American Lighthouse Foundation
- Assets
- $2.3m
- Revenue
- $410.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Rockland, ME
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 01-0499730
Organization Overview
American Lighthouse Foundation is located in Rockland, ME. The organization was established in 1996. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, American Lighthouse Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Lighthouse Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Lighthouse Foundation generated $410.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $568.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN LIGHTHOUSE FOUNDATION IS TO SAVE AND PRESERVE OUR NATION'S HISTORIC LIGHT STATIONS AND THEIR RICH HERITAGE. THIS WILL BE ACCOMPLISHED THROUGH THE RESTORATION, PROMOTION, AND ADAPTIVE RE-USE OF AMERICA'S HISTORIC LIGHT STATIONS, AS WELL AS EDUCATIONAL INITIATIVES THAT FOSTER THE SUSTAINABLE PRESERVATION OF LIGHTHOUSES AND PERPETUATE THE LEGACY OF THE MEN AND WOMEN WHO HAVE TENDED THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION AND MAINTENANCE OF LIGHTHOUSES AS HISTORICAL AND EDUCATIONAL SITES, TEACHING LIGHTHOUSE AND MARITIME HISTORY, AND PRESERVATION AND SAVING ARTIFACTS IN A MUSEUM FOR ALL THE PUBLIC TO ENJOY AND LEARN FROM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Trapani Jr Executive Di | Officer | 45 | $64,175 |
Ann-Marie Trapani Associate Di | Officer | 45 | $38,524 |
Ross Tracy 1st Vice Pre | OfficerTrustee | 1 | $0 |
Brad Coupe 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Alan S Ells Treasurer | OfficerTrustee | 1 | $0 |
Marty Welt Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,135 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,126 |
| Total Program Service Revenue | $4,515 |
| Investment income | $5,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $3,606 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,243 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,657 |
| Compensation of current officers, directors, key employees. | $73,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135 |
| Fees for services: Accounting | $2,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,022 |
| Advertising and promotion | $2,223 |
| Office expenses | $25,784 |
| Information technology | $9,690 |
| Royalties | $0 |
| Occupancy | $37,677 |
| Travel | $1,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,241 |
| Insurance | $23,159 |
| All other expenses | $0 |
| Total functional expenses | $568,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,654 |
| Savings and temporary cash investments | $132,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,418 |
| Prepaid expenses and deferred charges | $2,841 |
| Net Land, buildings, and equipment | $206,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,713,122 |
| Total assets | $2,266,614 |
| Accounts payable and accrued expenses | $9,684 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,399 |
| Total liabilities | $70,717 |
| Net assets without donor restrictions | $2,195,897 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,266,614 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Lighthouse Foundation has recieved totaling $44,093.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL SUPPORT; GENERAL OPERATING | $35,635 |
The Rhode Island Community Foundation Providence, RI PURPOSE: PROGRAM SUPPORT | $8,182 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Endowment Analysis
| Beg. Balance | $136,669 |
| Earnings | $28,127 |
| Admin Expense | $1,252 |
| Other Expense | $5,635 |
| Ending Balance | $157,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pineland Farms Inc New Gloucester, ME | $0 | $7,727,361 |
Friends Of Katahdin Woods And Waters Portland, ME | $3,235,909 | $4,395,380 |
Castle Preservation Society Moultonborough, NH | $5,902,914 | $2,624,802 |
New Hampshire Preservation Alliance Concord, NH | $1,795,974 | $996,866 |
Sanborn Mills Inc Loudon, NH | $9,770,900 | $2,099,813 |
Redington Memorial Home Skowhegan, ME | $5,676,421 | $807,313 |
Plant Memorial Home Bath, ME | $3,482,192 | $671,466 |
Northeast Historic Film Bucksport, ME | $2,734,855 | $505,796 |
American Lighthouse Foundation Rockland, ME | $2,266,614 | $410,919 |
Kaler-Vaill Memorial Home Scarborough, ME | $8,374,987 | $683,742 |
Rochester Opera House Inc Rochester, NH | $977,163 | $769,630 |
Brooks Preservation Society Unity, ME | $1,366,306 | $367,590 |