K-Light Inc
- Assets
- $298.3k
- Revenue
- $242.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Coos Bay, OR
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 94-3091130
Organization Overview
K-Light Inc is located in Coos Bay, OR. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, K-Light Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K-Light 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 12/2022, K-Light Inc generated $242.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $196.9k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE GOSPEL OF JESUS CHRIST THROUGH THE BROADCASTING OF CHRISTIAN MUSIC AND CHRISTIAN TEACHING PROGRAMS TO THE PEOPLE OF THE SOUTHERN OREGON COAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022,THE ORGANIZATION BROADCAST CHRISTIAN MUSIC AND CHRISTIAN MINISTRY AND EDUCATIONAL PROGRAMS TO A POTENTIAL LISTENING AUDIENCE OF APPROXIMATELY 100,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Stevens Station Manager | 40 | $63,699 | |
Robert J Gorman President | OfficerTrustee | 1 | $0 |
Mike Gaudette Vice-President | OfficerTrustee | 1 | $0 |
Harry Abel Secretary | OfficerTrustee | 1 | $0 |
Joe Hatzel Director | Trustee | 1 | $0 |
Steven Greig Director | Trustee | 1 | $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 | $186,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,624 |
| Total Program Service Revenue | $39,485 |
| Investment income | $303 |
| 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 | $242,322 |
| 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. | $63,699 |
| Compensation of current officers, directors, key employees. | $6,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,884 |
| Pension plan accruals and contributions | $1,911 |
| Other employee benefits | $0 |
| Payroll taxes | $10,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,083 |
| Office expenses | $3,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,444 |
| Travel | $602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,376 |
| Insurance | $7,579 |
| All other expenses | $8,859 |
| Total functional expenses | $196,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $91,968 |
| Investments—publicly traded securities | $3,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,209 |
| Other assets | $0 |
| Total assets | $298,297 |
| Accounts payable and accrued expenses | $319 |
| 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 | $51,684 |
| Unsecured mortgages and notes payable | $40,482 |
| Other liabilities | $0 |
| Total liabilities | $92,485 |
| Net assets without donor restrictions | $205,812 |
| 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 | $298,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that K-Light Inc has recieved totaling $1,526.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turning Point For God Lakeside, CA | $55,591,424 | $109,738,214 |
Crista Ministries Shoreline, WA | $133,575,378 | $73,059,150 |
Northwest Harvest E M M Seattle, WA | $90,036,518 | $96,557,942 |
Family Resource & Referral Center Of San Joaquin Stockton, CA | $22,143,375 | $58,140,912 |
Yellow Chair Foundation San Francisco, CA | $899,830,560 | $147,461,050 |
St Vincent De Paul Village Inc San Diego, CA | $50,446,763 | $60,152,162 |
Open Doors With Brother Andrew Inc Santa Ana, CA | $12,195,285 | $33,559,571 |
Cityteam Ministries San Jose, CA | $57,357,554 | $43,092,381 |
Joni And Friends Agoura Hills, CA | $42,271,581 | $29,467,878 |
Catholic Community Foundation Of Los Angeles Los Angeles, CA | $298,852,432 | $83,411,965 |
Josephine Caring Community Stanwood, WA | $33,167,845 | $28,609,215 |
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |