Civic Intelligence

Light of Chance Incorporated

EIN 84-1721551 • 501(c)3 • Bowling Green, KY

Profile

Light of chance, incorporated facilitates knowledge, opportunity, inspiration, and achievement to build positive interpersonal relationships, while uniting and restoring new life within communities.

PO Box 1636Bowling Green, KY 42102-1636

www.lightofchance.org

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

Score unavailable

No value available

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

Source year 2023

Net Margin

47th percentile

0.1%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

92nd percentile

101%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

46th percentile

-5.9%

Faster revenue growth than 46% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$185

Up $93 (+101%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$185

Up $93 (+101%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin47th percentile

Revenue

Down

$73,750

Down $4,629 (-5.9%) from 2022

Expenses

Down

$73,657

Down $6,183 (-7.7%) from 2022

Net Income

Up

$93

Up $1,554 (+106%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

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

$40K$20K$0-$20K-$40KAssets 2017: $4,388Net Assets 2017: $4,3882017Assets 2018: $7,066Net Assets 2018: $7,0662018Assets 2019: $2,422Liabilities 2019: $30,654Net Assets 2019: -$28,2322019Assets 2022: $92Net Assets 2022: $922022Assets 2023: $185Net Assets 2023: $1852023

Highlighted filing

2023

Assets$185
Liabilities-
Net Assets$185
Open 2023 Filing

Operations Trend

Revenue Growth46th percentile

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

$150K$100K$50K$0-$50KRevenue 2017: $98,202Expenses 2017: $99,313Net Income 2017: -$1,1112017Revenue 2018: $109,389Expenses 2018: $113,513Net Income 2018: -$4,1242018Revenue 2019: $92,155Expenses 2019: $127,453Net Income 2019: -$35,2982019Revenue 2022: $78,379Expenses 2022: $79,840Net Income 2022: -$1,4612022Revenue 2023: $73,750Expenses 2023: $73,657Net Income 2023: $932023

Highlighted filing

2023

Revenue$73,750
Expenses$73,657
Net Income$93
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$185
Liabilities
-
Net assets
$185
Revenue
$73,750
Expenses
$73,657
Net income
$93
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.74$0.74$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.78$0.80$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.31$0.28$0.92$1.27$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.07$1.09$1.14$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.98$0.99$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 26, 2024
Return Version
2023v5.0
Gross Receipts
$73,750
Mission and Program Overview

Mission

Light of chance, incorporated facilitates knowledge, opportunity, inspiration, and achievement to build positive interpersonal relationships, while uniting and restoring new life within communities.

Program Services

DescriptionGrantsExpenses
LIGHT OF CHANCE, INCORPORATED FACILITATES KNOWLEDGE, OPPORTUNITY, INSPIRATION, AND ACHIEVEMENT TO BUILD POSITIVE INTERPERSONAL RELATIONSHIPS, WHILE UNITING AND RESTORING NEW LIFE WITHIN COMMUNITIES.-$73,657
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERIC LOGANExecutive DiFT$0--
AURELIA SPAULDINGChairman-$0--
MARY RHEA ASHBYDirector-$0--
CARLOS BAILEYDirector-$0--
SCOTT MASONDirector-$0--
JULIA SIZEMOREDirector-$0--
STEVE BAKERDirector-$0--
HOLLI DRUONDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Light of Chance Incorporated
EIN
84-1721551
Phone
2703390717
Address
PO BOX 1636, BOWLING GREEN, KY 42102-1636

Signing Officer

Name
Eric Logan
Title
Executive Director
Phone
2703390717
Signed
2024-02-26
Discuss with paid preparer
Yes

Preparer

Firm
Taylor Polson & Co Psc
Address
101 MCKENNA ST, GLASGOW, KY 42141
Preparer
Jeff P Carter CPA
Phone
2706518877
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses telephone & internet 853 oil & gas 106 insurance 315 dues & subscriptions 669 supplies 713 meals & entertainment 1,526 program expenses 4,529 commissions & fees 684 charity 475 misc exp 2,073 total 11,943”

Form 990-ez, Part III

“Light of chance, incorporated facilitates knowledge, opportunity, inspiration, and achievement to build positive interpersonal relationships, while uniting and restoring new life within communities.”

Raw XML Appendix147 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/USAddress/CityNm0BOWLING GREEN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ERIC LOGAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7HOLLI DRUOND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt011943
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt0106
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt073657
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt073657
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.LIGHTOFCHANCE.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt073750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt078379
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES TELEPHONE & INTERNET 853 OIL & GAS 106 INSURANCE 315 DUES & SUBSCRIPTIONS 669 SUPPLIES 713 MEALS & ENTERTAINMENT 1,526 PROGRAM EXPENSES 4,529 COMMISSIONS & FEES 684 CHARITY 475 MISC EXP 2,073 TOTAL 11,943
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LIGHT OF CHANCE, INCORPORATED FACILITATES KNOWLEDGE, OPPORTUNITY, INSPIRATION, AND ACHIEVEMENT TO BUILD POSITIVE INTERPERSONAL RELATIONSHIPS, WHILE UNITING AND RESTORING NEW LIFE WITHIN COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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ReturnHeader/PreparerPersonGrp/PhoneNum02706518877
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF P CARTER CPA
ReturnHeader/ReturnTs02024-03-26T20:34:34-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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