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Nonprofiteer
← LIGHTHOUSE MISSION MINISTRIES FOUNDATION

Form 990 for tax year 2024

Filed by LIGHTHOUSE MISSION MINISTRIES FOUNDATION.

Totals

Total revenue
$413,095
Total expenses
$660,994
Contributions and grants received
$104,554
Grants paid
$600,000
Program service revenue
$0
Investment income
$308,541
Other revenue
$0
Total assets, end of year
$4,349,687
Total liabilities, end of year
$599,665
Net assets or fund balances, end of year
$3,750,022
Program services expenses (Part IX)
$608,990
Management and general expenses
$52,004
Fundraising expenses
$0
Program service expenses (Part III)
$608,990

Program services were 92.1% 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.

  • 1f · All other contributions, gifts and grants

    $104,554

  • 3 · Investment income

    total $106,852 · excluded $106,852

  • 7a · Gross sales of assets other than inventory

    securities $1,763,795

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

    securities $1,562,106

  • 7c · Gain or loss

    securities $201,689

  • 7d · Net gain or loss

    total $201,689 · excluded $201,689

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $600,000 · program services $600,000

  • 11c · Fees: accounting

    total $7,980 · management and general $7,980

  • 11f · Fees: investment management

    total $43,870 · management and general $43,870

  • 13 · Office expenses

    total $154 · management and general $154

  • 20 · Interest

    total $8,990 · program services $8,990

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $276,945 · end of year $264,864

  • 11 · Investments: publicly traded securities

    beginning of year $3,736,050 · end of year $4,084,823

  • 17 · Accounts payable and accrued expenses

    end of year $1,000

  • 23 · Secured mortgages and notes payable

    beginning of year $130,443 · end of year $598,665

  • 27 · Net assets without donor restrictions

    beginning of year $1,940,844 · end of year $1,808,314

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2024

Mission

THE FOUNDATIONS 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.

  • THE FOUNDATIONS 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.

    Expenses $608,990 · Grants $600,000

As filed on the 2024 return.

Listed in Part VII

  • Stephen Thames

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Martin Vandriel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kevin Bedlington

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Nelson

    TREASURER

    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
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202511359349317211

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