Lighthouse Foundation Of Corinth
- Assets
- $380.0k
- Revenue
- $727.7k
- Investments
- $0.0
- Employees
- 22
- Location
- Corinth, MS
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 64-0860313
Organization Overview
Lighthouse Foundation Of Corinth is located in Corinth, MS. The organization was established in 1999. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Lighthouse Foundation Of Corinth employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Foundation Of Corinth 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 Foundation Of Corinth generated $727.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $670.6k 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 YOUTH MENTORING AND TUTORING IN A CHRISTIAN ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER YOUTH CAMP
CHRISTMAS TOY STORE - PROVIDED UNIQUE EXPERIENCE IN PROVIDING TOYS FOR NEEDY FAMILIES FOR CHRISTMAS.
VARIOUS YOUTH ACTIVITIES ENCOURAGING LEADERSHIP, RESPONSIBILITY, AND ETHICS; COMMUNITY SERVICES AND BENEVOLENCES GEARED TOWARD PERSONS WITH YOUTH IN THE HOUSEHOLD; TUTORING AND MENTORING.
VARIOUS YOUTH ACTIVITIES ENCOURAGING LEADERSHIP, RESPONSIBILITY, AND ETHICS; COMMUNITY SERVICES AND BENEVOLENCES GEARED TOWARD PERSONS WITH YOUTH IN THE HOUSEHOLD; TUTORING AND MENTORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Cartwright Secretary | OfficerTrustee | 1 | $0 |
Steve Drewery Vice - Presi | OfficerTrustee | 1 | $0 |
Phil Little Treasurer | OfficerTrustee | 1 | $0 |
Matt Quinn President | OfficerTrustee | 1 | $0 |
Mitch Johnson Member | Trustee | 1 | $0 |
Margaret Dennie Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,359 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,562 |
| Noncash contributions included in lines 1a–1f | $622 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,921 |
| 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 | $1,550 |
| Net Income from Fundraising Events | -$13,112 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $727,744 |
| 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 | $183,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,354 |
| Payroll taxes | $15,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,741 |
| Insurance | $14,416 |
| All other expenses | $38,059 |
| Total functional expenses | $670,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,914 |
| 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 | $90,158 |
| Investments—publicly traded securities | $31,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,957 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,526 |
| Total liabilities | $7,526 |
| 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 | $372,431 |
| Total liabilities and net assets/fund balances | $379,957 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lighthouse Foundation Of Corinth has recieved totaling $183.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Ekhaya Youth Project New Orleans, LA | $903,085 | $13,654,605 |
Camp War Eagle Inc Rogers, AR | $15,866,509 | $9,318,920 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Youth Bridge Properties Inc Fayetteville, AR | $0 | $256,554 |
Center For The Innovative Training Of Youth Inc New Orleans, LA | $3,350,447 | $5,249,968 |
People-Providing Equal Opportunities Promoting Learning Little Rock, AR | $39,869,871 | $7,557,371 |
Communities In Schools Of The Gulf South Inc New Orleans, LA | $402,256 | $3,055,538 |
Pride And Hope Ministry & Activity Center Angie, LA | $325,684 | $2,882,214 |
National Association Of School Resource Officers Inc Hoover, AL | $2,764,517 | $2,530,653 |
Build Up Birmingham, AL | $2,263,635 | $3,069,416 |