Lighthouse Gospel Ministries
- Assets
- $686.0k
- Revenue
- $234.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Grand Junction, CO
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 84-0921378
Organization Overview
Lighthouse Gospel Ministries is located in Grand Junction, CO. The organization was established in 1984. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Lighthouse Gospel Ministries employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Gospel Ministries 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 Gospel Ministries generated $234.9k 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 (5.2%) each year. All expenses for the organization totaled $211.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) 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
TO FEED, CLOTHE, AND HOUSE THE HOMELESS IN GRAND JUNCTION, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINISTRY TO TRANSIENTS; MEN'S SHELTER, WOMEN'S SHELTER, FOOD BOXES, DENTAL OFFICE, AND GOSPEL MISSION. THE MISSION HAS BIBLE STUDIES ON MONDAYS, WEDNESDAYS, AND FRIDAYS AND CHURCH SERVICES EVERY DAY OF THE YEAR. SERVES BETWEEN 30,000 - 35,000 MEALS PER YEAR AND SERVES 35 INDIVIDUALS DAILY. THE MISSION HELPS MEN AND WOMEN GET BACK ON THEIR FEET AFTER THEY HAVE LOST EVERYTHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Farney President | OfficerTrustee | 5 | $0 |
Connie Bradley Secretary | OfficerTrustee | 40 | $24,150 |
Keith Bradley Executive Director | OfficerTrustee | 40 | $43,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,861 |
| Investment income | $76 |
| 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 | $234,885 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,539 |
| Advertising and promotion | $1,771 |
| Office expenses | $7,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,588 |
| Insurance | $21,743 |
| All other expenses | $0 |
| Total functional expenses | $211,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $261 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $686,033 |
| Accounts payable and accrued expenses | $0 |
| 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 | $538 |
| Total liabilities | $538 |
| Net assets without donor restrictions | $685,495 |
| 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 |
| Total liabilities and net assets/fund balances | $685,495 |