Lighthouse Collective Foundation Inc
- Assets
- $101.3k
- Revenue
- $156.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- Data as of
- 12/2023
- EIN
- 92-2429737
Organization Overview
Lighthouse Collective Foundation Inc is located in Asheville, NC. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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 Collective Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SAFE, DRUG-AND ALCOHOL-FREE HOUSING ACCOMMODATIONS FOR INDIVIDUALS WHO ARE EXPERIENCING HOUSING INSECURITIES, INCLUDING INDIVIDUALS WHO ARE (1) OVERCOMING ADDICTIONS, (2) VETERANS, (3) VICTIMS OF DOMESTIC ABUSE, (4) DEVELOPMENTALLY DISABLED, OR (5) EXPERIENCING MENTAL HEALTH ISSUES. WE HAVE CREATED A STABLE AND SUPPORTIVE LIVING ENVIRONMENT THAT EMPOWERS INDIVIDUALS TO BREAK THE CYCLE OF HOMELESSNESS, END POVERTY, INSTILL CONFIDENCE, AND IMPROVE THEIR PHYSICAL, MENTAL, SPIRITUAL, AND SOCIAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NONPROFIT HAS FILLED FOUR HOMES ACCOMMODATING 42 RESIDENTS. THE NONPROFIT IS PROVIDING AFFORDABLE HOUSING THAT IS TARGETED TOWARD LOW-INCOME GROUPS, SUCH AS VETERANS, SINGLE PARENTS, AND DISABLED INDIVIDUALS WITH MENTAL HEALTH CHALLENGES OR A HISTORY OF SUBSTANCE ABUSE. EACH OF THEM CANNOT AFFORD TO PAY FOR HOUSING. IN ADDITION, THE NONPROFIT HAS BEEN SUCCESSFULLY COLLABORATING WITH LOCAL BUSINESSES, SUCH AS THE CHAMBER OF COMMERCE AND INCLUSIVE HIRING PARTNERS TO HELP INDIVIDUALS WITH FINANCIAL LITERACY AND JOB PLACEMENT, AND THE LAND OF SKY REGIONAL COUNCIL'S INSPIRE PROGRAM TO PROVIDE MENTAL HEALTH RESOURCES, MENTORSHIP PROGRAMS, AND OTHER CRUCIAL SERVICES TO EMPOWER INDIVIDUALS TOWARD SUSTAINED INDEPENDENCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Logan President, Secretary, Director | OfficerTrustee | 20 | $0 |
Micah Logan Vp, Treasurer, Director | OfficerTrustee | 10 | $0 |
Kate Austin Board And Chair | Trustee | 10 | $0 |
Amy Litteral Board And Secretary | Trustee | 10 | $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 | $106,454 |
| Noncash contributions included in lines 1a–1f | $6,454 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,454 |
| Total Program Service Revenue | $50,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,854 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,794 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $660 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,000 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,000 |
| All other expenses | $0 |
| Total functional expenses | $55,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,250 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,250 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $101,250 |
| Total liabilities and net assets/fund balances | $101,250 |