Light Dao Foundation Inc
Nonprofit profile at a glance
- EIN
- 923058730
- IRS 990 coverage
- 2023–2023
- Forms available
- Form 990 2023
- Location
- Los Angeles, CA, USA
- Phone
- 3108684345
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $167,414
- Expenses
- $117,455
- Assets
- $49,959
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- PAYAM SAFA (PRESIDENT)
People named in this filing
- MICHAEL CHIANG (DIRECTOR)
- GUY GOTSLAK (TREASURER)
- HANNA KIM (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to expand collective consciousness towards unity, light, and love through enlightenment. We focus on promoting education, humanitarian efforts, and the overall well-being of the community, encouraging co-creation. Our primary activities include hosting regular monthly gatherings in the cities where we operate.
What it reported doing in 2023
Advisory/business support/ masterminds
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 92
- Accountability: 12
- Sustainability: 63
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.1%; rating input score 56
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 29.8%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 56.1% of revenue deployed · 80% of spending went to programs
- Governance: 0 of 4 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $94K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 2 filed schedules · includes major donors
- Contacts: How to reach this organization
- 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.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.