Light House Academy Inc is located in Peoria, IL. The organization was established in 2004. 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 12/2023, Light House Academy Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light House 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 12/2023, Light House Academy Inc generated $187.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $223.1k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOLID CHRISTIAN ACADEMIC EDUCATION WITHIN A BIBLICAL WORLDVIEW CONTEXT AND TO PARTNER WITH FAMILIES TO PREPARE STUDENTS TO BECOME WELL- DISCIPLINED AND OUTSTANDING CITIZENS WHO POSITIVELY REFLECT CHRIST TO ALL IN THEIR SPHERE OF INFLUENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SOLID CHRISTIAN ACADEMIC EDUCATION WITHIN A BIBLICAL WORLDVIEW CONTEXT AND TO PARTNER WITH FAMILIES TO PREPARE STUDENTS TO BECOME WELL- DISCIPLINED AND OUTSTANDING CITIZENS WHO POSITIVELY REFLECT CHRIST TO ALL IN THEIR SPHERE OF INFLUENCE.
OTHER PROGRAM EXPENSES RELATED TO PAYROLL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Josh Murdock President | OfficerTrustee | $0 | |
Curt Rassi Treasurer | OfficerTrustee | $0 | |
Bruce Stoller Secretary | OfficerTrustee | $0 |
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 | $91,249 |
Noncash contributions included in lines 1a–1f | $51,605 |
Total Revenue from Contributions, Gifts, Grants & Similar | $91,249 |
Total Program Service Revenue | $81,800 |
Investment income | $668 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,385 |
Net Income from Fundraising Events | $10,856 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $187,762 |
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 | $156,949 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $12,697 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,724 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10 |
Advertising and promotion | $5,158 |
Office expenses | $1,295 |
Information technology | $3,477 |
Royalties | $0 |
Occupancy | $13,787 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,264 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,260 |
Insurance | $4,278 |
All other expenses | $5,187 |
Total functional expenses | $223,086 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $57,186 |
Savings and temporary cash investments | $1,726 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,707 |
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 | $906,133 |
Investments—publicly traded securities | $38,469 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,009,221 |
Accounts payable and accrued expenses | $3,552 |
Grants payable | $0 |
Deferred revenue | $6,218 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $25,000 |
Secured mortgages and notes payable | $70,000 |
Unsecured mortgages and notes payable | $155,000 |
Other liabilities | $0 |
Total liabilities | $259,770 |
Net assets without donor restrictions | $0 |
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 | $749,451 |
Total liabilities and net assets/fund balances | $1,009,221 |