Overview
What is Beacon Lighthouse Inc?
Beacon Lighthouse Inc, located in Wichita Falls, Texas, is a dedicated nonprofit organization that primarily aims to improve the economic and personal independence of individuals who are blind or visually impaired. They achieve this objective primarily through employment opportunities in the manufacturing and sales of quality goods and services. The organization provides a wide range of supportive services, including employment, on-the-job training, job placements, recreational and social activities, work evaluations, and counseling. Notably, these services are offered free of charge to the beneficiaries. The nonprofit's mission is to empower its members, fostering a sense of self-reliance and independence within the community. With a team of 56 dedicated individuals, Beacon Lighthouse Inc continues to make significant strides in promoting and supporting the well-being of visually impaired individuals.
Official website here: www.beaconwf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Beacon Lighthouse Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's strong governance is reflected in its independent board, with 100% of members being independent. Furthermore, it boasts an excellent program expense ratio of 90.55%, suggesting that a significant portion of its funding is utilized for its programs rather than administrative costs.
However, the organization faced some challenges, particularly with financial transparency, as it did not provide its financial statements, which impacted its overall scoring in that category. Despite this limitation, there are indications of strong policies in place, such as conflict of interest, whistleblower, and document retention policies, which contribute to an overall positive governance framework.
User reviews from GreatNonprofits could not be fetched; therefore, the sentiments of past contributors and volunteers are not represented here. Nonetheless, the available Charity Navigator data shows strengths in governance and program expenditure, while highlighting areas for improvement in financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Lighthouse Inc legitimate?
Beacon Lighthouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Lighthouse Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $842,422
For more financial information, click here
Official website here: www.beaconwf.com
What is the mission statement of Beacon Lighthouse Inc?
Beacon Lighthouse Inc's mission is centered around enhancing the economic and personal independence of individuals who are blind or visually impaired. This is primarily achieved through employment opportunities in the manufacturing and sale of quality goods and services. The organization provides various services to its blind employees and senior citizens, including employment, on-the-job training, job placements, recreational and social opportunities, work evaluations, and counseling. Notably, these services are offered free of charge.
Official website here: www.beaconwf.com
Who is the CEO of Beacon Lighthouse Inc?
Judy Koetter is the Director of Beacon Lighthouse Inc.
Official website here: www.beaconwf.com
What is the revenue of Beacon Lighthouse Inc?
Beacon Lighthouse Inc's revenue in 2023 was $8,384,340.
Official website here: www.beaconwf.com
Who are the executives of Beacon Lighthouse Inc and what are their salaries?
The average compensation at Beacon Lighthouse Inc during 2023 was $15,043. There are 56 employees at Beacon Lighthouse Inc.
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Official website here: www.beaconwf.com
Where can I find the form 990 for Beacon Lighthouse Inc?
Beacon Lighthouse Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.beaconwf.com
Learn more at the official website: www.beaconwf.com
Mission Statement of Beacon Lighthouse Inc
Beacon Lighthouse Inc, a nonprofit organization, is dedicated to enhancing the economic and personal independence of individuals who are blind or visually impaired. This is primarily achieved through employment opportunities in the manufacturing and selling of quality goods and services. The primary mission of Beacon Lighthouse Inc is to empower its members by providing them with employment, on-the-job training, job placements, recreational and social opportunities, work evaluations, and counseling. These services are offered without any fees charged to the beneficiaries. The nonprofit's commitment to its mission is demonstrated by its provision of comprehensive support and resources to blind employees and senior citizens, aiming to foster their independence and integration into the workforce.
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Impact
October, 2024
Beacon Lighthouse Inc significantly enhances the economic and personal independence of individuals who are blind and visually impaired. By focusing on employment opportunities in the manufacturing and sales sectors, the organization provides vital resources such as on-the-job training, job placements, recreational and social opportunities, work evaluations, and counseling. These services are offered at no cost, ensuring accessibility for blind employees and senior citizens in the community.
Through its impactful programs, Beacon Lighthouse Inc not only fosters self-sufficiency among participants but also promotes inclusion and diversity in the workforce. The organization plays a crucial role in empowering individuals to achieve meaningful employment, ultimately enriching their lives and strengthening the broader community in Wichita Falls, TX.
This information is meant to be a general summary of Beacon Lighthouse Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,508
- Program Service Revenue: $7,941,060
- Gross Receipts: $8,384,340
Assets and Liabilities:
- Total Assets: $3,274,866
- Total Liabilities: $1,254,556
- Net Assets: $2,020,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES
Revenue
$4,232,008
FT SILL SALES
Revenue
$2,559,487
SAFB SALES
Revenue
$1,149,565
Organization Details
Founding Year
1974
Phone
(940) 767-0888Principal Officer
Judy Koetter
Main Address
300 7TH STREET, WICHITA FALLS, TX, 76301
Website
www.beaconwf.comNTEE Category
Code: G41Z - Disease
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