Lighthouse Promise Inc
- Assets
- $2.4m
- Revenue
- $433.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Louisville, KY
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 61-1362760
Organization Overview
Lighthouse Promise Inc is located in Louisville, KY. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Lighthouse Promise Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Promise 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 12/2022, Lighthouse Promise Inc generated $433.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $407.2k during the year ending 12/2022. 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
AFTER SCHOOL SERVICES FOR CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFTER SCHOOL SERVICES FOR AT RISK CHILDREN FROM THE LOW INCOME NEWBURG AREA OF LOUISVILLE, KY. AT ANY TIME APPROXIMATELY 100+ CHILDREN ATTEND VARIOUS PROGRAMS. CHILDREN PRIMARILY COME FROM FOUR JEFFERSON COUNTY SCHOOLS UNDER AN APPROVED FEDERAL/STATE PROGRAM TO PROVIDE TUTORING AND LIFE ENRICHMENT PROGRAMS.
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Overall Executive Director | 30 | $40,375 | |
Nancy Parker President | OfficerTrustee | 15 | $39,700 |
Albert Kirkpatrick Director | Trustee | 10 | $0 |
Joann Burch Secretary | OfficerTrustee | 10 | $0 |
Jack Swan Treasurer | OfficerTrustee | 15 | $0 |
Barbara Allison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,407 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,707 |
| Total Program Service Revenue | $0 |
| Investment income | $19,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,900 |
| Net Gain/Loss on Asset Sales | -$37,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,547 |
| 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. | $80,075 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,771 |
| 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 | $52,686 |
| Insurance | $17,728 |
| All other expenses | $7,779 |
| Total functional expenses | $407,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $1,077,649 |
| Investments—publicly traded securities | $939,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,376,931 |
| Accounts payable and accrued expenses | $13,879 |
| 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 | $13,879 |
| Net assets without donor restrictions | $2,339,702 |
| Net assets with donor restrictions | $23,350 |
| 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 | $2,376,931 |