Richard U Light Foundation

Kalamazoo, MI
Tax-exempt since June 1983
EIN: 38-2456949

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$18.8k (2023)

Expenses

$649k (2023)

Total Assets

$0 (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$18,781

Expenses

$648,511

Net Income

-$629,730

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$18,781	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$33,623	5.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen M Denenfeld (Secretary)	$17,893	$0	$0
Barbara J Parish (Vp/Treasurer)	$15,731	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2022

Revenue

$25,417,215

Expenses

$73,691,709

Net Income

-$48,274,494

Net Assets

$629,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$589,134	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$24,828,081	97.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$28,521	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$629,730
Total Liabilities	$0
Net Assets	$629,730

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$15,569	$0	$0
Stephen M Denenfeld (Secretary)	$12,952	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on April 17, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2021

Revenue

$12,217,550

Expenses

$1,162,813

Net Income

$11,054,737

Net Assets

$85,884,105

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$822,385	6.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,395,165	93.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,034	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$85,884,105
Total Liabilities	$0
Net Assets	$85,884,105

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$9,719	$0	$0
Stephen M Denenfeld (Secretary)	$5,315	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on April 27, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$1,348,895

Expenses

$1,021,192

Net Income

$327,703

Net Assets

$68,239,037

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$990,523	73.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$358,372	26.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$33,673	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$68,239,037
Total Liabilities	$0
Net Assets	$68,239,037

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$18,413	$0	$0
Stephen M Denenfeld (Secretary)	$15,260	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on Jan. 28, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$5,769,119

Expenses

$2,115,168

Net Income

$3,653,951

Net Assets

$61,876,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$937,052	16.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,832,067	83.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,240	2.0%

Assets/Debt
Total Assets	$61,876,438
Total Liabilities	$0
Net Assets	$61,876,438

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$19,550	$0	$0
Stephen M Denenfeld (Secretary)	$18,153	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on Nov. 8, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$3,947,262

Expenses

$2,132,735

Net Income

$1,814,527

Net Assets

$55,560,805

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$873,651	22.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,073,611	77.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,448	1.9%

Assets/Debt
Total Assets	$55,560,805
Total Liabilities	$0
Net Assets	$55,560,805

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$35,050	$0	$0
Stephen M Denenfeld (Secretary)	$33,493	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$264,362

Expenses

$1,941,970

Net Income

-$1,677,608

Net Assets

$49,328,965

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$748,765	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$484,403
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$37,414	1.9%

Assets/Debt
Total Assets	$49,328,965
Total Liabilities	$0
Net Assets	$49,328,965

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$19,144	$0	$0
Stephen M Denenfeld (Secretary)	$16,722	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on May 11, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$3,472,594

Expenses

$1,838,105

Net Income

$1,634,489

Net Assets

$46,171,027

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$700,378	20.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,772,216	79.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$35,200	1.9%

Assets/Debt
Total Assets	$46,171,027
Total Liabilities	$0
Net Assets	$46,171,027

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$19,631	$0	$0
Stephen M Denenfeld (Secretary)	$16,788	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on March 31, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$3,932,043

Expenses

$1,630,858

Net Income

$2,301,185

Net Assets

$47,630,847

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$717,468	18.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,214,575	81.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$50,600	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,120	1.6%

Assets/Debt
Total Assets	$47,630,847
Total Liabilities	$0
Net Assets	$47,630,847

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara J Parish (Vp/Treasurer)	$19,063	$0	$0
Stephen M Denenfeld (Secretary)	$17,080	$0	$0
Timothy Light (President)	$0	$0	$0

990

Filed on Feb. 13, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

$3,360,313

Expenses

$1,032,274

Net Income

$2,328,039

Net Assets

$46,090,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$0
Bond Proceeds	$306,823	9.1%
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,053,490	90.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,250	1.7%

Assets/Debt
Total Assets	$46,090,636
Total Liabilities	$0
Net Assets	$46,090,636

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$3,890,460

Expenses

$46,170,676

Net Income

-$42,280,216

Net Assets

$44,540,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,302,127	33.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,588,333	66.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$72,008	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$34,600	0.1%

Assets/Debt
Total Assets	$44,540,682
Total Liabilities	$0
Net Assets	$44,540,682

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$6,044,520

Expenses

$3,092,442

Net Income

$2,952,078

Net Assets

$73,444,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,481,245	24.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,563,275	75.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$37,806	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$33,113	1.1%

Assets/Debt
Total Assets	$73,444,237
Total Liabilities	$0
Net Assets	$73,444,237

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,922,216

Expenses

$3,014,579

Net Income

-$92,363

Net Assets

$67,008,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,211,668	41.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,710,548	58.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$53,240	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$31,650	1.0%

Assets/Debt
Total Assets	$67,008,411
Total Liabilities	$0
Net Assets	$67,008,411

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Richard U Light Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $18.8k (2023)

Expenses $649k (2023)

Total Assets $0 (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2019

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2018

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$18.8k (2023)

Expenses

$649k (2023)

Total Assets

$0 (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001