Lighthouse Foundation
- Assets
- $9.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Desoto, TX
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 38-4070487
Organization Overview
Lighthouse Foundation is located in Desoto, TX. The organization was established in 2018. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Foundation 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 12/2023, Lighthouse Foundation generated $5.8k 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 (18.8%) each year. All expenses for the organization totaled $10.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SINCE LIGHTHOUSE FOUNDATION HAS OPENED ITS DOORS 3 YEARS AGO MAY 2018 WE HAVE PLACED 15 HIGH SCHOOL STUDENTS ON THEIR CAREER TRACK TO THE RIGHT COLLEGE OR TRADE INSTITUTION. THIS ALSO INCLUDES 3 OF THEM STARTING THEIR OWN BUSINESS AS AN SMALL BUSINESS ENTREPRENEUR IN DESIGN AND FASHION. WE HAVE GIVEN OUT SCHOLARSHIPS STARTING IN 2021 TO HELP HIGH SCHOOL STUDENTS FINANCIALLY ASSIST WITH THEIR COLLEGE COST DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronovan Chaisson Founder CEO | 25 | $0 | |
Vonda High Board Member And Career Mentor | 10 | $0 | |
Chnequa Harrison Board Member Career Mentor | 8 | $0 | |
Darrell Gillespie Board Advisor And Career Mentor | 8 | $0 | |
Aisha Davis Executive Admin | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $300 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,530 |
| Other Revenue | $0 |
| Total Revenue | $5,830 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $8,000 |
| Printing, publications, postage, and shipping | $2,000 |
| Other expenses | $0 |
| Total expenses | $10,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,568 |
| Other assets | $0 |
| Total assets | $9,568 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,568 |