287 | $258,098 |
Generosity Foundation Reston, VA | $647,620 | $473,778 |
Johnston Jean Fbo Presbyt Ch Etaltr Pittsburgh, PA | $0 | $455,746 |
Ministering To Ministers Foundation Inc Richmond, VA | $423,680 | $121,088 |
Islamic-American Zakat Foundation Bethesda, MD | $458,447 | $460,718 |