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Lightning Boy Endowment Corporation

Santa Fe, NMUnknown exempt organizationSince 2023 EIN 93-4795580Revenue $50K in FY2025

On file with the IRS31 Turtle Cir · Santa Fe, NM

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The Corporation shall be operated exclusively for the benefit of Lightning Boy Foundation by the development, management, investment, and operation of a permanent endowment fund for Lightning Boy Foundation's long-term benefit, making grants to or for the benefit of Lightning Boy Foundation consistent therewith, and/or engaging in activities approved by the Corporation's Board that support or benefit Lightning Boy Foundation.

Mission: Form 990 Part I, line 1

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
Spent
$0
Net assets
$382K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
George Rivera
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joel McHorse
Treasurer
$0Pt VII · Sec A
Kenneth Johnson
Board Member
$0Pt VII · Sec A
Robert Martin
Board Member
$0Pt VII · Sec A
See Lightning Boy Endowment Corporation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Lightning Boy Endowment Corporation is a nonprofit organization based in Santa Fe, NM, formed in 2023.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

The Corporation shall be operated exclusively for the benefit of Lightning Boy Foundation by the development, management, investment, and operation of a permanent endowment fund for Lightning Boy Foundation's long-term benefit, making grants to or for the benefit of Lightning Boy Foundation consistent therewith, and/or engaging in…

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$35K
Investment incomeLn 3$15K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$382K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$382K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$15K
Total revenueLn 12$50K
Assets in detailPt X, end of year
SavingsLn 2$82K
Cash and savings togetherLn 1–2$82K
InvestmentsLn 11–13$201K
Other assetsLn 15$99K
Total assetsLn 16$382K
LiabilitiesLn 26$0
Net assetsLn 32$382K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$132K$82K
InvestmentsLn 11–13$199K$201K
Total assetsLn 16$331K$382K
LiabilitiesLn 26$0$0
Net assetsLn 32$331K$382K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $50K$0$50K$382K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $49,856 revenue, 12 lines filed
I-8 Contributions and grants$34,854
I-9 Program service revenue$0
I-10 Investment income$15,002
I-11 Other revenue$0
I-12 Total revenuePrior year $0$49,856
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expensesPrior year $0$0
I-19 Revenue less expensesPrior year $0$49,856
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $49,856 across 11 lines filed
Lines not itemized here account for $10,049 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$34,854
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$34,854
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $4,953 · Excluded from tax $0$4,953
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $15,002 · Excluded from tax $0$49,856
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $382,128 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $132,463$82,499
X-12 Other securitiesStart of year $198,572$200,789
X-15 Other assets$98,840
X-16 Total assetsStart of year $331,035$382,128
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $331,035$382,128
X-33 Total liabilities and net assetsStart of year $331,035$382,128
Part XI · Reconciliation of net assets $382,128 net assets at year end
XI-1 Total revenue$49,856
XI-2 Total expenses$0
XI-3 Revenue less expenses$49,856
XI-4 Net assets at start of year$331,035
XI-5 Net unrealized gains (losses) on investments$1,237
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$382,128

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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