Lighthouse Radio Network Inc
- Assets
- $1.1m
- Revenue
- $551.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Bangor, ME
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-0758502
Organization Overview
Lighthouse Radio Network Inc is located in Bangor, ME. The organization was established in 2013. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Lighthouse Radio Network Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Radio Network 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, Lighthouse Radio Network Inc generated $551.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $754.9k during the year ending 12/2022. 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 REACH THE LOST, EDIFY THE SAINTS, AND KEEP PEOPLE INFORMED THROUGH RADIO BROADCAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDIFY THE SAINTS AND REACH THE LOST THROUGH HOPE FILLED TEACHING AND ENCOURAGING MUSIC. KEEP THE PUBLIC INFORMED THROUGH LOCAL AND NATIONAL NEWS UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom M Obey President | OfficerTrustee | 40 | $81,327 |
Glenn T Wilson Secretary/cl | OfficerTrustee | 1 | $0 |
Stephen D Keib Treasurer | OfficerTrustee | 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 | $705,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $705,300 |
| Total Program Service Revenue | $104,878 |
| Investment income | $9,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$268,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,090 |
| 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. | $81,328 |
| Compensation of current officers, directors, key employees. | $65,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,929 |
| Payroll taxes | $18,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $488 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,275 |
| Advertising and promotion | $1,731 |
| Office expenses | $18,346 |
| Information technology | $20,643 |
| Royalties | $0 |
| Occupancy | $22,233 |
| Travel | $5,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,660 |
| Insurance | $18,136 |
| All other expenses | $3,837 |
| Total functional expenses | $754,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,720 |
| Savings and temporary cash investments | $200,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,421 |
| Loans from Officers, Directors, or Controlling Persons | $52,000 |
| 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 | $401,523 |
| Investments—publicly traded securities | $389,735 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,745 |
| Other assets | $0 |
| Total assets | $1,133,060 |
| Accounts payable and accrued expenses | $11,870 |
| 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 | $0 |
| Total liabilities | $11,870 |
| 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 | $1,121,190 |
| Total liabilities and net assets/fund balances | $1,133,060 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lighthouse Radio Network Inc has recieved totaling $26.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camp Spofford Of The Evangelical Free Church Of America Spofford, NH | $5,897,116 | $2,036,666 |
The Root Cellar Portland, ME | $1,864,201 | $986,430 |
Lighthouse Radio Network Inc Bangor, ME | $1,133,060 | $551,090 |
Central Maine Bible Conference Brooks, ME | $1,486,888 | $382,608 |
Evangelistic Association Of New England Stratham, NH | $6,690,672 | $501,474 |
Eagle Projects International Inc Sangerville, ME | $174,406 | $539,673 |
United Society Of Shakers New Gloucester, ME | $7,097,201 | $1,330,964 |
New England Fellowship Of Evangelicals Inc Rumney, NH | $754,228 | $335,513 |
Ridge Church Derry, NH | $180,083 | $245,312 |
Christian Harness Horsemens Association Salem, NH | $141,518 | $261,826 |
1269 Cafe Ministries Manchester, NH | $871,453 | $388,854 |
Metanoia Ministries Washington, NH | $16,738 | $0 |