Lighthouse Works Inc
- Assets
- $905.5k
- Revenue
- $614.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Fishers Island, NY
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-0865290
Organization Overview
Lighthouse Works Inc is located in Fishers Island, NY. The organization was established in 2013. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lighthouse Works Inc employed 3 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 12/2021, Lighthouse Works Inc generated $614.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $494.6k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LIGHTHOUSE WORKS IS DEVOTED TO ENCOURAGING THE DEVELOPMENT OF ARTISTS THROUGH A FELLOWSHIP PROGRAM AND TO THE YEAR AROUND CULTURAL VITALITY OF FISHERS ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIGHTHOUSE WORKS IS DEVOTED TO ENCOURAGING THE DEVELOPMENT OF ARTISTS THROUGH A FELLOWSHIP PROGRAM AND TO THE YEAR ROUND CULTURAL VITALITY OF FISHERS ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Burnham Vice Preside | OfficerTrustee | 4 | $0 |
Mary Burnham President | OfficerTrustee | 4 | $0 |
Arthur Kuijpers Treasurer | OfficerTrustee | 4 | $0 |
Marnie Franklin Director | Trustee | 2 | $0 |
Molly O'neil Frank Director | Trustee | 2 | $0 |
Ella Foshay Director | Trustee | 2 | $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 | $601,969 |
| Noncash contributions included in lines 1a–1f | $25,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $601,969 |
| Total Program Service Revenue | $12,677 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $614,054 |
| 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 | $163,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,765 |
| 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 | $3,900 |
| Advertising and promotion | $0 |
| Office expenses | $18,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,033 |
| Travel | $9,887 |
| 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 | $13,949 |
| Insurance | $2,027 |
| All other expenses | $44,589 |
| Total functional expenses | $494,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,357 |
| Savings and temporary cash investments | $484,043 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $381,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $905,482 |
| 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 | $3,471 |
| Total liabilities | $3,471 |
| Net assets without donor restrictions | $878,414 |
| Net assets with donor restrictions | $23,597 |
| 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 | $905,482 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Lighthouse Works Inc has recieved totaling $180,653.
| Awarding Organization | Amount |
|---|---|
Mccance Foundation Tr North Scituate, MA PURPOSE: GENERAL SUPPORT | $71,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $29,653 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $25,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR 10TH ANNIVERSARY FUND | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $10,000 |
Frederic C Hamilton Family Foundation Centennial, CO PURPOSE: FELLOWSHIP PROGRAM | $6,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Franklin Institute Philadelphia, PA | $191,202,786 | $32,040,912 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |