Lighthouse Works Inc
- Assets
- $5.1m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 207
- Location
- Orlando, FL
- Founding
- 10/2015
- Data as of
- 09/2022
- EIN
- 27-4598398
Organization Overview
Lighthouse Works Inc is located in Orlando, FL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2022, Lighthouse Works Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Works 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 09/2022, Lighthouse Works Inc generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $15.6m during the year ending 09/2022. While expenses have increased by 15.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
CREATE CAREERS FOR BLIND OR VISUALLY IMPAIRED AMERICANS AND ENSURE BLIND OR VISUALLY IMPAIRED AMERICANS HAVE THE TOOLS THEY NEED TO LEAD PRODUCTIVE, INDEPENDENT LIVES, WHILE PURSUING THEIR DREAMS AND GOALS WITHOUT LIMITATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHTHOUSE WORKS PROVIDED EMPLOYMENT TO 252 BLIND OR VISUALLY IMPAIRED PEOPLE ACROSS THE NATION AND 237,609 HOURS OF LABOR FOR PEOPLE WITH VISUAL IMPAIRMENTS PROVIDING CONTACT CENTER SOLUTIONS, CONTRACT MANAGEMENT SERVICES, DIGITAL ACCESSIBILITY SERVICES, AND SUPPLY CHAIN SERVICES. APPROXIMATELY 75% OF LIGHTHOUSE WORKS' LABOR FORCE IS COMPOSED OF BLIND OR VISUALLY IMPAIRED INDIVIDUALS. NET PROFITS GENERATED FROM LIGHTHOUSE WORKS IS REDEPLOYED TO SUPPORT VISION REHABILITATION SERVICES AT LIGHTHOUSE CENTRAL FLORIDA AND TO EXPAND JOB CREATION AT LIGHTHOUSE WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Devine Board Chair | OfficerTrustee | 2 | $0 |
Ed Buck Vice Chair | OfficerTrustee | 2 | $0 |
Sharon Foley Secretary | OfficerTrustee | 1 | $0 |
Nancy Urbach Treasurer | OfficerTrustee | 2 | $0 |
Dave Ballesteros Director | Trustee | 1 | $0 |
Dave Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,835 |
| Total Program Service Revenue | $15,998,386 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,094,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $8,384,167 |
| Pension plan accruals and contributions | $93,524 |
| Other employee benefits | $437,692 |
| Payroll taxes | $512,277 |
| Fees for services: Management | $1,038,506 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $151,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,108 |
| Advertising and promotion | $144,143 |
| Office expenses | $55,829 |
| Information technology | $148,683 |
| Royalties | $0 |
| Occupancy | $161,951 |
| Travel | $31,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,397 |
| Interest | $22,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,952 |
| Insurance | $39,456 |
| All other expenses | $11,401 |
| Total functional expenses | $15,582,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,615,838 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,928 |
| Prepaid expenses and deferred charges | $387,311 |
| Net Land, buildings, and equipment | $341,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,002 |
| Other assets | $0 |
| Total assets | $5,092,101 |
| Accounts payable and accrued expenses | $896,312 |
| 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 | $240,000 |
| Secured mortgages and notes payable | $536,652 |
| Unsecured mortgages and notes payable | $440,000 |
| Other liabilities | $2,304,029 |
| Total liabilities | $4,416,993 |
| Net assets without donor restrictions | $675,108 |
| 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 | $5,092,101 |