Making Light of It Inc
Nonprofit profile at a glance
- EIN
- 842648841
- IRS 990 coverage
- 2020–2020
- Forms available
- Form 990 2020
- Location
- Austin, TX, USA
- Phone
- 5126584047
- Rating confidence
- Limited
- Sector
- Single Organization Support
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- BRIAN YEAKEY (PRESIDENT/ T)
Highest reported compensation
- JAMES GORDON (VICE PRESIDE): $110,000 total reported compensation
- BRIAN YEAKEY (PRESIDENT/ T): $100,000 total reported compensation
- KELSIE MCSHERRY (SECRETARY): $85,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized and shall operate exclusively for charitable and religious purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended ("irc"). The specific purpose for which the corporation is organized is to operate exclusively for the benefit of, to perform the functions of, or to carry out the purposes of inner light ministries, an irc 509(a)(1) organization, and at all times hereafter the corporation shall operate exclusively for such purposes.
What it reported doing in 2020
Company has been created to be a supporting organization for inner light ministries. No activity has occurred to date except the formation.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 72
- Accountability: 77
- Sustainability: NotEnoughData
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $110K · 3 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- 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.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.