Life Light Educational Foundation FY2020 filing

Tax-deductible

S El Monte, CA501(c)(3)EducationEIN 26-1374037Revenue $292K in FY2020

On file with the IRS1860 Tyler Ave, 91733-3618 · S El Monte, CATax-exempt since May 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial assistance to blind, handicapped or poor students who are unable to receive education due to financial hardship so that they will be able to support themselves, and lifting the burden off society to care for them.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $72K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
23 mo
of spending, in cash
Looks good: 23.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
Spent
$199K
To programs
75%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$292K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$292K
FY2021$353K
FY2022$255K
FY2023$324K
FY2024$328K
Expenses
$199K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$215K
FY2022$283K
FY2023$260K
FY2024$236K
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 May 2008.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $149K Management & general 25% · $50K

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

3 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$20,400Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

William Lei’s $15K as President is at the 12th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Lei$15,300$20,400$20,400$20,400$20,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Life Light Educational 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
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps disadvantaged students with financial aid for education, enabling self-sufficiency.

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Provided by the organization

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3 programs · $149K · in their own filed words · FY2020
01

Provide financial assistance to foreign educational institutions for blind, and handicapped students who have financial hardship. Institutions that received grants include china evangelical seminary (taipei, taiwan), pollard school (yunnan, china), the trade school for blind (zhengzhou, china), taiwan life light foundation(taipei…

$82Kprogram expense
02

Provide financial assistance to domestic educational institutions for blind, handicapped students having financial hardship. Institutions that received grants include southern baptist seminary (fort worth, TX), and international theological seminary (w covina, ca).

$35Kprogram expense
03

Provide financial assistance to domestic individuals for blind, handicapped students having financial hardship. Shiau lin lee (san gabriel, ca), yao zhong wang (arcadia, ca), ming xing li (las vegas, NV), and hui fan lu (las vegas, NV) received the grant in 2018.

$32Kprogram expense

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
Total grants receivedfrom 2 funders$31K
Grants paid · 61 grants · $964K · 2020–2024
Unitemized GrantFY2024$174,000
Unitemized GrantFY2024$20,000
Lutheran Braille WorkerFY2024$20,000
Braille InstituteFY2024$20,000
Zhi WangFY2024$17,400
Unitemized GrantFY2024$11,125
Unitemized GrantFY2024$6,000
Shiau Lin LeeFY2024$6,000
Unitemized GrantFY2024$5,000
Lynn WuFY2024$5,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2023$20,000
Lutheran Braille WorkerFY2023$20,000
Unitemized GrantFY2023$16,800
Zhi WangFY2023$16,800
Unitemized GrantFY2023$11,810
See all 61 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$238K
Investment incomeLn 3$53K
Money outPt IX
$199K
Ln 25
Programscol B$149K
Managementcol C$50K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$387K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Investment incomeLn 3$53K
Gains on assetsLn 7$35K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$387K
Cash and savings togetherLn 1–2$387K
InvestmentsLn 11–13$944K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$416K$387K
InvestmentsLn 11–13$822K$944K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$782$1K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$32K$32K
Grants and assistance to foreign recipientsLn 3$82K$82K
Other salaries and wagesLn 7$26K$26K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$15K$15K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$367$367
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$199K$149K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $328K$236K$92K$1.6M 990 PDF
FY2023 $324K$260K$65K$1.5M 990 PDF
FY2022 $255K$283K−$28K$1.4M 990 PDF
FY2021 $353K$215K$137K$1.5M 990 PDF
FY2020 Viewing $292K$199K$93K$1.3M 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 FY2020 990 (6 parts)
Part I · Summary $291,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $368,435$238,242
I-9 Program service revenue$0
I-10 Investment incomePrior year $35,881$53,318
I-11 Other revenue$0
I-12 Total revenuePrior year $404,316$291,560
I-13 Grants and similar amounts paidPrior year $199,918$148,569
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,233$29,148
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $41,834$20,806
I-18 Total expensesPrior year $260,985$198,523
I-19 Revenue less expensesPrior year $143,331$93,037
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $291,560 across 5 lines filed
VIII-1f All other contributions, gifts and grants$238,242
VIII-1h Total contributions, gifts and grants$238,242
VIII-3 Investment incomeExcluded from tax $18,543$18,543
VIII-7 Net gain or loss on sales of assetsRelated to mission $34,775$34,775
VIII-12 Total revenueRelated to mission $34,775 · Unrelated business $0 · Excluded from tax $18,543$291,560
Part IX · Statement of functional expenses $198,523 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $34,605$34,605
IX-2 Grants to domestic individualsPrograms $31,725$31,725
IX-3 Grants and assistance to foreign recipientsPrograms $82,239$82,239
IX-7 Other salaries and wagesManagement $26,400$26,400
IX-10 Payroll taxesManagement $2,748$2,748
IX-11a Management feesManagement $14,677$14,677
IX-11c Accounting feesManagement $3,995$3,995
IX-13 Office expensesManagement $367$367
IX-24 Other expenses (24a–d)Management $1,767$1,767
IX-25 Total functional expensesPrograms $148,569 · Management $49,954 · Fundraising $0$198,523
Part X · Balance sheet $1,330,840 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $415,649$387,078
X-13 Program-related investmentsStart of year $821,776$943,762
X-16 Total assetsStart of year $1,237,425$1,330,840
X-25 Other liabilitiesStart of year $782$1,160
X-26 Total liabilitiesStart of year $782$1,160
X-27 Net assets without donor restrictionsStart of year $1,236,643$1,329,680
X-32 Total net assets or fund balancesStart of year $1,236,643$1,329,680
X-33 Total liabilities and net assetsStart of year $1,237,425$1,330,840
Part XI · Reconciliation of net assets $1,329,680 net assets at year end
XI-1 Total revenue$291,560
XI-2 Total expenses$198,523
XI-3 Revenue less expenses$93,037
XI-4 Net assets at start of year$1,236,643
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,329,680

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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