Light Foundation Inc

Denton, TX
Tax-exempt since June 2003
EIN: 86-1052745

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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: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$229k (2024)

Expenses

$146k (2024)

Total Assets

$906k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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 Dec.
2024

Revenue

$228,566

Expenses

$146,400

Net Income

$82,166

Net Assets

$906,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$77,611	34.0%
Sales of Assets	$150,952	66.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,500	89.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$906,126
Total Liabilities	$0
Net Assets	$906,126

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on July 1, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$390,645

Expenses

$158,450

Net Income

$232,195

Net Assets

$832,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$64,189	16.4%
Sales of Assets	$326,444	83.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,700	90.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$832,480
Total Liabilities	$0
Net Assets	$832,480

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$56,988

Expenses

$163,974

Net Income

-$106,986

Net Assets

$601,376

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$24	0.0%
Dividends	$56,964	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$148,200	90.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$601,376
Total Liabilities	$0
Net Assets	$601,376

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on March 30, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$135,308

Expenses

$136,478

Net Income

-$1,170

Net Assets

$708,362

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$49,788	36.8%
Sales of Assets	$85,517	63.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,500	81.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$708,363
Total Liabilities	$1
Net Assets	$708,362

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on Aug. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

-$5,285

Expenses

$125,623

Net Income

-$130,908

Net Assets

$711,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5
Dividends	$45,849
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,000	78.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$711,532
Total Liabilities	$1
Net Assets	$711,531

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on Nov. 2, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$45,986

Expenses

$96,951

Net Income

-$50,965

Net Assets

$842,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$45,986	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,100	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$842,440
Total Liabilities	$1
Net Assets	$842,439

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on Sept. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2018

Revenue

$41,024

Expenses

$83,282

Net Income

-$42,258

Net Assets

$893,405

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$41,024	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,050	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$893,405
Total Liabilities	$0
Net Assets	$893,405

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on Aug. 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$32,948

Expenses

$80,329

Net Income

-$47,381

Net Assets

$935,663

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$32,948	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,900	98.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$935,663
Total Liabilities	$0
Net Assets	$935,663

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$81,521

Expenses

$79,080

Net Income

$2,441

Net Assets

$983,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,339	38.4%
Sales of Assets	$50,182	61.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,000	98.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$983,044
Total Liabilities	$0
Net Assets	$983,044

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on Aug. 1, 2017

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$94,189

Expenses

$79,847

Net Income

$14,342

Net Assets

$945,956

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,627	35.7%
Sales of Assets	$60,562	64.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,000	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$945,959
Total Liabilities	$3
Net Assets	$945,956

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0

990-PF

Filed on June 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$8,087

Expenses

$78,186

Net Income

-$70,099

Net Assets

$926,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$30,933	> 100%
Sales of Assets	-$22,846
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,000	93.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$926,617
Total Liabilities	$3
Net Assets	$926,614

Compensation

Key Employees and Officers	Compensation	Other
Leslie Coleman (President & Director)	$0	$0
Louraine Wilborn (Director)	$0	$0
Gene Wilborn (Pres/Director Deceased In 2014)	$0	$0

990-PF

Filed on Aug. 12, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$28,026

Expenses

$65,445

Net Income

-$37,419

Net Assets

$996,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,026	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,000	97.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,000,716
Total Liabilities	$4,003
Net Assets	$996,713

Compensation

Key Employees and Officers	Compensation	Other
Gene Wilborn (Pres/Director)	$0	$0
Louraine Wilborn (Director)	$0	$0
Leslie Coleman (Sec/Treas/Dir)	$0	$0

990-PF

Filed on May 13, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$28,963

Expenses

$60,009

Net Income

-$31,046

Net Assets

$986,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,931	99.9%
Sales of Assets	$0
Other Income	$32	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,000	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$986,538
Total Liabilities	$3
Net Assets	$986,535

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$25,564

Expenses

$55,354

Net Income

-$29,790

Net Assets

$1,009,857

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$25,515	99.8%
Sales of Assets	$0
Other Income	$49	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,500	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,009,858
Total Liabilities	$1
Net Assets	$1,009,857

What Is This Data?

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

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Light Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $229k (2024)

Expenses $146k (2024)

Total Assets $906k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$229k (2024)

Expenses

$146k (2024)

Total Assets

$906k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
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