Civic Intelligence

K-Light Inc.

990 • Fiscal year 2021 • EIN 94-3091130

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2022

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

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.44x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

65th percentile

20%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$58,929

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

33rd percentile

-4.2%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

18%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$265,239

Down $11,636 (-4.2%) from 2020

Net Assets

Up

$160,416

Up $40,389 (+34%) from 2020

Liabilities

Down

$104,823

Down $52,025 (-33%) from 2020

Revenue

Up

$239,062

Up $36,967 (+18%) from 2020

Expenses

Up

$190,514

Up $22,084 (+13%) from 2020

Net Income

Up

$48,548

Up $14,883 (+44%) from 2020

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

2021

Assets$265,239
Liabilities$104,823
Net Assets$160,416

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

2021

Revenue$239,062
Expenses$190,514
Net Income$48,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 3, 2022
Return Version
2021v4.0
Gross Receipts
$252,152
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$127,707$145,459▲ $17,752
Land, Buildings, and Equipment, Net$104,754$89,833▼ $14,921
Other Notes and Loans Receivable, Net$20,967$19,365▼ $1,602
Intangible Assets$7,209$7,209→ $0
Investments in Publicly Traded Securities$16,238$3,373▼ $12,865
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$276,875$265,239▼ $11,636
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$124,458$77,823▼ $46,635
Unsecured Notes Loans Payable$32,390$26,522▼ $5,868
Accounts Payable and Accrued Expenses-$478-
Total Liabilities$156,848$104,823▼ $52,025
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,027$160,416▲ $40,389
Total Net Assets Fund Balance$120,027$160,416▲ $40,389
Total Liabilities and Net Assets / Fund Balance$276,875$265,239▼ $11,636

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,022$174,981$223,003
Equipment$60$131,744$131,804
Land$41,751-$41,751
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick StevensStation ManagerFT$58,929$58,929

Board Members and Trustees

NameTitle
Robert J GormanPresident
Mike GaudetteVice-President
Joe HatzelDirector
Steven GreigDirector
Harry AbelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$194,163
Program Service Revenue
$18,664
Investment Income
$9,174
Other Revenue
$17,061
All Other Contributions
$161,003
Change in Net Assets
$48,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,756
Other Expenses$67,758
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$53,036$5,893-$58,929
Other Salaries and Wages$47,246$5,250-$52,496
Payroll Taxes$8,607$956-$9,563
Occupancy$6,612$735-$7,347
All Other Expenses$5,801$1,530-$7,331
Insurance$6,307$701-$7,008
Depreciation Depletion$6,087$676-$6,763
Fees for Services Accounting-$6,355-$6,355
Interest$4,399$489-$4,888
Advertising$3,862--$3,862
Office Expenses-$2,454-$2,454
Pension Plan Contributions$1,589$179-$1,768
Other Expenses$1,662$239-$1,662
Travel$696--$696
Total Functional Expenses$165,057$25,457$0$190,514
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
-DirectorsMgmt fees and land rentNo$18,000
Bob GormanDirectorAccounting FeesNo$1,555

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
2022-11-03
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
Kristina D Gochnour
Phone
5412699338
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Robert J Gorman
IRS990/PriorPeriodAdjustmentsAmt0-8159
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0515100
IRS990/ProgramServiceRevenueGrp/BusinessCd1515100
IRS990/ProgramServiceRevenueGrp/Desc0Good Neighbor Program
IRS990/ProgramServiceRevenueGrp/Desc1Radio Station Mtgmt Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04164
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04164
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0187095
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0466
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt065047
IRS990/PYOtherRevenueAmt013502
IRS990/PYProgramServiceRevenueAmt01032
IRS990/PYRevenuesLessExpensesAmt033665
IRS990/PYSalariesCompEmpBnftPaidAmt0103383
IRS990/PYTotalExpensesAmt0168430
IRS990/PYTotalRevenueAmt0202095
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt048548
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt014500
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0194163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0187095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0136439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0122646
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0145687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0786030
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0313
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0393
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01908
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt057764
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014534
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt051564
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt041395
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt041362
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0206619
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76930
IRS990ScheduleA/PublicSupportPY170Pct00.77420
IRS990ScheduleA/PublicSupportTotal170Amt0765104
IRS990ScheduleA/SubstantialContributorsTotAmt020926
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0194163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0187095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0136439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0122646
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0145687
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0786030
IRS990ScheduleA/TotalSupportAmt0994557
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/BookValueAmt048022
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0174981
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0223003
IRS990ScheduleD/EquipmentGrp/BookValueAmt060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0131804
IRS990ScheduleD/LandGrp/BookValueAmt041751
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041751
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089833
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/BusinessName/BusinessNameLine1Txt0Lightouse Radio Group
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Bob Gorman
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Directors
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01555
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt118000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Accounting Fees
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Mgmt fees and land rent
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt09876
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt19488
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

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