The Lighthouse Ministries
- Assets
- $823.9k
- Revenue
- $682.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Florence, SC
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 57-1053570
Organization Overview
The Lighthouse Ministries is located in Florence, SC. The organization was established in 1998. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Lighthouse Ministries employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Ministries 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 12/2022, Lighthouse Ministries generated $682.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $654.1k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO FAMILES AND INDIVIDUALS WITH LIMITED RESOURCES. IT HELPS WITH MORTGAGES, RENT, UTILITES, AND FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM THROUGH LIGHTHOUSE MINISTRIES MAIN MISSION TO PROVIDE
PROGRAM THROUGH CHILDRENS TRUST FUND OF SOUTH CAROLINA THAT DEALS
PROGRAM FOR WORKING MOTHERS WITH SMALL CHILDREN IN DIAPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elder H Badie Vice Chair | Trustee | 1 | $0 |
Daniel Jordan Chair | Trustee | 1 | $0 |
Charlie Abbot Member | Trustee | 1 | $0 |
Paige Ard Member | Trustee | 1 | $0 |
K Brown Member | Trustee | 1 | $0 |
Andy Edmunds Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,965 |
| Related organizations | $0 |
| Government grants | $29,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $563,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,725 |
| Total Program Service Revenue | $0 |
| Investment income | -$19,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,682 |
| 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. | $71,607 |
| Compensation of current officers, directors, key employees. | $17,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,478 |
| Office expenses | $8,429 |
| Information technology | $5,558 |
| Royalties | $0 |
| Occupancy | $8,214 |
| 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 | $8,973 |
| Insurance | $5,436 |
| All other expenses | $0 |
| Total functional expenses | $654,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,140 |
| Savings and temporary cash investments | $129,450 |
| 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 | $315,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $823,944 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,406 |
| Total liabilities | $7,406 |
| Net assets without donor restrictions | $784,258 |
| Net assets with donor restrictions | $32,280 |
| 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 | $823,944 |