Light Source Foundation: Nonprofit Profile, Financials & Form 990 (EIN 99-1551042)

Revenue by fiscal year
FY2024	$45K
FY2025	$523

Expenses by fiscal year
FY2024	$30K
FY2025	$16K

Net assets by fiscal year
FY2024	$15K
FY2025	−$497

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2025.

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

Where the money goes

37 cents of each dollar spent went to programs.

37%

63%

Program services 37% · $6K Management & general 63% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

David Kay

Director/President

$0Pt VII · Sec A

Dorsa Kay

Director

$0Pt VII · Sec A

See Light Source Foundation 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 15aYes

Programs and updates

Promotes Jewish education and faith through events and learning.

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Provided by the organization

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1 program · $6K · in their own filed words · FY2025

01

Single jewish night. An event to provide a safe environment for those people of the jewish faith to socialize and further their educational goals via seminars and other educational based events for both children under 18 years of age and separately for adults who want to continue to learn about the jewish faith.

$6Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Better Communities Together FoundationFY2024$45K

Total grants receivedfrom 1 funder$45K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$523

Ln 12

Investment incomeLn 3$523

Money outPt IX

$16K

Ln 25

Programscol B$6K

Managementcol C$10K

Owns and owesPt X

−$497

net assets · Ln 32

Total assetsLn 16$10K

LiabilitiesLn 26$10K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$523

Total revenueLn 12$523

Assets in detailPt X, end of year

CashLn 1$0

InvestmentsLn 11–13$10K

Total assetsLn 16$10K

LiabilitiesLn 26$10K

Net assetsLn 32−$497

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2K	$0
InvestmentsLn 11–13	$13K	$10K
Total assetsLn 16	$15K	$10K
LiabilitiesLn 26	$0	$10K
Net assetsLn 32	$15K	−$497

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$10K		$10K
Other expenses (24a–d)Ln 24	$6K	$6K
Total functional expensesLn 25	$16K	$6K	$10K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$523	$16K	−$16K	−$497	990 PDF
FY2024	$45K	$30K	$15K	$15K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $523 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $45,000$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $403$523

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $45,403$523

I-13 Grants and similar amounts paidPrior year $0$0

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 $30,206$16,217

I-18 Total expensesPrior year $30,206$16,217

I-19 Revenue less expensesPrior year $15,197−$15,694

Part VI · Governance 0 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

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 payYes

Part VIII · Statement of revenue $523 across 2 lines filed

VIII-3 Investment incomeExcluded from tax $523$523

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $523$523

Part IX · Statement of functional expenses $16,217 across 2 lines filed

IX-11c Accounting feesManagement $10,217$10,217

IX-24 Other expenses (24a–d)Programs $6,000$6,000

IX-25 Total functional expensesPrograms $6,000 · Management $10,217 · Fundraising $0$16,217

Part X · Balance sheet $9,720 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $2,052$0

X-11 Publicly traded securitiesStart of year $13,145$9,720

X-16 Total assetsStart of year $15,197$9,720

X-24 Unsecured notes and loans payableStart of year $0$10,217

X-26 Total liabilitiesStart of year $0$10,217

X-32 Total net assets or fund balancesStart of year $15,197−$497

X-33 Total liabilities and net assetsStart of year $15,197$9,720

Part XI · Reconciliation of net assets −$497 net assets at year end

XI-1 Total revenue$523

XI-2 Total expenses$16,217

XI-3 Revenue less expenses−$15,694

XI-4 Net assets at start of year$15,197

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$497

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

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