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On Light Aurora EIN 45-4613601

On Light Aurora FY2020 filing

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Provides fiber optic network access to local schools, hospitals, and businesses. For fiscal year 2020 it reported $576K in revenue, $534K in expenses, and $504K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Aurora, IL
Website
www.onlightaurora.com
Filings
5 on file (2020–2020)
Revenue
$576KFY2020
Expenses
$534K
Net assets
$504K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4613601 Public charity (501(c)(3)) Aurora, IL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Provides fiber optic network access to local schools, hospitals, and businesses.
Leadership
Michael Pegues · Chair
Money in and out
$576K revenue, $534K expenses
Bottom line
96% program efficiency
Where the money goes · FY2020
Total revenue
$576K
Pt VIII · Ln 12
Total expenses
$534K
Pt IX · Ln 25
Net assets
$504K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
-10.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$576K
FY2020
Expenses
$534K
FY2020
Total assets
$1.0M
FY2020
Total liabilities
$516K
FY2020
Total revenue
$576K
Pt VIII · Ln 12
Total expenses
$534K
Pt IX · Ln 25
Net assets
$504K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B96%
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 account for $510K of program spending, described in the organization's own filed words · FY2020.
01

Initiating, managing and promoting access to a community based, high-band with network infrastructure exclusively dedicated to the furtherance of charitable and educatonal purposes.

$510Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COn Light Aurora
EINHdr · item D45-4613601
Principal addressHdr · item CAurora, IL
WebsiteHdr · item Jwww.onlightaurora.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJul 2014

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 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Keith Gerald
Executive Director
$0Pt VII · Sec A
See On Light Aurora executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$334K · 58%
Contributions & grants$252K · 44%
Program service revenue58%$334K
Contributions & grants44%$252K
Investment income$16
Total revenueLn 12$576K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$510K
Management & general4%$23K
Total functional expensesLn 25$534K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$516K
Total net assetsLn 32$504K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $-250K · Operating expenses (Pt IX) $534K · Less non-cash grants $245K · Cash operating expenses/yr $289K
-10.4 months
Where the money goes
Program services
Program services $510K · Total expenses $534K
96%
Management & General
Management & general $23K · Total expenses $534K
4%
Fundraising
Fundraising $0 · Total expenses $534K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $252K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $252K · Total revenue $576K
44%
Government reliance
Government grants — · Total revenue $576K
—
Earned-income share
Program service revenue $334K · Total revenue $576K
58%
Investment reliance
Investment income $16 · Total revenue $576K
<0.01%
Program self-sufficiency
Program service revenue $334K · Total expenses $534K
63%
Growth & trend
Revenue growth (YoY)
This year $576K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $504K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $576K · Expenses $534K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $504K · Total assets $1.0M
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $-292K · Total assets (Pt X, ln 16) $1.0M
-29%
People & payroll
Highest Reported Total Compensation
Individual Michael Pegues · Reported title CHAIR · Highest reported compensation $0 · Total expenses $534K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $534K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.6%——

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.

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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 (Latest)$-31K revenue · ⤓ 990 PDF
FY2023$51K revenue · ⤓ 990 PDF
FY2022$314K revenue · ⤓ 990 PDF
FY2021$325K revenue · ⤓ 990 PDF
FY2020$576K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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