Many Lights Foundation
Nonprofit profile at a glance
- EIN
- 208394344
- IRS 990-EZ coverage
- 2010–2013
- Forms available
- Form 990-EZ 2013, Form 990-N 2009
- Location
- Newcastle, WA, USA
- Phone
- 2532677022
- Rating confidence
- Limited
- Sector
- Housing Support
Reported finances
- Revenue
- $76,779
- Expenses
- $83,750
- Assets
- $50,630
- Liabilities
- $2,225
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Helen Lakeru (President)
People named in this filing
- Helen Lakeru (President)
- Matthew Ashworth (Director)
- William McGurk (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 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To heal the pain of abuse and neglect in children by providing children in kinship and foster care with permanent homes in an intergenerational community.
What it reported doing in 2013
Many Lights Foundation is planning to build a multigenerational community called Hope Lights Community. This community is designed to support families adopting children from foster care, at-risk kinship families, and elders who desire connection and purpose. Hope Lights Community is modeled after three similar highly successful communities.The Hope Lights Community is planned to encourage communication and community. Elders are viewed as honorary grandparents providing support and nurturance to children, while the adoptive families are seen as grandparent helpers, supporting elders in living a vibrant life. A unique and cooperative neighborhood, Hope Lights will have 36 affordable residences for adults over 55 years of age and 12 homes for kinship and other families adopting children from foster care. It will also include a multigenerational community center, library, tutoring and computer rooms, garden and play areas. Community events will be educational, recreational, cultural, as well as being focused on health and wellbeing. Mental health services, tutoring, adoption home studies and adoption support are some of the planned community services.In 2013, Many Lights Foundation: Secured a letter of intent with Tacoma Housing Authority for land lease and site development Continued to advocate for change and improvement in the foster care system as a member of the Child Welfare Advocacy Coalition Continued to advocate for kinship caregivers through King County and Pierce County Kinship Collaboration Continued to advocate for kinship caregivers through the LifeSPAN Respite WA Coalition Added two new board members to extend our connections into the community and enhance skill gaps Hired a development director to develop and grow a sustainable support base and improve our cultivation strategies with our constituents Moved into office space Received a technical assistance grant for technology security and assessment of tech infrastructure Launched Hope Lights Founders multiyear giving program Launched Spread the Love donor hosted informational events to increase awareness for the mission and vision and to grow support for the effort to build the community Hosted donor recognition and community appreciation events
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: 100
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -9.1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 44.6% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 33.7% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2010 to 2013
- 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 — Sustainability: Operating margin scored 30/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.