Civic Intelligence

Light House Academy Inc.

990 • Fiscal year 2019 • EIN 54-2117031

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

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

75th percentile

0.35x

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

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

Liabilities / Revenue

93rd percentile

3.08x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

6th percentile

-52%

Higher net margin than 6% 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

16th percentile

-6.6%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$1,028,460

Down $72,323 (-6.6%) from 2018

Net Assets

Down

$668,820

Down $60,519 (-8.3%) from 2018

Liabilities

Down

$359,640

Down $11,804 (-3.2%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin6th percentile

Revenue

Down

$116,844

Down $123,246 (-51%) from 2018

Expenses

Up

$177,363

Up $12,474 (+7.6%) from 2018

Net Income

Down

-$60,519

Down $135,720 (-180%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2019

Assets$1,028,460
Liabilities$359,640
Net Assets$668,820
Open 2019 Filing

Operations Trend

Revenue Growth5th 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

2019

Revenue$116,844
Expenses$177,363
Net Income-$60,519
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$131,724
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$933,943$942,937▲ $8,994
Savings and Temporary Cash Investments$122,959$71,399▼ $51,560
Accounts Receivable$5,902$8,795▲ $2,893
Cash and Non-Interest-Bearing Accounts$37,979$5,329▼ $32,650
Total Assets$1,100,783$1,028,460▼ $72,323
Liabilities
Other Liabilities$370,906$358,145▼ $12,761
Accounts Payable and Accrued Expenses$538$1,495▲ $957
Total Liabilities$371,444$359,640▼ $11,804
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$488,475$545,861▲ $57,386
Net Assets With Donor Restrictions$240,864$122,959▼ $117,905
Total Net Assets Fund Balance$729,339$668,820▼ $60,519
Total Liabilities and Net Assets / Fund Balance$1,100,783$1,028,460▼ $72,323

Asset Categories

AssetBook ValueDepreciationBasis
Land$542,851-$542,851
Buildings$389,543$13,266$402,809
Equipment$10,543$21,632$32,175
Leasehold Improvements-$15,845$15,845
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Jim CarlsonPresident
Bruce StollerSecretary
Curt RassiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,065
Program Service Revenue
$34,547
Investment Income
$48
Other Revenue
$34,184
All Other Contributions
$48,065
Change in Net Assets
$-60,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$119,611
Other Expenses$57,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,862$4,331-$110,193
Interest-$13,901-$13,901
Depreciation Depletion$10,511--$10,511
Payroll Taxes$8,679--$8,679
All Other Expenses$6,231--$6,231
Occupancy$4,902--$4,902
Insurance-$3,837-$3,837
Office Expenses$2,288--$2,288
Other Expenses$1,999--$1,999
Information Technology$1,170--$1,170
Other Employee Benefits$739--$739
Advertising$500--$500
Total Functional Expenses$155,294$22,069$0$177,363
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,039
Fundraising Direct Expenses$14,880
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundrais$47,039$47,039$14,880$32,159
Total Events$47,039$47,039$14,880$32,159
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Investors$280,000
Mortgage Loan Payable$70,000
Payroll Tax Liabilities$5,324
Prepaid Tuition$2,821
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
2020-11-12
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 Appendix348 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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ReturnHeader/FilingSecurityInformation/IPTm015:00:55
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,028,460
Liabilities
$359,640
Net assets
$668,820
Revenue
$116,844
Expenses
$177,363
Net income
-$60,519
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
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.36$0.67$0.12$0.18$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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