Civic Intelligence

Foundation of Light Inc.

990EZ • Fiscal year 2019 • EIN 16-1076804

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 17, 2019

391 Turkey Hill RdIthaca, NY 14850

(607) 273-9550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$27,378

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 33.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

34th percentile

-5.6%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-8.1%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$459,826

Down $27,068 (-5.6%) from 2018

Net Assets

Down

$459,826

Down $27,068 (-5.6%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$81,538

Down $7,201 (-8.1%) from 2018

Expenses

Up

$108,606

Up $27,767 (+34%) from 2018

Net Income

Down

-$27,068

Down $34,968 (-443%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $334,946Liabilities 2011: $2,0002011Assets 2012: $559,427Liabilities 2012: $500Net Assets 2012: $558,9272012Assets 2013: $530,662Liabilities 2013: $500Net Assets 2013: $530,1622013Assets 2014: $519,958Liabilities 2014: $0Net Assets 2014: $519,9582014Assets 2015: $499,429Liabilities 2015: $0Net Assets 2015: $499,4292015Assets 2016: $500,348Liabilities 2016: $0Net Assets 2016: $500,3482016Assets 2017: $478,994Liabilities 2017: $0Net Assets 2017: $478,9942017Assets 2018: $486,894Liabilities 2018: $0Net Assets 2018: $486,8942018Assets 2019: $459,826Liabilities 2019: $0Net Assets 2019: $459,8262019Assets 2020: $457,822Liabilities 2020: $6,250Net Assets 2020: $451,5722020Assets 2021: $475,309Liabilities 2021: $0Net Assets 2021: $475,3092021Assets 2022: $420,991Liabilities 2022: $0Net Assets 2022: $420,9912022Assets 2023: $379,667Liabilities 2023: $0Net Assets 2023: $379,6672023Assets 2024: $606,854Liabilities 2024: $12,618Net Assets 2024: $594,2362024Assets 2025: $575,372Liabilities 2025: $2,354Net Assets 2025: $573,0182025

Highlighted filing

2019

Assets$459,826
Liabilities$0
Net Assets$459,826

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $56,403Expenses 2011: $56,410Net Income 2011: -$72011Expenses 2012: $72,0492012Expenses 2013: $80,1632013Revenue 2014: $54,407Expenses 2014: $64,610Net Income 2014: -$10,2032014Revenue 2015: $59,974Expenses 2015: $76,530Net Income 2015: -$16,5562015Revenue 2016: $83,820Expenses 2016: $82,900Net Income 2016: $9202016Revenue 2017: $64,567Expenses 2017: $85,921Net Income 2017: -$21,3542017Revenue 2018: $88,739Expenses 2018: $80,839Net Income 2018: $7,9002018Revenue 2019: $81,538Expenses 2019: $108,606Net Income 2019: -$27,0682019Revenue 2020: $77,394Expenses 2020: $85,648Net Income 2020: -$8,2542020Revenue 2021: $105,180Expenses 2021: $81,443Net Income 2021: $23,7372021Revenue 2022: $43,199Expenses 2022: $97,517Net Income 2022: -$54,3182022Revenue 2023: $50,231Expenses 2023: $91,555Net Income 2023: -$41,3242023Revenue 2024: $294,366Expenses 2024: $80,816Net Income 2024: $213,5502024Revenue 2025: $100,822Expenses 2025: $128,335Net Income 2025: -$27,5132025

Highlighted filing

2019

Revenue$81,538
Expenses$108,606
Net Income-$27,068
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$81,538
Mission and Program Overview

Mission

To promote spiritual understanding and practice as found in all the world's great religions, in accordance with divine purpose or cosmic law.

To provide weekly church services, meditation, and religious study groups.

Program Services

DescriptionGrantsExpenses
TO PROMOTE SPIRITUAL UNDERSTANDING AND PRACTICE AS FOUND IN ALL THE WORLD'S GREAT RELIGIONS, IN ACCORDANCE WITH DIVINE PURPOSE OR COSMIC LAW.$0$81,415
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MELISSA HOFFMANSecretaryPT$27,378-$27,378
DIANE OLDENDirector-$0--
MARNE O'SHAEPresident-$0--
AZAD VOLCKHAUSENVice President-$0--
IRA KAMPTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Foundation of Light Inc
EIN
16-1076804
Phone
6072739550
Address
391 TURKEY HILL RD, ITHACA, NY 14850

Signing Officer

Name
Melissa Hoffman
Title
Secretary
Phone
6072739550
Signed
2019-10-17
Discuss with paid preparer
Yes

Preparer

Firm
Sciarabba Walker & Co Llp
Address
410 EAST UPLAND ROAD, ITHACA, NY 14850
Preparer
Svetlana a Svetlichnaya
Phone
6072725550
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 187.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: misc income. Amount: 3,469.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 14,885.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: payroll expense. Amount: 7,647. Description: advertising expense. Amount: 475. Description: office expenses. Amount: 2,495. Description: occupancy expense. Amount: 25,867. Description: insurance expense. Amount: 4,910. Description: fed tax. Amount: 411. Description: state tax. Amount: 250. Description: bank fees. Amount: 38. Description: postage and delivery. Amount: 10. Total to form 990-ez, line 16: 42,103.

Raw XML Appendix209 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PhoneNum06072739550
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OrganizationHadUBIInd01
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt042103
IRS990EZ/OtherRevenueTotalAmt03469
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROMOTE SPIRITUAL UNDERSTANDING AND PRACTICE AS FOUND IN ALL THE WORLD'S GREAT RELIGIONS, IN ACCORDANCE WITH DIVINE PURPOSE OR COSMIC LAW.
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FOUNDATIONOFLIGHT.ORG
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0675
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0129231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt023704
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 187.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MISC INCOME. AMOUNT: 3,469.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 14,885.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PAYROLL EXPENSE. AMOUNT: 7,647. DESCRIPTION: ADVERTISING EXPENSE. AMOUNT: 475. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,495. DESCRIPTION: OCCUPANCY EXPENSE. AMOUNT: 25,867. DESCRIPTION: INSURANCE EXPENSE. AMOUNT: 4,910. DESCRIPTION: FED TAX. AMOUNT: 411. DESCRIPTION: STATE TAX. AMOUNT: 250. DESCRIPTION: BANK FEES. AMOUNT: 38. DESCRIPTION: POSTAGE AND DELIVERY. AMOUNT: 10. TOTAL TO FORM 990-EZ, LINE 16: 42,103.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA HOFFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06072739550
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION OF LIGHT INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0161076804
ReturnHeader/Filer/PhoneNum06072739550
ReturnHeader/Filer/USAddress/AddressLine1Txt0391 TURKEY HILL RD
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00A33C264FA1FCCAC2D8BC59ED388F558F676C7BA
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.152.125.150
ReturnHeader/FilingSecurityInformation/IPDt02019-10-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:57:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161071694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 EAST UPLAND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072725550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SVETLANA A SVETLICHNAYA
ReturnHeader/ReturnTs02019-10-17T09:58:26-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.75$0.02$5.73$1.01$1.28$0.28
2024Detailed filing. Detailed filing data is available for this year.$6.07$0.13$5.94$2.94$0.81$2.14
2023Detailed filing. Detailed filing data is available for this year.$3.80$0.00$3.80$0.50$0.92$0.41
2022Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.43$0.98$0.54
2021Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$1.05$0.81$0.24
2020Detailed filing. Detailed filing data is available for this year.$4.58$0.06$4.52$0.77$0.86$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.60$0.00$4.60$0.82$1.09$0.27
2018Detailed filing. Detailed filing data is available for this year.$4.87$0.00$4.87$0.89$0.81$0.08
2017Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.65$0.86$0.21
2016Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$0.84$0.83$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$0.60$0.77$0.17
2014Summary only. Only limited summary data is available for this year.$5.20$0.00$5.20$0.54$0.65$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.01$5.30$0.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$0.01$5.59$0.72
2011Summary only. Only limited summary data is available for this year.$3.35$0.02$0.56$0.56$0.00