Lighthouse Therapeutic Foster Care Inc
- Assets
- $184.1k
- Revenue
- $820.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Ringgold, GA
- Founding
- 06/2016
- Data as of
- 06/2022
- EIN
- 20-1209672
Organization Overview
Lighthouse Therapeutic Foster Care Inc is located in Ringgold, GA. The organization was established in 2016. 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 06/2022, Lighthouse Therapeutic Foster Care Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Therapeutic Foster Care 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 06/2022, Lighthouse Therapeutic Foster Care Inc generated $820.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $926.9k during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Chancey Director | Officer | 0 | $32,000 |
Monty Chancy Business Director | Officer | 0 | $32,000 |
Valeria Coney Director | Officer | 0 | $29,500 |
Eric Coney Operations Director | Officer | 0 | $29,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $820,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,781 |
| 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 | $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 | $820,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $383,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,134 |
| Advertising and promotion | $303 |
| Office expenses | $10,486 |
| Information technology | $1,890 |
| Royalties | $0 |
| Occupancy | $27,047 |
| Travel | $19,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,705 |
| Interest | $852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,874 |
| Insurance | $32,297 |
| All other expenses | $6,117 |
| Total functional expenses | $926,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,959 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,097 |
| Accounts payable and accrued expenses | $15,933 |
| 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 | $65,652 |
| Total liabilities | $81,585 |
| Net assets without donor restrictions | $102,512 |
| 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 | $184,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lighthouse Therapeutic Foster Care Inc has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Youth Advocate Program Inc Columbia, SC | $45,768,217 | $22,437,519 |
Neighbor To Family Daytona Beach, FL | $1,980,728 | $9,839,505 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Growing Home Southeast Inc Cayce, SC | $2,443,298 | $5,824,518 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Youth Town Of Tennessee Inc Jackson, TN | $4,037,865 | $4,281,456 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Service Management Solutions For Children Inc Gainesville, FL | $2,395,848 | $2,913,355 |
Fort Lauderdale Independence Training & Education Center Inc Fort Lauderdale, FL | $895,332 | $2,790,852 |
Family Preservation Community Services Columbia, SC | $7,382,668 | $2,864,738 |
Isaiah 117 House Elizabethton, TN | $10,749,953 | $8,404,030 |