Civic Intelligence

K-Light Inc.

990 • Fiscal year 2020 • EIN 94-3091130

Jan 01, 2020 to Dec 31, 2020 • Filed on May 13, 2021

580 Kingwood AveCoos Bay, OR 97420

(541) 269-2022

Siviq Scores

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

Liabilities / Assets

89th percentile

0.57x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

0.78x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$57,991

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

65th percentile

17%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

5.6%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$276,875

Up $40,737 (+17%) from 2019

Net Assets

Up

$120,027

Up $33,665 (+39%) from 2019

Liabilities

Up

$156,848

Up $7,072 (+4.7%) from 2019

Revenue

Up

$202,095

Up $10,641 (+5.6%) from 2019

Expenses

Down

$168,430

Down $4,268 (-2.5%) from 2019

Net Income

Up

$33,665

Up $14,909 (+79%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $336,539Liabilities 2011: $253,3312011Assets 2012: $336,362Liabilities 2012: $265,7682012Assets 2013: $381,215Liabilities 2013: $295,8262013Assets 2014: $359,498Liabilities 2014: $274,5832014Assets 2015: $412,609Liabilities 2015: $261,693Net Assets 2015: $150,9162015Assets 2016: $384,693Liabilities 2016: $221,901Net Assets 2016: $162,7922016Assets 2017: $378,994Liabilities 2017: $201,186Net Assets 2017: $177,8082017Assets 2018: $346,177Liabilities 2018: $171,1932018Assets 2019: $236,138Liabilities 2019: $149,776Net Assets 2019: $86,3622019Assets 2020: $276,875Liabilities 2020: $156,848Net Assets 2020: $120,0272020Assets 2021: $265,239Liabilities 2021: $104,823Net Assets 2021: $160,4162021Assets 2022: $298,297Liabilities 2022: $92,485Net Assets 2022: $205,8122022Assets 2023: $284,490Liabilities 2023: $25,881Net Assets 2023: $258,6092023Assets 2024: $352,563Liabilities 2024: $8,227Net Assets 2024: $344,3362024

Highlighted filing

2020

Assets$276,875
Liabilities$156,848
Net Assets$120,027

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $172,664Expenses 2011: $237,199Net Income 2011: -$64,5352011Revenue 2012: $161,103Expenses 2012: $174,135Net Income 2012: -$13,0322012Revenue 2013: $181,231Expenses 2013: $165,926Net Income 2013: $15,3052013Revenue 2014: $160,366Expenses 2014: $162,883Net Income 2014: -$2,5172014Revenue 2015: $233,057Expenses 2015: $167,056Net Income 2015: $66,0012015Revenue 2016: $195,188Expenses 2016: $183,312Net Income 2016: $11,8762016Revenue 2017: $187,442Expenses 2017: $172,426Net Income 2017: $15,0162017Revenue 2018: $171,434Expenses 2018: $174,258Net Income 2018: -$2,8242018Revenue 2019: $191,454Expenses 2019: $172,698Net Income 2019: $18,7562019Revenue 2020: $202,095Expenses 2020: $168,430Net Income 2020: $33,6652020Revenue 2021: $239,062Expenses 2021: $190,514Net Income 2021: $48,5482021Revenue 2022: $242,322Expenses 2022: $196,926Net Income 2022: $45,3962022Revenue 2023: $254,395Expenses 2023: $201,598Net Income 2023: $52,7972023Revenue 2024: $278,838Expenses 2024: $212,822Net Income 2024: $66,0162024

Highlighted filing

2020

Revenue$202,095
Expenses$168,430
Net Income$33,665
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 13, 2021
Return Version
2020v4.0
Gross Receipts
$204,354
Mission and Program Overview

Mission

To present the gospel of Jesus Christ through the broadcasting of Christian Music and Christian Teaching Programs to the people of the Southern Oregon Coast.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,782$127,707▲ $70,925
Land, Buildings, and Equipment, Net$112,345$104,754▼ $7,591
Other Notes and Loans Receivable, Net$44,029$20,967▼ $23,062
Investments in Publicly Traded Securities$15,773$16,238▲ $465
Intangible Assets$7,209$7,209→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$236,138$276,875▲ $40,737
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$147,073$124,458▼ $22,615
Unsecured Notes Loans Payable$2,703$32,390▲ $29,687
Total Liabilities$149,776$156,848▲ $7,072
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,362$120,027▲ $33,665
Total Net Assets Fund Balance$86,362$120,027▲ $33,665
Total Liabilities and Net Assets / Fund Balance$236,138$276,875▲ $40,737

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$60,616$167,517$228,133
Equipment$2,387$124,287$126,674
Land$41,751-$41,751
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick StevensStation ManagerFT$57,991$57,991

Board Members and Trustees

NameTitle
Robert J GormanPresident
Mike GaudetteVice-President
Dale HerringDirector
Steven GreigDirector
Harry AbelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$187,095
Program Service Revenue
$1,032
Investment Income
$466
Other Revenue
$13,502
All Other Contributions
$187,095
Change in Net Assets
$33,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$103,383
Other Expenses$65,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,192$5,799-$57,991
Other Salaries and Wages$32,362$3,596-$35,958
Payroll Taxes$6,952$773-$7,725
Depreciation Depletion$6,832$759-$7,591
Insurance$6,363$707-$7,070
Occupancy$6,004$667-$6,671
Interest$5,712$635-$6,347
Fees for Services Accounting-$6,210-$6,210
All Other Expenses$2,771$1,399-$4,170
Office Expenses-$4,049-$4,049
Pension Plan Contributions$1,538$171-$1,709
Other Expenses$793$793-$1,586
Advertising$1,520--$1,520
Total Functional Expenses$141,608$26,822$0$168,430
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bob GormanDirectorAccounting FeesNo$1,410

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Director Robert J. Gorman provides tax preparation services to Director Mike Gaudette and an LLC owned by Mike Gaudette and Director Harry Abel.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 will be reviewed by the board of directors at a regularly scheduled board meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request

Filing and Contact Details

Filer

Filer Name
K-Light Inc
EIN
94-3091130
Phone
5412692022
Address
580 Kingwood Ave, Coos Bay, OR 97420

Signing Officer

Name
Robert J Gorman
Title
President
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Gorman
Formed
1994
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
3
Employees
5
Volunteers
5

Preparer

Firm
Hmw Cpas & Associates LLC
Address
3690 BROADWAY, NORTH BEND, OR 97459
Preparer
Robert J Gorman
Phone
5412699338
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt033665
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04891
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0202095
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0187095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0136439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0122646
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0145687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0144789
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0736656
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0313
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0393
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0336
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02019
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt014534
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt051564
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt041395
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt041362
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt043000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0191855
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77420
IRS990ScheduleA/PublicSupportPY170Pct00.73520
IRS990ScheduleA/PublicSupportTotal170Amt0720420
IRS990ScheduleA/SubstantialContributorsTotAmt016236
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0187095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0136439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0122646
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0145687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0144789
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0736656
IRS990ScheduleA/TotalSupportAmt0930530
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt060616
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0167517
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0228133
IRS990ScheduleD/EquipmentGrp/BookValueAmt02387
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124287
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126674
IRS990ScheduleD/LandGrp/BookValueAmt041751
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041751
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0104754
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert J Gorman
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Bob Gorman
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01410
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Accounting Fees
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010693
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt110274
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Harry Abel
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Mgmt fee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Mgmt Fee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0103622
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt199558
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Mike Gaudette
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Robert Gorman provides tax preparation services to the entity.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleL/TotalBalanceDueAmt020967
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Director Robert J. Gorman provides tax preparation services to Director Mike Gaudette and an LLC owned by Mike Gaudette and Director Harry Abel.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 will be reviewed by the board of directors at a regularly scheduled board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.53$0.08$3.44$2.79$2.13$0.66
2023Detailed filing. Detailed filing data is available for this year.$2.84$0.26$2.59$2.54$2.02$0.53
2022Detailed filing. Detailed filing data is available for this year.$2.98$0.92$2.06$2.42$1.97$0.45
2021Detailed filing. Detailed filing data is available for this year.$2.65$1.05$1.60$2.39$1.91$0.49
2020Detailed filing. Detailed filing data is available for this year.$2.77$1.57$1.20$2.02$1.68$0.34
2019Detailed filing. Detailed filing data is available for this year.$2.36$1.50$0.86$1.91$1.73$0.19
2018Summary only. Only limited summary data is available for this year.$3.46$1.71$1.71$1.74$0.03
2017Summary only. Only limited summary data is available for this year.$3.79$2.01$1.78$1.87$1.72$0.15
2016Summary only. Only limited summary data is available for this year.$3.85$2.22$1.63$1.95$1.83$0.12
2015Summary only. Only limited summary data is available for this year.$4.13$2.62$1.51$2.33$1.67$0.66
2014Summary only. Only limited summary data is available for this year.$3.59$2.75$1.60$1.63$0.03
2013Summary only. Only limited summary data is available for this year.$3.81$2.96$1.81$1.66$0.15
2012Summary only. Only limited summary data is available for this year.$3.36$2.66$1.61$1.74$0.13
2011Summary only. Only limited summary data is available for this year.$3.37$2.53$1.73$2.37$0.65