Civic Intelligence

The Light Foundation

990 • Fiscal year 2014 • EIN 56-2311765

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 12, 2015

Organization Profilewww.mattlight72.com
7650 Rivers Edge Drive Suite 220Columbus, OH 43235

(614) 888-3185

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

36th percentile

$10,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$2,265,059

Up $249,822 (+12%) from 2013

Net Assets

Up

$2,263,923

Up $249,765 (+12%) from 2013

Liabilities

Up

$1,136

Up $57 (+5.3%) from 2013

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin82nd percentile

Revenue

Up

$1,044,690

Up $144,050 (+16%) from 2013

Expenses

Up

$784,754

Up $108,884 (+16%) from 2013

Net Income

Up

$259,936

Up $35,166 (+16%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,332,679Liabilities 2011: $0Net Assets 2011: $1,332,6792011Assets 2012: $1,676,507Liabilities 2012: $699Net Assets 2012: $1,675,8082012Assets 2013: $2,015,237Liabilities 2013: $1,079Net Assets 2013: $2,014,1582013Assets 2014: $2,265,059Liabilities 2014: $1,136Net Assets 2014: $2,263,9232014Assets 2015: $2,373,429Liabilities 2015: $2,321Net Assets 2015: $2,371,1082015Assets 2016: $2,946,891Liabilities 2016: $109,804Net Assets 2016: $2,837,0872016Assets 2017: $3,549,377Liabilities 2017: $49,849Net Assets 2017: $3,499,5282017Assets 2018: $3,756,199Liabilities 2018: $492,000Net Assets 2018: $3,264,1992018Assets 2019: $4,284,673Liabilities 2019: $478,589Net Assets 2019: $3,806,0842019Assets 2020: $5,066,117Liabilities 2020: $481,181Net Assets 2020: $4,584,9362020Assets 2021: $5,854,993Liabilities 2021: $576,000Net Assets 2021: $5,278,9932021Assets 2022: $6,617,761Liabilities 2022: $551,194Net Assets 2022: $6,066,5672022Assets 2023: $7,121,269Liabilities 2023: $588,110Net Assets 2023: $6,533,1592023Assets 2024: $7,677,042Liabilities 2024: $530,516Net Assets 2024: $7,146,5262024

Highlighted filing

2014

Assets$2,265,059
Liabilities$1,136
Net Assets$2,263,923
Open 2014 Filing

Operations Trend

Revenue Growth71st percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $618,371Expenses 2011: $444,137Net Income 2011: $174,2342011Expenses 2012: $558,1412012Revenue 2013: $900,640Expenses 2013: $675,870Net Income 2013: $224,7702013Revenue 2014: $1,044,690Expenses 2014: $784,754Net Income 2014: $259,9362014Revenue 2015: $1,075,809Expenses 2015: $852,743Net Income 2015: $223,0662015Revenue 2016: $1,110,108Expenses 2016: $740,723Net Income 2016: $369,3852016Revenue 2017: $1,563,410Expenses 2017: $1,027,027Net Income 2017: $536,3832017Revenue 2018: $1,509,864Expenses 2018: $1,539,462Net Income 2018: -$29,5982018Revenue 2019: $1,846,945Expenses 2019: $1,495,541Net Income 2019: $351,4042019Revenue 2020: $1,869,439Expenses 2020: $1,238,848Net Income 2020: $630,5912020Revenue 2021: $2,439,236Expenses 2021: $1,824,573Net Income 2021: $614,6632021Revenue 2022: $3,136,486Expenses 2022: $1,894,974Net Income 2022: $1,241,5122022Revenue 2023: $1,936,585Expenses 2023: $1,685,743Net Income 2023: $250,8422023Revenue 2024: $2,231,831Expenses 2024: $1,765,714Net Income 2024: $466,1172024

Highlighted filing

2014

Revenue$1,044,690
Expenses$784,754
Net Income$259,936
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,044,690
Mission and Program Overview

Mission

The Light Foundation strives to empower young people to reach their highest potential by initiating and supporting hands on programs and events that promote the development of rational moral values and personal financial acumen so as to instill a sense of self-reliance, sufficiency and independence. We endeavor to accomplish this mission by combining traditional outdoor activities and experiences with athletic endeavors addressing the physical and mental aspects of humanity that make us all unique.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$978,986$1,104,039▲ $125,053
Land, Buildings, and Equipment, Net$661,370$610,816▼ $50,554
Cash and Non-Interest-Bearing Accounts$370,098$547,055▲ $176,957
Savings and Temporary Cash Investments$4,783$3,149▼ $1,634
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,015,237$2,265,059▲ $249,822
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,079$1,136▲ $57
Total Liabilities$1,079$1,136▲ $57
Net Assets / Fund Balance
Unrestricted Net Assets$2,004,158$2,253,923▲ $249,765
Temporarily Rstr Net Assets$10,000$10,000→ $0
Total Net Assets Fund Balance$2,014,158$2,263,923▲ $249,765
Total Liabilities and Net Assets / Fund Balance$2,015,237$2,265,059▲ $249,822

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$314,639$67,677-
Equipment$40,790$53,176-
Leasehold Improvements$255,387$62,796-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$978,986$100,000▲ $28,201-$1,107,187
2013$833,452$9,116▲ $136,418-$978,986
2012$751,111-▲ $82,341-$833,452
2011$696,096$89,787▼ $34,772-$751,111
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matt LightPresidentPT$10,000$10,000

Board Members and Trustees

NameTitle
Russell W KesslerChairman
David DrubnerDirector
Greg GilbertDirector
Jamie MarshallDirector
Jennifer MarkerDirector
Leslie GunckelDirector
Margrette MondilloDirector
Steve TraxDirector
Tom FalconeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$48,205
Program Service Revenue
$0
Investment Income
$44,344
Other Revenue
$952,141
All Other Contributions
$48,205
Change in Net Assets
$259,936

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,044,690
Total Revenue per Audited Statements
$1,044,690
Total Revenue per Form 990
$1,044,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,138
Total Fundraising Expense$330,785
Salaries, Compensation, and Employee Benefits$195,113
Professional Fundraising Fees$132,563
Grants and Similar Amounts Paid$66,940

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,532$109,010-$164,542
Fees for Services Professional Fundraising--$132,563$132,563
All Other Expenses$16,516$19,214$36,945$72,675
Grants to Domestic Orgs$59,094--$59,094
Depreciation Depletion$55,630--$55,630
Other Expenses$20,692$19,088$161,187$19,088
Payroll Taxes$5,716$11,223-$16,939
Fees for Services Accounting-$12,675-$12,675
Current Officers, Directors, Trustees, and Key Employees-$10,000-$10,000
Grants to Domestic Individuals$7,846--$7,846
Travel$5,487--$5,487
Other Employee Benefits$3,632--$3,632
Advertising--$90$90
Total Functional Expenses$272,759$181,210$330,785$784,754

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$784,754
Total Expenses per Audited Statements$784,754
Total Expenses per Form 990$784,754
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$947,977
Professional Fundraising Fees$132,563

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Matt Light Celebrity Shoot-out$680,309$680,309-$680,309
Other Fundraisers$139,479$139,479-$139,479
Total Events$947,977$947,977-$947,977
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
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Jennifer marker is the sister of matt light.”

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

“No review was or will be conducted.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Directors are required on an annual basis to complete a conflict of interests questionnaire.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
The Light Foundation
EIN
56-2311765
Phone
6148883185
Address
7650 RIVERS EDGE DRIVE SUITE 220, COLUMBUS, OH 43235

Signing Officer

Name
Russell W Kessler
Title
Chairman
Signed
2015-10-12
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
8
Employees
6
Volunteers
500

Preparer

Firm
Kessler & Ballenger CoLPA
Address
7650 Rivers Edge Dr Ste 220, Columbus, OH 43235
Preparer
Russell W Kessler
Phone
6148883185
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Unrealized loss in securities = -$10171”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Future funding for operating programs”

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IRS990/MissionDesc0The Light Foundation strives to empower young people to reach their highest potential by initiating and supporting hands on programs and events that promote the development of rational moral values and personal financial acumen so as to instill a sense of self-reliance, sufficiency and independence. We endeavor to accomplish this mission by combining traditional outdoor activities and experiences with athletic endeavors addressing the physical and mental aspects of humanity that make us all unique.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,265,059
Liabilities
$1,136
Net assets
$2,263,923
Revenue
$1,044,690
Expenses
$784,754
Net income
$259,936
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.53$7.15$2.23$1.77$0.47
2023Detailed filing. Detailed filing data is available for this year.$7.12$0.59$6.53$1.94$1.69$0.25
2022Detailed filing. Detailed filing data is available for this year.$6.62$0.55$6.07$3.14$1.89$1.24
2021Detailed filing. Detailed filing data is available for this year.$5.85$0.58$5.28$2.44$1.82$0.61
2020Detailed filing. Detailed filing data is available for this year.$5.07$0.48$4.58$1.87$1.24$0.63
2019Detailed filing. Detailed filing data is available for this year.$4.28$0.48$3.81$1.85$1.50$0.35
2018Detailed filing. Detailed filing data is available for this year.$3.76$0.49$3.26$1.51$1.54$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.55$0.05$3.50$1.56$1.03$0.54
2016Detailed filing. Detailed filing data is available for this year.$2.95$0.11$2.84$1.11$0.74$0.37
2015Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$1.08$0.85$0.22
2014Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.26$1.04$0.78$0.26
2013Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.01$0.90$0.68$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.00$1.68$0.56
2011Summary only. Only limited summary data is available for this year.$1.33$0.00$1.33$0.62$0.44$0.17