Find Your Light Foundation FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Foundations & GrantmakersEIN 20-1731840Revenue $887K in FY2021

On file with the IRSfindyourlightfoundation.org8th Floor, 90024-0000 · Los Angeles, CATax-exempt since Mar 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Dedicated to ensuring that every child has the opportunity to experience a quality arts education.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $471K a year · 35% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $1.0M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$887K
-42% vs prior year
Spent
$770K
To programs
88%
Net assets
$5.0M
By yearFY2020–FY2024
Revenue
$887K
FY2021▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$887K
FY2022$1.1M
FY2023$1.2M
FY2024$2.1M
Expenses
$770K
FY2021▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$594K
FY2021$770K
FY2022$600K
FY2023$997K
FY2024$1.4M
Net assets
$5.0M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$5.0M
FY2022$4.9M
FY2023$5.6M
FY2024$6.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $674K Management & general 12% · $96K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Financial Officer
$0Pt VII · Sec A
See Find Your Light Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes

Programs and updates

Provides every child with access to quality arts education.

Provided by the organization

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3 programs · in their own filed words · FY2021
01

Grant dedicated to educating and meeting the needs of talented blind and visually impaired youth by developing their unique musical, creative, academic, social and physical skills.

Pt IX · col B
02

Grant to strengthen nyc communities through music education programs that foster the development of human values, thriving citizens, and quality artistry for at risk youth

Pt IX · col B
03

Grant dedicated to creative writing and mentoring that promotes creativity, critical thinking, and leadership skills to empower teen girls and gender expansive youth

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 248 grants · $2.4M · 2020–2024
Living ArtsMI · FY2024$20,000
Cathedral Arts Project INCFL · FY2024$20,000
Broadway Bound Kids INCNY · FY2024$17,500
Artsup LaCA · FY2024$17,500
Buffalo String Works INCNY · FY2024$12,000
The MusicianshipFY2024$10,000
The Harmony ProjectCA · FY2024$10,000
Nycsalt INCNY · FY2024$10,000
Music in Schools TodayCA · FY2024$10,000
Kids Excel El Paso INCTX · FY2024$10,000
Global Arts CorporationCA · FY2024$10,000
Dancewave INCNY · FY2024$10,000
Creative Minds Nyc INCNY · FY2024$10,000
Band of Angels CorpKS · FY2024$10,000
See all 248 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$887K
Ln 12
Gifts and grantsLn 1h$657K
Investment incomeLn 3$231K
Money outPt IX
$770K
Ln 25
Programscol B$674K
Managementcol C$96K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$499K
Total assetsLn 16$5.0M
LiabilitiesLn 26$5K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$657K
Noncash giftsLn 1g$100K
Investment incomeLn 3$231K
Gains on assetsLn 7$146K
Total revenueLn 12$887K
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$432K
Cash and savings togetherLn 1–2$499K
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$13K
Total assetsLn 16$5.0M
LiabilitiesLn 26$5K
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$666K$499K
InvestmentsLn 11–13$4.1M$4.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.8M$5.0M
LiabilitiesLn 26$4K$5K
Net assetsLn 32$4.8M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$602K$602K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$80K$56K$24K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$5K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$10K$7K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$734$734
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$34K$34K
Other expenses (24a–d)Ln 24$11K$794$10K
All other expensesLn 24e$14K$3K$12K
Total functional expensesLn 25$770K$674K$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.1M$1.4M$610K$6.4M 990 PDF
FY2023 $1.2M$997K$191K$5.6M 990 PDF
FY2022 $1.1M$600K$488K$4.9M 990 PDF
FY2021 Viewing $887K$770K$118K$5.0M 990 PDF
FY2020 $1.5M$594K$947K$4.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $887,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,437,395$656,725
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $103,578$230,596
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,540,973$887,321
I-13 Grants and similar amounts paidPrior year $377,500$601,950
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $86,288$86,351
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $130,208$81,381
I-18 Total expensesPrior year $593,996$769,682
I-19 Revenue less expensesPrior year $946,977$117,639
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
Part VIII · Statement of revenue $887,321 across 9 lines filed
VIII-1f All other contributions, gifts and grants$656,725
VIII-1g Noncash contributions (included above)$100,053
VIII-1h Total contributions, gifts and grants$656,725
VIII-3 Investment incomeRelated to mission $84,860$84,860
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $145,736$145,736
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $230,596$887,321
Part IX · Statement of functional expenses $769,682 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $601,950$601,950
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $55,703 · Management $24,297$80,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,194 · Management $1,157$6,351
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $11,000$11,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $6,645 · Management $3,319$9,964
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $734$734
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $34,329$34,329
IX-24 Other expenses (24a–d)Programs $794 · Management $10,193$10,987
IX-24e All other expensesPrograms $2,791 · Management $11,576$14,367
IX-25 Total functional expensesPrograms $673,811 · Management $95,871 · Fundraising $0$769,682
Part X · Balance sheet $5,018,949 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $197,312$66,646
X-2 Savings and temporary cash investmentsStart of year $468,603$432,172
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $25,000$26,700
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $51,703$51,703
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $4,097,758$4,428,976
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $4,531$12,752
X-16 Total assetsStart of year $4,844,907$5,018,949
X-17 Accounts payable and accrued expensesStart of year $3,629$5,110
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,629$5,110
X-32 Total net assets or fund balancesStart of year $4,841,278$5,013,839
X-33 Total liabilities and net assetsStart of year $4,844,907$5,018,949
Part XI · Reconciliation of net assets $5,013,839 net assets at year end
XI-1 Total revenue$887,321
XI-2 Total expenses$769,682
XI-3 Revenue less expenses$117,639
XI-4 Net assets at start of year$4,841,278
XI-5 Net unrealized gains (losses) on investments$65,899
XI-9 Other changes in net assets−$10,977
XI-10 Net assets at end of year$5,013,839

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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