Ponce De Leon Inlet Lighthouse Preservation Association Inc
- Assets
- $7.9m
- Revenue
- $2.4m
- Investments
- $265.1k
- Employees
- 32
- Location
- Ponce Inlet, FL
- Founding
- 03/1973
- Data as of
- 09/2021
- EIN
- 23-7258586
Organization Overview
Ponce De Leon Inlet Lighthouse Preservation Association Inc is located in Ponce Inlet, FL. The organization was established in 1973. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Ponce DE Leon Inlet Lighthouse Preservation Association Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ponce DE Leon Inlet Lighthouse Preservation Association 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 09/2021, Ponce DE Leon Inlet Lighthouse Preservation Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. 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 PONCE DELEON INLET LIGHTHOUSE PRESERVATION ASSOCIATION, INC. IS DEDICATED TO THE PRESERVATION AND DISSEMINATION OF THE MARITIME AND SOCIAL HISTORY OF PONCE DELEON INLET LIGHT STATION. THE ASSOCIATION PRESERVES AND MAINTAINS THE LIGHTHOUSE HISTORICAL SITE, THE BUILDINGS AND GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATIONS ACHIEVEMENTS INCLUDE DEVELOPMENT, RESTORATION, IMPROVEMENT AND OPERATIONS OF THE PONCE DELEON INLET LIGHTHOUSE RESERVATION AND HISTORICAL SITE. 111,269 ADULTS AND 18,323 CHILDREN WERE SERVED DURING THE FISCAL YEAR. ADDITIONALLY, THE ASSOCIATION, THROUGH ITS EDUCATIONAL AND COMMUNITY OUTREACH PROGRAMS, PROVIDED EDUCATIONAL PROGRAMMING AND PROMOTED CULTURAL AWARENESS OPPORTUNITIES TO AN ADDITIONAL ESTIMATED 4,472 ADULTS AND 1,402 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Gunnlaugsson Executive Dir. | Trustee | 40 | $98,364 |
Tara Lamb President | Officer | 0 | $0 |
David Sweat Vice President | Officer | 0 | $0 |
Cheryl Cunningham Secretary | Officer | 0 | $0 |
Bob Riggio Vice President | Officer | 0 | $0 |
Judy Huggins Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52,615 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $740,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,064,933 |
| Total Program Service Revenue | $779,865 |
| Investment income | $2,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $569,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,417,657 |
| 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. | $97,639 |
| Compensation of current officers, directors, key employees. | $4,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,680 |
| Payroll taxes | $44,400 |
| 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 | $28,399 |
| Advertising and promotion | $41,304 |
| Office expenses | $17,134 |
| Information technology | $9,782 |
| Royalties | $0 |
| Occupancy | $24,333 |
| Travel | $0 |
| 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 | $110,546 |
| Insurance | $104,875 |
| All other expenses | $6,155 |
| Total functional expenses | $1,104,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,700 |
| Savings and temporary cash investments | $2,089,051 |
| 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 | $196,318 |
| Prepaid expenses and deferred charges | $38,009 |
| Net Land, buildings, and equipment | $5,211,114 |
| Investments—publicly traded securities | $58,166 |
| Investments—other securities | $265,144 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,703 |
| Total assets | $7,863,205 |
| Accounts payable and accrued expenses | $45,956 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,000,299 |
| Total liabilities | $1,046,255 |
| Net assets without donor restrictions | $6,479,760 |
| Net assets with donor restrictions | $337,190 |
| 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 | $7,863,205 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ponce De Leon Inlet Lighthouse Preservation Association Inc has recieved totaling $1,124.
| Awarding Organization | Amount |
|---|---|
Vyuha Inc Miramar, FL PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Endowment Analysis
| Beg. Balance | $794,995 |
| Earnings | -$23,538 |
| Net Contributions | $727,710 |
| Other Expense | $218,082 |
| Ending Balance | $1,281,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Holocaust Documentation & Education Center Inc Dania Beach, FL | $7,248,445 | $3,037,559 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
Birmingham Landmarks Inc Birmingham, AL | $19,773,714 | $5,790,152 |
Alabama Historic Ironworks Commission Mccalla, AL | $4,360,177 | $2,386,256 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Foundation Of Palm Beach Inc Palm Beach, FL | $27,182,699 | $14,785,747 |
Key West Art & Historical Society Inc Key West, FL | $3,638,372 | $2,771,144 |
Historic Westville Inc Columbus, GA | $12,453,096 | $665,726 |
Historical Society Of Martin County Inc Stuart, FL | $13,078,765 | $1,282,990 |
Tybee Island Historical Society Inc Tybee Island, GA | $6,056,946 | $1,662,737 |
Brevard Regional Arts Groups Inc Melbourne, FL | $2,769,843 | $1,580,932 |