One Light Foundation
- Assets
- $6.5k
- Revenue
- $19.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Weddington, NC
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-4104900
Organization Overview
One Light Foundation is located in Weddington, NC. The organization was established in 2019. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One 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 12/2021, One Light Foundation generated $19.0k 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 (29.2%) each year. All expenses for the organization totaled $13.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSONAL EDUCATION ASSISTANCE FOR SETTLEMENT AND EDUCATION
INDIVIDUAL LOANS LESS THAN 1000 TO HELP WITH EDUCATION
DONATION TO ANOTHER CHARITABLE ORGANIZATION TO HELP EDUCATION
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,000 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,500 |
| Total operating and administrative expenses | $8,180 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $13,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,452 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,452 |
| 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, One Light Foundation has awarded $5,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NURIA RAHMAN PURPOSE: EDUCATION AND LIVING | $5,000 |
Hamtramck, MI PURPOSE: TO START OPERATING THE BUSINESS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fredericksburg Academy Fredericksburg, VA | $16,548,090 | $10,152,012 |
Frederica Academy Inc St Simons Island, GA | $20,227,220 | $10,623,621 |
Davidson Academy Nashville, TN | $9,350,690 | $10,499,283 |
Alliance Center For Education Inc Charlotte, NC | $4,798,728 | $11,149,397 |
Prince Avenue Christian School Bogart, GA | $12,500,832 | $11,587,333 |
Charlotte Lab School Inc Charlotte, NC | $2,473,798 | $9,342,978 |
Norfolk Christian Schools Norfolk, VA | $5,183,829 | $10,608,860 |
Greater Raleigh Area Christian Education Inc Raleigh, NC | $20,214,486 | $9,849,969 |
Ron Clark Academy Inc Atlanta, GA | $28,353,989 | $8,906,158 |
Fletcher Academy Inc Fletcher, NC | $20,973,040 | $8,984,005 |
Providence Christian Academy Inc Murfreesboro, TN | $30,942,854 | $9,389,173 |
Atlantic Shores Christian School Chesapeake, VA | $16,359,726 | $8,728,901 |