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Nonprofiteer
← LIGHTHOUSE FINANCIAL FOUNDATION

Form 990 for tax year 2024

Filed by LIGHTHOUSE FINANCIAL FOUNDATION.

Totals

Total revenue
$1,737,197
Total expenses
$840,890
Contributions and grants received
$1,513,684
Grants paid
$119,000
Program service revenue
$186,737
Investment income
$33,152
Other revenue
$3,624
Total assets, end of year
$2,268,820
Total liabilities, end of year
$179,132
Net assets or fund balances, end of year
$2,089,688
Program services expenses (Part IX)
$552,140
Management and general expenses
$241,650
Fundraising expenses
$47,100
Program service expenses (Part III)
$552,140

Program services were 65.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $657,000

  • 1f · All other contributions, gifts and grants

    $856,684

  • 2a · Program service revenue: CONTRACT INCOME

    total $186,737 · related or exempt $186,737

  • 3 · Investment income

    total $33,152 · excluded $33,152

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $657,000

  • 8b · Fundraising events: direct expenses

    $13,817

  • 8c · Net income from fundraising events

    total -$13,817 · excluded -$13,817

  • 11a · Other revenue: REALIZED GAINS

    total $17,441 · related or exempt $17,441

  • 11e · Other revenue, total

    $17,441

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,000 · program services $119,000

  • 5 · Compensation of officers, directors and key employees

    total $157,000 · program services $31,400 · management and general $78,500 · fundraising $47,100

  • 7 · Other salaries and wages

    total $367,672 · program services $367,672

  • 8 · Pension plan contributions

    total $2,240 · program services $2,240

  • 10 · Payroll taxes

    total $10,495 · program services $10,495

  • 11c · Fees: accounting

    total $83,757 · program services $14,457 · management and general $69,300

  • 11g · Fees: other

    total $30,549 · program services $6,286 · management and general $24,263

  • 12 · Advertising and promotion

    total $492 · management and general $492

  • 13 · Office expenses

    total $8,797 · program services $590 · management and general $8,207

  • 14 · Information technology

    total $15,779 · management and general $15,779

  • 16 · Occupancy

    total $31,373 · management and general $31,373

  • 17 · Travel

    total $274 · management and general $274

  • 22 · Depreciation, depletion and amortization

    total $5,134 · management and general $5,134

  • 23 · Insurance

    total $1,412 · management and general $1,412

  • 24a · Other expenses: COMMUNICATIONS

    total $3,930 · management and general $3,930

  • 24b · Other expenses: MISCELLANEOUS

    total $2,986 · management and general $2,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $804,104 · end of year $1,348,441

  • 2 · Savings and temporary cash investments

    beginning of year $60,686 · end of year $442,269

  • 3 · Pledges and grants receivable

    beginning of year $1,070,000 · end of year $100,000

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $690 · end of year $690

  • 10a · Land, buildings and equipment: cost or other basis

    $92,955

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,647

  • 10c · Land, buildings and equipment, net

    beginning of year $20,941 · end of year $86,308

  • 15 · Other assets

    beginning of year $288,212 · end of year $291,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,252 · end of year $79,132

  • 19 · Deferred revenue

    beginning of year $1,070,000 · end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $488,589 · end of year $889,283

  • 28 · Net assets with donor restrictions

    beginning of year $704,792 · end of year $1,200,405

Mission and programs · 2024

Mission

SAVE FIRST FINANCIAL WELLNESS EMPOWERS INDIVIDUALS TO ACHIEVE FINANCIAL STABILITY AND MEET THEIR BASIC NEEDS BY PROVIDING FINANCIAL EDUCATION, COACHING, AND SUPPORT TO NAVIGATE FINANCIAL CHALLENGES AND BUILD A STRONGER FUTURE.

Activities or mission (Part I)

TO INSPIRE AND ENABLE EVERYONE IN OUR COMMUNITY TO THRIVE FINANCIALLY PROVIDING FINANCIAL EDUCATION/COUNSELING, CREDIT RESTORATION, AND SUPPORT AFFORDABLE HOUSING TO OTHER QUALIFIED CHARITIES.

  • TO SUPPORT FINANCIAL EDUCATION AND COUNSELING TO LOW AND MODERATE INCOME INDIVIDUALS INCLUDING UNDERSTANDING CREDIT REPORTS, CREDIT RESTORATION, AND BUDGETING.

    Expenses $590 · Revenue $5,876

  • SAVE FIRST PROVIDES FINANCIAL LITERACY EDUCATION ON TOPICS SUCH AS SAVING, BUDGETING, CREDIT, AND DEBT MANAGEMENT. ADDITIONAL WORKSHOPS COVER AUTO BUYING, HOMEOWNERSHIP, CREDIT BUILDING, STUDENT LOANS, AND FINANCIAL PLANNING. SERVICES ARE OFFERED IN PERSON AND ONLINE. WE ALSO PROVIDE ONE-ON-ONE FINANCIAL COACHING TO HELP INDIVIDUALS ASSESS THEIR FINANCIAL SITUATION, SET GOALS, AND IMPROVE LONG-TERM OUTCOMES. ALL SERVICES ARE DESIGNED TO PROMOTE FINANCIAL STABILITY AND SELF-SUFFICIENCY, WITH A FOCUS ON UNDERSERVED POPULATIONS.

    Expenses $551,550 · Grants $119,000 · Revenue $198,302

As filed on the 2024 return.

Listed in Part VII

  • Steve Bernhoft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brett Bryant

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • David Bristol

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Bristol

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherri Falkner

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cristhian Canseco Juarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Halley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Capeloto

    PRESIDENT

    Total calculated
    $157,000
    From this org
    $157,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $7,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A WRITTEN EMPLOYMENT CONTRACT, APPROVED BY THE BOARD OF DIRECTORS, WAS SIGNED PRIOR TO THE PRESIDENT ASSUMING THE POSITION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 July 2025
IRS schema version
2024v5.2
Source object
202501949349300300

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