Lighthouse Academies INC EIN 20-0332375

Lighthouse Academies INC

EIN  20-0332375 Public charity (501(c)(3)) Land O Lakes, FL Founded 2003
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowering scholars for college and career success with arts-infused learning and ongoing support.
Leadership
Bria Bass · Director
Money in and out
$298K revenue, $779K expenses
Bottom line
64% program efficiency

Empowering scholars for college and career success with arts-infused learning and ongoing support. For fiscal year 2024 it reported $298K in revenue, $779K in expenses, and $1.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$779K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$482K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36
Program efficiency
64%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
27.2mo
months of highly liquid reserves at operating expense rate▼ -26% vs prior filing year
Surplus margin
-162%
revenue over expenses, this year▲ +33% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$298K
FY2024▲ +36%
Expenses
$779K
FY2024▲ +4%
Total assets
$1.8M
FY2024▼ -21%
Total liabilities
$32K
FY2024▼ -30%
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$779K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$482K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $495K of program spending, described in the organization's own filed words · FY2024.
01

At lighthouse academies, we exist to ensure that all students have innovative choices when it comes to education. We do this by partnering with visionary schools nationwide, customizing solutions to help schools do what they do bestter.

$495Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLighthouse Academies INC
EINHdr · item D20-0332375
Principal addressHdr · item CLand O Lakes, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2003
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A

Monica Rivera’s $146K as CEO is at the 95th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Khori Whittaker$233,654$214,539
Sarah Gallagher$196,712$190,000$191,923$136,039
Jessica Beasley$147,750$155,769$121,691
Jerome Ballard$155,769$135,738
Monica Rivera$145,913$128,481$106,230
Karin McGuire$137,539$137,500$114,123
Lenisha Broadway Roberts$128,153
Lashawnda Noel$125,808$126,538$97,074

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$183K · 62%
Program service revenue$103K · 35%
Other revenue$11K · 4%
Investment income62%$183K
Program service revenue35%$103K
Other revenue4%$11K
Total revenueLn 12$298K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$495K
Management & general36%$284K
Total functional expensesLn 25$779K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$32K
Total net assetsLn 32$1.8M
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $779K
27.2 months
Where the money goes
Program services
Program services $495K · Total expenses $779K
64%
Management & General
Management & general $284K · Total expenses $779K
36%
Fundraising
Fundraising $0 · Total expenses $779K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $298K
0%
Government reliance
Government grants — · Total revenue $298K
Earned-income share
Program service revenue $103K · Total revenue $298K
35%
Investment reliance
Investment income $183K · Total revenue $298K
+62%
Program self-sufficiency
Program service revenue $103K · Total expenses $779K
13%
Growth & trend
Revenue growth (YoY)
This year $298K · Prior year $219K
+36%
Revenue CAGR
FY2019 $3.4M · FY2024 $298K
-38%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $298K · Expenses $779K
-162%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
94%
People & payroll
Highest Reported Total Compensation
Individual Bria Bass · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $779K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $620K · Total expenses $779K
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Revenue growth 36%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$219K revenue · ⤓ 990 PDF
FY2023$411K revenue · ⤓ 990 PDF
FY2022$4.3M revenue · ⤓ 990 PDF
FY2021$3.1M revenue · ⤓ 990 PDF
FY2020$3.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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