Civic Intelligence

Lighthouse Radio Network Inc.

990 • Fiscal year 2015 • EIN 46-0758502

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

123 Husson AvenueBangor, ME 04401

(207) 947-2751

Siviq Scores

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

Liabilities / Assets

71st percentile

0.21x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.32x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

56th percentile

5.4%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

57th percentile

3.6%

Faster asset growth than 57% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

41st percentile

-0.3%

Faster revenue growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$983,406

Up $34,624 (+3.6%) from 2014

Net Assets

Up

$774,917

Up $34,157 (+4.6%) from 2014

Liabilities

Up

$208,489

Up $467 (+0.2%) from 2014

Revenue

Down

$659,032

Down $1,863 (-0.3%) from 2014

Expenses

Up

$623,561

Up $41,115 (+7.1%) from 2014

Net Income

Down

$35,471

Down $42,978 (-55%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $342,310Liabilities 2013: $12,683Net Assets 2013: $329,6272013Assets 2014: $948,782Liabilities 2014: $208,022Net Assets 2014: $740,7602014Assets 2015: $983,406Liabilities 2015: $208,489Net Assets 2015: $774,9172015Assets 2016: $979,557Liabilities 2016: $204,940Net Assets 2016: $774,6172016Assets 2017: $1,033,581Liabilities 2017: $199,704Net Assets 2017: $833,8772017Assets 2018: $1,067,652Liabilities 2018: $141,857Net Assets 2018: $925,7952018Assets 2019: $1,111,211Liabilities 2019: $80,748Net Assets 2019: $1,030,4632019Assets 2021: $1,384,920Liabilities 2021: $14,585Net Assets 2021: $1,370,3352021Assets 2022: $1,133,060Liabilities 2022: $11,870Net Assets 2022: $1,121,1902022

Highlighted filing

2015

Assets$983,406
Liabilities$208,489
Net Assets$774,917

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $720,386Expenses 2013: $530,551Net Income 2013: $189,8352013Revenue 2014: $660,895Expenses 2014: $582,446Net Income 2014: $78,4492014Revenue 2015: $659,032Expenses 2015: $623,561Net Income 2015: $35,4712015Revenue 2016: $662,295Expenses 2016: $666,270Net Income 2016: -$3,9752016Revenue 2017: $689,447Expenses 2017: $653,001Net Income 2017: $36,4462017Revenue 2018: $742,295Expenses 2018: $648,533Net Income 2018: $93,7622018Revenue 2019: $752,384Expenses 2019: $662,156Net Income 2019: $90,2282019Revenue 2021: $834,375Expenses 2021: $690,020Net Income 2021: $144,3552021Revenue 2022: $551,090Expenses 2022: $754,945Net Income 2022: -$203,8552022

Highlighted filing

2015

Revenue$659,032
Expenses$623,561
Net Income$35,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$680,971
Mission and Program Overview

Mission

To reach the lost, edify the saints, and keep people informed through radio broadcast.

To reach the lost, edify the saints, and keep people informed through radio broadcast

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$740,760$774,917▲ $34,157
Land, Buildings, and Equipment, Net$623,183$652,595▲ $29,412
Cash and Non-Interest-Bearing Accounts$166,690$166,251▼ $439
Savings and Temporary Cash Investments$97,081$97,159▲ $78
Investments in Publicly Traded Securities$30,912$33,269▲ $2,357
Accounts Receivable$441$5,825▲ $5,384
Total Assets$948,782$983,406▲ $34,624
Other Assets Total$30,475$28,307▼ $2,168
Liabilities
Mortgage Notes Payable Secured by Investment Property$198,119$192,139▼ $5,980
Accounts Payable and Accrued Expenses$9,903$16,350▲ $6,447
Total Liabilities$208,022$208,489▲ $467
Net Assets / Fund Balance
Total Net Assets Fund Balance$740,760$774,917▲ $34,157
Total Liabilities and Net Assets / Fund Balance$948,782$983,406▲ $34,624

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$247,063$32,648$279,711
Buildings$269,902$4,464$274,366
Land$135,630-$135,630
Other Assets Org$-4,214--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom ObeyPresident
Mary L ObeyVice President
Sheila J CollinsSecretary
Sarah L KeibTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$543,332
Program Service Revenue
$39,705
Investment Income
$1,031
Other Revenue
$74,964
Change in Net Assets
$35,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$423,750
Salaries, Compensation, and Employee Benefits$199,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$183,633--$183,633
Insurance$32,463$2,195-$34,658
Occupancy$28,471$5,225-$33,696
Depreciation Depletion$23,596$902-$24,498
All Other Expenses$22,980--$22,980
Office Expenses$15,499$1,722-$17,221
Other Employee Benefits$16,178--$16,178
Other Expenses$13,685--$13,685
Information Technology$10,921--$10,921
Advertising$9,773--$9,773
Conferences and Meetings$2,932--$2,932
Fees for Services Legal$1,199--$1,199
Fees for Services Accounting$750--$750
Total Functional Expenses$613,517$10,044$0$623,561
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Na--No-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Officer directors etc family relationship Part VI line 2

Tom obie and mary obie are husband and wife. Sarah keib and sheila collins are daughters of tom and mary obie

Form 990 governing body review Part VI line 11

The governing body will review the form 990 prior to may 16, 2016 the date the return will be electronically filed to the irs

Governing documents etc available to public Part VI line 19

All of the accounting records, records of contributions received, the form 990 are kept at the 123 husson ave, bangor, me address and will be made available upon request.

Filing and Contact Details

Filer

Filer Name
Lighthouse Radio Network Inc
EIN
46-0758502
Address
123 HUSSON AVENUE, BANGOR, ME 04401
Doing Business As
Lighthouse Radio Network Inc

Signing Officer

Name
Tom Obey
Title
President
Phone
2079472751
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Obey
Formed
2012
Legal Domicile
Me
Voting Board Members
4
Independent Board Members
0
Employees
4
Volunteers
25

Preparer

Firm
Larry L Campbell CPA LLC
Address
134 Main St 7, Lewiston, ME 04240
Preparer
Larry L Campbell
Phone
2077832589
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

This entry is necessary to reconcile the net assets per form 990 to net assets per books

Raw XML Appendix388 raw XML fields

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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0662032
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0663746
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0720386
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0270314
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02316478
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0269902
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04464
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0274366
IRS990ScheduleD/EquipmentGrp/BookValueAmt0247063
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032648
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0279711
IRS990ScheduleD/LandGrp/BookValueAmt0135630
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0135630
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt029364
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13157
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2-4214
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ORGANIZATION COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CLOSING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCUMULATED AMORTIZATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0652595
IRS990ScheduleD/TotalBookValueOtherAssetsAmt028307
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0NA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOM OBIE AND MARY OBIE ARE HUSBAND AND WIFE. SARAH KEIB AND SHEILA COLLINS ARE DAUGHTERS OF TOM AND MARY OBIE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY WILL REVIEW THE FORM 990 PRIOR TO MAY 16, 2016 THE DATE THE RETURN WILL BE ELECTRONICALLY FILED TO THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OF THE ACCOUNTING RECORDS, RECORDS OF CONTRIBUTIONS RECEIVED, THE FORM 990 ARE KEPT AT THE 123 HUSSON AVE, BANGOR, ME ADDRESS AND WILL BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS ENTRY IS NECESSARY TO RECONCILE THE NET ASSETS PER FORM 990 TO NET ASSETS PER BOOKS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0948782
IRS990/TotalAssetsEOYAmt0983406
IRS990/TotalAssetsGrp/BOYAmt0948782
IRS990/TotalAssetsGrp/EOYAmt0983406
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0543332
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010044
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0613517
IRS990/TotalFunctionalExpensesGrp/TotalAmt0623561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0208022
IRS990/TotalLiabilitiesEOYAmt0208489
IRS990/TotalLiabilitiesGrp/BOYAmt0208022
IRS990/TotalLiabilitiesGrp/EOYAmt0208489
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0740760
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0774917
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0613517
IRS990/TotalProgramServiceRevenueAmt039705
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0659032
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0948782
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0983406
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0LIGHTHOUSERADIONETWORK.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM OBEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02079472751
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHTHOUSE RADIO NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0460758502
ReturnHeader/Filer/USAddress/AddressLine1Txt0123 HUSSON AVENUE
ReturnHeader/Filer/USAddress/CityNm0BANGOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320308855
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Larry L Campbell CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0134 Main St 7
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lewiston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004240
ReturnHeader/PreparerPersonGrp/PhoneNum02077832589
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Larry L Campbell
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-18T14:18:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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