Civic Intelligence

Lighthouse Radio Network Inc.

990 • Fiscal year 2018 • EIN 46-0758502

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 07, 2019

PO Box 5000Bangor, ME 04401

(207) 947-2751

Siviq Scores

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

Liabilities / Assets

56th percentile

0.13x

Higher debt load relative to assets than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.19x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$61,570

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

58th percentile

3.3%

Faster asset growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.7%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,067,652

Up $34,071 (+3.3%) from 2017

Net Assets

Up

$925,795

Up $91,918 (+11%) from 2017

Liabilities

Down

$141,857

Down $57,847 (-29%) from 2017

Revenue

Up

$742,295

Up $52,848 (+7.7%) from 2017

Expenses

Down

$648,533

Down $4,468 (-0.7%) from 2017

Net Income

Up

$93,762

Up $57,316 (+157%) from 2017

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 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

2018

Assets$1,067,652
Liabilities$141,857
Net Assets$925,795

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 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

2018

Revenue$742,295
Expenses$648,533
Net Income$93,762
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 7, 2019
Return Version
2018v3.1
Gross Receipts
$771,538
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$833,877$925,795▲ $91,918
Land, Buildings, and Equipment, Net$650,381$659,263▲ $8,882
Investments in Publicly Traded Securities$192,035$192,998▲ $963
Savings and Temporary Cash Investments$100,363$100,286▼ $77
Cash and Non-Interest-Bearing Accounts$60,715$84,805▲ $24,090
Intangible Assets$23,971$21,803▼ $2,168
Accounts Receivable$6,116$8,497▲ $2,381
Total Assets$1,033,581$1,067,652▲ $34,071
Liabilities
Mortgage Notes Payable Secured by Investment Property$179,295$120,865▼ $58,430
Accounts Payable and Accrued Expenses$20,409$20,992▲ $583
Total Liabilities$199,704$141,857▼ $57,847
Net Assets / Fund Balance
Total Net Assets Fund Balance$833,877$925,795▲ $91,918
Total Liabilities and Net Assets / Fund Balance$1,033,581$1,067,652▲ $34,071

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$502,633$70,741$573,374
Land$156,630-$156,630
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tom M ObeyPresidentFT$61,570$61,570

Board Members and Trustees

NameTitle
Glenn T WilsonSecretary/cl
Stephen D KeibTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$636,182
Program Service Revenue
$41,819
Investment Income
$4,652
Other Revenue
$59,642
All Other Contributions
$636,182
Change in Net Assets
$93,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,788
Salaries, Compensation, and Employee Benefits$270,745
Total Fundraising Expense$33,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,524$35,154$9,147$165,825
Current Officers, Directors, Trustees, and Key Employees$1,847$41,252$18,471$61,570
Occupancy$36,214--$36,214
Other Employee Benefits$14,714$9,110$3,290$27,114
Insurance$22,891--$22,891
Depreciation Depletion$22,230--$22,230
Payroll Taxes$8,806$5,460$1,970$16,236
Office Expenses$405$14,671-$15,076
Travel$13,667--$13,667
Information Technology$13,113--$13,113
Other Expenses$10,896$11,586-$10,896
All Other Expenses$4,906$1,927$583$7,416
Advertising$6,169--$6,169
Conferences and Meetings$4,486--$4,486
Fees for Services Other-$1,243-$1,243
Fees for Services Accounting-$650-$650
Fees for Services Legal-$618-$618
Total Functional Expenses$493,401$121,671$33,461$648,533
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
Tom ObeyBoard PresidentRentNo$12,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
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

Form 990, Page 6, Part VI, Line 11B

Governing board reviews and approves 990.

Form 990, Page 6, Part VI, Line 15A

The board of directors made a recommendation for salary to be given to the general manager. The amount was determined by surveying other christian and secular radio stations.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Lighthouse Radio Network Inc
EIN
46-0758502
Phone
2079472751
Address
PO BOX 5000, BANGOR, ME 04401

Signing Officer

Name
Tom M Obey
Title
President
Phone
2079472751
Signed
2019-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom M Obey
Formed
2012
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
10

Preparer

Firm
Edwards Faust & Smith
Address
15 COLUMBIA ST STE 201, BANGOR, ME 04401-6355
Preparer
Mark W Chellis
Phone
2079474575
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Provide a variety of services as volunteers

Form 990, Part XI, Line 9

Book / tax depreciation difference 192

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02796
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt070103
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt074964
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt026766
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0171833
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IRS990ScheduleA/PublicSupportCY509Pct00.94930
IRS990ScheduleA/PublicSupportPY509Pct00.94910
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0636842
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156630
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070741
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0573374
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0659263
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TOM OBEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE A VARIETY OF SERVICES AS VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BOARD REVIEWS AND APPROVES 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MADE A RECOMMENDATION FOR SALARY TO BE GIVEN TO THE GENERAL MANAGER. THE AMOUNT WAS DETERMINED BY SURVEYING OTHER CHRISTIAN AND SECULAR RADIO STATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 192
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TotalEmployeeCnt09
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0121671
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0493401
IRS990/TotalFunctionalExpensesGrp/TotalAmt0648533
IRS990/TotalGrossUBIAmt0-977
IRS990/TotalLiabilitiesBOYAmt0199704
IRS990/TotalLiabilitiesEOYAmt0141857
IRS990/TotalLiabilitiesGrp/BOYAmt0199704
IRS990/TotalLiabilitiesGrp/EOYAmt0141857
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0925795
IRS990/TotalProgramServiceExpensesAmt0493401
IRS990/TotalProgramServiceRevenueAmt041819
IRS990/TotalReportableCompFromOrgAmt061570
IRS990/TotalRevenueGrp/ExclusionAmt0616
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0106474
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0742295
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-977
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01033581
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01067652
IRS990/TravelGrp/ProgramServicesAmt013667
IRS990/TravelGrp/TotalAmt013667
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0910 ESSEX STREET
IRS990/USAddress/CityNm0BANGOR
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004401
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0LIGHTHOUSERADIONETWORK.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM M OBEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02079472751
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHTHOUSE RADIO NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0460758502
ReturnHeader/Filer/PhoneNum02079472751
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5000
ReturnHeader/Filer/USAddress/CityNm0BANGOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03311D17D97C4561C80A4ECCF886DC154340D7C26
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0843683F8D4E2C7F5C871B9711FB9D7EE3C6204F9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.179.110.14
ReturnHeader/FilingSecurityInformation/IPDt02019-02-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:01:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010463272

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