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Nonprofiteer
← LIGHTHOUSE MISSION MINISTRIES FOUNDATION

Form 990 for tax year 2022

Filed by LIGHTHOUSE MISSION MINISTRIES FOUNDATION.

Totals

Total revenue
$351,642
Total expenses
$76,003
Contributions and grants received
$167,014
Grants paid
$25,000
Program service revenue
$14,124
Investment income
$170,504
Other revenue
$0
Total assets, end of year
$10,919,870
Total liabilities, end of year
$7,081,096
Net assets or fund balances, end of year
$3,838,774
Program services expenses (Part IX)
$39,124
Management and general expenses
$36,879
Fundraising expenses
$0
Program service expenses (Part III)
$39,124

Program services were 51.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $167,014

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Interest Received on LMM Note Receivable

    total $14,124 · related or exempt $14,124 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $100,473 · related or exempt $0 · unrelated business $0 · excluded $100,473

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,281,446 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $1,211,415 · other assets $0

  • 7c · Gain or loss

    securities $70,031 · other assets $0

  • 7d · Net gain or loss

    total $70,031 · related or exempt $0 · unrelated business $0 · excluded $70,031

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 11f · Fees: investment management

    total $34,604 · management and general $34,604

  • 13 · Office expenses

    total $75 · management and general $75

  • 20 · Interest

    total $14,124 · program services $14,124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $209,734 · end of year $352,394

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $504,985 · end of year $465,193

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,098,804 · end of year $10,102,283

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $6,085,707 · end of year $6,741,488

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $429,485 · end of year $339,608

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,356,623 · end of year $1,897,066

  • 28 · Net assets with donor restrictions

    beginning of year $1,941,708 · end of year $1,941,708

Mission and programs · 2022

Mission

The Foundation's mission is to financially support Lighthouse Mission Ministries and bring awareness to its activities, which include helping alleviate the homeless condition of those facing homelessness in Whatcom County.

Activities or mission (Part I)

To provide financial support to Lighthouse Mission Ministries.

  • The Foundation's mission is to provide financial support and awareness of Lighthouse Mission Ministries (the Mission). This is achieved through grants, loans, and other support to help the Mission to alleviate the homeless condition in Whatcom County. During 2022, the Foundation provided $25,000 to the Mission to help fund the Mission's current capital project to ultimately replace the primary Base Camp.

    Expenses $39,124 · Grants $25,000 · Revenue $14,124

As filed on the 2022 return.

Listed in Part VII

  • Joseph Wilson

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Gary Haveman

    Board Vice President

    Total calculated
    $0
    Hours/week
    1

  • Ron Starkenburg

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Bosman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Bedlington

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dave Nelson

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 June 2023
IRS schema version
2022v5.0
Source object
202301719349301330

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