Civic Intelligence

There Is a Light Foundation

990PF • Fiscal year 2021 • EIN 85-3525074

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Net Margin

96th percentile

89%

Higher net margin than 96% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Asset Growth

93rd percentile

77%

Faster asset growth than 93% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$1,765,284

Up $765,284 (+77%) from 2020

Net Assets

Up

$1,765,284

Up $765,284 (+77%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin96th percentile

Revenue

Down

$846,820

Down $153,180 (-15%) from 2020

Expenses

Up

$91,536

Up $91,536 from 2020

Net Income

Down

$755,284

Down $244,716 (-24%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2020: $1,000,000Liabilities 2020: $0Net Assets 2020: $1,000,0002020Assets 2021: $1,765,284Liabilities 2021: $0Net Assets 2021: $1,765,2842021Assets 2022: $2,018,776Liabilities 2022: $0Net Assets 2022: $2,018,7762022Assets 2023: $2,084,927Liabilities 2023: $12023Assets 2024: $1,959,004Liabilities 2024: $0Net Assets 2024: $1,959,0042024

Highlighted filing

2021

Assets$1,765,284
Liabilities$0
Net Assets$1,765,284
Open 2021 Filing

Operations Trend

Revenue Growth17th percentile

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

$1.0M$500K$0-$500KRevenue 2020: $1,000,000Expenses 2020: $0Net Income 2020: $1,000,0002020Revenue 2021: $846,820Expenses 2021: $91,536Net Income 2021: $755,2842021Revenue 2022: $438,787Expenses 2022: $185,295Net Income 2022: $253,4922022Revenue 2023: $619,548Expenses 2023: $553,397Net Income 2023: $66,1512023Revenue 2024: $614,694Expenses 2024: $740,617Net Income 2024: -$125,9232024

Highlighted filing

2021

Revenue$846,820
Expenses$91,536
Net Income$755,284
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pejman Ben-CohenSec, Treas, VP-$0--
Arash HomampourDir, Pres-$0--
Filing and Contact Details

Filer

Filer Name
There is a Light Foundation
EIN
85-3525074
In Care Of
% There is a Light Foundation
Phone
8008391754
Address
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-1377

Signing Officer

Name
arash homampour
Title
president
Phone
8008391754
Signed
2022-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix331 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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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd3MO
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd064117
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd191601
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd230341
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd364117
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt060000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt053998
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt01772
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt053998
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt022078
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt022078
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02017
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt077848
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt022078
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt022078
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt01772
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Homampour Arash
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt02251 Maravilla Drive
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Los Angeles
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0CA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd090068
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0808618
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum11
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum21
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum31
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt0167042
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt156694
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt2175839
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt3399043
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0VANGUARD SMALL-CAP VALUE ETF VBR, 930 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc1VANGUARD DIVIDEND GROWTH FD VDIGX, 1445.533 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc2ISHARES CORE US VALUE IUSV, 2296 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc3ASPIRIANT DEFENSIVE ALLOCATION FUND RMDFX, 35376.163 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02021-12-30
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt12021-12-30
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt22021-12-30
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt32021-12-30
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0General Consultations
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt04892
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt04892
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Administrative Set-Up Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt013456
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt19500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt013456
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt19500
OtherIncreasesSchedule/OtherIncreasesDetail/Amt010000
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0CORRECTION OF TAXABLE EXPENDITURE
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt03688
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt03688
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0arash homampour
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0There is a Light Foundation
ReturnHeader/Filer/BusinessNameControlTxt0THER
ReturnHeader/Filer/EIN0853525074
ReturnHeader/Filer/InCareOfNm0% There is a Light Foundation
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0FOUNDATION SOURCE 501 SILVERSIDE RD
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-11-15T19:50:00-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0arash
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0homampour
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,765,284
Liabilities
$0
Net assets
$1,765,284
Revenue
$846,820
Expenses
$91,536
Net income
$755,284
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.61$0.74$0.13
2023Summary only. Only limited summary data is available for this year.$2.08$0.00$0.62$0.55$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.44$0.19$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.85$0.09$0.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$1.00$0.00$1.00