Lighthouse Financial Foundation
- Assets
- $116.4k
- Revenue
- $123.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Vancouver, WA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-2331834
Organization Overview
Lighthouse Financial Foundation is located in Vancouver, WA. The organization was established in 2019. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Financial Foundation 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 Financial Foundation generated $123.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $197.8k during the year ending 12/2021. 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
TO INSPIRE AND ENABLE EVERYONE IN OUR COMMUNITY TO THRIVE FINANCIALLY PROVIDING FINANCIAL EDUCATION/COUNSELING, CREDIT RESTORATION, AND SUPPORT AFFORDABLE HOUSING TO OTHER QUALIFIED CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT FINANCIAL EDUCATION AND COUNSELING TO LOW AND MODERATE INCOME INDIVIDUALS INCLUDING UNDERSTANDING CREDIT REPORTS, CREDIT RESTORATION, AND BUDGETING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Bryant Board Chair And Vice President | OfficerTrustee | 10 | $0 |
Steve Bernhoft President,treasurer,and Boaard Member | OfficerTrustee | 3 | $0 |
David Bristol Board Secretary And Board Member | OfficerTrustee | 1 | $0 |
Nancy Hazelton Board Member | Trustee | 1 | $0 |
Rebecca Bristol Board Member | Trustee | 1 | $0 |
Sherri Falkner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,780 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,504 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $158,000 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,615 |
| 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 | $2,374 |
| Royalties | $0 |
| Occupancy | $13,253 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $197,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,948 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,500 |
| 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 | $1,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,448 |
| Accounts payable and accrued expenses | $1,209 |
| Grants payable | $58,000 |
| 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 | $59,209 |
| Net assets without donor restrictions | $0 |
| 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 | $57,239 |
| Total liabilities and net assets/fund balances | $116,448 |
Grants Awarded
Over the last fiscal year, Lighthouse Financial Foundation has awarded $158,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: PROVIDE FINANCIAL COUNSELING | $138,000 |
Vancouver, WA PURPOSE: PROVIDE FINANCIAL COUNSELING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Share & Care House Puyallup, WA | $11,945,514 | $10,826,459 |
North Seattle Community College Foundation Seattle, WA | $11,054,287 | $7,124,485 |
Debt Reduction Services Inc Boise, ID | $2,051,232 | $3,505,224 |
Cricket Debt Counseling Portland, OR | $3,870,920 | $1,652,866 |
Financial Beginnings Portland, OR | $300,011 | $690,120 |
Financial Beginnings Oregon Portland, OR | $717,600 | $755,580 |
Consumer Credit Counseling Service Of Southern Oregon Inc Medford, OR | $1,219,504 | $725,547 |
Innovative Changes Sherwood, OR | $367,695 | $0 |
Action Payee Services Inc Tigard, OR | $109,157 | $215,402 |
Consumer Education And Training Services Seattle, WA | $276,555 | $228,882 |
Lighthouse Financial Foundation Vancouver, WA | $116,448 | $123,323 |
Integrity Plus Gresham, OR | $3,617 | $0 |