LIGHTHOUSE FOUNDATION OF CHICAGOLAND

EIN: 863730708 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$1,598,779
Total Expenses
$1,155,415
Total Assets
$862,487
Net Assets
$779,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IL
Principal Officer
JAMIE FRAZIER
Phone
7737170661
Tax Period
2024-01-01 to 2024-12-31

LIGHTHOUSE FOUNDATION OF CHICAGOLAND, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $443K, a strong 28% operating margin.

Mission

The Lighthouse Foundation is a black, LGBTQ+-led, multiracial social justice organization that advances justice for black LGBTQ+ people through empowerment, education, and entertainment.

Program Service Accomplishments

Program 1
Expenses: $834,104

LIGHTHOUSE FOUNDATION OF CHICAGOLAND (LF) IS A BLACK LGBTQ+-LED MULTIRACIAL SOCIAL JUSTICE ORGANIZATION THAT ADVANCES JUSTICE FOR BLACK LGBTQ+ PEOPLE ACROSS CHICAGOLAND THROUGH EMPOWERMENT...

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LIGHTHOUSE FOUNDATION OF CHICAGOLAND (LF) IS A BLACK LGBTQ+-LED MULTIRACIAL SOCIAL JUSTICE ORGANIZATION THAT ADVANCES JUSTICE FOR BLACK LGBTQ+ PEOPLE ACROSS CHICAGOLAND THROUGH EMPOWERMENT, EDUCATION, AND ENTERTAINMENT.IN 2024, WE ENGAGED 1,987 PEOPLE THROUGH 36 COMMUNITY EVENTS AS PART OF THE FOLLOWING PROGRAMS: THE BLACK QUEER EQUITY INDEX (BQEI) IS A BLACK LGBTQ+ COMMUNITY LED PARTICIPATORY ACTION RESEARCH PROJECT TO ADDRESS HEALTH INEQUITIES THROUGH IMPROVING NONPROFIT WORKPLACES.LIFE GROUPS ARE PEER-TO-PEER GROUPS THAT MET REGULARLY TO FOSTER COMMUNITY FOR TWO MARGINALIZED SUB COMMUNITIES (20-30 YEAR OLDS AND 50+).OUR COALITION OF ACCOMPLICES FOR RACIAL EQUITY (CARE) IS MADE UP OF 16 CHURCHES AND COMMUNITY ORGANIZATIONS. CARE HELPED TO ORGANIZE A FUNDRAISER, BRUNCH, AND REVIVAL TO MOBILIZE ACCOMPLICES IN SUPPORT OF THE BQEI. SELF-CARE RECHARGE: WHERE WE FACILITATED FOR BIPOC LGBTQ+ CHICAGOANS HAVING THE OPPORTUNITY TO ACCESS CULTURALLY-RESPONSIVE RENEWAL SERVICES WITH BLACK LGBTQ+ VENDORS. WE DECIDED TO SPREAD BLACK QUEER PRIDE (BQP) OVER SEVERAL EVENTS THE YEAR AS CELEBRATION OF BLACK LGBTQ+ CULTURE AND A WAY TO PAY GIG WORKERS WHO WERE HARD HIT BY THE COVID-19 PANDEMIC. THIS INCLUDED OUR SKATE PARTY. OUR BLACK QUEER CAUCUS MET MONTHLY TO PLAN EVENTS. FROM LGBTQ FAMILY PLAY DATE, TO BI/PAN SOCIAL AND ACCESSIBLE SEX FOR ALL BODIES, THESE EVENTS FOSTERED EMPOWERMENT, SPIRITUAL WHOLENESS, AND COMMUNITY AS A DETERMINANT OF HEALTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,598,779
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,598,779

Expense Breakdown

Grants Paid $82,198
Salaries & Benefits $524,141
Fundraising Expenses $95,592
Program Expenses $834,104
Other Expenses $549,076
TOTAL EXPENSES $1,155,415

Year-over-Year Comparison

2024 2023 Change
Revenue $1,598,779 $1,022,758 +0.6%
Expenses $1,155,415 $730,807 +0.6%
Net Income $443,364 $291,951 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
4
Employees
7
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$118,594
Total Directors
6
$221,394
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE FRAZIER Executive Dir. 40.00
Officer Director
$118,594 $0 $118,594
ALLEN WOMBLE Director 40.00
Director
$102,800 $0 $102,800
KARLYN MEYER BOARD CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL STONE VICE CHAIR 2.00
Officer Director
$0 $0 $0
LESLIE RAMYK Director 2.00
Director
$0 $0 $0
SVJETLANA GRBIC Treasurer 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,598,779 $1,155,415 $862,487 $443,364
2023 $1,022,758 $730,807 $476,563 $291,951
2022 $540,001 $499,414 $157,410 $40,587
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