Overview
What is Lighthouse Children's Home Inc?
Lighthouse Children's Home Inc is a compassionate nonprofit organization situated in Paducah, Kentucky, specifically at 910 Broadway St. Their mission is to break the cycle of homelessness for women and children by offering temporary shelter, nutritious meals, and educational training. With a dedicated team of just two employees, this organization strives to provide a supportive environment for those in need, aiming to foster stability and self-sufficiency.
Official website here: www.mayfieldlighthouse.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Lighthouse Children's Home Inc has received a two-star rating from Charity Navigator, indicating that while the organization performs well in certain areas, there are significant improvements needed in governance and transparency. The organization boasts a perfect score in accountability and finance, highlighting effective asset management and a strong independent board. However, crucial policies such as conflict of interest, whistleblower protection, and document retention are absent, which raises concerns about operational transparency.
The organization has a strong program expense ratio at 70.59%, indicating that a substantial portion of its expenses is directed towards its mission-related activities. A low liabilities to assets ratio of 0.00% further suggests fiscal stability. Despite these strengths, the lack of essential policies and missing information on their website detracts from overall trust and accountability, which are vital for sustaining donor confidence and community support.
In summary, while Lighthouse Children's Home Inc shows promise with its financial management and board independence, it faces significant challenges in governance and transparency that need to be addressed to enhance its overall rating and effectiveness. Addressing these limitations will be critical for the organization to fully realize its mission and improve its standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Children's Home Inc legitimate?
Lighthouse Children's Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Children's Home 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: $9,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,665
For more financial information, click here
Official website here: www.mayfieldlighthouse.org/
What is the mission statement of Lighthouse Children's Home Inc?
Lighthouse Children's Home Inc's mission is centered around breaking the cycle of homelessness for women and children. They achieve this by offering temporary shelter, providing nutritious meals, and offering educational and vocational training. The organization's goal is to empower these individuals, helping them regain their footing and build a stable future. By offering financial assistance, they aim to alleviate some of the financial burdens that contribute to homelessness. Overall, Lighthouse Children's Home Inc is dedicated to providing a supportive environment and resources to help homeless women and children overcome their circumstances and rebuild their lives.
Official website here: www.mayfieldlighthouse.org/
Who is the CEO of Lighthouse Children's Home Inc?
Justin Carrico is the Director of Lighthouse Children's Home Inc.
Official website here: www.mayfieldlighthouse.org/
What is the revenue of Lighthouse Children's Home Inc?
Lighthouse Children's Home Inc's revenue in 2022 was $547,452.
Official website here: www.mayfieldlighthouse.org/
Who are the executives of Lighthouse Children's Home Inc and what are their salaries?
The average compensation at Lighthouse Children's Home Inc during 2022 was $7,332. There are 2 employees at Lighthouse Children's Home Inc.
Here are 5 key members and their salaries:
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mayfieldlighthouse.org/
Where can I find the form 990 for Lighthouse Children's Home Inc?
Lighthouse Children's Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mayfieldlighthouse.org/
Learn more at the official website: www.mayfieldlighthouse.org/
Mission Statement of Lighthouse Children's Home Inc
Lighthouse Children's Home Inc is a nonprofit organization dedicated to breaking the cycle of homelessness in the lives of women and children. It achieves this mission by offering temporary shelter, food, and training to those in need. The primary goal of the organization is to provide a safe and supportive environment for homeless women and children, enabling them to regain their footing and build a better future. Within its facilities, Lighthouse Children's Home Inc offers financial assistance and vocational training to help its residents transition out of homelessness and become self-sufficient. The organization's ultimate aim is to empower these women and children to break the cycle of poverty and homelessness, ensuring a brighter and more stable future for themselves and their families.
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Impact
July, 2024
Lighthouse Children's Home Inc's impact is significant as it aims to stop the cycle of homelessness in the lives of women and children by providing temporary shelter, food, financial assistance, and training. Located in Paducah, Kentucky, their mission is dedicated to supporting homeless individuals and families in need. Through their work, they offer crucial resources and support to help those facing homelessness rebuild their lives and secure a brighter future.
This information is meant to be a general summary of Lighthouse Children's Home 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 2022.
- Investment Income: $578
- Gross Receipts: $547,452
Assets and Liabilities:
- Total Assets: $1,069,231
- Total Liabilities: $1,400
- Net Assets: $1,067,831
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Organization Details
Founding Year
1999
Principal Officer
Justin Carrico
Main Address
910 Broadway St, Paducah, KY, 42001
Website
www.mayfieldlighthouse.org/NTEE Category
Code: X21 - Religion related
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