There Is A Light Foundation
- Assets
- $2.0m
- Revenue
- $438.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-3525074
Organization Overview
There Is A Light Foundation is located in Wilmington, DE. 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. There Is A 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 12/2022, There Is A Light Foundation generated $438.8k 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 (24.0%) each year.
Since 2021, There Is A Light Foundation has awarded 17 individual grants totaling $194,976. 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 |
|---|---|---|---|
Pejman Ben-Cohen Sec, Treas, VP | 1 | $0 | |
Arash Homampour Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $96 |
| Dividends & Interest | $35,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$98,983 |
| Capital Gain Net Income | $23,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $438,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,165 |
| Total operating and administrative expenses | $50,319 |
| Contributions, gifts, grants paid | $134,976 |
| Total expenses and disbursements | $185,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $558,313 |
| 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 | $2,018,776 |
| 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, There Is A Light Foundation has awarded $134,976 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR ADVOCACY INCLUSION AND RESOURCES PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
J TANG PURPOSE: SCHOLARSHIP GRANT | $4,988 |
J HANIE PURPOSE: SCHOLARSHIP GRANT | $5,000 |
B CHENERY PURPOSE: SCHOLARSHIP GRANT | $4,988 |
L BINDER PURPOSE: SCHOLARSHIP GRANT | $5,000 |
JONSSON CANCER CENTER FOUNDATION- UCLA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |