Form 990 for tax year 2023
Filed by LIGHTHOUSE PREPARATORY ACADEMY.
Totals
- Total revenue
- $799,588
- Total expenses
- $727,758
- Contributions and grants received
- $35,323
- Grants paid
- $0
- Program service revenue
- $733,907
- Investment income
- $1,914
- Other revenue
- $28,444
- Total assets, end of year
- $1,532,896
- Total liabilities, end of year
- $959,592
- Net assets or fund balances, end of year
- $573,304
- Program services expenses (Part IX)
- $578,995
- Management and general expenses
- $148,763
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $578,995
Program services were 79.6% 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.
-
1e · Government grants (contributions)
$8,037
-
1f · All other contributions, gifts and grants
$27,286
-
2a · Program service revenue: ATHLETIC PROGRAM REVENUE
total $35,524 · related or exempt $35,524
-
2b · Program service revenue: SLU
-
2c · Program service revenue: STUDENT LIFE/ACEDEMIC REV
total $40,163 · related or exempt $40,163
-
2d · Program service revenue: STUDENT TUITION & FEES
total $658,220 · related or exempt $658,220
-
3 · Investment income
total $1,914 · related or exempt $1,914
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$27,650
-
8b · Fundraising events: direct expenses
$4,859
-
8c · Net income from fundraising events
total $22,791 · excluded $22,791
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous Income
total $2,112 · related or exempt $2,112
-
11b · Other revenue: Sub Rent Income
total $3,400 · related or exempt $3,400
-
11c · Other revenue: Vending Commissions\Box Tops
total $141 · related or exempt $141
-
11e · Other revenue, total
$5,653
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $390,143 · program services $304,300 · management and general $85,843
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $33,889 · program services $26,433 · management and general $7,456
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,586 · management and general $5,586
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $3,719 · management and general $3,719
-
14 · Information technology
total $4,157 · management and general $4,157
-
15 · Royalties
total $0
-
16 · Occupancy
total $92,751 · program services $88,113 · management and general $4,638
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,260 · management and general $1,260
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $45,264 · program services $45,264
-
23 · Insurance
total $17,991 · management and general $17,991
-
24a · Other expenses: Classroom/ Teacher Expenses
total $38,750 · program services $38,750
-
24b · Other expenses: Student Life Expenses
total $37,414 · program services $37,414
-
24c · Other expenses: Athletic Programs
total $33,384 · program services $33,384
-
24d · Other expenses: NAUMS Fees
total $4,900 · management and general $4,900
-
24e · All other expenses
total $18,550 · program services $5,337 · management and general $13,213
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,500 · end of year $500
-
2 · Savings and temporary cash investments
beginning of year $89,413 · end of year $128,265
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,748,150
-
10b · Land, buildings and equipment: accumulated depreciation
$344,398
-
10c · Land, buildings and equipment, net
beginning of year $1,444,163 · end of year $1,403,752
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $408 · end of year $377
-
15 · Other assets
beginning of year $2 · end of year $2
-
23 · Secured mortgages and notes payable
beginning of year $1,030,884 · end of year $956,903
-
25 · Other liabilities
beginning of year $3,128 · end of year $2,689
-
27 · Net assets without donor restrictions
beginning of year $501,474 · end of year $573,304
Mission and programs · 2023
Mission
THE LIGHTHOUSE PREPARATORY ACADEMY'S MISSION IS TO STRENGTHEN FAMILIES BY PARTNERING WITH PARENTS TO DEVELOP WITNESSES FOR CHRIST THROUGH ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT
-
ACHIEVING ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT THROUGH CHRISTIAN-BASED SCHOOLING
Expenses $578,995 · Revenue $733,907
As filed on the 2023 return.
Listed in Part VII
-
Shawn King
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Tiffany Taggert
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Brandon Johns
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Stacy Kadow
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Todd Hart
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Zach Seales
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Larry Coen
President
- Total calculated
- $0
- Hours/week
- 1
-
Angie Lehman
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Sarah Anderson
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Sandy Hall
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Luke Sumner
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Adam Grayson
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Roger Whitmore
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Mary Alexander
Vice President
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422629349301252
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