Little Lighthouse Learning Center
- Assets
- $270.3k
- Revenue
- $666.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Lorain, OH
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 34-1939330
Organization Overview
Little Lighthouse Learning Center is located in Lorain, OH. The organization was established in 2004. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Little Lighthouse Learning Center employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Lighthouse Learning Center 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 12/2021, Little Lighthouse Learning Center generated $666.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $490.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY PRESCHOOL, CHILD CARE AND SCHOOL AGE CARE TO CHILDREN AGES 2 1/2 THROUGH 11.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EARLY LEARNING OPPORTUNITIES AND CHILD CARE FOR ALL CHILDREN IN LORAIN COUNTY, INCLUDING SCHOOL AGE CHILD CARE AND SUMMER CAMP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda M West Asst Director | Trustee | 40 | $38,560 |
Palma Stipe Executive Dir. | Trustee | 40 | $31,479 |
Michael Ferrer President | Officer | 0.5 | $0 |
Karen Valentin Treasurer | Officer | 2 | $0 |
Noel Pfaff Secretary | Officer | 0.75 | $0 |
Kim Laurenti Trustee | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $291,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,699 |
| Total Program Service Revenue | $53,385 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,039 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,812 |
| Fees for services: Management | $13,340 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,058 |
| Advertising and promotion | $94 |
| Office expenses | $2,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,080 |
| Travel | $150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,633 |
| Insurance | $4,168 |
| All other expenses | $7,277 |
| Total functional expenses | $490,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,462 |
| Savings and temporary cash investments | $186,358 |
| 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 | $47,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $270,289 |
| Accounts payable and accrued expenses | $8,972 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,972 |
| Net assets without donor restrictions | $261,317 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $270,289 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Little Lighthouse Learning Center has recieved totaling $135,250.
| Awarding Organization | Amount |
|---|---|
Nord Family Foundation Amherst, OH PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $100,000 |
Nordson Corporation Foundation Westlake, OH PURPOSE: STEM PROGRAM | $35,000 |
Nord Family Foundation Amherst, OH PURPOSE: MATCHING - GENERAL OPERATING SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand Rapids Christian Schools Grand Rapids, MI | $65,671,277 | $35,710,692 |
Pathway Inc Toledo, OH | $1,947,954 | $15,676,190 |
New St Paul Tabernacle Church Of God In Christ Head Start Agency Detroit, MI | $2,136,848 | $14,428,014 |
Leonard And Susan Fuchs Mizrachi School Beachwood, OH | $63,214,368 | $13,451,315 |
Child Care Resource Center Of Cuyahoga County Cleveland, OH | $5,221,997 | $11,522,146 |
Kipp Philadelphia Charter School Philadelphia, PA | $30,756,682 | $16,805,323 |
Chester Charter Scholars Academy Chester, PA | $12,106,141 | $12,761,901 |
First Start Partnerships For Children And Families Inc Chambersburg, PA | $1,240,944 | $9,208,850 |
Morris And Rose Caskey Torah Academy Of Greater Philadelphia Wynnewood, PA | $19,605,172 | $11,408,583 |
Cincinnati Preschool Program Cincinnati, OH | $3,699,695 | $7,358,801 |
Baraga Houghton Keweenaw Child Development Board Inc Houghton, MI | $2,508,419 | $6,917,101 |
West Side Montessori Toledo, OH | $13,475,225 | $7,904,337 |