The Lighthouse Beacon Foundation
- Assets
- $2.6m
- Revenue
- $224.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-3247420
Organization Overview
The Lighthouse Beacon Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Beacon 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 12/2023, Lighthouse Beacon Foundation generated $224.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $500.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lighthouse Beacon Foundation has awarded 22 individual grants totaling $857,418. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen C Pigman Dir, Pres | 10 | $0 | |
Leonard Stanley Pigman Dir, Sec, Treas | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $7,143 |
| Dividends & Interest | $14,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $198,100 |
| Capital Gain Net Income | $458,312 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $224,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $186,250 |
| Pension plans, employee benefits | $36,370 |
| Interest | $567 |
| Taxes | $8,300 |
| Depreciation | $0 |
| Occupancy | $799 |
| Travel, conferences, and meetings | $47,616 |
| Printing and publications | $1,485 |
| Other expenses | $51,064 |
| Total operating and administrative expenses | $333,648 |
| Contributions, gifts, grants paid | $166,354 |
| Total expenses and disbursements | $500,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $162,662 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,573,375 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Lighthouse Beacon Foundation has awarded $166,354 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FLOYD COUNTY SCHOOL DISTRICT PURPOSE: PLTW AND YOUNG WOMEN LEAD CONFERENCE | $5,400 |
FLOYD CENTRAL HIGH SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $413 |
BELFRY HIGH SCHOOL PURPOSE: HOUSE OF CODE CONFERENCE | $3,500 |
HEARTKEEP INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
PIKEVILLE ELEMENTARY SCHOOL PURPOSE: MIDDLE SCHOOL VEX ROBOTICS PROGRAM | $7,100 |
PIKEVILLE HIGH SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $413 |