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Nonprofiteer
← HOUSTON LIGHTHOUSE FOUNDATION INC

Form 990 for tax year 2022

Filed by HOUSTON LIGHTHOUSE FOUNDATION INC.

Totals

Total revenue
$208,760
Total expenses
$169,707
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$208,760
Other revenue
$0
Total assets, end of year
$40,936,470
Total liabilities, end of year
$12,189,995
Net assets or fund balances, end of year
$28,746,475
Program services expenses (Part IX)
$0
Management and general expenses
$169,707
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $1,252,433 · excluded $1,252,433

  • 7a · Gross sales of assets other than inventory

    securities $17,578,006

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

    securities $18,621,679

  • 7c · Gain or loss

    securities -$1,043,673

  • 7d · Net gain or loss

    total -$1,043,673 · excluded -$1,043,673

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $169,603 · management and general $169,603

  • 20 · Interest

    total $104 · management and general $104

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $760,675 · end of year $1,927,505

  • 11 · Investments: publicly traded securities

    beginning of year $37,646,194 · end of year $39,008,965

  • 12 · Investments: other securities

    beginning of year $381,108 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,217 · end of year $11,789

  • 25 · Other liabilities

    beginning of year $15,603,208 · end of year $12,178,206

  • 27 · Net assets without donor restrictions

    beginning of year $23,149,552 · end of year $28,746,475

Mission and programs · 2022

Mission

To support Lighthouse for the Blind of Houston.

  • The mission of the Houston Lighthouse Foundation is to support the mission of The Lighthouse of Houston by providing a reliable source of funds for current and future use. The Lighthouse of Houston's mission is to enable and empower people who are blind or low vision to realize their full potential.

As filed on the 2022 return.

Listed in Part VII

  • David Donat

    Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kim Colburn

    Vice Chair, Secretary

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Chris Reinecker

    Finance Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Bruce Gourd

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jeffrey Smith

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Christine Stevenson

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Doug Yeager

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jenna Dhayer

    President

    Total calculated
    $192,660
    From this org
    $0
    From related orgs
    $168,447
    Other
    $24,213
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,247 related
    Bonus
    $0 + $19,200 related
    Other
    $0
    Deferred
    $0 + $10,487 related
    Nontaxable benefits
    $0 + $13,726 related
    Filer's total
    $0 + $192,660 related

  • Chelean Zander

    Vice President

    Total calculated
    $145,530
    From this org
    $0
    From related orgs
    $129,104
    Other
    $16,426
    Hours/week
    1 + 42 related

  • Daniel Williams

    VP Operations

    Total calculated
    $124,318
    From this org
    $0
    From related orgs
    $103,925
    Other
    $20,393
    Hours/week
    1 + 42 related

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

None.

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 - Compensation by a Related Organization
The compensation of Lighthouse officers is reviewed annually by the executive committee of the Lighthouse for the Blind of Houston.

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

No itemized grants to organizations 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
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349310397

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