Lighthouse Family Network Inc
- Assets
- $210.4k
- Revenue
- $843.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Salado, TX
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 74-2736489
Organization Overview
Lighthouse Family Network Inc is located in Salado, TX. The organization was established in 1995. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Lighthouse Family Network Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Family Network 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 Family Network Inc generated $843.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $801.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) 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
RESIDENTIAL/CHILD PLACING AGENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDER OF BASIC AND THERAPUTIC FOSTER CARE SERVICES PER AN AGREEMENT WITH THE TEXAS DEPARTMENT OF PROTECTIVE AND REGULATORY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Lambert Program Director | OfficerTrustee | 40 | $79,897 |
Linda Lopez Accounting Supervisor | Officer | 40 | $44,466 |
Financial Statements
| 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 | $2,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,300 |
| Total Program Service Revenue | $841,607 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $843,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $411,634 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,488 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,370 |
| Pension plan accruals and contributions | $1,665 |
| Other employee benefits | $28,776 |
| Payroll taxes | $17,814 |
| Fees for services: Management | $14,276 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,325 |
| 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 | $5,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,762 |
| Insurance | $20,182 |
| All other expenses | $33,394 |
| Total functional expenses | $801,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,140 |
| 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 | $2,771 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,398 |
| Accounts payable and accrued expenses | $29,286 |
| 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 | $29,286 |
| Net assets without donor restrictions | $181,112 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $210,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Childrens Shelter San Antonio, TX | $14,294,068 | $81,608,457 |
A World For Children Round Rock, TX | $11,086,962 | $17,078,443 |
Circles Of Care Corpus Christi, TX | $2,293,308 | $4,110,444 |
Caring Hearts For Children Comanche, TX | $1,183,995 | $3,965,179 |
Red Mountain Family Services Inc Albuquerque, NM | $1,409,012 | $3,641,579 |
Circle Of Living Hope Inc Houston, TX | $450,217 | $3,300,826 |
Youth In View Inc Desoto, TX | $730,364 | $2,513,380 |
Lilyfield Inc Edmond, OK | $2,207,200 | $2,517,818 |
Agape Manor Homes Inc Garland, TX | $3,031,262 | $2,602,670 |
Jim H Green Kidz Harbor Inc Liverpool, TX | $1,597,715 | $2,171,086 |
Grace Manor Incorporated Lubbock, TX | $863,086 | $1,978,923 |
Texas Foster Care And Adoption Services San Antonio, TX | $787,189 | $2,113,674 |