Lighthouse Christian Academy Inc
- Assets
- $3.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 73
- Location
- Bloomington, IN
- Founding
- 05/1997
- Data as of
- 06/2024
- EIN
- 35-1985868
Organization Overview
Lighthouse Christian Academy Inc is located in Bloomington, IN. The organization was established in 1997. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Lighthouse Christian Academy Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Christian Academy 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 06/2024, Lighthouse Christian Academy Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.4m during the year ending 06/2024. While expenses have increased by 6.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION IN A CHRIST CENTERED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE KINDERGARTEN THROUGH 12TH GRADE EDUCATION FOR CHILDREN IN A CHRIST CENTERED ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Bridges Secretary | OfficerTrustee | 4 | $0 |
Katie Noel President | OfficerTrustee | 4 | $0 |
Griffen Dahlstrom Board Member | Trustee | 4 | $0 |
Earl Craig Vice President | Trustee | 4 | $0 |
Ross Lautenbauch Board Member | OfficerTrustee | 4 | $0 |
Janelle Best Treasurer | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $125,893 |
| Membership dues | $55,019 |
| Fundraising events | $129,154 |
| Related organizations | $0 |
| Government grants | $7,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,365 |
| Noncash contributions included in lines 1a–1f | $125,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,228 |
| Total Program Service Revenue | $2,200,484 |
| Investment income | $15,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $168,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,707,785 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,566,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $126,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,066 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,824 |
| Insurance | $14,983 |
| All other expenses | $279,525 |
| Total functional expenses | $2,365,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,926 |
| Savings and temporary cash investments | $1,166,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,512 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,766,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,286 |
| Total assets | $3,595,943 |
| Accounts payable and accrued expenses | $25,940 |
| Grants payable | $0 |
| Deferred revenue | $48,100 |
| 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 | $600 |
| Total liabilities | $74,640 |
| Net assets without donor restrictions | $3,031,419 |
| Net assets with donor restrictions | $489,884 |
| 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 | $3,595,943 |