Sauls Light Foundation EIN 47-2915988 Form 990 (PDF) Claim this org

Sauls Light Foundation

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Guides families through NICU stays and infant loss with support and resources. For fiscal year 2024 it reported $283K in revenue, $262K in expenses, and $327K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
New Orleans, LA
Website
www.saulslight.org
Filings
5 on file (2020–2024)
Revenue
$283KFY2024
Expenses
$262K
Net assets
$327K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2915988 Public foundation / grantmaker New Orleans, LA
Form 990 (PDF)
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Size
$100K–1M
What they do
Guides families through NICU stays and infant loss with support and resources.
Leadership
Kimberly Novod · Executive Direc · $59K
Money in and out
$283K revenue, $262K expenses
Bottom line
71% program efficiency
Grants paid & assets · FY2024
Total revenue
$283K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$327K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▲ +19% vs prior filing year
Operating runway
13.0mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -83% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$283K
FY2024▼ -26%
Expenses
$262K
FY2024▲ +19%
Total assets
$434K
FY2024▼ -2%
Total liabilities
$107K
FY2024▼ -17%
Total revenue
$283K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$327K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$434K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $187K of program spending, described in the organization's own filed words · FY2024.
01

Assisting NICU families through a partnership with the Ochsner Health System which includes 40 hospitals across Louisiana. Established Little Libraries in hospitals across the Greater New Orleans area to allow parents to read to their children while in the NICU. These libraries promote bonding and cognitive development.

$187Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSauls Light Foundation
EINHdr · item D47-2915988
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jwww.saulslight.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Direc
$59,231Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kimberly Novod’s $59K as Executive Direc is at the 55th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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

NameFY2024FY2023FY2022FY2021
Kimberly Novod$59,231$38,462$31,153$24,231

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$283K
Program service revenue$500
Total revenueLn 12$283K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$187K
Management & general29%$76K
Total functional expensesLn 25$262K

Balance Sheet

Part X · end of year
CashLn 1$285K
Total assetsLn 16$434K
Total liabilitiesLn 26$107K
Total net assetsLn 32$327K
Months of cash on handcomputed13.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $285K · Operating expenses/yr $262K
13.0 months
Where the money goes
Program services
Program services $187K · Total expenses $262K
71%
Management & General
Management & general $76K · Total expenses $262K
29%
Fundraising
Fundraising $0 · Total expenses $262K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $300K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $283K · Total revenue $283K
100%
Government reliance
Government grants — · Total revenue $283K
Earned-income share
Program service revenue $500 · Total revenue $283K
0.2%
Investment reliance
Investment income $0 · Total revenue $283K
0%
Program self-sufficiency
Program service revenue $500 · Total expenses $262K
0.2%
Growth & trend
Revenue growth (YoY)
This year $283K · Prior year $383K
-26%
Revenue CAGR
FY2020 $82K · FY2024 $283K
+37%
Net-asset trend (YoY)
End of year $327K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $283K · Expenses $262K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $434K
Net-asset ratio
Net assets $327K · Total assets $434K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $434K
0%
People & payroll
Highest Reported Total Compensation
Individual Kimberly Novod · Reported title EXECUTIVE DIREC · Highest reported compensation $59K · Total expenses $262K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $119K · Total expenses $262K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth -26%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
Elluminate INCFY2024$20K
Total grants receivedfrom 3 funders$56K
See all 3 funders →
Grants paid · 4 grants · $70K · 2023–2024
Unitemized GrantFY2024$25,018
Unitemized GrantFY2023$31,926
Touro InfirmaryLA · FY2023$6,748

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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)$283K revenue · viewing · ⤓ 990 PDF
FY2023$383K revenue · ⤓ 990 PDF
FY2022$134K revenue · ⤓ 990 PDF
FY2021$132K revenue · ⤓ 990 PDF
FY2020$82K revenue · ⤓ 990 PDF

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Sources

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