LIFE LIGHT EDUCATIONAL FOUNDATION

EIN: 261374037 501(c)(3) Education

SOUTH EL MONTE, CA

Total Revenue
$324,418
Total Expenses
$259,695
Total Assets
$1,505,638
Net Assets
$1,503,834
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
Tax Period
2023-01-01 to 2023-12-31

LIFE LIGHT EDUCATIONAL FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $324K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 20% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO BLIND, HANDICAPPED OR POOR STUDENTS WHO ARE UNABLE TO RECEIVE EDUCATION DUE TO FINANCIAL HARDSHIP SO THAT THEY WILL BE ABLE TO SUPPORT THEMSELVES, AND LIFTING THE BURDEN OFF SOCIETY TO CARE FOR THEM.

Program Service Accomplishments

Program 1
Expenses: $145,255

PROVIDE FINANCIAL ASSISTANCE TO FOREIGN EDUCATIONAL INSTITUTIONS FOR BLIND, AND HANDICAPPED STUDENTS WHO HAVE FINANCIAL HARDSHIP. INSTITUTIONS THAT RECEIVED GRANTS INCLUDE CHINA EVANGELICAL SEMINARY...

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PROVIDE FINANCIAL ASSISTANCE TO FOREIGN EDUCATIONAL INSTITUTIONS FOR BLIND, AND HANDICAPPED STUDENTS WHO HAVE FINANCIAL HARDSHIP. INSTITUTIONS THAT RECEIVED GRANTS INCLUDE CHINA EVANGELICAL SEMINARY (TAIPEI, TAIWAN), POLLARD SCHOOL (YUNNAN, CHINA), THE TRADE SCHOOL FOR BLIND (ZHENGZHOU, CHINA), BEIJING BLIND CENTER (BEIJING, CHINA), XIANLL (XIAN, CHINA), CHINESE MINISTRY (HENAN, CHINA), MBC (BEIJING, CHINA), AND TAIWAN LIFE LIGHT FOUNDATION(TAIPEI, TAIWAN), AND LUO XI (CHANGSHA CITY OF HUNAN PROVINCE, CHINA).

Program 2
Expenses: $45,310

PROVIDE FINANCIAL ASSISTANCE TO DOMESTIC EDUCATIONAL INSTITUTIONS FOR BLIND, HANDICAPPED STUDENTS HAVING FINANCIAL HARDSHIP. INSTITUTIONS THAT RECEIVED GRANTS INCLUDE SOUTHWESTERN BAPTIST SEMINARY...

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PROVIDE FINANCIAL ASSISTANCE TO DOMESTIC EDUCATIONAL INSTITUTIONS FOR BLIND, HANDICAPPED STUDENTS HAVING FINANCIAL HARDSHIP. INSTITUTIONS THAT RECEIVED GRANTS INCLUDE SOUTHWESTERN BAPTIST SEMINARY (FORT WORTH, TX), BRAILLE INSTITUTE (LOS ANGELES, CA), PASADENA BRAILLE CLUB (WHITTIER, CA), LUTHERAN BRAILLE WORKER (YUCAIPA, CA), AND POPS FOUNDATION (LIVERMORE, CA).

Program 3
Expenses: $20,800

PROVIDE FINANCIAL ASSISTANCE TO DOMESTIC INDIVIDUALS FOR BLIND, HANDICAPPED STUDENTS HAVING FINANCIAL HARDSHIP. MING XING LI (LAS VEGAS, NV), AND ZHI WANG (SAN GABRIEL, CA) RECEIVED THE GRANT IN 2023.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $230,516
Program Service Revenue $0
Investment Income $93,902
Other Revenue $0
TOTAL REVENUE $324,418

Expense Breakdown

Grants Paid $211,365
Salaries & Benefits $38,785
Fundraising Expenses $0
Program Expenses $211,365
Other Expenses $9,545
TOTAL EXPENSES $259,695

Year-over-Year Comparison

2023 2022 Change
Revenue $324,418 $255,372 +0.3%
Expenses $259,695 $283,276 -0.1%
Net Income $64,723 $-27,904 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$20,400
Total Directors
3
$20,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM LEI PRESIDENT 5.00
Officer Director
$20,400 $0 $20,400
WEI CHING LEI SECRETARY & TREASURER 5.00
Officer Director
$0 $0 $0
ROBERT P LEWIS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $324,418 $259,695 $1,505,638 $64,723
2022 $255,372 $283,276 $1,440,295 $-27,904
2021 $352,653 $215,318 $1,468,172 $137,335
2020 $291,560 $198,523 $1,330,840 $93,037
2019 $404,316 $260,985 $1,237,425 $143,331
2018 $415,029 $385,603 $1,096,686 $29,426
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