Light on Leaves Foundation

IRS exemption revoked

Albuquerque, NM501(c)(3)Foundations & GrantmakersEIN 88-3962479

$25K paid to officers and key staff.
Pay: Part VII

Before you give

FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990-PF
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Pay to officers and key staff
$25K
to officers and key staff · 92% of spending
Top officer’s pay higher than 74% of similar orgs
Concern: pay to officers and key staff is 92% of spending; over 30%.
990-PF Pt VIII
Cash reserves
14 mo
of spending, in cash
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
Spent
$27K
Net assets
$23K

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Feb 2023.

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

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $27K

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

Who runs it and what they're paid

3 people listed on the 990-PF; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
Execdir/Secr
$25,000Pt VII · Sec A
President
$0Pt VII · Sec A
VP / Treasur
$0Pt VII · Sec A

Rachel Brunton’s $25K as Execdir/Secr is at the 74th percentile of top reported officer pay among 133 <$100K 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.

See Light on Leaves Foundation executive salaries →

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Programs and updates

A private foundation based in Albuquerque, NM.

Provided by the organization

This section is blank until Light on Leaves Foundation claims this page.

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By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$50K
Gifts and grants$50K
Investment income$230
Money out
$27K
Running costs$27K
Owns and owes
$23K
net assets
Cash and savings$32K
Total assets$32K
Liabilities$9K
People
3
listed
Paid1
2In more detail
Revenue in detail
Gifts and grants$50K
Investment income$230
Total revenue$50K
Assets in detailEnd of year
Cash and savings together$32K
Total assets$32K
Liabilities$9K
Net assets$23K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $50K$27K$23K$23K 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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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