Light Homeschool Corporation
Nonprofit profile at a glance
- EIN
- 863893483
- IRS 990 coverage
- 2023–2023
- Forms available
- Form 990 2023, Form 990-N 2022
- Location
- Wichita, KS, USA
- Phone
- 3164134333
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $288,628
- Expenses
- $276,239
- Assets
- $34,122
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Kaely Bladsed (President)
People named in this filing
- Kaely Bladsed (President)
- Camala Nutter (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LIGHT Academy is a hybrid schooling option for families who desire the benefits of classroom learning, while maintaining the flexibility that homeschooling provides. Our program is designed to offer students the opportunities to grow academically, socially and cognitively, while experiencing the light and love of Jesus in the classroom setting.
What it reported doing in 2023
Light Academy served 170 students during 2024.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 81
- Accountability: 70
- Sustainability: 44
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.5%; rating input score 78
- Program expense ratio: 81%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.3%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 77.5% of revenue deployed · 81% of spending went to programs
- Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $224K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Review — Sustainability: Operating margin scored 51/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.