Emerging Light Foundation Inc

Foundation · Grantmaker ROCKVILLE, MD EIN: 83-2803187

Emerging Light Foundation Inc is a private foundation focused on Religion Related, based in ROCKVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $328K in total assets. In 2024, it awarded 2 grants totaling $902K. Net investment income was $200K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$328K

-61.4% YoY

Annual Giving

$902K

-64.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$451K

-64.4% YoY

Under IRS private-foundation payout rules, Emerging Light Foundation Inc reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.

About Emerging Light Foundation Inc

Based on IRS filings

Focus Areas

Religion Related

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $7.7M (77%)

Virginia $2.2M (22%)

California $13K (0%)

District of Columbia $10K (0%)

Maryland $10K (0%)

States

California District of Columbia Maryland Texas Virginia

Cities

AlexandriaBaltimoreHoustonLeesburgLos AngelesWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$327,717	$848,459	$3,187,171
Revenue	$406,942	$12,348	$301,839
Expenses	$923,794	$2,568,104	$2,324,510
Qualifying Distributions	$916,673	$2,559,506	$2,315,049
Net Investment Income	$199,821	$80,287	$302,131
Distributable Amount	$24,520	$29,837	$87,782

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Limitless Space Institute Inc ($500,000), Mount Olive Baptist Church ($401,700).

Recipient	Purpose	Amount
LIMITLESS SPACE INSTITUTE INC HOUSTON, TX	GENERAL SUPPORT	$500,000
MOUNT OLIVE BAPTIST CHURCH LEESBURG, VA	HELP SUPPORT A SCHOOL IN AFRICA	$401,700

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KAMAL GHAFFARIAN	CEO AND PRESIDENT	3	—
MATTHEW YETMAN	SECRETARY/TREASURER	1	—
MICHAEL GIGLIOTTI	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Religion Related

Frequently Asked Questions

What is Emerging Light Foundation Inc?

Emerging Light Foundation Inc is a private foundation focused on Religion Related, based in ROCKVILLE, MD. It holds $328K in total assets as of 2024.

How large is Emerging Light Foundation Inc?

As of 2024, Emerging Light Foundation Inc holds $328K in total assets with $407K in annual revenue. It awarded 2 grants totaling $902K in 2024.

Where does Emerging Light Foundation Inc operate?

Emerging Light Foundation Inc has awarded grants in California, District of Columbia, Maryland, Texas, Virginia.

What size grants does Emerging Light Foundation Inc award?

In 2024, Emerging Light Foundation Inc awarded 2 grants totaling $902K — an average of about $451K per grant, based on its IRS Form 990 filings.

How much is Emerging Light Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Emerging Light Foundation Inc reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.