Light House Academy Inc
- Assets
- $1.0m
- Revenue
- $187.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Peoria, IL
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 54-2117031
Organization Overview
Light House Academy Inc is located in Peoria, IL. The organization was established in 2004. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2023, Light House Academy Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light House Academy 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 12/2023, Light House Academy Inc generated $187.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $223.1k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOLID CHRISTIAN ACADEMIC EDUCATION WITHIN A BIBLICAL WORLDVIEW CONTEXT AND TO PARTNER WITH FAMILIES TO PREPARE STUDENTS TO BECOME WELL- DISCIPLINED AND OUTSTANDING CITIZENS WHO POSITIVELY REFLECT CHRIST TO ALL IN THEIR SPHERE OF INFLUENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SOLID CHRISTIAN ACADEMIC EDUCATION WITHIN A BIBLICAL WORLDVIEW CONTEXT AND TO PARTNER WITH FAMILIES TO PREPARE STUDENTS TO BECOME WELL- DISCIPLINED AND OUTSTANDING CITIZENS WHO POSITIVELY REFLECT CHRIST TO ALL IN THEIR SPHERE OF INFLUENCE.
OTHER PROGRAM EXPENSES RELATED TO PAYROLL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Murdock President | OfficerTrustee | $0 | |
Curt Rassi Treasurer | OfficerTrustee | $0 | |
Bruce Stoller Secretary | OfficerTrustee | $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 | $91,249 |
| Noncash contributions included in lines 1a–1f | $51,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,249 |
| Total Program Service Revenue | $81,800 |
| Investment income | $668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,385 |
| Net Income from Fundraising Events | $10,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,762 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10 |
| Advertising and promotion | $5,158 |
| Office expenses | $1,295 |
| Information technology | $3,477 |
| Royalties | $0 |
| Occupancy | $13,787 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,260 |
| Insurance | $4,278 |
| All other expenses | $5,187 |
| Total functional expenses | $223,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,186 |
| Savings and temporary cash investments | $1,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,707 |
| 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 | $906,133 |
| Investments—publicly traded securities | $38,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,009,221 |
| Accounts payable and accrued expenses | $3,552 |
| Grants payable | $0 |
| Deferred revenue | $6,218 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $25,000 |
| Secured mortgages and notes payable | $70,000 |
| Unsecured mortgages and notes payable | $155,000 |
| Other liabilities | $0 |
| Total liabilities | $259,770 |
| 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 | $749,451 |
| Total liabilities and net assets/fund balances | $1,009,221 |