Civic Intelligence

Light House Academy Inc.

990 • Fiscal year 2018 • EIN 54-2117031

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 02, 2019

Organization ProfileWWW.LHOUSEACADEMY.COM
PO Box 9853Peoria, IL 61612-9853

(309) 691-3242

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.34x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.55x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

92nd percentile

54%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

22nd percentile

-10%

Faster revenue growth than 22% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$1,100,783

Up $387,194 (+54%) from 2017

Net Assets

Up

$729,339

Up $23,415 (+3.3%) from 2017

Liabilities

Up

$371,444

Up $363,779 (+4746%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin85th percentile

Revenue

Down

$240,090

Down $27,112 (-10%) from 2017

Expenses

Down

$164,889

Down $6,511 (-3.8%) from 2017

Net Income

Down

$75,201

Down $20,601 (-22%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$1.5M$1.0M$500K$0Assets 2009: $466,805Liabilities 2009: $5,883Net Assets 2009: $460,9222009Assets 2010: $458,528Liabilities 2010: $9,324Net Assets 2010: $449,2042010Assets 2011: $449,769Liabilities 2011: $22,064Net Assets 2011: $427,7052011Assets 2013: $624,180Liabilities 2013: $65,421Net Assets 2013: $558,7592013Assets 2014: $689,362Liabilities 2014: $48,089Net Assets 2014: $641,2732014Assets 2015: $631,253Liabilities 2015: $6,864Net Assets 2015: $624,3892015Assets 2016: $616,494Liabilities 2016: $6,372Net Assets 2016: $610,1222016Assets 2017: $713,589Liabilities 2017: $7,665Net Assets 2017: $705,9242017Assets 2018: $1,100,783Liabilities 2018: $371,444Net Assets 2018: $729,3392018Assets 2019: $1,028,460Liabilities 2019: $359,640Net Assets 2019: $668,8202019Assets 2020: $1,076,180Liabilities 2020: $365,034Net Assets 2020: $711,1462020Assets 2021: $1,067,518Liabilities 2021: $363,660Net Assets 2021: $703,8582021Assets 2022: $1,042,789Liabilities 2022: $258,014Net Assets 2022: $784,7752022Assets 2023: $1,009,221Liabilities 2023: $259,770Net Assets 2023: $749,4512023Assets 2024: $975,593Liabilities 2024: $259,844Net Assets 2024: $715,7492024

Highlighted filing

2018

Assets$1,100,783
Liabilities$371,444
Net Assets$729,339
Open 2018 Filing

Operations Trend

Revenue Growth22nd percentile

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

$300K$200K$100K$0-$100KRevenue 2009: $108,180Expenses 2009: $138,078Net Income 2009: -$29,8982009Revenue 2010: $128,499Expenses 2010: $140,217Net Income 2010: -$11,7182010Revenue 2011: $116,018Expenses 2011: $137,517Net Income 2011: -$21,4992011Revenue 2013: $233,946Expenses 2013: $157,783Net Income 2013: $76,1632013Revenue 2014: $253,921Expenses 2014: $171,407Net Income 2014: $82,5142014Revenue 2015: $169,537Expenses 2015: $186,421Net Income 2015: -$16,8842015Revenue 2016: $167,195Expenses 2016: $181,462Net Income 2016: -$14,2672016Revenue 2017: $267,202Expenses 2017: $171,400Net Income 2017: $95,8022017Revenue 2018: $240,090Expenses 2018: $164,889Net Income 2018: $75,2012018Revenue 2019: $116,844Expenses 2019: $177,363Net Income 2019: -$60,5192019Revenue 2020: $208,033Expenses 2020: $165,707Net Income 2020: $42,3262020Revenue 2021: $176,956Expenses 2021: $184,244Net Income 2021: -$7,2882021Revenue 2022: $291,130Expenses 2022: $210,213Net Income 2022: $80,9172022Revenue 2023: $187,762Expenses 2023: $223,086Net Income 2023: -$35,3242023Revenue 2024: $206,881Expenses 2024: $240,583Net Income 2024: -$33,7022024

Highlighted filing

2018

Revenue$240,090
Expenses$164,889
Net Income$75,201
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 2, 2019
Return Version
2018v3.1
Gross Receipts
$308,781
Mission and Program Overview

Mission

To provide an educationally sound christian school for students in kindergarten through ninth grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$316,985$933,943▲ $616,958
Savings and Temporary Cash Investments$354,882$122,959▼ $231,923
Cash and Non-Interest-Bearing Accounts$36,257$37,979▲ $1,722
Accounts Receivable$5,465$5,902▲ $437
Total Assets$713,589$1,100,783▲ $387,194
Liabilities
Other Liabilities$6,579$370,906▲ $364,327
Accounts Payable and Accrued Expenses$1,086$538▼ $548
Total Liabilities$7,665$371,444▲ $363,779
Net Assets / Fund Balance
Unrestricted Net Assets$465,060$488,475▲ $23,415
Permanently Rstr Net Assets$240,864$240,864→ $0
Total Net Assets Fund Balance$705,924$729,339▲ $23,415
Total Liabilities and Net Assets / Fund Balance$713,589$1,100,783▲ $387,194

Asset Categories

AssetBook ValueDepreciationBasis
Land$542,851-$542,851
Buildings$391,092$2,947$394,039
Other Land Buildings-$37,287$37,287
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jim CarlsonPresident
Bruce StollerSecretary
Curt RassiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$123,970
Program Service Revenue
$29,584
Investment Income
$35,971
Other Revenue
$50,565
All Other Contributions
$123,970
Change in Net Assets
$75,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$120,410
Other Expenses$44,479
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,069$4,331-$110,400
Occupancy$15,534--$15,534
Payroll Taxes$8,039--$8,039
All Other Expenses$7,010$85-$7,095
Interest-$4,313-$4,313
Depreciation Depletion$2,947--$2,947
Other Employee Benefits$1,971--$1,971
Insurance-$1,957-$1,957
Other Expenses$1,932--$1,932
Office Expenses$772--$772
Information Technology$759--$759
Advertising$590--$590
Total Functional Expenses$154,203$10,686$0$164,889
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,945
Fundraising Direct Expenses$21,036
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundrais$69,945$69,945$21,036$48,909
Total Events$69,945$69,945$21,036$48,909
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage Loan Payable$300,000
Loan From Officer - Rassi$25,000
Loan From Officer - Hoerr$25,000
Real Estate Tax Payable$13,232
Prepaid Tuition$4,783
Payroll Tax Liabilities$2,891
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

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

“Officer review and approval prior to submission”

Form 990, Page 6, Part VI, Line 19

“Governing documents available upon request”

Filing and Contact Details

Filer

Filer Name
Light House Academy
EIN
54-2117031
Address
PO BOX 9853, PEORIA, IL 61612-9853

Signing Officer

Name
Jim Carlson
Title
President
Signed
2019-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Carlson
Formed
2003
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
4

Preparer

Firm
Gorenz and Associates Ltd
Address
4200 N KNOXVILLE AVE, PEORIA, IL 61614
Preparer
Thomas R Peffer CPA
Phone
3096857621
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provided a sound christian education for approximately 10 students.”

Raw XML Appendix361 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICER REVIEW AND APPROVAL PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AVAILABLE UPON REQUEST
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,100,783
Liabilities
$371,444
Net assets
$729,339
Revenue
$240,090
Expenses
$164,889
Net income
$75,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.26$0.72$0.21$0.24$0.03
2023Summary only. Only limited summary data is available for this year.$1.01$0.26$0.75$0.19$0.22$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.26$0.78$0.29$0.21$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.36$0.70$0.18$0.18$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.37$0.71$0.21$0.17$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.36$0.67$0.12$0.18$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.10$0.37$0.73$0.24$0.16$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.01$0.71$0.27$0.17$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.01$0.61$0.17$0.18$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$0.17$0.19$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.05$0.64$0.25$0.17$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.62$0.07$0.56$0.23$0.16$0.08
2011Summary only. Only limited summary data is available for this year.$0.45$0.02$0.43$0.12$0.14$0.02
2010Summary only. Only limited summary data is available for this year.$0.46$0.01$0.45$0.13$0.14$0.01
2009Summary only. Only limited summary data is available for this year.$0.47$0.01$0.46$0.11$0.14$0.03