Cambridge Lighthouse Foundation Inc
- Assets
- $642.1k
- Revenue
- $94.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MD
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-3083123
Organization Overview
Cambridge Lighthouse Foundation Inc is located in Cambridge, MD. The organization was established in 2010. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge 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, Cambridge Lighthouse Foundation Inc generated $94.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $57.4k 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
TO MAINTAIN A REPLICA OF THE CHOPTANK RIVER LIGHTHOUSE IN THE CITY OF CAMBRIDGE MARINA, DESIGNED TO PROMOTE EDUCATION OF THE AREA'S CULTURE AND MARITIME HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN A REPLICA OF THE CHOPTANK RIVER LIGHTHOUSE IN THE CITY OF CAMBRIDGE MARINA, DESIGNED TO PROMOTE EDUCATION OF THE AREA'S CULTURE AND MARITIME HISTORY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Burton President | OfficerTrustee | 1 | $0 |
Cheryl Willey Secretary | OfficerTrustee | 1 | $0 |
Richard Harrington Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Grier Director | Trustee | 1 | $0 |
Nancy Johnson Director | Trustee | 1 | $0 |
Laurie Cowin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,684 |
| Total Program Service Revenue | $0 |
| Investment income | $14,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,908 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $642 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,563 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $907 |
| Office expenses | $717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,604 |
| All other expenses | $815 |
| Total functional expenses | $57,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,315 |
| Savings and temporary cash investments | $38,301 |
| 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 | $1,450 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $527,038 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $642,104 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,500 |
| Total liabilities | $13,500 |
| Net assets without donor restrictions | $41,566 |
| Net assets with donor restrictions | $587,038 |
| 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 | $642,104 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cambridge Lighthouse Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Pauline F And W David Robbins Charitable Foundation Cambridge, MD PURPOSE: MISS POLLY UPKEEP & MAINTENANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
American Historical Association Washington, DC | $10,775,431 | $4,710,138 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Grand Opera House Inc Wilmington, DE | $14,790,071 | $4,641,667 |