Civic Intelligence

Richard U Light Foundation

EIN 38-2456949 • 501(c)3 • Kalamazoo, MI

Profile

To promote the education of young men and women and provide financial assistance to enable needy individuals to secure an education.

136 E Michigan Ave 800Kalamazoo, MI 49007

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-3353%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $629,730 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $629,730 (-100%) from 2022

Operations
Liabilities / Revenue61st percentileNet Margin2nd percentile

Revenue

Down

$18,781

Down $25,398,434 (-100%) from 2022

Expenses

Down

$648,511

Down $73,043,198 (-99%) from 2022

Net Income

Up

-$629,730

Up $47,644,764 (+99%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $65,510,635Liabilities 2010: $0Net Assets 2010: $65,510,6352010Assets 2011: $67,008,411Liabilities 2011: $0Net Assets 2011: $67,008,4112011Assets 2012: $73,444,237Liabilities 2012: $0Net Assets 2012: $73,444,2372012Assets 2013: $44,540,682Liabilities 2013: $0Net Assets 2013: $44,540,6822013Assets 2014: $46,090,636Liabilities 2014: $0Net Assets 2014: $46,090,6362014Assets 2015: $47,630,847Liabilities 2015: $0Net Assets 2015: $47,630,8472015Assets 2016: $46,171,027Liabilities 2016: $0Net Assets 2016: $46,171,0272016Assets 2017: $49,328,965Liabilities 2017: $0Net Assets 2017: $49,328,9652017Assets 2018: $55,560,805Liabilities 2018: $0Net Assets 2018: $55,560,8052018Assets 2019: $61,876,438Liabilities 2019: $0Net Assets 2019: $61,876,4382019Assets 2020: $68,239,037Liabilities 2020: $0Net Assets 2020: $68,239,0372020Assets 2021: $85,884,105Liabilities 2021: $0Net Assets 2021: $85,884,1052021Assets 2022: $629,730Liabilities 2022: $0Net Assets 2022: $629,7302022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $3,136,5582010Expenses 2011: $3,014,5792011Expenses 2012: $3,092,4422012Revenue 2013: $3,890,460Expenses 2013: $46,170,676Net Income 2013: -$42,280,2162013Revenue 2014: $3,360,313Expenses 2014: $1,032,274Net Income 2014: $2,328,0392014Revenue 2015: $3,932,043Expenses 2015: $1,630,858Net Income 2015: $2,301,1852015Revenue 2016: $3,472,594Expenses 2016: $1,838,105Net Income 2016: $1,634,4892016Revenue 2017: $264,362Expenses 2017: $1,941,970Net Income 2017: -$1,677,6082017Revenue 2018: $3,947,262Expenses 2018: $2,132,735Net Income 2018: $1,814,5272018Revenue 2019: $5,769,119Expenses 2019: $2,115,168Net Income 2019: $3,653,9512019Revenue 2020: $1,348,895Expenses 2020: $1,021,192Net Income 2020: $327,7032020Revenue 2021: $12,217,550Expenses 2021: $1,162,813Net Income 2021: $11,054,7372021Revenue 2022: $25,417,215Expenses 2022: $73,691,709Net Income 2022: -$48,274,4942022Revenue 2023: $18,781Expenses 2023: $648,511Net Income 2023: -$629,7302023

Highlighted filing

2023

Revenue$18,781
Expenses$648,511
Net Income-$629,730
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$18,781
Expenses
$648,511
Net income
-$629,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.65$0.63
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$25.4$73.7$48.3
2021Detailed filing. Detailed filing data is available for this year.$85.9$0.00$85.9$12.2$1.16$11.1
2020Detailed filing. Detailed filing data is available for this year.$68.2$0.00$68.2$1.35$1.02$0.33
2019Detailed filing. Detailed filing data is available for this year.$61.9$0.00$61.9$5.77$2.12$3.65
2018Detailed filing. Detailed filing data is available for this year.$55.6$0.00$55.6$3.95$2.13$1.81
2017Detailed filing. Detailed filing data is available for this year.$49.3$0.00$49.3$0.26$1.94$1.68
2016Detailed filing. Detailed filing data is available for this year.$46.2$0.00$46.2$3.47$1.84$1.63
2015Detailed filing. Detailed filing data is available for this year.$47.6$0.00$47.6$3.93$1.63$2.30
2014Summary only. Only limited summary data is available for this year.$46.1$0.00$46.1$3.36$1.03$2.33
2013Summary only. Only limited summary data is available for this year.$44.5$0.00$44.5$3.89$46.2$42.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.4$0.00$73.4$3.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.0$0.00$67.0$3.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.5$0.00$65.5$3.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$18,781
Mission and Program Overview

Mission

To promote the education of young men and young women and provide financial assistance to enable needy individuals to secure an education.

To promote the education of young men and women and provide financial assistance to enable needy individuals to secure an education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$629,730$0▼ $629,730
Total Assets$629,730$0▼ $629,730
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$629,730$0▼ $629,730
Total Net Assets Fund Balance$629,730$0▼ $629,730
Total Liabilities and Net Assets / Fund Balance$629,730$0▼ $629,730

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$629,730-▲ $18,781--
2022$85,884,105-▼ $11,551,706$19,614$629,730
2021$68,239,037-▲ $18,807,881$23,545$85,884,105
2020$61,876,438-▲ $7,383,791$21,700$68,239,037
2019$55,560,805-▲ $8,430,781$21,700$61,876,438
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Stephen M DenenfeldSecretary$17,893$17,893
Barbara J ParishVP/treasurer$15,731$15,731

Board Members and Trustees

NameTitle
Timothy LightPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$18,781
Other Revenue
$0
Change in Net Assets
$-629,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$561,282
Other Expenses$53,606
Salaries, Compensation, and Employee Benefits$33,623
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$561,282--$561,282
Current Officers, Directors, Trustees, and Key Employees-$33,623-$33,623
Fees for Services Legal-$21,268-$21,268
Travel-$16,541-$16,541
Fees for Services Accounting-$15,695-$15,695
Other Expenses-$102-$102
Total Functional Expenses$561,282$87,229$0$648,511
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Yale UniversityNew Haven, CT501(c)3Program Support of the Richard U. Light Fellowship Program at Yale University. the Program Provides Assistance to Yale Undergraduate, Graduate, and Professional School Students Pursuing Intensive Language Study in East Asia.$561,282
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

“The board of trustees reviews the form 990 in draft form prior to it being finalized and filed.”

Form 990, Part VI, Section B, Line 15

“The compensation of trustees and officers shall be an annual stipend of two thousand dollars plus an hourly rate as the board of trustees determine to be the average hourly rate for professional services in the area of kalamazoo, michigan, as determined by the board of trustees on or about the date of the annual meeting of the board of trustees every three calendar years beginning january 1, 2007.”

Form 990, Part VI, Section C, Line 19

“All are available upon request.”

Filing and Contact Details

Filer

Filer Name
Richard U Light Foundation
EIN
38-2456949
Phone
2693304419
Address
136 E MICHIGAN AVE 800, KALAMAZOO, MI 49007

Signing Officer

Name
Stephen Denenfeld
Title
Secretary
Phone
2693304419
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Denenfeld
Formed
1982
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
Preparer
Dori J Eggett
Phone
2695674500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Effective june 24, 2021, the richard u. Light foundation and yale university signed an agreement providing for the establishment of an endowment fund at yale university - the richard u. Light fellowship fund. During the year ended june 30, 2022, the foundation transferred nearly all the assets of the foundation to the fund at yale. Due to the establishment and funding of the richard u. Light fellowship fund, the foundation will discontinue the recurring distributions to yale for future periods. During 2023, the remaining assets of the foundation were used to cover expenses incurred by the foundation until the foundation dissolved and all remaining assets were transferred to the endowment held by yale.”

FORM 990, PART XII, LINE 2C:

“There has been no change in process since prior year.”

Financial Statement Notes

PART V, LINE 4:

“All assets were transferred to yale university endowment as of 6/30/2023”

Raw XML AppendixShowing 400 of 458 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/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0561282
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0561282
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION HAS A "CLOSE AND CONTINUOUS WORKING RELATIONSHIP" WITH THE SUPPORTED ORGANIZATION, NAMELY YALE UNIVERSITY. SPECIFICALLY, FOUNDATION TRUSTEES MEET WITH REPRESENTATIVES FROM YALE UNIVERSITY AT LEAST ANNUALLY, AND OVER THE COURSE OF EACH YEAR, ROUTINELY COMMUNICATE BY EMAIL AND BY TELEPHONE. THESE MEETINGS AND COMMUNICATIONS CONCERN THE USE OF FUNDS DISTRIBUTED FROM THE FOUNDATION TO YALE UNIVERSITY, AND SPECIFICALLY HOW THOSE FUNDS ARE ALLOCATED FOR PURPOSES OF THE LIGHT FELLOWSHIP PROGRAM. THE FOUNDATION TRUSTEES ANNUALLY RECEIVE DETAILED INFORMATION REGARDING THE IDENTITY, ACCOMPLISHMENTS AND GOALS OF THE STUDENTS NAMED AS LIGHT FELLOWS, RECEIVE INFORMATION ABOUT THE COURSE OF STUDY OF THOSE STUDENTS, AS WELL AS FINANCIAL INFORMATION REGARDING THE ADMINISTRATION OF THE LIGHT FELLOWSHIP PROGRAM. THE LEVEL OF COMMUNICATION, THE DETAIL OF THE INFORMATION PROVIDED, AND THE FACT THAT THIS PROGRAM HAS BEEN ONGOING SINCE 1996, ALL CLEARLY ILLUSTRATE THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1BY REASON OF THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE UNIVERSITY, YALE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. BECAUSE YALE UNIVERSITY IS THE SOLE SUPPORTED ORGANIZATION FOR THE FOUNDATION, IT MUST WORK CLOSELY WITH YALE UNIVERSITY TO MEET DISTRIBUTION GOALS, AND ACCORDINGLY, MUST INVEST IN ORDER TO ATTAIN THOSE GOALS, IN A MANNER THAT WILL ENABLE YALE UNIVERSITY TO PROPERLY ADMINISTER THE LIGHT FELLOWSHIP PROGRAM. BECAUSE OF THIS LEVEL OF INTERACTION, COMMUNICATION AND COLLABORATION, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENTS. MOREOVER, BECAUSE THE FOUNDATION AND YALE UNIVERSITY WORK CLOSELY IN DEVELOPING PROGRAMMING FOR THE LIGHT FELLOWSHIP PROGRAM, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV - SECTION D - QUESTION 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV - SECTION D - QUESTION 3
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt0568663
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt073137681
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0568663
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt010685672
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt062452009
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt08530
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt01097065
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt0560133
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt072040616
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt019605
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt02521422
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt0568663
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt073137681
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt019605
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt02521422
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0060646973
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0561282
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0YALE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0561282
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt087229
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0629730
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0561282
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt018781
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0357367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt085884105
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0629730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt073325688
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-11551706
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt019614
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0332058
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt068239037
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt085884105
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0807210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018807881
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt023545
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0306711
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt061876438
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt068239037
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0692781
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07383791
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt021700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0291511
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt055560805
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt061876438
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01801937
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08430781
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt021700
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALL ASSETS WERE TRANSFERRED TO YALE UNIVERSITY ENDOWMENT AS OF 6/30/2023
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0561282
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT OF THE RICHARD U. LIGHT FELLOWSHIP PROGRAM AT YALE UNIVERSITY. THE PROGRAM PROVIDES ASSISTANCE TO YALE UNDERGRADUATE, GRADUATE, AND PROFESSIONAL SCHOOL STUDENTS PURSUING INTENSIVE LANGUAGE STUDY IN EAST ASIA.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0YALE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0060646973
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0149 ELM STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW HAVEN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0065200000
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SECURITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0YALE UNIVERSITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0060646973
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0561282
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0INVESTMENT STATEMENTS FROM FINANCIAL INSTITUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0149 ELM STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0NEW HAVEN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0065200000
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0DISSOLUTION NOTIFICATION WAS SENT TO THE MICHIGAN ATTORNEY GENERAL'S OFFICE ON AUGUST 11, 2023. THE MICHIGAN ATTORNEY GENERAL'S OFFICE APPROVED THE DISSOLUTION ON OCTOBER 6, 2023.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 6C:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JUNE 24, 2021, THE RICHARD U. LIGHT FOUNDATION AND YALE UNIVERSITY SIGNED AN AGREEMENT PROVIDING FOR THE ESTABLISHMENT OF AN ENDOWMENT FUND AT YALE UNIVERSITY - THE RICHARD U. LIGHT FELLOWSHIP FUND. DURING THE YEAR ENDED JUNE 30, 2022, THE FOUNDATION TRANSFERRED NEARLY ALL THE ASSETS OF THE FOUNDATION TO THE FUND AT YALE. DUE TO THE ESTABLISHMENT AND FUNDING OF THE RICHARD U. LIGHT FELLOWSHIP FUND, THE FOUNDATION WILL DISCONTINUE THE RECURRING DISTRIBUTIONS TO YALE FOR FUTURE PERIODS. DURING 2023, THE REMAINING ASSETS OF THE FOUNDATION WERE USED TO COVER EXPENSES INCURRED BY THE FOUNDATION UNTIL THE FOUNDATION DISSOLVED AND ALL REMAINING ASSETS WERE TRANSFERRED TO THE ENDOWMENT HELD BY YALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES REVIEWS THE FORM 990 IN DRAFT FORM PRIOR TO IT BEING FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF TRUSTEES AND OFFICERS SHALL BE AN ANNUAL STIPEND OF TWO THOUSAND DOLLARS PLUS AN HOURLY RATE AS THE BOARD OF TRUSTEES DETERMINE TO BE THE AVERAGE HOURLY RATE FOR PROFESSIONAL SERVICES IN THE AREA OF KALAMAZOO, MICHIGAN, AS DETERMINED BY THE BOARD OF TRUSTEES ON OR ABOUT THE DATE OF THE ANNUAL MEETING OF THE BOARD OF TRUSTEES EVERY THREE CALENDAR YEARS BEGINNING JANUARY 1, 2007.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE IN PROCESS SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0629730
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0629730
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt087229
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0561282
IRS990/TotalFunctionalExpensesGrp/TotalAmt0648511
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0629730
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00

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