Lighthouse Promise Inc
- Assets
- $2.4m
- Revenue
- $419.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Louisville, KY
- Founding
- 06/2000
- Data as of
- 12/2021
- 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 12/2021, Lighthouse Promise Inc employed 13 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 12/2021, Lighthouse Promise Inc generated $419.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $404.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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
2021
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 | $39,358 | |
Nancy Parker President | OfficerTrustee | 15 | $37,059 |
Joann Burch Secretary | OfficerTrustee | 10 | $0 |
Jack Swan Treasurer | OfficerTrustee | 15 | $0 |
Albert Kirkpatrick Director | Trustee | 10 | $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 | $33,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $364,485 |
| Noncash contributions included in lines 1a–1f | $90,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,035 |
| Total Program Service Revenue | $0 |
| Investment income | $11,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $5,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,026 |
| 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. | $76,417 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,345 |
| Fees for services: Management | $20,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,468 |
| 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 | $32,169 |
| 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 | $48,500 |
| Insurance | $15,770 |
| All other expenses | $2,528 |
| Total functional expenses | $403,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,578 |
| 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 | $1,116,793 |
| Investments—publicly traded securities | $913,246 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,351,128 |
| Accounts payable and accrued expenses | $14,446 |
| 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 | $14,446 |
| Net assets without donor restrictions | $2,286,765 |
| Net assets with donor restrictions | $49,917 |
| 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 | $2,351,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lighthouse Promise Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Gilbert Foundation Inc Prospect, KY PURPOSE: EDUCATIONAL - STEM SUPPLIES | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |