Lighthouse Guild International Inc
- Assets
- $511.5m
- Revenue
- $10.6m
- Investments
- $128.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-4215298
Organization Overview
Lighthouse Guild International Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Guild International 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 12/2020, Lighthouse Guild International Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $18.7m during the year ending 12/2020. While expenses have increased by 16.1% 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
2020
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
LIGHTHOUSE GUILD INTERNATIONAL, INC. IS COMMITTED TO PREVENTING AND ADDRESSING VISION LOSS SO THAT INDIVIDUALS WITH OR AT RISK FOR VISION LOSS CAN LIVE FULLY AND INDEPENDENTLY. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin W Roberts MD President & CEO | OfficerTrustee | 47.87 | $1,063,834 |
Paul D Misiti COO | Officer | 39.04 | $432,742 |
Himanshu R Shah Thru 9321 Chief Financial Officer | Officer | 37.84 | $345,687 |
Brian Dever Chief Devel. Officer | Officer | 40 | $288,328 |
Joel G Levi Gc And Chief Comp. Officer | Officer | 29.81 | $252,974 |
Maura Sweeney Chief Prog. And Serv. Officer | Officer | 18.87 | $220,874 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Usa Llp Accounting | 12/30/21 | $262,728 |
Gilston Electrical Contracting Llc Electrician | 12/30/21 | $372,538 |
Marc Rosen Fundraising | 12/30/21 | $195,000 |
The Manners Dotson Group Marketing | 12/30/21 | $148,300 |
Gordon Herlands Randolph Cox Ll Legal | 12/30/21 | $104,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $201,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,525,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,727,761 |
| Total Program Service Revenue | $0 |
| Investment income | $6,721,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,449 |
| Net Rental Income | $404,935 |
| Net Gain/Loss on Asset Sales | $648,988 |
| Net Income from Fundraising Events | -$194,363 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,629,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $2,616,136 |
| Compensation of current officers, directors, key employees. | $2,616,136 |
| Compensation to disqualified persons | $79,280 |
| Other salaries and wages | $2,686,603 |
| Pension plan accruals and contributions | $1,449,562 |
| Other employee benefits | $554,840 |
| Payroll taxes | $358,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,103 |
| Fees for services: Accounting | $138,927 |
| Fees for services: Lobbying | $12,251 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,484,226 |
| Fees for services: Other | $1,392,379 |
| Advertising and promotion | $25,079 |
| Office expenses | $1,327,203 |
| Information technology | $457,484 |
| Royalties | $0 |
| Occupancy | $408,421 |
| Travel | $5,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$1,597 |
| Interest | $2,762,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,884,218 |
| Insurance | $985 |
| All other expenses | $59,599 |
| Total functional expenses | $18,735,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,947,889 |
| Savings and temporary cash investments | $7,869,433 |
| Pledges and grants receivable | $330,149 |
| 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 | $9,391 |
| Prepaid expenses and deferred charges | $1,934,225 |
| Net Land, buildings, and equipment | $117,068,591 |
| Investments—publicly traded securities | $253,706,375 |
| Investments—other securities | $128,204,340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $436,904 |
| Total assets | $511,507,297 |
| Accounts payable and accrued expenses | $19,276,024 |
| Grants payable | $0 |
| Deferred revenue | $292,348 |
| 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 | $191,563,053 |
| Unsecured mortgages and notes payable | $3,345,107 |
| Other liabilities | $384,505,450 |
| Total liabilities | $598,981,982 |
| Net assets without donor restrictions | -$90,069,800 |
| Net assets with donor restrictions | $2,595,115 |
| 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 | $511,507,297 |
Grants Awarded
Over the last fiscal year, Lighthouse Guild International Inc has awarded $13,775,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: VARIOUS PROGRAMS - TO SUPPORT THE OPERATIONS OF THE HEALTH CENTER, ADULT DAY CARE AND TECH CENTER PROGRAMS. THE HEALTH CENTER PROVIDED MEDICAL AND VISION CARE SERVICES TO APPROXIMATELY 3,400 PEOPLE DURING 2021. THE ADULT DAY CARE PROGRAM PROVIDED MEDICAL AND HEALTH MONITORING SERVICES TO APPROXIMATELY 230 PEOPLE WITH CHRONIC HEALTH CONDITIONS AND FUNCTIONAL IMPAIRMENTS DURING 2021. THE TECH CENTER IS THE LARGEST AND FOREMOST PREMIER ASSISTIVE TECHNOLOGY RESOURCE IN THE U.S., CONNECTING INNOVATORS AND USERS TO ADVANCE TECHNOLOGICAL DEVELOPMENT FOR PEOPLE WHO ARE VISUALLY IMPAIRED. | $5,910,800 |
New York, NY PURPOSE: BEHAVIORAL HEALTH - TO SUPPORT THE OPERATIONS OF THE BEHAVIORAL HEALTH PROGRAM WHICH CONSISTS OF A PSYCHIATRIC CLINIC WHICH PROVIDES TREATMENT OF BEHAVIORAL DISORDERS TO PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED, AT RISK FOR VISION LOSS, PHYSICALLY DISABLED, OR HAVE TRAUMATIC BRAIN INJURY. THE PSYCHIATRIC CLINIC PROVIDED BEHAVIORAL HEALTH SERVICES TO APPROXIMATELY 600 PEOPLE DURING 2021. | $3,179,900 |
New York, NY PURPOSE: VISION REHAB - TO SUPPORT THE OPERATIONS OF THE VISION REHABILITATION PROGRAM WHICH SERVED APPROXIMATELY 1,200 PEOPLE WHO ARE VISUALLY IMPAIRED DURING 2021. THE SERVICES PROVIDED BY THE VISION REHABILITATION PROGRAM INCLUDE ACADEMIC AND COMMUNICATION SKILLS TRAINING, ADAPTIVE TECHNOLOGY TRAINING, CAREER SERVICES THAT PREPARE PEOPLE FOR WORK, LIVING SKILLS TRAINING AND ORIENTATION AND MOBILITY INSTRUCTION. | $2,717,000 |
New York, NY PURPOSE: RESEARCH PROGRAM-TO SUPPORT RESEARCH STUDIES TO BETTER ASSIST IN THE DEVELOPMENT OF METHODOLOGIES, TECHNIQUES, AND TECHNOLOGY THAT ADVANCES THE TREATMENT AND MANAGEMENT OF VISION LOSS AND HELPS PEOPLE WITH VISION LOSS TO LIVE FULLER LIVES UNIMPAIRED BY THEIR VISION LOSS. | $1,968,000 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Lighthouse Guild International Inc has recieved totaling $410,250.
| Awarding Organization | Amount |
|---|---|
Block Freidman Family Foundation Inc New York, NY PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $100,000 |
Readers Digest Partners For Sight Foundation Mt Kisco, NY PURPOSE: INTERGENERATIONAL TECH TRAINING P'SHIP W/CYBER-SENIORS | $56,691 |
Estate Of George P Wakefield Residuary Trust Pittsburgh, PA PURPOSE: GENERAL OPERATING | $40,000 |
Estate Of George P Wakefield Residuary Trust Pittsburgh, PA PURPOSE: GENERAL OPERATING | $40,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $37,697 |
Arthur C Bunker Trust Uw Brooklyn, OH PURPOSE: GENERAL OPERATING | $34,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |
Jewish Federation Of Southern New Jersey Cherry Hill, NJ | $14,483,515 | $34,407,041 |
United Way Of The Greater Lehigh Valley Allentown, PA | $15,393,137 | $25,966,681 |