Civic Intelligence

Light House Academy Inc.

990 • Fiscal year 2020 • EIN 54-2117031

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.75x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

47th percentile

4.6%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

78%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$1,076,180

Up $47,720 (+4.6%) from 2019

Net Assets

Up

$711,146

Up $42,326 (+6.3%) from 2019

Liabilities

Up

$365,034

Up $5,394 (+1.5%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin73rd percentile

Revenue

Up

$208,033

Up $91,189 (+78%) from 2019

Expenses

Down

$165,707

Down $11,656 (-6.6%) from 2019

Net Income

Up

$42,326

Up $102,845 (+170%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2020

Assets$1,076,180
Liabilities$365,034
Net Assets$711,146
Open 2020 Filing

Operations Trend

Revenue Growth91st 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

2020

Revenue$208,033
Expenses$165,707
Net Income$42,326
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$208,033
Mission and Program Overview

Mission

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

To provide a solid christian academic education within a biblical worldview context and to partner with families to prepare students to become well- disciplined and outstanding citizens who positively reflect christ to all in their sphere of influence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$942,937$931,076▼ $11,861
Rtn Earn Endowment Incm Other Fnds$668,820$711,146▲ $42,326
Savings and Temporary Cash Investments$71,399$115,821▲ $44,422
Loans From Officers Directors$25,000$25,000→ $0
Cash and Non-Interest-Bearing Accounts$5,329$22,606▲ $17,277
Accounts Receivable$8,795$6,677▼ $2,118
Total Assets$1,028,460$1,076,180▲ $47,720
Liabilities
Unsecured Notes Loans Payable$255,000$255,000→ $0
Mortgage Notes Payable Secured by Investment Property$70,000$70,000→ $0
Deferred Revenue$2,821$11,140▲ $8,319
Accounts Payable and Accrued Expenses$6,819$3,894▼ $2,925
Total Liabilities$359,640$365,034▲ $5,394
Net Assets / Fund Balance
Total Net Assets Fund Balance$668,820$711,146▲ $42,326
Total Liabilities and Net Assets / Fund Balance$1,028,460$1,076,180▲ $47,720

Asset Categories

AssetBook ValueDepreciationBasis
Land$542,851-$542,851
Buildings$379,215$23,594$402,809
Equipment$9,010$23,165$32,175
Leasehold Improvements-$15,845$15,845
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
David WeidnerPresident
Bruce StollerSecretary
Curt RassiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$146,164
Program Service Revenue
$54,529
Investment Income
$21
Other Revenue
$7,319
All Other Contributions
$146,164
Change in Net Assets
$42,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$123,131
Other Expenses$42,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,998$3,166-$114,164
Depreciation Depletion$11,862--$11,862
Occupancy$11,175--$11,175
Payroll Taxes$8,967--$8,967
Interest$2,785$928-$3,713
Fees for Services Accounting$2,610$870-$3,480
Insurance$2,494$831-$3,325
Other Expenses$3,213--$3,213
Information Technology$2,398$532-$2,930
Advertising$1,939--$1,939
Office Expenses$501$94-$595
Fees for Services Other$334--$334
Fees for Services Legal$10--$10
Total Functional Expenses$159,286$6,421$0$165,707
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,123
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000$25,000→ $0
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
Phone
3096913242
Address
PO BOX 9853, PEORIA, IL 61612-9853

Signing Officer

Name
Curt Rassi
Title
Treasurer
Phone
2178773344
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Weidner
Formed
2003
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
10

Preparer

Firm
Gorenz and Associates Ltd
Address
4200 N KNOXVILLE AVE, PEORIA, IL 61614
Preparer
Russell J Rumbold Ii CPA
Phone
3096857621
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide a solid christian academic education within a biblical worldview context and to partner with families to prepare students to become well- disciplined and outstanding citizens who positively reflect christ to all in their sphere of influence.”

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt025000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE A SOLID CHRISTIAN ACADEMIC EDUCATION WITHIN A BIBLICAL WORLDVIEW CONTEXT AND TO PARTNER WITH FAMILIES TO PREPARE STUDENTS TO BECOME WELL- DISCIPLINED AND OUTSTANDING CITIZENS WHO POSITIVELY REFLECT CHRIST TO ALL IN THEIR SPHERE OF INFLUENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICER REVIEW AND APPROVAL PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01028460
IRS990/TotalAssetsEOYAmt01076180
IRS990/TotalAssetsGrp/BOYAmt01028460
IRS990/TotalAssetsGrp/EOYAmt01076180
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0146164
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06421
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159286
IRS990/TotalFunctionalExpensesGrp/TotalAmt0165707
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0359640
IRS990/TotalLiabilitiesEOYAmt0365034
IRS990/TotalLiabilitiesGrp/BOYAmt0359640
IRS990/TotalLiabilitiesGrp/EOYAmt0365034
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0668820
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0711146
IRS990/TotalProgramServiceExpensesAmt0159286
IRS990/TotalProgramServiceRevenueAmt054529
IRS990/TotalRevenueGrp/ExclusionAmt04144
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057725
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0208033
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01028460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01076180
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0255000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0255000
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PEORIA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061614
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LHOUSEACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CURT RASSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02178773344
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHT HOUSE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0542117031
ReturnHeader/Filer/PhoneNum03096913242
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 9853
ReturnHeader/Filer/USAddress/CityNm0PEORIA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371017405
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GORENZ AND ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 N KNOXVILLE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEORIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061614
ReturnHeader/PreparerPersonGrp/PhoneNum03096857621
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUSSELL J RUMBOLD II CPA
ReturnHeader/ReturnTs02021-11-12T14:46:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CURT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RASSI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,076,180
Liabilities
$365,034
Net assets
$711,146
Revenue
$208,033
Expenses
$165,707
Net income
$42,326
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
2020Detailed filing. Detailed filing data is available for this year.$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
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