Chelsea's Light Foundation Inc

Nonprofit profile at a glance

EIN
320304624
IRS 990-EZ coverage
2020–2020
Forms available
Form 990 2019, Form 990-EZ 2020
Location
San Diego, CA, USA
Phone
8583828156
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Protection Against Abuse

Reported finances

Revenue
$7,963
Expenses
$26,051
Assets
$53,716
Liabilities
$58

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • BRENT KING (DIRECTOR, CO- PRESIDENT)
  • KELLY KING (DIRECTOR, CO- PRESIDENT)

People named in this filing

  • DAWN WELCH (DIRECTOR)
  • ANDREW SKALE (DIRECTOR)
  • KIMBERLY CACCAVO (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To unite and lead people passionate about protecting children and inspiring positive change within their communities.

What it reported doing in 2020

Sunflower scholarship program: the sunflower scholarship fund was established to reflect the attributes which chelsea king embodied as a young citizen and student at poway high school. She was extremely diligent, involved in a variety of school activities, and had a passion for volunteering in her community, believed in the power of change, and dreamed of making the world a better place. The annual finish chelsea's run is the primary fundraiser for chelsea's light foundation's sunflower scholarship fund, providing scholarships for san diego county college-bound teens who have embraced chelsea's service-over-self ethic.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.1%; rating input score 88

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -227.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.06; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -14.1% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: -27.5% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $23K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.