Firstlight Community Foundation INC EIN 47-5322938 Form 990 (PDF) Claim this org

Firstlight Community Foundation INC

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Empowers individuals and communities to improve their financial health and well-being. For fiscal year 2024 it reported $264K in revenue, $82K in expenses, and $1.0M in net assets.Pt I

Type
Supporting organization · Human Services
Location
El Paso, TX
Website
www.firstlightfcu.org/community-foundation
Filings
4 on file (2021–2024)
Revenue
$264KFY2024
Expenses
$82K
Net assets
$1.0M
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-5322938 Supporting organization El Paso, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers individuals and communities to improve their financial health and well-being.
Leadership
Mica Short · Board Member
Money in and out
$264K revenue, $82K expenses
Bottom line
+69% net inflow
Money in and out · FY2024
Total revenue
$264K
Pt VIII · Ln 12
Total expenses
$82K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $182K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+69%
revenue over expenses, this year▼ -25% vs prior filing year
Pass-through gifts
107%
of revenue from contributions▲ +11% vs prior filing year
Program spending
100%
of expenses reach stated programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$264K
FY2024▼ -55%
Expenses
$82K
FY2024▲ +68%
Total assets
$1.0M
FY2024▲ +24%
Total liabilities
$0
FY2024
Total revenue
$264K
Pt VIII · Ln 12
Total expenses
$82K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$182K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFirstlight Community Foundation INC
EINHdr · item D47-5322938
Principal addressHdr · item CEl Paso, TX
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P51)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $82K of program spending, described in the organization's own filed words · FY2024.
01

Financial Education

In 2024, over 60 initiatives were completed with over 12,150 participants reached through the provision of programs and opportunities for community members to strengthen financial wellness; inclusive of first-time home buyer, budgeting, account and money management.

$82Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$283K · 107%
Investment income$25K · 9%
Contributions & grants107%$283K
Investment income9%$25K
Total revenueLn 12$264K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$82K
Total functional expensesLn 25$82K

Balance Sheet

Part X · end of year
CashLn 1$445K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.0M
Months of cash on handcomputed65.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $82K
151.8 months
Where the money goes
Program services
Program services $82K · Total expenses $82K
100%
Management & General
Management & general $0 · Total expenses $82K
0%
Fundraising
Fundraising $0 · Total expenses $82K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $424K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $283K · Total revenue $264K
107%
Government reliance
Government grants — · Total revenue $264K
Earned-income share
Program service revenue $0 · Total revenue $264K
0%
Investment reliance
Investment income $25K · Total revenue $264K
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $82K
0%
Growth & trend
Revenue growth (YoY)
This year $264K · Prior year $582K
-55%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $264K · Expenses $82K
+69%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $593K · Total assets (Pt X, ln 16) $1.0M
57%
People & payroll
Highest Reported Total Compensation
Individual Mica Short · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $82K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $82K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -55%
Investment management fee ratio 0.6%
Accounting fee ratio 1.0%

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
Total grants receivedfrom 1 funder$100K
Grants paid · 2 grants · $84K · 2023–2024
Unitemized GrantFY2024$49,000
Unitemized GrantFY2023$35,000

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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)$264K revenue · viewing · ⤓ 990 PDF
FY2023$582K revenue · ⤓ 990 PDF
FY2022$165K revenue · ⤓ 990 PDF
FY2021$98K 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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