Texas Lighthouse Foundation Inc

Organization Overview

Texas Lighthouse Foundation Inc is located in Galveston, TX. The organization was established in 2001. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Texas Lighthouse Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Lighthouse Foundation 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, Texas Lighthouse Foundation Inc generated $950.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $714.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDES EQUIPMENT AND VOLUNTEER LABOR TO PREPARE MEALS AND TO RAISE FUNDS FOR CHARITABLE ORGANIZATIONS AND THOSE IN NEED. THE ORGANIZATION IS BASED IN THE GREATER HOUSTON/GALVESTON BAY AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPONSORED EVENTS WHERE EQUIPMENT, LABOR AND FOOD FOR MEALS WERE DONATED.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Gordon
President
$72,000
Denise Stevenson
Secretary/treas
$18,000
Steve Comstock
Vice President
$0

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$960,142
Noncash contributions included in lines 1a–1f $340,100
Total Revenue from Contributions, Gifts, Grants & Similar$960,142
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$235,555
Net Income from Fundraising Events $136,620
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $950,707

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Texas Lighthouse Foundation Inc has recieved totaling $240,400.

Awarding OrganizationAmount
Greater Houston Community Foundation

Houston, TX

PURPOSE: HEALTH

$140,400
Moody Foundation

Galveston, TX

PURPOSE: UPGRADE PERMANENT WALK-IN COOLER CAPACITY, ACQUIRE PORTABLE REFRIGERATOR/FREEZER

$50,000
United Way Of Galveston Inc

Galveston, TX

PURPOSE: GENERAL SUPPORT

$30,000
Mercury One Inc

Irving, TX

PURPOSE: DISASTER RELIEF

$10,000
Mercury One Inc

Irving, TX

PURPOSE: NAT. DISASTER RELIEF

$10,000
View Grant Recipient Profile

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