Lighthouse International
- Assets
- $32.1m
- Revenue
- $5.9m
- Investments
- $11.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1942
- Data as of
- 12/2022
- EIN
- 13-1096620
Organization Overview
Lighthouse International is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse International 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 12/2022, Lighthouse International generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $713.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL SERVICES THAT INSPIRE PEOPLE WHO ARE VISUALLY IMPAIRED TO ATTAIN THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LGI PARTNERSHIP WITH THE ADAPT COMMUNITY NETWORK PRESCHOOL CONTINUED WITH AN LGI TEACHER FOR THE VISUALLY IMPAIRED WORKING IN THE PRESCHOOL TO IDENTIFY AND TREAT CHILDREN WITH VISION LOSS, AND TO MODIFY THE SCHOOL ENVIRONMENT TO ACCOMMODATE STUDENTS WITH VISION IMPAIRMENT. THE MODEL INCLUDED THE DEVELOPMENT OF A TEACHER TRAINING PROGRAM TO FURTHER EXPAND EDUCATION FOR TEACHERS WORKING WITH CHILDREN WITH VISION IMPAIRMENT AND TO EXPAND LGI'S REACH.
YOUTH AND TEEN PROGRAMS INCLUDE REHABILITATION, EDUCATION, AND RECREATIONAL CLASSES AND ACTIVITIES TO INDIVIDUALS AGES 6-21, INCLUDING: A SATURDAY YOUTH SKILLS PROGRAM FOR THOSE AGED 6-13; A YOUTH TRANSITION PROGRAM FOR THOSE AGES 14-21; AND A YOUTH EMPLOYMENT PROGRAM FOR VISUALLY IMPAIRED STUDENTS WHO WISH TO SECURE PAYING JOBS IN THE COMMUNITY.
OTHER PROGRAMS - RESEARCH SUPPORT THE RESEARCH INSTITUTE TRANSLATES SCIENTIFIC FINDINGS AND TECHNOLOGICAL ADVANCES INTO PRACTICAL SOLUTIONS FOR PEOPLE LIVING WITH VISION LOSS TODAY. THE PISART AWARD IN VISION SCIENCE, AWARDED ANNUALLY, RECOGNIZES AN EARLY-CAREER VISION CLINICIAN-SCIENTIST WHOSE CONTRIBUTIONS TO VISION SCIENCE HAVE THE POTENTIAL FOR SUBSTANTIAL INFLUENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin W Roberts MD President & CEO | OfficerTrustee | 0 | $0 |
Paul D Misiti Chief Operating Officer | Officer | 0 | $0 |
Maura Sweeney Chief Prog. And Serv. Officer | Officer | 0 | $0 |
Brian Dever Chief Devel. Officer | Officer | 0 | $0 |
William H Seiple Chief Research Officer | Officer | 35 | $245,099 |
Melissa Rosenbaum Chief People Officer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
111 East 59th Street Jv Llc Real Estate | 12/30/16 | $1,157,850 |
National Recruiting Group Staffing | 12/30/16 | $151,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,170,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,740,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,910,445 |
| Total Program Service Revenue | $209,007 |
| Investment income | $929,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $806,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,855,693 |
| 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 | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,406 |
| Compensation of current officers, directors, key employees. | $269,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,876 |
| Pension plan accruals and contributions | $1,482 |
| Other employee benefits | $11,057 |
| Payroll taxes | $19,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,909 |
| Fees for services: Other | $13,457 |
| Advertising and promotion | $1,510 |
| Office expenses | $42,210 |
| Information technology | $4,818 |
| Royalties | $0 |
| Occupancy | $85,638 |
| Travel | $5,324 |
| 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 | $1,949 |
| Insurance | $7,218 |
| All other expenses | $487 |
| Total functional expenses | $713,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,579 |
| Savings and temporary cash investments | $8,345 |
| Pledges and grants receivable | $120,240 |
| Accounts receivable, net | $104,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,916 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,711 |
| Investments—publicly traded securities | $1,639,148 |
| Investments—other securities | $11,813,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,722,145 |
| Total assets | $32,050,922 |
| Accounts payable and accrued expenses | $1,093,535 |
| Grants payable | $0 |
| Deferred revenue | $6,702 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$22,737,748 |
| Total liabilities | -$21,637,511 |
| Net assets without donor restrictions | $22,903,307 |
| Net assets with donor restrictions | $30,785,126 |
| 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 | $32,050,922 |