Light House

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EIN 86-1363394 Religious organization Pacific Jct, IA NTEE X20
Form 990 (PDF)

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Revenue & expenses by yearFY2023–FY2024
Revenue
$291K
FY2024▲ +11%
Expenses
$273K
FY2024▼ -7%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Provides free meals and community outreach, including soup nights and a Thanksgiving feast. For fiscal year 2024 it reported $291K in revenue, $273K in expenses, and $-662 in net assets.Pt I

Type
Religious organization · Religion
Location
Pacific Jct, IA
Website
thelh.org
Filings
2 on file (2023–2024)
Revenue
$291KFY2024
Expenses
$273K
Net assets
$-662
People
7
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Size
$100K–1M
What they do
Provides free meals and community outreach, including soup nights and a Thanksgiving feast.
Leadership
Tracey Colgrove · President · $28K
Money in and out
$291K revenue, $273K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$273K
Pt IX · Ln 25
Net assets
$-662
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01 Fundraising $0.00
Program efficiency
99%
of spending reaches programs+0.2% vs prior filing year
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate▲ +800% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +149% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$21K
FY2024▲ +656%
Total liabilities
$22K
FY2024▼ -20%
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$21K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLight House
EINHdr · item D86-1363394
Principal addressHdr · item CPacific Jct, IA
WebsiteHdr · item Jthelh.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1bpending
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$28,000Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Tracey Colgrove’s $28K as President is at the 26th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 1 named individual · Part VII

NameFY2024FY2023
Tracey Colgrove$28,000$19,064

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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Mission & Programs · Part III

Where the work happens

1 program service account for $271K of program spending, described in the organization's own filed words · FY2024.
01

Thanksgiving Free meal-fed 400 plus with 30 plus volunteers, assistance with small pantry & bread program, pay it forward feeding program, blessing menu, small group outreach, soup nights

$271Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$238K · 82%
Contributions & grants$53K · 18%
Program service revenue82%$238K
Contributions & grants18%$53K
Total revenueLn 12$291K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01 Fundraising $0.00
Program services99%$271K
Management & general1%$2K
Fundraising$200
Total functional expensesLn 25$273K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$21K
Total liabilitiesLn 26$22K
Total net assetsLn 32$-662
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21K · Operating expenses/yr $273K
0.9 months
Where the money goes
Program services
Program services $271K · Total expenses $273K
99%
Management & General
Management & general $2K · Total expenses $273K
0.8%
Fundraising
Fundraising $200 · Total expenses $273K
0.07%
Cost to raise $1
Fundraising expense (2-yr avg) $300 · Solicited contributions (2-yr avg) $28K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $291K
18%
Government reliance
Government grants $0 · Total revenue $291K
0%
Earned-income share
Program service revenue $238K · Total revenue $291K
82%
Investment reliance
Investment income $0 · Total revenue $291K
0%
Program self-sufficiency
Program service revenue $238K · Total expenses $273K
87%
Growth & trend
Revenue growth (YoY)
This year $291K · Prior year $263K
+11%
Net-asset trend (YoY)
End of year $-662 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $291K · Expenses $273K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $21K
—
Net-asset ratio
Net assets $-662 · Total assets $21K
-3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $21K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tracey Colgrove · Reported title President · Highest reported compensation $28K · Total expenses $273K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $154K · Total expenses $273K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.8%——
Fundraising cost ratio 0.4%——
Revenue growth 11%——
Legal fee ratio 0.10%——
Accounting fee ratio 0.4%——
Fundraising fee ratio 0.07%——

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.

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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 (Latest)$291K revenue · viewing · ⤓ 990 PDF
FY2023$263K 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
Names, privacy, and removal requests More

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