Lighthouse Mission Ministries Foundation
- Assets
- $10.8m
- Revenue
- $868.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 42-1711412
Organization Overview
Lighthouse Mission Ministries Foundation is located in Bellingham, WA. The organization was established in 2007. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Mission Ministries 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 Mission Ministries Foundation generated $868.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $1.5m 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 PROVIDE FINANCIAL SUPPORT TO LIGHTHOUSE MISSION MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT AND AWARENESS OF LIGHTHOUSE MISSION MINISTRIES (THE MISSION). THIS IS ACHIEVED THROUGH GRANTS, LOANS, AND OTHER SUPPORT TO HELP THE MISSION TO ALLEVIATE THE HOMELESS CONDITION IN WHATCOM COUNTY. DURING 2021, THE FOUNDATION PROVIDED $1,425,000 TO THE MISSION TO HELP FUND THE MISSION'S CURRENT CAPITAL PROJECT TO ULTIMATELY REPLACE THE PRIMARY BASE CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Haveman Board Vice President | OfficerTrustee | 1 | $0 |
Joseph Wilson Board President | OfficerTrustee | 1 | $0 |
John Bosman Director | Trustee | 1 | $0 |
Ron Starkenburg Director | Trustee | 1 | $0 |
Kevin Bedlington 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 | $273,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,234 |
| Total Program Service Revenue | $14,543 |
| Investment income | $104,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $474,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $868,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,425,000 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,115 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,152 |
| Total functional expenses | $1,489,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,734 |
| 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 | $504,985 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,098,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,813,523 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,085,707 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $429,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,515,192 |
| Net assets without donor restrictions | $2,356,623 |
| Net assets with donor restrictions | $1,941,708 |
| 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 | $10,813,523 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Lighthouse Mission Ministries Foundation has recieved totaling $90,165.
| Awarding Organization | Amount |
|---|---|
The David & Elaine Lozier Foundation Lynden, WA PURPOSE: SUPPORT HOMELESS PEOPLE AND EVANGELICAL MISSION | $55,000 |
Washington Federal Foundation Seattle, WA PURPOSE: COMMUNITY SERVICES | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,000 |
Little Family Legacy Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Martin Family Foundation Anacortes, WA PURPOSE: CHARITABLE | $1,500 |
Martin Family Foundation Anacortes, WA PURPOSE: CHARITABLE | $1,500 |
Endowment Analysis
| Beg. Balance | $4,861,689 |
| Earnings | $508,453 |
| Admin Expense | $46,115 |
| Net Contributions | $114,070 |
| Grants | $1,425,000 |
| Ending Balance | $4,013,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedarsinai Park Foundation Portland, OR | $11,831,059 | $2,143,357 |
Lighthouse Mission Ministries Foundation Bellingham, WA | $10,813,523 | $868,092 |
Nhs Community Services Llc Boise, ID | $2,590,667 | $1,243,874 |
Chelan Valley Housing Trust Chelan, WA | $943,311 | $1,284,745 |
Ahsc Qalicb Portland, OR | $14,353,857 | $611,073 |
Gateway Qalicb Inc Portland, OR | $10,874,469 | $662,931 |
Tacoma Housing Development Group Tacoma, WA | $14,787,652 | $489,136 |
Terwilliger Plaza Foundation Inc Portland, OR | $8,522,441 | $861,085 |
Sabala International Center Tacoma, WA | $19,322 | $359,125 |
New Riley House Portland, OR | $9,889,916 | $1,500 |
Ansil A New Start In Life Kennewick, WA | $4,812 | $0 |
Rock Of Ages Endowment Inc Mcminnville, OR | $543,757 | $30,772 |