Overview
What is The Light Foundation?
The Light Foundation is a nonprofit organization dedicated to uplifting young individuals by launching and sponsoring practical initiatives and events. Their primary objective is to foster the growth of logical ethical principles and financial literacy within young people, thereby cultivating a strong sense of independence. Their activities encompass youth-focused programs. By promoting these values, The Light Foundation aims to inspire young people to fully realize their potential.
Official website here: www.mattlight72.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 59% (One-Star out of Four Stars)
The Light Foundation received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial performance. While the organization has demonstrated strong leadership and adaptability, reflected in perfect scores for those categories, it struggles with financial efficiency with a program expense ratio of only 37.08%. This suggests that a limited portion of its budget is allocated directly to programs, affecting its overall effectiveness.
Strengths of The Light Foundation include a fully independent board and solid governance practices, with full marks in areas like audit committee oversight and conflict of interest policies. These elements indicate a commitment to transparency and ethical management. However, the low scores in financial metrics, such as a fundraising efficiency ratio of $0.26, raise questions about the sustainability of its operations and its ability to fund its programs effectively.
Users may appreciate the organization's strong community culture; however, potential donors and supporters might be deterred by its financial management issues and low program expenditure. Overall, while The Light Foundation shows promise in leadership and governance, it must address its financial challenges to improve its standing and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Light Foundation?
98% of 42 reviewers on Facebook recommend The Light Foundation. Here is a summary of their reviews:
Many reviewers express gratitude for the impact that the foundation has had, particularly highlighting the camps for boys. Users appreciate the dedication and effort that Matt and the team put into creating a positive experience for participants. Comments often reflect a sense of community and support surrounding the foundation's initiatives, showcasing a strong connection among patrons.
Overall, the sentiment is overwhelmingly positive, with individuals feeling satisfied and optimistic about the services provided by The Light Foundation. They commend the organization for its mission and the meaningful experiences it offers to the youth involved.
This AI summary has been generated from reviews found on Facebook.
Is The Light Foundation legitimate?
The Light Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Light Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $817,549
For more financial information, click here
Official website here: www.mattlight72.com
What is the mission statement of The Light Foundation?
The Light Foundation aims to empower young individuals by initiating and supporting hands-on programs and events. These initiatives are designed to foster the growth of rational moral values and personal financial competence within the youth. This approach aims to instill a strong sense of self-reliance in them, inspiring them to strive towards their highest potential. The foundation's activities primarily focus on youth programming.
Official website here: www.mattlight72.com
Who is the CEO of The Light Foundation?
Matt Light is the Director of The Light Foundation.
Official website here: www.mattlight72.com
What is the revenue of The Light Foundation?
The Light Foundation's revenue in 2022 was $3,136,486.
Official website here: www.mattlight72.com
Who are the executives of The Light Foundation and what are their salaries?
The average compensation at The Light Foundation during 2022 was $62,888. There are 13 employees and 650 volunteers at The Light Foundation.
Here are 13 key members and their salaries:
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- Compensation: $213,299
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Official website here: www.mattlight72.com
Where can I find the form 990 for The Light Foundation?
The Light Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mattlight72.com
Learn more at the official website: www.mattlight72.com
Mission Statement of The Light Foundation
The Light Foundation, as a nonprofit organization, is committed to empowering young individuals to reach their full potential. It accomplishes this mission by initiating and supporting hands-on programs and events that foster the development of rational moral values and personal financial acumen. By doing so, The Light Foundation instills a sense of purpose within these young people. Their efforts primarily focus on youth programming. In simpler terms, The Light Foundation aims to equip young people with the necessary skills and values to become self-reliant and successful individuals.
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Impact
July, 2024
The Light Foundation empowers young people to reach their highest potential by initiating and supporting hands-on programs and events that promote the development of rational moral values and personal financial acumen. Through their youth programming initiatives, they instill a sense of self-reliance and purpose in the next generation.
This information is meant to be a general summary of The Light Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $247,142
- Gross Receipts: $4,462,246
Assets and Liabilities:
- Total Assets: $6,617,761
- Total Liabilities: $551,194
- Net Assets: $6,066,567
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Organization Details
Founding Year
2003
Phone
(937) 316-6352Principal Officer
Matt Light
Main Address
440 GREENVILLE-NASHVILLE RD, GREENVILLE, OH, 45331
Website
www.mattlight72.comNTEE Category
Code: T31 - Philanthropy
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