Civic Intelligence

Morning Light Foundation

990 • Fiscal year 2017 • EIN 20-3406668

Jan 01, 2017 to Dec 31, 2017 • Filed on May 09, 2018

2290 Huntington DriveSan Marino, CA 91108

(626) 281-1881

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

6.5%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,196,740

Up $111,228 (+10%) from 2016

Net Assets

Up

$1,196,740

Up $111,228 (+10%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$340,097

Up $20,761 (+6.5%) from 2016

Expenses

Up

$225,859

Up $23,785 (+12%) from 2016

Net Income

Down

$114,238

Down $3,024 (-2.6%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $713,329Liabilities 2011: $0Net Assets 2011: $713,3292011Assets 2012: $809,564Liabilities 2012: $0Net Assets 2012: $809,5642012Assets 2013: $852,734Liabilities 2013: $0Net Assets 2013: $852,7342013Assets 2014: $904,482Liabilities 2014: $0Net Assets 2014: $904,4822014Assets 2015: $961,114Liabilities 2015: $0Net Assets 2015: $961,1142015Assets 2016: $1,085,512Liabilities 2016: $0Net Assets 2016: $1,085,5122016Assets 2017: $1,196,740Liabilities 2017: $0Net Assets 2017: $1,196,7402017Assets 2018: $1,403,581Liabilities 2018: $0Net Assets 2018: $1,403,5812018Assets 2019: $1,754,911Liabilities 2019: $0Net Assets 2019: $1,754,9112019Assets 2020: $2,024,487Liabilities 2020: $0Net Assets 2020: $2,024,4872020Assets 2021: $2,311,107Liabilities 2021: $0Net Assets 2021: $2,311,1072021Assets 2022: $2,342,900Liabilities 2022: $0Net Assets 2022: $2,342,9002022Assets 2023: $2,602,395Liabilities 2023: $0Net Assets 2023: $2,602,3952023Assets 2024: $2,972,619Liabilities 2024: $0Net Assets 2024: $2,972,6192024Assets 2025: $3,271,325Liabilities 2025: $0Net Assets 2025: $3,271,3252025

Highlighted filing

2017

Assets$1,196,740
Liabilities$0
Net Assets$1,196,740

Operations Trend

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

$600K$400K$200K$0Revenue 2011: $270,158Expenses 2011: $231,580Net Income 2011: $38,5782011Revenue 2012: $275,604Expenses 2012: $193,404Net Income 2012: $82,2002012Revenue 2013: $264,037Expenses 2013: $211,631Net Income 2013: $52,4062013Revenue 2014: $272,609Expenses 2014: $213,634Net Income 2014: $58,9752014Revenue 2015: $324,513Expenses 2015: $257,810Net Income 2015: $66,7032015Revenue 2016: $319,336Expenses 2016: $202,074Net Income 2016: $117,2622016Revenue 2017: $340,097Expenses 2017: $225,859Net Income 2017: $114,2382017Revenue 2018: $442,861Expenses 2018: $236,447Net Income 2018: $206,4142018Revenue 2019: $534,202Expenses 2019: $222,867Net Income 2019: $311,3352019Revenue 2020: $288,888Expenses 2020: $52,740Net Income 2020: $236,1482020Revenue 2021: $233,440Expenses 2021: $105,121Net Income 2021: $128,3192021Revenue 2022: $289,357Expenses 2022: $173,812Net Income 2022: $115,5452022Revenue 2023: $311,766Expenses 2023: $183,366Net Income 2023: $128,4002023Revenue 2024: $399,768Expenses 2024: $240,743Net Income 2024: $159,0252024Revenue 2025: $402,050Expenses 2025: $372,188Net Income 2025: $29,8622025

Highlighted filing

2017

Revenue$340,097
Expenses$225,859
Net Income$114,238
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$344,737
Mission and Program Overview

Mission

The organization supports educational programs for disadvantaged students to be responsible and successful members of the society with passion and love.

The organization's mission and activities are to build and maintain schools in china and to provide scholarships to financial needy chinese students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,085,512$1,196,740▲ $111,228
Investments in Publicly Traded Securities$904,732$953,240▲ $48,508
Savings and Temporary Cash Investments$180,780$243,500▲ $62,720
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,085,512$1,196,740▲ $111,228
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,085,512$1,196,740▲ $111,228
Total Liabilities and Net Assets / Fund Balance$1,085,512$1,196,740▲ $111,228
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leo ChuChairman
Paul ZeePresident
Evans LamVice Chairman
Larry WongVice Chairman
Gigi KongVice President
Patrick KwokVice President
Angela FuDirector
Fanny ChanDirector
Lisa LauDirector
William ChowDirector
Ken LeungSecretary/V.P.
Aaron YoungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$327,137
Program Service Revenue
$0
Investment Income
$11,600
Other Revenue
$1,360
All Other Contributions
$322,437
Change in Net Assets
$114,238

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$40,483Market Value
Total Noncash Contributions2$40,483-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$218,080
Other Expenses$7,779
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$203,080--$203,080
Grants to Domestic Individuals$15,000--$15,000
Occupancy-$5,400-$5,400
Insurance-$627-$627
Fees for Services Accounting-$500-$500
Office Expenses-$417-$417
Other Expenses-$95-$95
Total Functional Expenses$218,080$7,779$0$225,859
International Activity

International Summary

Spending
$203,080

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificEducational Program ServScholarships00$203,080
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,000
Fundraising Direct Expenses$4,640
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Officers of the organization review and approve form 990 before filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All governing documents, policies and financial information of the orgainzation are available upon request.

Filing and Contact Details

Filer

Filer Name
Morning Light Foundation
EIN
20-3406668
Phone
6262811881
Address
2290 HUNTINGTON DRIVE, SAN MARINO, CA 91108

Signing Officer

Name
Paul Zee
Title
President
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
4

Preparer

Firm
Lee & Lee LLP
Address
2290 Huntington Drive Suite 200, San Marino, CA 91108-2639
Preparer
Pius Lee
Phone
6262811881
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1TAX AND LICENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0740
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt195
IRS990/OtherExpensesGrp/TotalAmt0740
IRS990/OtherExpensesGrp/TotalAmt195
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0307497
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0194600
IRS990/PYInvestmentIncomeAmt010878
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07474
IRS990/PYOtherRevenueAmt0961
IRS990/PYRevenuesLessExpensesAmt0117262
IRS990/PYTotalExpensesAmt0202074
IRS990/PYTotalRevenueAmt0319336
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0114238
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012960
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01085512
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01196740
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0180780
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0243500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0327137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0307497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0258495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0261757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0250895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01405781
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010878
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010593
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010852
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013142
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt057065
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53020
IRS990ScheduleA/PublicSupportPY170Pct00.52620
IRS990ScheduleA/PublicSupportTotal170Amt0775565
IRS990ScheduleA/SubstantialContributorsTotAmt0630216
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0327137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0307497
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0258495
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0261757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0250895
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01405781
IRS990ScheduleA/TotalSupportAmt01462846
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0203080
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SCHOLARSHIPS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0EDUCATIONAL PROGRAM SERV
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt0203080
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0BANK WIRE
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt0340
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0SCHOLARSHIP TO STUDENTS IN CHINA
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0203080
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0USE OF FUNDS ARE DECIDED AND APPROVED BY THE BOARD OF DIRECTORS AT QUARTERLY MEETINGS DURING THE YEAR.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/TotalSpentAmt0203080
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AMOUNT OF ANNUAL SCHOLARSHIP IS DISCUSSED AND DECIDED BY THE BOARD ON AN ANNUAL BASIS BASED ON THE TOTAL EARNINGS OF THE ORGANIZATION IN THE PREVIOUS YEAR AND THE NECESSITY OF THE SELECTED STUDENTS IN THE CURRENT YEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt040483
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS OF THE ORGANIZATION REVIEW AND APPROVE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION OF THE ORGAINZATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01085512
IRS990/TotalAssetsEOYAmt01196740
IRS990/TotalAssetsGrp/BOYAmt01085512
IRS990/TotalAssetsGrp/EOYAmt01196740
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0327137
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07779

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.$3.27$0.00$3.27$0.40$0.37$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.97$0.00$2.97$0.40$0.24$0.16
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.31$0.18$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.29$0.17$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$0.23$0.11$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.29$0.05$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.53$0.22$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.44$0.24$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.34$0.23$0.11
2016Summary only. Only limited summary data is available for this year.$1.09$0.00$1.09$0.32$0.20$0.12
2015Summary only. Only limited summary data is available for this year.$0.96$0.00$0.96$0.32$0.26$0.07
2014Summary only. Only limited summary data is available for this year.$0.90$0.00$0.90$0.27$0.21$0.06
2013Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$0.26$0.21$0.05
2012Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.28$0.19$0.08
2011Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.27$0.23$0.04