Civic Intelligence

Chicago Lighthouse Charter School C/O Lighthouse Academies Inc

990 • Fiscal year 2019 • EIN 20-2173013

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 08, 2019

4930 S Cottage GroveChicago, IL 60615

(773) 285-8040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.36x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.13x

Higher debt load relative to revenue than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

62nd percentile

9.7%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Assets

Down

$1,214,421

Down $501,933 (-29%) from 2017

Net Assets

Down

$776,460

Down $318,357 (-29%) from 2017

Liabilities

Down

$437,961

Down $183,576 (-30%) from 2017

Revenue

Up

$3,433,605

Up $582,405 (+20%) from 2017

Expenses

Up

$3,908,053

Up $785,553 (+25%) from 2017

Net Income

Down

-$474,448

Down $203,148 (-75%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,088,457Liabilities 2011: $259,479Net Assets 2011: $828,9782011Assets 2012: $1,079,280Liabilities 2012: $145,410Net Assets 2012: $933,8702012Assets 2013: $1,227,229Liabilities 2013: $216,077Net Assets 2013: $1,011,1522013Assets 2014: $1,295,194Liabilities 2014: $189,614Net Assets 2014: $1,105,5802014Assets 2015: $1,392,891Liabilities 2015: $197,264Net Assets 2015: $1,195,6272015Assets 2016: $1,657,834Liabilities 2016: $291,717Net Assets 2016: $1,366,1172016Assets 2017: $1,716,354Liabilities 2017: $621,537Net Assets 2017: $1,094,8172017Assets 2019: $1,214,421Liabilities 2019: $437,961Net Assets 2019: $776,4602019Assets 2020: $562,449Liabilities 2020: $541,408Net Assets 2020: $21,0412020Assets 2021: $1,203,512Liabilities 2021: $380,683Net Assets 2021: $822,8292021Assets 2022: $918,052Liabilities 2022: $373,122Net Assets 2022: $544,9302022Assets 2023: $1,205,125Liabilities 2023: $420,221Net Assets 2023: $784,9042023

Highlighted filing

2019

Assets$1,214,421
Liabilities$437,961
Net Assets$776,460

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,539,883Expenses 2011: $3,526,770Net Income 2011: $13,1132011Revenue 2012: $3,508,100Expenses 2012: $3,403,208Net Income 2012: $104,8922012Revenue 2013: $3,974,270Expenses 2013: $3,896,988Net Income 2013: $77,2822013Revenue 2014: $4,185,166Expenses 2014: $4,090,738Net Income 2014: $94,4282014Revenue 2015: $4,332,989Expenses 2015: $4,242,942Net Income 2015: $90,0472015Revenue 2016: $4,639,618Expenses 2016: $4,469,128Net Income 2016: $170,4902016Revenue 2017: $2,851,200Expenses 2017: $3,122,500Net Income 2017: -$271,3002017Revenue 2019: $3,433,605Expenses 2019: $3,908,053Net Income 2019: -$474,4482019Revenue 2020: $4,616,175Expenses 2020: $4,380,861Net Income 2020: $235,3142020Revenue 2021: $6,522,948Expenses 2021: $5,740,960Net Income 2021: $781,9882021Revenue 2022: $6,350,546Expenses 2022: $6,608,646Net Income 2022: -$258,1002022Revenue 2023: $7,201,876Expenses 2023: $6,944,204Net Income 2023: $257,6722023

Highlighted filing

2019

Revenue$3,433,605
Expenses$3,908,053
Net Income-$474,448
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 8, 2019
Return Version
2018v3.0
Gross Receipts
$3,433,605
Mission and Program Overview

Mission

The organization operates a charter school

The organization operates a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,108,050$1,085,028▼ $23,022
Prepaid Expenses and Deferred Charges$87,500$90,126▲ $2,626
Cash and Non-Interest-Bearing Accounts$51,965--
Accounts Receivable$214,525$39,267▼ $175,258
Total Assets$1,462,040$1,214,421▼ $247,619
Liabilities
Accounts Payable and Accrued Expenses$211,133$437,961▲ $226,828
Total Liabilities$211,133$437,961▲ $226,828
Net Assets / Fund Balance
Unrestricted Net Assets$1,250,907$776,459▼ $474,448
Total Net Assets Fund Balance$1,250,907$776,459▼ $474,448
Total Liabilities and Net Assets / Fund Balance$1,462,040$1,214,420▼ $247,620

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,082,820-$1,082,820
Equipment$2,208$158,943$161,151
Compensation and Service Providers

Board Members and Trustees

NameTitle
L JeffersonPresident
J ThorntonVice President
Lamarr MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,433,605
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-474,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,433,605
Total Revenue per Audited Statements
$3,433,605
Total Revenue per Form 990
$3,433,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,126,478
Other Expenses$1,781,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,622,734$216,038-$1,838,772
All Other Expenses$406,126$387,081-$793,207
Occupancy$564,046$11,208-$575,254
Payroll Taxes$256,652$31,054-$287,706
Travel$111,583$5,876-$117,459
Information Technology-$94,009-$94,009
Advertising-$41,830-$41,830
Insurance$22,898$3,123-$26,021
Depreciation Depletion$15,425$7,597-$23,022
Office Expenses-$18,762-$18,762
Other Expenses---$5,701
Total Functional Expenses$3,076,215$831,838$0$3,908,053

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,908,053
Total Expenses per Audited Statements$3,908,053
Total Expenses per Form 990$3,908,053
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI Question 3

The organization has contracted with Schoolmates, NFP to provide academic and business services to the school under the agreement, Schoolmates, NFP is responsible for education, managerial, and financial services

Part VI question 11B

The finance subcommittee of the board reviews and discusses the draft 990 before it is presented to the whole baoard for approval before filing

Part VI Section B Question 12

Prior to joining the board, and annualy thereafter each trustee or officer completes a conflict of interest form and submits it to the board regarding their responsibilities

Part VI Section B

Questions 15A & 15B The organization is managed by another organization and does not employ management directly

Part VI

The organization makes its governing documents, conflict of interest policies, and financial statement available upon request

Filing and Contact Details

Filer

Filer Name
Chicago Lighthouse Charter Sch
EIN
20-2173013
Phone
7732858040
Address
4930 S Cottage Grove, CHICAGO, IL 60615

Signing Officer

Name
Lance Jefferson
Title
President
Signed
2019-11-08
Discuss with paid preparer
No

Organization Details

Principal Officer
Lance Jefferson
Voting Board Members
3
Independent Board Members
3
Employees
42

Preparer

Firm
Land & Company CPA
Address
9901 South Western Avenue STE 200, CHICAGO, IL 60643
Preparer
Ralph A Land
Phone
7739415415
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Question 6 A
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has contracted with Schoolmates, NFP to provide academic and business services to the school under the agreement, Schoolmates, NFP is responsible for education, managerial, and financial services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The finance subcommittee of the board reviews and discusses the draft 990 before it is presented to the whole baoard for approval before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Prior to joining the board, and annualy thereafter each trustee or officer completes a conflict of interest form and submits it to the board regarding their responsibilities
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Question 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI question 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Section B Question 12
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/Filer/EIN0202173013
ReturnHeader/Filer/PhoneNum07732858040
ReturnHeader/Filer/USAddress/AddressLine1Txt04930 S Cottage Grove
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.254.23.155
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364115344
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAND & COMPANY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09901 South Western Avenue STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
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ReturnHeader/PreparerPersonGrp/PhoneNum07739415415
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ralph A Land
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-15T15:25:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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