The Light Foundation EIN 81-3061830 Form 990 (PDF) Claim this org

The Light Foundation FY2022 filing

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Builds core values in youth and connects them to life-enriching opportunities. For fiscal year 2022 it reported $303K in revenue, $1.1M in expenses, and $3.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Creve Coeur, MO
Website
www.light.foundation
Filings
5 on file (2020–2022)
Revenue
$303KFY2022
Expenses
$1.1M
Net assets
$3.0M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-3061830 Public charity (501(c)(3)) Creve Coeur, MO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds core values in youth and connects them to life-enriching opportunities.
Leadership
Sharon Mistretta · Executive Director · $100K
Money in and out
$303K revenue, $1.1M expenses
Where the money goes · FY2022
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$798K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.18 Fundraising $0.01

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$303K
FY2022▼ -83%
Expenses
$1.1M
FY2022▲ +29%
Total assets
$3.6M
FY2022▼ -33%
Total liabilities
$585K
FY2022▼ -25%
Total revenue
$303K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$798K
Total assetsPt X · Ln 16$3.6M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Light Foundation
EINHdr · item D81-3061830
Principal addressHdr · item CCreve Coeur, MO
WebsiteHdr · item Jwww.light.foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O55)
Ruling yearIRS BMFNov 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 Director
$99,500Pt VII · Sec A
Limelight Studio Director
$12,500Pt VII · Sec A
Demolay Youth
$12,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Sharon Mistretta’s $78K as Executive Director is at the 71st percentile of top reported officer pay among 1984 $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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sharon Mistretta$78,355$112,500$99,500$111,700$109,200
Erika Cockerham$12,500$12,500$12,500$11,417
Quentin Cockerham$12,500$12,500$12,500$12,500
Brandon Cockerham$12,500$12,500

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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Mission & Programs · Part III

Where the work happens

3 program services account for $852K of program spending, described in the organization's own filed words · FY2022.
01

Ritecare

The light foundation collaborates with the national, state and regional ritecare programs that provide free language and literacy therapy to at risk youth with significant communication challenges.

$345Kprogram expense
02

Light box productions produces original philanthropic creative resources, educational and studio opportunities (including video, brand marketing and virtual messaging, web, event and exhibit creation) to amplify youth-focused initiatives.

$266Kprogram expense
03

Youth Development Program

Special program and services for youth organizations and families with educational and event management and support, leadership program development, and income to support services of ST. Louis youth programs. In 2022, the light foundation philanthropically hosted a statewide leadership conference for youth forward charitable initiatives.

$241Kprogram expense

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Statement of Revenue

Part VIII
Investment income$217K · 72%
Contributions & grants$104K · 34%
Investment income72%$217K
Contributions & grants34%$104K
Total revenueLn 12$303K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.18 Fundraising $0.01
Program services80%$885K
Management & general18%$204K
Fundraising1%$12K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$3.6M
Total liabilitiesLn 26$585K
Total net assetsLn 32$3.0M
Months of cash on handcomputed0.9

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$97K
Grants paid · 17 grants · $399K · 2020–2024
The Haven of GraceMO · FY2024$5,015
The Haven of GraceMO · FY2023$64,760
The Haven of GraceMO · FY2022$6,700
Walker Scottish Rite ClinicMO · FY2020$23,004
Unitemized GrantFY2020$19,744
Kansas City Scottish Rite Childrens Language DisorMO · FY2020$6,100

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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)$491K revenue · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$303K revenue · viewing · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$175K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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