The Lighthouse Charitable Foundation Inc
- Assets
- $29.7m
- Revenue
- $5.9m
- Investments
- $17.1m
- Employees
- 8
- Location
- Capistrano Beach, CA
- Founding
- 06/2019
- Data as of
- 12/2017
- EIN
- 20-4084136
Organization Overview
The Lighthouse Charitable Foundation Inc is located in Capistrano Beach, CA. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2017, Lighthouse Charitable Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, Lighthouse Charitable Foundation Inc generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE ASSISTANCE TO DISADVANTAGED MEN THROUGH EFFORTS OF OUR TWO CHRISTIAN-BASED HOMES IN CAPISTRANO BEACH, CA. WE FUND THE HOMES THROUGH TWO THRIFT STORES, A RENTAL PROPERTY, AND AN ORCHARD WHERE THE MEN ARE EMPLOYED. WE ALSO SUPPORT OTHER ORGANIZATIONS AND DISADVANTAGED PEOPLE THROUGH GRANT-MAKING AND SCHOLARSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICTORY HOUSE 1 AND 2 ARE OUR HANDS ON MINISTRY IN CAPISTRANO BEACH, CA. IN THESE TWO HOUSES, WE HOUSE BETWEEN 12 AND 14 MEN WHO HAVE MADE SOME BAD CHOICES IN LIFE AND PROVIDE A 1 YEAR CHRISTIAN-BASED REHABILITATION PROGRAM. THE MEN IN THIS PROGRAM WORK ON LIFE SKILLS, JOB TRAINING, AND FURTHERING EDUCATION. WE RUN TWO THRIFT STORES TO FUND OUR OPERATIONS, A RENTAL PROPERTY, AND ALSO HAVE AN ORCHARD WITH AROUND 600 FRUIT TREES WHERE THE MEN WORK FOR THE FIRST 6 MONTHS IN THEIR REHABILITATION PROCESS. DURING THE SECOND 6 MONTHS, THE MEN FIND EMPLOYMENT OR TAKE CLASSES AT LOCAL EDUCATIONAL FACILITIES TO FURTHER THEIR LIVES.
MERCY PROJECTS IS A CHRISTIAN-BASED CHARITY LOCATED IN MURRIETA, CA. WE SUPPORT MONTHLY 26 DISADVANTAGED CHILDREN IN UKRAINE. WE ALSO FUND 2 CAMPS A YEAR WITH THEIR PROGRAM. WE PROVIDE SCHOLARSHIPS TO THESE CHILDREN WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD THIS EXPERIENCE. ONE CAMP IS IN UKRAINE AND THE OTHER IS IN THE FORMER SOVIET STATE OF GEORGIA. WE FUNDED THE BUILDING OF 2 HOUSES IN KOSOVO FOR HOMELESS FAMILIES.
WE SUPPORT OTHER ORGANIZATIONS WITH SIMILAR MISSIONS AS WELL AS DISADVANTAGED INDIVIDUALS THROUGH GRANT MAKING AND BENEVOLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Stirling President | OfficerTrustee | 65 | $0 |
Martine Stirling Treasurer | OfficerTrustee | 5 | $0 |
Jeff Thompson Vice President | OfficerTrustee | 4 | $0 |
Paula Thompson Secretary | OfficerTrustee | 0 | $0 |
Mark Thrash Board Member | Trustee | 2 | $0 |
Jamie Thrash Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,747,469 |
| Noncash contributions included in lines 1a–1f | $502,591 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,747,469 |
| Total Program Service Revenue | $0 |
| Investment income | $123,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $348,000 |
| Net Gain/Loss on Asset Sales | $3,624,857 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,878,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $507,516 |
| Grants and other assistance to domestic individuals. | $72,330 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,153 |
| Information technology | $123 |
| Royalties | $0 |
| Occupancy | $47,303 |
| Travel | $734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,398 |
| Insurance | $15,075 |
| All other expenses | $50,994 |
| Total functional expenses | $1,499,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,459,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,170,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,057,998 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,688,559 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,065,100 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,065,100 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $17,623,459 |
Grants Awarded
Over the last fiscal year, The Lighthouse Charitable Foundation Inc has awarded $499,891 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY PROJECTS PURPOSE: SUPPORT DISADVANTAGED YOUTH | $247,683 |
Anaheim, CA PURPOSE: SUPPORT DISADVANTAGED PEOPLE | $100,000 |
San Clemente, CA PURPOSE: SUPPORT DISADVANTAGED PEOPLE | $42,000 |
HEARTS 4 AFRICA PURPOSE: SUPPORT DISADVANTAGED PEOPLE | $31,000 |
Auburn, WA PURPOSE: SUPPORT DISADVANTAGED PEOPLE | $25,000 |
Durango, CO PURPOSE: SUPPORT DISADVANTAGED PEOPLE | $19,208 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Lighthouse Charitable Foundation Inc has recieved totaling $21,700.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $21,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |
Kingdom Causes Long Beach, CA | $4,022,983 | $21,219,613 |
Youth With A Mission San Diego-Baja Chula Vista, CA | $22,048,486 | $17,148,909 |
Christ-Centered Ministries Inglewood, CA | $3,642,191 | $13,458,260 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Latino Coalition For Community Leadership Bakersfield, CA | $2,661,885 | $14,445,845 |
Hope Services Hawaii Inc Hilo, HI | $6,998,663 | $14,894,055 |
Living Stream Anaheim, CA | $110,298,756 | $20,926,950 |
Luis Palau Association Portland, OR | $14,968,196 | $16,675,451 |
Rescue International Dana Point, CA | $7,874,025 | $9,695,100 |
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |