Nonprofit · EIN 86-3974607
LIGHT THE HOAN INC
Tax-exempt · MILWAUKEE, WI 53204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $558,460 | $611,847 | -$53,387 | $2,649,687 | $94,238 | $2,555,449 |
| December 31, 2023 | 990 | $739,411 | $259,437 | $479,974 | $513,647 | $457 | $513,190 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $350,929
- of which government grants
- $15,100
- Program service revenue
- $298,500
- Investment income
- $23,997
- Net income from fundraising events
- -$114,966
- Other revenue
- -$114,966
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $95,907
- Salaries, compensation and benefits (total)
- $103,054
- Professional fundraising fees
- $0
- Accounting fees
- $5,686
- Occupancy
- $13,454
- Travel
- $347
- Depreciation
- $320,361
- Program services (functional)
- $501,459
- Management and general (functional)
- $36,334
- Fundraising (functional)
- $74,054
Balance sheet and other
- Total assets, start of year
- $513,647
- Total assets, end of year
- $2,649,687
- Total liabilities, end of year
- $94,238
- Net assets, end of year
- $2,555,449
- Land, buildings and equipment
- $1,767,206
- Net assets without donor restrictions
- $2,529,163
- Net assets with donor restrictions
- $26,286
- Gross receipts
- $679,270
- Employees
- 1
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIKA SMITH | EXECUTIVE DIRECTOR Officer | 40 | $90,301 |
| MICHAEL HOSTAD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| IAN ABSTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREG MARSHALL | SECRETARY Trustee or director, Officer | 1 | $0 |
| JHAWN NEWMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| CANDACE FLORENCE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Erika Smith | Executive Director Trustee or director | 40 | $84,376 |
| Jhawn Newman | Director Trustee or director | 1 | $0 |
| Greg Marshall | Secretary Officer | 1 | $0 |
| Michael Hostad | President Officer | 8 | $0 |
| Ian Abston | Vice President Officer | 3 | $0 |
| Lori Richards | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 531 S WATER ST STE 2, MILWAUKEE, WI 53204-1647
- In care of
- % MICHAEL HOSTAD
- Principal officer (990 for 2024)
- MICHAEL HOSTAD, 531 S WATER ST 2, MILWAUKEE, WI 53204
- Signed the 990
- ERIKA SMITH, EXECUTIVE DIRECTOR
- Phone
- (414) 881-8258
- Website
- LIGHTTHEHOAN.COM
- Return prepared by
- RITZ HOLMAN LLP
Mission
LIGHT THE HOAN, INC. IS A COLLECTIVE OF LOCAL BUSINESS AND CIVIC LEADERS WHO HAVE JOINED FORCES TO ILLUMINATE THE DANIEL HOAN MEMORIAL BRIDGE. LIGHT THE HOAN, INC. PROGRAMS INCLUDE SHINE A LIGHT, INTERN CHALLENGE, CODE THE HOAN, AND HOANCOMING.
Program accomplishments
- THE ORGANIZATION ILLUMINATES THE HOAN BRIDGE IN HONOR OF VARIOUS OCCASIONS, TO SUPPORT OTHER NONPROFIT ORGANIZATIONS, TO HIGHLIGHT LOCAL BUSINESSES OR EVENTS, OR TO RAISE AWARENESS OF CAUSES.Expenses $501,459 · revenue $298,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3974607
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A27)
- Assets (IRS master file)
- $2,649,687
- Income (IRS master file)
- $679,270
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $558,460 | $611,847 | $2,649,687 | XML |
| 990 | December 2023 | $739,411 | $259,437 | $513,647 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3974607).
Questions about LIGHT THE HOAN INC
- What is the EIN of LIGHT THE HOAN INC?
- The employer identification number (EIN) of LIGHT THE HOAN INC is 86-3974607.
- Is LIGHT THE HOAN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LIGHT THE HOAN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIGHT THE HOAN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIGHT THE HOAN INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIGHT THE HOAN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIGHT THE HOAN INC?
- The 990 for the year ended December 31, 2024 names MICHAEL HOSTAD.
- Who are the officers and directors of LIGHT THE HOAN INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $90,301 (ERIKA SMITH, EXECUTIVE DIRECTOR).
- How much revenue does LIGHT THE HOAN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $558,460, expenses of $611,847 and total assets of $2,649,687 at year end.
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