Light Source Foundation: FY2024 Nonprofit Profile & 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

100 cents of each dollar spent went to programs.

100%

Program services 100% · $30K

Form 990 Part IX, line 25. 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

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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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2 programs · $30K · in their own filed words · FY2024

01

Israel unity event. A program to ensure the jewish future by creating opportunities for people of all ages to participate and celebrate in jewish life and connect with the community. This can be done to unity the people of israel around their jewish faith.

$16Kprogram expense

02

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.

$15Kprogram 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 FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$45K

Ln 12

Gifts and grantsLn 1h$45K

Investment incomeLn 3$403

Money outPt IX

$30K

Ln 25

Programscol B$30K

Owns and owesPt X

$15K

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$15K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$45K

Investment incomeLn 3$403

Total revenueLn 12$45K

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$13K

Total assetsLn 16$15K

LiabilitiesLn 26$0

Net assetsLn 32$15K

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 FY24	End FY24
Cash and savingsLn 1–2	$0	$2K
InvestmentsLn 11–13		$13K
Total assetsLn 16	$0	$15K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$0	$15K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other expenses (24a–d)Ln 24	$30K	$30K
Total functional expensesLn 25	$30K	$30K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$523	$16K	−$16K	−$497	990 PDF
FY2024 Viewing	$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 FY2024 990 (6 parts)

Part I · Summary $45,403 revenue, 12 lines filed

I-8 Contributions and grants$45,000

I-9 Program service revenue$0

I-10 Investment income$403

I-11 Other revenue$0

I-12 Total revenue$45,403

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$30,206

I-18 Total expenses$30,206

I-19 Revenue less expenses$15,197

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 $45,403 across 4 lines filed

VIII-1f All other contributions, gifts and grants$45,000

VIII-1h Total contributions, gifts and grants$45,000

VIII-3 Investment incomeExcluded from tax $403$403

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $403$45,403

Part IX · Statement of functional expenses $30,206 across 1 line filed

IX-24 Other expenses (24a–d)Programs $30,206$30,206

IX-25 Total functional expensesPrograms $30,206 · Management $0 · Fundraising $0$30,206

Part X · Balance sheet $15,197 assets, 6 lines filed

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

X-11 Publicly traded securities$13,145

X-16 Total assetsStart of year $0$15,197

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $0$15,197

X-33 Total liabilities and net assetsStart of year $0$15,197

Part XI · Reconciliation of net assets $15,197 net assets at year end

XI-1 Total revenue$45,403

XI-2 Total expenses$30,206

XI-3 Revenue less expenses$15,197

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$15,197

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Light Source Foundation FY2024 filing

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