Civic Intelligence

The Lighthouse Beacon Foundation

EIN 85-3247420 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Net Margin

14th percentile

-28%

Higher net margin than 14% of similar nonprofits.

$1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

$1M-$5M nonprofits • Source year 2024

Asset Growth

16th percentile

-8.4%

Faster asset growth than 16% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

243%

Faster revenue growth than 94% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,356,427

Down $492,271 (-17%) from 2022

Liabilities

Up

$1,975

Up $1,975 from 2022

Net Assets

Down

$2,354,452

Down $494,246 (-17%) from 2022

Revenue

Down

$770,779

Down $1,394,455 (-64%) from 2022

Expenses

Up

$989,702

Up $661,965 (+202%) from 2022

Net Income

Down

-$218,923

Down $2,056,420 (-112%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2020: $555,008Liabilities 2020: $0Net Assets 2020: $555,0082020Assets 2021: $1,011,201Liabilities 2021: $0Net Assets 2021: $1,011,2012021Assets 2022: $2,848,698Liabilities 2022: $0Net Assets 2022: $2,848,6982022Assets 2024: $2,356,427Liabilities 2024: $1,975Net Assets 2024: $2,354,4522024

Highlighted filing

2024

Assets$2,356,427
Liabilities$1,975
Net Assets$2,354,452

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $558,508Expenses 2020: $3,500Net Income 2020: $555,0082020Revenue 2021: $1,013,388Expenses 2021: $557,195Net Income 2021: $456,1932021Revenue 2022: $2,165,234Expenses 2022: $327,737Net Income 2022: $1,837,4972022Revenue 2024: $770,779Expenses 2024: $989,702Net Income 2024: -$218,9232024

Highlighted filing

2024

Revenue$770,779
Expenses$989,702
Net Income-$218,923

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 16, 2022
Return Version
2020v4.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen C PigmanDir, Pres-$0--
Leonard Stanley PigmanDir, Sec, Treas-$0--
Filing and Contact Details

Filer

Filer Name
The Lighthouse Beacon Foundation
EIN
85-3247420
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Karen C Pigman
Title
President
Phone
8008391754
Signed
2022-02-16
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
One Hollow Ln Ste 212, Lake Success, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix232 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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ReasonableCauseExplanation/ExplanationTxt0Reasonable Cause Request for Abatement The Lighthouse Beacon Foundation (EIN: 85-3247420) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF was timely filed on April 26, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the foundation's exempt application was still pending and the IRS does not have the capability to accept e-filed returns for exempt organizations where tax exempt status is still pending. The foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing.
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Pigman Karen C
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Pigman Leonard Stanley
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt065 Beach Road S
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt126424 Brick Lane
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0Wilmington
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1Bonita Springs
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0DE
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1FL
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd028411
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd134134
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN C PIGMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-16
ReturnHeader/DisasterReliefTxt0NEW YORK-HURRICANE IDA
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Lighthouse Beacon Foundation
ReturnHeader/Filer/BusinessNameControlTxt00
ReturnHeader/Filer/EIN0853247420
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-04-27T15:25:10-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAREN C
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PIGMAN
ReturnHeader/TaxPeriodBeginDt02020-09-29
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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