The Rose Island Lighthouse Foundation Inc
- Assets
- $1.6m
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Newport, RI
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 05-0416357
Organization Overview
The Rose Island Lighthouse Foundation Inc is located in Newport, RI. The organization was established in 1986. 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, Rose Island Lighthouse Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose Island Lighthouse Foundation Inc 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, Rose Island Lighthouse Foundation Inc generated $200.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $307.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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 ROSE ISLAND LIGHTHOUSE AND FORT HAMILTON TRUST IS A NOT-FOR-PROFIT CORPORATION WHOSE MISSION IS TO PRESERVE THE HISTORIC AND ENVIRONMENTAL INTEGRITY OF ROSE ISLAND. IT OPERATES TO MAINTAIN AND PRESERVE THE ROSE ISLAND LIGHTHOUSE AS A HISTORIC MONUMENT, TO PROVIDE EDUCATION AND PUBLIC ACCESS FOR ALL PEOPLE, AND TO PRESERVE THE SURROUNDING GROUNDS OF THE ISLAND AS A NATURAL HABITAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF ADULTS AND CHILDREN IN THE AREAS OF MARITIME HISTORY, PRESERVATION AND RESOURCE CONSERVATION INCLUDING THE EXPERIENCE OF STAYING AT ROSE ISLAND LIGHTHOUSE AND USING ITS ENVIRONMENTALLY "GREEN" FACILITIES OR TO HAVE THE OPPORTUNITY TO FUNCTION AS LIGHTHOUSE KEEPER.
PRESERVATION AND RESTORATION OF ROSE ISLAND LIGHTHOUSE, FORT HAMILTON BARRACKS AND ISLAND ENVIRONMENT INCLUDING CAPITAL PROJECTS FOR RESTORATION OF ALL STRUCTURES AND IMPROVING PUBLIC ACCESS. MAINTAINING THE NATURAL ENVIRONMENTAL INTEGRITY OF THE REMAINING ISLAND AREA AS NATURAL HABITAT FOR WILD LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Tefft Executive Director | Officer | 35 | $17,250 |
Eli Dana Vice President | OfficerTrustee | 1 | $0 |
Lisa Morrison President | OfficerTrustee | 1 | $0 |
Kate Karle Secretary | OfficerTrustee | 1 | $0 |
Joseph Tamburo Treasurer | OfficerTrustee | 1 | $0 |
Ally Maloney Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,319 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,843 |
| Total Program Service Revenue | $93,063 |
| Investment income | $65 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,775 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,019 |
| 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. | $17,250 |
| Compensation of current officers, directors, key employees. | $6,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,682 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,214 |
| Advertising and promotion | $0 |
| Office expenses | $26,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,499 |
| Travel | $6,430 |
| 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 | $48,381 |
| Insurance | $15,037 |
| All other expenses | $10,472 |
| Total functional expenses | $307,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,684 |
| Savings and temporary cash investments | $112,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,908 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,437,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,596,234 |
| Accounts payable and accrued expenses | $287,455 |
| 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 | $103,700 |
| Unsecured mortgages and notes payable | $11,248 |
| Other liabilities | $46,735 |
| Total liabilities | $449,138 |
| Net assets without donor restrictions | $1,127,096 |
| Net assets with donor restrictions | $20,000 |
| 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 | $1,596,234 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Rose Island Lighthouse Foundation Inc has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
Iyrs School Of Technology & Trades Newport, RI | $24,395,751 | $5,182,625 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |
Preserve Rhode Island Providence, RI | $13,128,578 | $4,482,092 |