The Fairlight Foundation EIN 98-1574467

The Fairlight Foundation FY2022 filing

EIN  98-1574467 Public charity (501(c)(3)) New Zealand
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
Supports New Zealand women in farming through education and research advancement.
Leadership
Laura Koot · Executive Director · $47K
Money in and out
$146K revenue, $126K expenses
Bottom line
85% program efficiency

Supports New Zealand women in farming through education and research advancement. For fiscal year 2022 it reported $146K in revenue, $126K in expenses, and $883K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$883K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
83.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$146K
FY2022▼ -88%
Expenses
$126K
FY2022▼ -30%
Total assets
$916K
FY2022▼ -15%
Total liabilities
$33K
FY2022▼ -4%
Total revenue
$146K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$883K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$916K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $107K of program spending, described in the organization's own filed words · FY2022.
01

The revenue and expenses outlined above were for the funding of and development and implementation of curriculum, mentoring, and internship programs and then the recruitment of women into the programs and for the second class, their graduation and ultimate hiring into positions within the New Zealand agricultural industries.

$107Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Fairlight Foundation
EINHdr · item D98-1574467
Principal addressHdr · item CNew Zealand,
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item M
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
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
$47,206Pt VII · Sec A
$0Pt VII · Sec A
Chair Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Laura Koot’s $27K as Executive Director is at the 20th percentile of top reported officer pay among 1616 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Laura Koot$26,735$47,174$47,206$83,423
Douglas Harpur$705

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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Statement of Revenue

Part VIII
Contributions & grants109%$160K
— government grantsLn 1e$30K
Total revenueLn 12$146K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$107K
Management & general15%$19K
Total functional expensesLn 25$126K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$916K
Total liabilitiesLn 26$33K
Total net assetsLn 32$883K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $858K · Operating expenses (Pt IX) $126K · Less non-cash grants $3K · Cash operating expenses/yr $123K
83.4 months
Where the money goes
Program services
Program services $107K · Total expenses $126K
85%
Management & General
Management & general $19K · Total expenses $126K
15%
Fundraising
Fundraising $0 · Total expenses $126K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $679K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $160K · Total revenue $146K
109%
Government reliance
Government grants $30K · Total revenue $146K
21%
Earned-income share
Program service revenue $0 · Total revenue $146K
0%
Investment reliance
Investment income $-13K · Total revenue $146K
-9%
Program self-sufficiency
Program service revenue $0 · Total expenses $126K
0%
Growth & trend
Revenue growth (YoY)
This year $146K · Prior year $1.2M
-88%
Net-asset trend (YoY)
End of year $883K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $146K · Expenses $126K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $916K
Net-asset ratio
Net assets $883K · Total assets $916K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $836K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $916K
91%
People & payroll
Highest Reported Total Compensation
Individual Laura Koot · Reported title Executive Director · Highest reported compensation $47K · Total expenses $126K
37%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $51K · Total expenses $126K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth -88%
Investment management fee ratio 1%
Accounting fee ratio 3%

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.

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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)$136K revenue · ⤓ 990 PDF
FY2023$168K revenue · ⤓ 990 PDF
FY2022$146K revenue · viewing · ⤓ 990 PDF
FY2021$1.2M 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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