Ablelight Foundation INC EIN 39-1336413

Ablelight Foundation INC

EIN  39-1336413 Supporting organization Watertown, WI Founded 1979
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/13/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Ablelight Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
$10–100M
What they do
Manages and invests funds to support the charitable, religious, and educational programs of AbleLight Inc.
Leadership
Keith Jones · President and CEO
Money in and out
$12.4M revenue, $107K expenses
Bottom line
+99% net inflow

Manages and invests funds to support the charitable, religious, and educational programs of AbleLight Inc. For fiscal year 2024 it reported $12.4M in revenue, $107K in expenses, and $125.9M in net assets.Pt I

Money in and out · FY2024
Total revenue
$12.4M
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$125.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12.3M
Where spending went · Part IX cols B–D
Management & general $1.00
Net inflow
+99%
revenue over expenses, this year0% vs prior filing year
Pass-through gifts
51%
of revenue from contributions▲ +70% vs prior filing year
Program spending
0%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$12.4M
FY2024▲ +27%
Expenses
$107K
FY2024▲ +100%
Total assets
$131.4M
FY2024▲ +15%
Total liabilities
$5.4M
FY2024▲ +3%
Total revenue
$12.4M
Pt VIII · Ln 12
Total expenses
$107K
Pt IX · Ln 25
Net assets
$125.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12.3M
Total assetsPt X · Ln 16$131.4M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The corporation is a charitable, religious and educational organization, the purpose of which is to solicit, hold, manage, invest and expend endowment funds and other gifts, grants and bequests, whether consisting of real or personal property, and whether subject to directions or conditions imposed by donors, exclusively for the…

Pt IX · col B

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAblelight Foundation INC
EINHdr · item D39-1336413
Principal addressHdr · item CWatertown, WI
WebsiteHdr · item Jablelight.org
Year of formationHdr · item L1979
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E110)
Ruling yearIRS BMFSep 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and CEO
$0Pt VII · Sec A
VP and Chief Legal Officer
$0Pt VII · Sec A
VP and Chief Financial Officer
$0Pt VII · Sec A
Chief Human Resources Officer
$0Pt VII · Sec A
VP and Chief Advancement Officer
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
Area Vice President
$0Pt VII · Sec A
Corporate and Donor Engagement Officer
$0Pt VII · Sec A
See Ablelight Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$6.4M · 51%
Investment income$6.0M · 49%
Contributions & grants51%$6.4M
Investment income49%$6.0M
Total revenueLn 12$12.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$107K
Total functional expensesLn 25$107K

Balance Sheet

Part X · end of year
CashLn 1$2.9M
Total assetsLn 16$131.4M
Total liabilitiesLn 26$5.4M
Total net assetsLn 32$125.9M
Months of cash on handcomputed330.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $119.4M · Operating expenses (Pt IX) $107K · Less non-cash grants $3.5M · Cash operating expenses/yr $-3.4M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $0 · Total expenses $107K
0%
Management & General
Management & general $107K · Total expenses $107K
100%
Fundraising
Fundraising $0 · Total expenses $107K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6.4M · Total revenue $12.4M
51%
Government reliance
Government grants $0 · Total revenue $12.4M
0%
Earned-income share
Program service revenue $0 · Total revenue $12.4M
0%
Investment reliance
Investment income $6.0M · Total revenue $12.4M
+49%
Program self-sufficiency
Program service revenue $0 · Total expenses $107K
0%
Growth & trend
Revenue growth (YoY)
This year $12.4M · Prior year $9.8M
+27%
Revenue CAGR
FY2019 $8.4M · FY2024 $12.4M
+8%
Net-asset trend (YoY)
End of year $125.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12.4M · Expenses $107K
+99%
Liabilities-to-Assets
Total liabilities — · Total assets $131.4M
Net-asset ratio
Net assets $125.9M · Total assets $131.4M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $116.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $131.4M
89%
People & payroll
Highest Reported Total Compensation
Individual Keith Jones · Reported title PRESIDENT AND CEO · Highest reported compensation $0 · Total expenses $107K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $107K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Revenue growth 27%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$13K

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$9.8M revenue · ⤓ 990 PDF
FY2023$7.0M revenue · ⤓ 990 PDF
FY2022$5.2M revenue · ⤓ 990 PDF
FY2021$6.9M revenue · ⤓ 990 PDF
FY2020$8.4M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.