Where There Is Light Foundation Inc
- Assets
- $529.8k
- Revenue
- $220.9k
- Investments
- $514.1k
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- Data as of
- 12/2022
- EIN
- 86-3149359
Organization Overview
Where There Is Light Foundation Inc is located in Boca Raton, FL. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Where There Is 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 12/2022, Where There Is Light Foundation Inc generated $220.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.0%) each year. All expenses for the organization totaled $280.4k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT OF 200000 GIVEN TO CLEVELAND CLINIC FOR RESEARCH CONDUCTED BY DR GACK
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah A Foertsch Secretarydirector | 1.5 | $0 | |
Paula M Mattera Presidentdirector | 5 | $24,000 | |
Vincent D Mattera Treasurerdirector | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,895 |
| 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 | $220,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,051 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $80,416 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $280,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,857 |
| Savings and temporary cash investments | $8,825 |
| 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 | $514,078 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $529,760 |
| 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 |