Civic Intelligence

Lighthouse Foundation of Corinth

EIN 64-0860313 • 501(c)3 • Corinth, MS

Profile

To provide youth mentoring and tutoring in a christian atmosphere.

PO Box 2121Corinth, MS 38835

www.lighthot.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.36x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.34x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

15th percentile

-18%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-21%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$670,516

Down $151,023 (-18%) from 2023

Liabilities

Down

$238,169

Down $70,936 (-23%) from 2023

Net Assets

Down

$432,347

Down $80,087 (-16%) from 2023

Revenue

Down

$709,539

Down $186,854 (-21%) from 2023

Expenses

Up

$789,626

Up $42,263 (+5.7%) from 2023

Net Income

Down

-$80,087

Down $229,117 (-154%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $196,032Liabilities 2010: $37,266Net Assets 2010: $158,7662010Assets 2011: $209,428Liabilities 2011: $39,922Net Assets 2011: $169,5062011Assets 2012: $172,260Liabilities 2012: $35,630Net Assets 2012: $136,6302012Assets 2013: $234,164Liabilities 2013: $36,404Net Assets 2013: $197,7602013Assets 2014: $200,973Liabilities 2014: $34,215Net Assets 2014: $166,7582014Assets 2015: $169,213Liabilities 2015: $30,083Net Assets 2015: $139,1302015Assets 2016: $258,527Liabilities 2016: $52,007Net Assets 2016: $206,5202016Assets 2017: $272,773Liabilities 2017: $42,030Net Assets 2017: $230,7432017Assets 2018: $285,337Liabilities 2018: $30,759Net Assets 2018: $254,5782018Assets 2019: $278,471Liabilities 2019: $38,345Net Assets 2019: $240,1262019Assets 2020: $334,366Liabilities 2020: $19,065Net Assets 2020: $315,3012020Assets 2021: $379,957Liabilities 2021: $7,526Net Assets 2021: $372,4312021Assets 2022: $371,623Liabilities 2022: $8,219Net Assets 2022: $363,4042022Assets 2023: $821,539Liabilities 2023: $309,105Net Assets 2023: $512,4342023Assets 2024: $670,516Liabilities 2024: $238,169Net Assets 2024: $432,3472024

Highlighted filing

2024

Assets$670,516
Liabilities$238,169
Net Assets$432,347

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $395,4092010Expenses 2011: $591,0612011Expenses 2012: $556,3432012Revenue 2013: $626,046Expenses 2013: $564,916Net Income 2013: $61,1302013Revenue 2014: $594,787Expenses 2014: $616,862Net Income 2014: -$22,0752014Revenue 2015: $646,507Expenses 2015: $671,025Net Income 2015: -$24,5182015Revenue 2016: $695,132Expenses 2016: $629,315Net Income 2016: $65,8172016Revenue 2017: $744,867Expenses 2017: $720,644Net Income 2017: $24,2232017Revenue 2018: $668,060Expenses 2018: $644,226Net Income 2018: $23,8342018Revenue 2019: $712,862Expenses 2019: $727,313Net Income 2019: -$14,4512019Revenue 2020: $712,418Expenses 2020: $637,244Net Income 2020: $75,1742020Revenue 2021: $727,744Expenses 2021: $670,613Net Income 2021: $57,1312021Revenue 2022: $696,976Expenses 2022: $706,003Net Income 2022: -$9,0272022Revenue 2023: $896,393Expenses 2023: $747,363Net Income 2023: $149,0302023Revenue 2024: $709,539Expenses 2024: $789,626Net Income 2024: -$80,0872024

Highlighted filing

2024

Revenue$709,539
Expenses$789,626
Net Income-$80,087

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.71$2.38$4.32$7.10$7.90$0.80
2023Detailed filing. Detailed filing data is available for this year.$8.22$3.09$5.12$8.96$7.47$1.49
2022Detailed filing. Detailed filing data is available for this year.$3.72$0.08$3.63$6.97$7.06$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.80$0.08$3.72$7.28$6.71$0.57
2020Detailed filing. Detailed filing data is available for this year.$3.34$0.19$3.15$7.12$6.37$0.75
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.38$2.40$7.13$7.27$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.85$0.31$2.55$6.68$6.44$0.24
2017Detailed filing. Detailed filing data is available for this year.$2.73$0.42$2.31$7.45$7.21$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.59$0.52$2.07$6.95$6.29$0.66
2015Detailed filing. Detailed filing data is available for this year.$1.69$0.30$1.39$6.47$6.71$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.34$1.67$5.95$6.17$0.22
2013Detailed filing. Detailed filing data is available for this year.$2.34$0.36$1.98$6.26$5.65$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.36$1.37$5.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.40$1.70$5.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.37$1.59$3.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.0
Gross Receipts
$752,022
Mission and Program Overview

Mission

To provide youth mentoring and tutoring in a christian atmosphere.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$371,729$456,949▲ $85,220
Rtn Earn Endowment Incm Other Fnds$512,434$432,347▼ $80,087
Cash and Non-Interest-Bearing Accounts$413,460$171,619▼ $241,841
Investments in Publicly Traded Securities$36,350$41,948▲ $5,598
Total Assets$821,539$670,516▼ $151,023
Liabilities
Mortgage Notes Payable Secured by Investment Property$300,401$229,248▼ $71,153
Other Liabilities$8,704$8,921▲ $217
Total Liabilities$309,105$238,169▼ $70,936
Net Assets / Fund Balance
Total Net Assets Fund Balance$512,434$432,347▼ $80,087
Total Liabilities and Net Assets / Fund Balance$821,539$670,516▼ $151,023

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$495,767$8,292$504,059
Other Land Buildings$-50,818$193,681$142,863
Land$12,000-$12,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$717,750
Program Service Revenue
$0
Investment Income
$3,310
Other Revenue
$-11,521
All Other Contributions
$588,113
Change in Net Assets
$-80,087

Audited Revenue Reconciliation

Revenue per Audited Statements
$709,539
Total Revenue per Audited Statements
$709,539
Total Revenue per Form 990
$709,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$513,678
Salaries, Compensation, and Employee Benefits$275,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,388$143,857-$241,245
All Other Expenses$44,280$26,469-$70,749
Other Expenses$31,537$56,308-$31,537
Office Expenses-$23,355-$23,355
Interest-$22,205-$22,205
Payroll Taxes$12,184$6,561-$18,745
Depreciation Depletion$17,411--$17,411
Insurance$3,437$13,748-$17,185
Other Employee Benefits$7,979$7,979-$15,958
Fees for Services Accounting-$10,550-$10,550
Travel-$8,477-$8,477
Total Functional Expenses$470,117$319,509$0$789,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$789,626
Total Expenses per Audited Statements$789,626
Total Expenses per Form 990$789,626
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,483
Fundraising Gross Income$30,962
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Basketball Tour$160,599$30,962$42,483$-11,521
Total Events$160,599$30,962$42,483$-11,521
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$8,921
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 9

Rick willis 1021 taylor st corinth, ms 38834

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

Financial director and executive director review form before the board reviews it.

Form 990, Page 6, Part VI, Line 12C

Open discussions during board meetings.

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

Meeting among financial director, president, secretary, and treasurer to discuss performance and financial condition of the organization to determine raises.

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

Meeting among financial director, president, secretary, and treasurer to discuss performance and financial condition of the organization to determine raises.

Form 990, Page 6, Part VI, Line 19

Documents are available for review upon request.

Filing and Contact Details

Filer

Filer Name
Lighthouse Foundation of Corinth
EIN
64-0860313
Phone
6622860091
Address
PO BOX 2121, CORINTH, MS 38835

Signing Officer

Name
Gary Caveness
Title
Executive Director
Phone
6622860091
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Caveness
Formed
1993
Legal Domicile
Ms
Voting Board Members
20
Independent Board Members
18
Employees
22

Preparer

Firm
The Sparks CPA Firm Pc
Address
PO BOX 458, CORINTH, MS 38835-0458
Preparer
M Elizabeth Cossitt CPA
Phone
6622867082
Supplemental Narrative

Additional Explanations

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

Various youth activities encouraging leadership, responsibility, and ethics; community services and benevolences geared toward persons with youth in the household; tutoring and mentoring

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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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IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3CONQUERORS
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IRS990/PrincipalOfficerNm0GARY CAVENESS
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IRS990/ProgSrvcAccomActy2Grp/Desc0CHRISTMAS TOY STORE - PROVIDED UNIQUE EXPERIENCE IN PROVIDING TOYS FOR NEEDY FAMILIES FOR CHRISTMAS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt074460
IRS990/ProgSrvcAccomActy3Grp/Desc0VARIOUS YOUTH ACTIVITIES ENCOURAGING LEADERSHIP, RESPONSIBILITY, AND ETHICS; COMMUNITY SERVICES AND BENEVOLENCES GEARED TOWARD PERSONS WITH YOUTH IN THE HOUSEHOLD; TUTORING AND MENTORING.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS YOUTH ACTIVITIES ENCOURAGING LEADERSHIP, RESPONSIBILITY, AND ETHICS; COMMUNITY SERVICES AND BENEVOLENCES GEARED TOWARD PERSONS WITH YOUTH IN THE HOUSEHOLD; TUTORING AND MENTORING
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0166873
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherRevenueAmt0-12124
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IRS990/PYSalariesCompEmpBnftPaidAmt0243502
IRS990/PYTotalExpensesAmt0747363
IRS990/PYTotalRevenueAmt0896393
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0512434
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0432347
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0717750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0908517
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0723663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0699921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0712426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03762277
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09
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IRS990ScheduleA/PublicSupportPY170Pct00.95480
IRS990ScheduleA/PublicSupportTotal170Amt03408346
IRS990ScheduleA/SubstantialContributorsTotAmt0353931
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0717750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0908517
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0723663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0699921
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0712426
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03762277
IRS990ScheduleA/TotalSupportAmt03765596
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0495767
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08292
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0504059
IRS990ScheduleD/ExpensesSubtotalAmt0789626
IRS990ScheduleD/LandGrp/BookValueAmt012000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-50818
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0193681
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0142863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0456949
IRS990ScheduleD/TotalExpensesPerForm990Amt0789626
IRS990ScheduleD/TotalLiabilityAmt08921
IRS990ScheduleD/TotalRevenuePerForm990Amt0709539
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0709539
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0129637
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0129637
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042483
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BASKETBALL TOUR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0160599
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0160599
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030962
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030962
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-11521
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt042483
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt042483
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VARIOUS YOUTH ACTIVITIES ENCOURAGING LEADERSHIP, RESPONSIBILITY, AND ETHICS; COMMUNITY SERVICES AND BENEVOLENCES GEARED TOWARD PERSONS WITH YOUTH IN THE HOUSEHOLD; TUTORING AND MENTORING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICK WILLIS 1021 TAYLOR ST CORINTH, MS 38834
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL DIRECTOR AND EXECUTIVE DIRECTOR REVIEW FORM BEFORE THE BOARD REVIEWS IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OPEN DISCUSSIONS DURING BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEETING AMONG FINANCIAL DIRECTOR, PRESIDENT, SECRETARY, AND TREASURER TO DISCUSS PERFORMANCE AND FINANCIAL CONDITION OF THE ORGANIZATION TO DETERMINE RAISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEETING AMONG FINANCIAL DIRECTOR, PRESIDENT, SECRETARY, AND TREASURER TO DISCUSS PERFORMANCE AND FINANCIAL CONDITION OF THE ORGANIZATION TO DETERMINE RAISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

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