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Tax Status Governance Fund Raising Financial

Name:	Lighthouse Promise
Address:	5312 Shepherdsville Road
	Louisville, KY 40228
Phone:	502-964-5909
Web Address:	www.thelighthousecenter.org

Lighthouse Promise meets the 20 Standards for Charity Accountability.

The Lighthouse is located in a Newburg Neighborhood filled with drugs, gangs, crime, shootings, and bullies. Lighthouse is an approved & endorsed site for the JCPS "Every1Reads" program, It tutors/ mentors "at risk" children K through 10th grade in math, science, and computors. It offers these children classes in the arts; choir, dance, Karate, field trips, gardening, day & overnight camping, etc. Lighthouse also holds an annual "Safety Fair" and an annual free "Health Clinic" to give physical exams to both neighborhood children & adults.Lighthouse has been recognized by the Kentucky Department of Education as a 21st Century Community Learning Center. This is a 3 year partnership of KDE, Jefferson County Public Schools and Lighthouse. Lighthouse is to continue and expand its current after school and summer programs to gradually reach 250 school children who need extra tutoring and support. JCPS will support Lighthouse by supplying the children who need help, training suggestions & evaluation. KDE will supply financial help and training to cover a portion of the additional cost. Lighthouse through fundraisers,grants,gifts from Board Members, churches, and individuals will need to raise the balance. Since the children/parents do not have the ability to pay all programs are free of charge. Programs are available to all regardless of race, ethnicity, gender,special needs, or religious preferences.

For the fiscal year ended December 31, 2010, Lighthouse Promise's program expenses were:

Program services	120,149
Total Program Expenses:	$120,149

Chief Executive : Margaret Butler, Director

Compensation*:

$30,000

Chair of the Board: Dr. Rhoda Peters
Chair's Profession / Business Affiliation: Former United Methodist Church Conference Provost - Now Retired

Co-Chair of the Board : Steve Bays

Chair's Profession / Business Affiliation: Consultant Six Sigma

Board Size: 29

Paid Staff Size: 3

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

Fund raising methods include direct mail, invitations to fund raising events, print advertisements, grant proposals, and benefits.

Fund raising costs were 2% of related contributions. (Related contributions, which totaled $518,623, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Lighthouse Promise's audited financial statements for the year ending December 31, 2010. Ending net assets as reported below include $971,640 in unrestricted net assets and $216,276 in temporarily restricted net assets. Total assets as reported include $929,897 invested in capital assets, net of depreciation.

Source of Funds
Contributions and grants	507,562
Donated services and goods	11,061
Miscellaneous	2,133
Rental income	900
Interest income	369
Total Income	$522,025

Uses of Funds as a % of Total Expenses

Programs: 65%  Fund Raising: 5%  Administrative: 30%

Total income				$522,025
	Program expenses			$120,149
	Fund raising expenses			8,459
	Administrative expenses			55,856
Total expenses				$184,464
Income in Excess of Expenses				337,561
Beginning net assets				782,237
Ending net assets				1,119,798
Total liabilities				68,118
Total assets				$1,187,916

This report was originally issued in June 2009. Financial information in the report was updated in August 2011.