Civic Intelligence

World Light Foundation

990 • Fiscal year 2017 • EIN 20-8035570

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization ProfileN/A
2140 S Hacienda Blvd Suite AHacienda Heights, CA 91745

(626) 272-8288

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

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

50th percentile

4.1%

Faster revenue growth than 50% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,301,588

Up $132,019 (+11%) from 2016

Net Assets

Up

$1,301,588

Up $132,019 (+11%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin97th percentile

Revenue

Up

$156,934

Up $6,222 (+4.1%) from 2016

Expenses

Down

$24,915

Down $14,269 (-36%) from 2016

Net Income

Up

$132,019

Up $20,491 (+18%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $577,945Liabilities 2011: $0Net Assets 2011: $577,9452011Assets 2012: $690,542Liabilities 2012: $0Net Assets 2012: $690,5422012Assets 2013: $813,749Liabilities 2013: $0Net Assets 2013: $813,7492013Assets 2014: $940,128Liabilities 2014: $0Net Assets 2014: $940,1282014Assets 2015: $1,058,041Liabilities 2015: $0Net Assets 2015: $1,058,0412015Assets 2016: $1,169,569Liabilities 2016: $0Net Assets 2016: $1,169,5692016Assets 2017: $1,301,588Liabilities 2017: $0Net Assets 2017: $1,301,5882017Assets 2018: $1,459,574Liabilities 2018: $0Net Assets 2018: $1,459,5742018Assets 2019: $1,556,958Liabilities 2019: $02019Assets 2020: $1,791,506Liabilities 2020: $0Net Assets 2020: $1,791,5062020Assets 2021: $2,251,118Liabilities 2021: $0Net Assets 2021: $2,251,1182021Assets 2022: $2,530,651Liabilities 2022: $0Net Assets 2022: $2,530,6512022Assets 2023: $2,932,065Liabilities 2023: $0Net Assets 2023: $2,932,0652023Assets 2024: $3,349,780Liabilities 2024: $0Net Assets 2024: $3,349,7802024

Highlighted filing

2017

Assets$1,301,588
Liabilities$0
Net Assets$1,301,588
Open 2017 Filing

Operations Trend

Revenue Growth50th percentile

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

$800K$600K$400K$200K$0Revenue 2011: $108,773Expenses 2011: $7,452Net Income 2011: $101,3212011Revenue 2012: $120,437Expenses 2012: $7,840Net Income 2012: $112,5972012Revenue 2013: $136,180Expenses 2013: $12,973Net Income 2013: $123,2072013Revenue 2014: $144,439Expenses 2014: $18,060Net Income 2014: $126,3792014Revenue 2015: $140,734Expenses 2015: $22,821Net Income 2015: $117,9132015Revenue 2016: $150,712Expenses 2016: $39,184Net Income 2016: $111,5282016Revenue 2017: $156,934Expenses 2017: $24,915Net Income 2017: $132,0192017Revenue 2018: $195,200Expenses 2018: $37,214Net Income 2018: $157,9862018Revenue 2019: $186,082Expenses 2019: $88,698Net Income 2019: $97,3842019Revenue 2020: $351,820Expenses 2020: $117,272Net Income 2020: $234,5482020Revenue 2021: $576,747Expenses 2021: $117,135Net Income 2021: $459,6122021Revenue 2022: $382,840Expenses 2022: $103,307Net Income 2022: $279,5332022Revenue 2023: $546,476Expenses 2023: $145,062Net Income 2023: $401,4142023Revenue 2024: $645,999Expenses 2024: $228,284Net Income 2024: $417,7152024

Highlighted filing

2017

Revenue$156,934
Expenses$24,915
Net Income$132,019
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$156,934
Mission and Program Overview

Mission

(1)to award grants to students with interest in insurance industry and provide internship opportunities. (2) to assist in public seminars that advocate mental health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$327,994$419,527▲ $91,533
Cash and Non-Interest-Bearing Accounts$2,531$2,990▲ $459
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,169,569$1,301,588▲ $132,019
Other Assets Total$839,044$879,071▲ $40,027
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,169,569$1,301,588▲ $132,019
Total Net Assets Fund Balance$1,169,569$1,301,588▲ $132,019
Total Liabilities and Net Assets / Fund Balance$1,169,569$1,301,588▲ $132,019

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$879,071--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Joan Quang HangPresident
Barry R LoDirector
I-hsin LiuDirector
Angela L ChangCFO
Chung Hwei ChangSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$105,900
Program Service Revenue
$0
Investment Income
$51,034
Other Revenue
$0
All Other Contributions
$105,900
Change in Net Assets
$132,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,950
Other Expenses$9,965
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$14,950--$14,950
Fees for Services Legal-$7,690-$7,690
Fees for Services Accounting-$1,900-$1,900
Other Expenses-$5-$5
Interest-$2-$2
Total Functional Expenses$14,950$9,965$0$24,915
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
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

“The tax returns are provided for the Board of Directors to reviewing before it is sgined and filed by the organization's officer”

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

“No documents available to the public.”

PART VI, LINE 12C:

“The board of directors of the organization's board adopted a coi policy that requires decision-making on any transaction that would affect their personal interest conflicts to be effected only by action of the entire board. Question as to whether an individual has a conflict falling within the policy is decided by the board, not including in its vote the party whose potential conflict is at issue.”

Part VI, Line 15A and 15B:

“All of the board of directors are non-paid volunteers, thus receiving no compensation.”

Part VI, Line 19:

“The COI policy and final FINANCIAL STATEMENT FOR THE MOST RECENTLY-COMPLETED YEAR ARE PROVIDED UPON REQUEST. ARTICLES OF INCORPORATION AND BY-LAWS ARE NORMALLY NOT PROVIDED.”

Filing and Contact Details

Filer

Filer Name
World Light Foundation
EIN
20-8035570
Phone
6262728288
Address
2140 S HACIENDA BLVD SUITE A, HACIENDA HEIGHTS, CA 91745

Signing Officer

Name
Chung Hwei Chang
Title
Secretary
Phone
6262728288
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Sun Accountancy Corporation
Address
301 W Valley Blvd 219, San Gabriel, CA 91776
Preparer
Linda Sun
Phone
6264576118
Supplemental Narrative

Additional Explanations

PART V, LINE 3B:

“No unrelated business income incurred during the tax year (thus, -0- is entered upon Part I, Line 7B)”

PARTV, LINE 13A:

“This organization is not a 501(3)(29) qualified noprofit health insurance issuer.”

Raw XML Appendix374 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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IRS990ScheduleA/InvestmentIncomeCYPct00.20830
IRS990ScheduleA/InvestmentIncomePYPct00.19640
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.79170
IRS990ScheduleA/PublicSupportPY509Pct00.80360
IRS990ScheduleA/PublicSupportTotal509Amt0542810
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0105900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0121950
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0106750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt097060
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0111150
IRS990ScheduleA/Total509Grp/TotalAmt0542810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0133069
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0150021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0130048
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0126704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0145788
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0685630
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0879071
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH INVESTMENTS
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0879071
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The tax returns are provided for the Board of Directors to reviewing before it is sgined and filed by the organization's officer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No unrelated business income incurred during the tax year (thus, -0- is entered upon Part I, Line 7B)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS OF THE ORGANIZATION'S BOARD ADOPTED A COI POLICY THAT REQUIRES DECISION-MAKING ON ANY TRANSACTION THAT WOULD AFFECT THEIR PERSONAL INTEREST CONFLICTS TO BE EFFECTED ONLY BY ACTION OF THE ENTIRE BOARD. QUESTION AS TO WHETHER AN INDIVIDUAL HAS A CONFLICT FALLING WITHIN THE POLICY IS DECIDED BY THE BOARD, NOT INCLUDING IN ITS VOTE THE PARTY WHOSE POTENTIAL CONFLICT IS AT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All of the board of directors are non-paid volunteers, thus receiving no compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The COI policy and final FINANCIAL STATEMENT FOR THE MOST RECENTLY-COMPLETED YEAR ARE PROVIDED UPON REQUEST. ARTICLES OF INCORPORATION AND BY-LAWS ARE NORMALLY NOT PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This organization is not a 501(3)(29) qualified noprofit health insurance issuer.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART V, LINE 3b:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Line 15a and 15b:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI, Line 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PARTV, LINE 13A:
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01169569
IRS990/TotalAssetsEOYAmt01301588
IRS990/TotalAssetsGrp/BOYAmt01169569
IRS990/TotalAssetsGrp/EOYAmt01301588
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0105900
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014950
IRS990/TotalFunctionalExpensesGrp/TotalAmt024915
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01169569
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01301588
IRS990/TotalProgramServiceExpensesAmt014950
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051034
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156934
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01169569
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01301588
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01169569
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01301588
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHUNG HWEI CHANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum06262728288
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD LIGHT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0208035570
ReturnHeader/Filer/PhoneNum06262728288
ReturnHeader/Filer/USAddress/AddressLine1Txt02140 S HACIENDA BLVD SUITE A
ReturnHeader/Filer/USAddress/CityNm0HACIENDA HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091745
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954330544
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sun Accountancy Corporation
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 W Valley Blvd 219
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Gabriel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091776
ReturnHeader/PreparerPersonGrp/PhoneNum06264576118
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Linda Sun
ReturnHeader/ReturnTs02018-05-14T16:41:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,301,588
Liabilities
$0
Net assets
$1,301,588
Revenue
$156,934
Expenses
$24,915
Net income
$132,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$0.65$0.23$0.42
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$0.55$0.15$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.38$0.10$0.28
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.25$0.58$0.12$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.35$0.12$0.23
2019Summary only. Only limited summary data is available for this year.$1.56$0.00$0.19$0.09$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.20$0.04$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.16$0.02$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.15$0.04$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.14$0.02$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.14$0.02$0.13
2013Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.14$0.01$0.12
2012Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$0.12$0.01$0.11
2011Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.11$0.01$0.10