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Firstlight Community Foundation INC FY2023 filing

Tax-deductible

El Paso, TX501(c)(3)Human ServicesEIN 47-5322938Revenue $582K in FY2023

On file with the IRSfirstlightfcu.org/community-foundation9983 Kenworthy St, 79924-4404 · El Paso, TXTax-exempt since Jun 2017Supporting org, Type I — 509(a)(3)

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To elevate individual and Community financial wellness

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $358K a year · 85% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
206 mo
of spending, in cash
Looks good: 205.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$582K
+254% vs prior year
Spent
$49K
To programs
100%
Net assets
$834K
By yearFY2021–FY2024
Revenue
$582K
FY2023▲ +254%
Tap a bar for its year
Revenue by fiscal year
FY2021$98K
FY2022$165K
FY2023$582K
FY2024$264K
Expenses
$49K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$49K
FY2024$82K
Net assets
$834K
FY2023▲ +179%
Tap a bar for its year
Net assets by fiscal year
FY2021$206K
FY2022$299K
FY2023$834K
FY2024$1.0M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $49K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Jaime Medina
Board President
$0Pt VII · Sec A
Miguel Cheng-Guajardo
Board Treasurer
$0Pt VII · Sec A
Karl Murphy
Board Member
$0Pt VII · Sec A
Mica Short
Board Member
$0Pt VII · Sec A
Daniel Hernandez
Board Member
$0Pt VII · Sec A
Margie Salazar
Board Member
$0Pt VII · Sec A
Anthony Walker
Executive Director
$0Pt VII · Sec A
See Firstlight Community Foundation INC 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

Empowers individuals and communities to improve their financial health and well-being.

Questions for Firstlight Community Foundation INC

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Provided by the organization

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1 program · $49K · in their own filed words · FY2023
01

Financial Education

58 initiatives were completed with over 3,729 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.

$49Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Robert Wood Johnson FoundationFY2024$100K
Total grants receivedfrom 1 funder$100K
Grants paid · 2 grants · $84K · 2023–2024
Unitemized GrantFY2024$49,000
Unitemized GrantFY2023$35,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$582K
Ln 12
Gifts and grantsLn 1h$565K
Other incomeLn 4–11$18K
Money outPt IX
$49K
Ln 25
Programscol B$49K
Owns and owesPt X
$834K
net assets · Ln 32
Cash and savingsLn 1–2$834K
Total assetsLn 16$834K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$565K
Fundraising eventsLn 1c$82K
Other incomeLn 4–11$18K
Total revenueLn 12$582K
Assets in detailPt X, end of year
CashLn 1$834K
SavingsLn 2$10
Cash and savings togetherLn 1–2$834K
Total assetsLn 16$834K
LiabilitiesLn 26$0
Net assetsLn 32$834K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY23End FY23
Cash and savingsLn 1–2$299K$834K
Total assetsLn 16$299K$834K
LiabilitiesLn 26$0$0
Net assetsLn 32$299K$834K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$35K$35K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$3K$3K
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$49K$49K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $264K$82K$182K$1.0M 990 PDF
FY2023 Viewing $582K$49K$534K$834K 990 PDF
FY2022 $165K$299K 990 PDF
FY2021 $98K$206K 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 FY2023 990 (6 parts)
Part I · Summary $582,389 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,403$564,509
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$5,838$17,880
I-12 Total revenuePrior year $164,565$582,389
I-13 Grants and similar amounts paidPrior year $25,500$36,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47,879$12,191
I-18 Total expensesPrior year $73,379$48,691
I-19 Revenue less expensesPrior year $91,186$533,698
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $582,389 across 5 lines filed
VIII-1c Fundraising events$82,500
VIII-1f All other contributions, gifts and grants$482,009
VIII-1h Total contributions, gifts and grants$564,509
VIII-8 Net income from fundraising eventsExcluded from tax $17,880$17,880
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,880$582,389
Part IX · Statement of functional expenses $48,691 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $1,500$1,500
IX-2 Grants to domestic individualsPrograms $35,000$35,000
IX-11c Accounting feesPrograms $2,363$2,363
IX-13 Office expensesPrograms $2,550$2,550
IX-24 Other expenses (24a–d)Programs $7,278$7,278
IX-25 Total functional expensesPrograms $48,691 · Management $0 · Fundraising $0$48,691
Part X · Balance sheet $833,662 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $299,322$833,652
X-2 Savings and temporary cash investmentsStart of year $10$10
X-16 Total assetsStart of year $299,332$833,662
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $299,332$833,662
X-33 Total liabilities and net assetsStart of year $299,332$833,662
Part XI · Reconciliation of net assets $833,662 net assets at year end
XI-1 Total revenue$582,389
XI-2 Total expenses$48,691
XI-3 Revenue less expenses$533,698
XI-4 Net assets at start of year$299,332
XI-8 Prior period adjustments$632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$833,662

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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