Guiding Light Mentoring FY2024 filing

Tax-deductible

Cincinnati, OH501(c)(3)Youth DevelopmentEIN 47-1683576

Our mission is empowering young people to become the next generation of leaders by equipping them with skills and resources to make a positive and lasting impact in thier lives.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$51K 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

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $61K 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$51K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $80K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$253K
+6% vs prior year
Spent
$260K
To programs
98%
Net assets
$266K
By yearFY2020–FY2025
Revenue
$253K
FY2024▲ +6%
Revenue by fiscal year
FY2020$121K
FY2021$219K
FY2022$265K
FY2023$239K
FY2024$253K
FY2025$373K
Expenses
$260K
FY2024▲ +16%
Expenses by fiscal year
FY2020Not on file
FY2021$117K
FY2022$175K
FY2023$224K
FY2024$260K
FY2025$270K
Net assets
$266K
FY2024▼ -3%
Net assets by fiscal year
FY2020$64K
FY2021$167K
FY2022$257K
FY2023$273K
FY2024$266K
FY2025$369K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $256K Fundraising 2% · $4K

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

Who runs it and what they're paid

10 people listed on the 990; $51K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and
$50,000Pt VII · Sec A
$1,050Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Latisha Owens’s $50K as Founder & PR is at the 39th percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Latisha Owens$50,000$50,000$51,251$44,845
Jalen Rose$1,417———
Rachael Dubose$250$1,050$1,026—

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 Guiding Light Mentoring 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects youth ages 8-18 with positive role models and teaches relationship skills.

Provided by the organization

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3 program services account for $15K of program spending, described in the organization's own filed words · FY2024.
01

I Am Me Youth Summit

A one day event aimed at empowering youth grades 7- 12 throught building confidence and resilience to embrace who they are. Program engages you where htey interact with GOVENMENT/CORPORATE leaders.

$9Kprogram expense
02

Community based mentorship is focused on increasing the number o funderserved youth through community based education. 36 volunteers and 30 youth

$6Kprogram expense
03

I am me youth leadershi program is committed to creating future leaders. This 5 week progam supports youth throught three principles: grwong TALENT/DEVELOPING oneself colaboration and making a difference. 110 youth and 6 contract staff

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$253K
Ln 12
Gifts and grantsLn 1h$192K
Fees for servicesLn 2g$46K
Other incomeLn 4–11$11K
Money outPt IX
$260K
Ln 25
Programscol B$256K
Fundraisingcol D$4K
Owns and owesPt X
$266K
net assets · Ln 32
Cash and savingsLn 1–2$266K
Total assetsLn 16$266K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$192K
Fees for servicesLn 2g$46K
Investment incomeLn 3$3K
Other incomeLn 4–11$11K
Total revenueLn 12$253K
Assets in detailPt X, end of year
CashLn 1$266K
Cash and savings togetherLn 1–2$266K
Total assetsLn 16$266K
LiabilitiesLn 26$0
Net assetsLn 32$266K
OperationsPt I, VI
EmployeesI 53
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 FY24End FY24
Cash and savingsLn 1–2$273K$266K
Total assetsLn 16$273K$266K
LiabilitiesLn 26$373$0
Net assetsLn 32$273K$266K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$74K$74K
Payroll taxesLn 10$6K$6K
Professional fundraising feesLn 11e$4K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$588$588
OccupancyLn 16$18K$18K
TravelLn 17$2K$2K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$116K$116K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$260K$256K$0$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $373K$270K$103K$369K 990 PDF
FY2024 Viewing $253K$260K−$7K$266K 990 PDF
FY2023 $239K$224K$16K$273K 990 PDF
FY2022 $265K$175K$90K$257K 990 PDF
FY2021 $219K$117K$103K$167K 990 PDF
FY2020 $121K$64K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $252,697 across 6 lines filed
VIII-1a Federated campaigns$192,244
VIII-1h Total contributions, gifts and grants$192,244
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,371$46,371
VIII-3 Investment incomeRelated to mission $2,880$2,880
VIII-8 Net income from fundraising events$11,202
VIII-12 Total revenueRelated to mission $49,251$252,697
Part IX · Statement of functional expenses $259,866 across 10 lines filed
IX-7 Other salaries and wagesPrograms $73,869$73,869
IX-10 Payroll taxesPrograms $6,310$6,310
IX-11e Professional fundraising feesFundraising $4,000$4,000
IX-12 Advertising and promotionPrograms $2,199$2,199
IX-13 Office expensesPrograms $588$588
IX-16 OccupancyPrograms $18,231$18,231
IX-17 TravelPrograms $2,251$2,251
IX-23 InsurancePrograms $6,934$6,934
IX-24 Other expenses (24a–d)Programs $115,884$115,884
IX-24e All other expensesPrograms $29,600$29,600
IX-25 Total functional expensesPrograms $255,866 · Management $0 · Fundraising $4,000$259,866
Part X · Balance sheet $265,861 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $272,633$265,861
X-16 Total assetsStart of year $273,403$265,861
X-26 Total liabilitiesStart of year $373$0
X-27 Net assets without donor restrictionsStart of year $71,261$181,192
X-28 Net assets with donor restrictionsStart of year $201,769$84,669
X-32 Total net assets or fund balancesStart of year $273,030$265,861
X-33 Total liabilities and net assetsStart of year $273,403$265,861
Part XI · Reconciliation of net assets $265,861 net assets at year end
XI-1 Total revenue$252,697
XI-2 Total expenses$259,866
XI-3 Revenue less expenses−$7,169
XI-4 Net assets at start of year$273,030
XI-10 Net assets at end of year$265,861

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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