Lighthouse
Nonprofit profile at a glance
- EIN
- 363656310
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Lincoln, NE, USA
- Phone
- 4024753220
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $1,421,775
- Expenses
- $1,463,824
- Assets
- $1,722,933
- Liabilities
- $55,308
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- PETE ALLMAN (PRESIDENT)
Highest reported compensation
- BILL MICHENER (EXEC. DIR): $145,435 total reported compensation
- PETE ALLMAN (PRESIDENT): $67,430 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promotes the mental, physical, emotional and spiritual well-being of adolescents through a community based after-school program for youth in middle and high school
What it reported doing in 2024
Lighthouse provided educational services to local students, through cooperation with area schools, the juvenile justice system, parents, and other community resources. 43 unduplicated youth participated in 263 units of hands on training in the trades and industries pathways program, 511 hours of training were given to the youth
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 92% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 94
- Accountability: 96
- Sustainability: 37
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.5%; rating input score 87
- Program expense ratio: 84%; rating input score 84
- Fundraising efficiency: $28.08 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 86.5% of revenue deployed · 84% of spending went to programs
- Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $145K · 17 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
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 — Sustainability: Operating margin scored 28/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.
- Review — Grant Readiness: SAM / OFAC restrictions: this organization returned a name match close enough to need a human check before a grant is released.