Lighthouse Personalized Education For Teens
- Assets
- $544.2k
- Revenue
- $579.2k
- Investments
- $285.4k
- Employees
- 27
- Location
- Holyoke, MA
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 47-2357416
Organization Overview
Lighthouse Personalized Education For Teens is located in Holyoke, MA. The organization was established in 2015. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2021, Lighthouse Personalized Education For Teens employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Personalized Education For Teens 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 06/2021, Lighthouse Personalized Education For Teens generated $579.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $441.8k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT YOUNG PEOPLE IN DISCOVERING AND CREATING THEIR BEST POSSIBLE SELVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHTHOUSE PERSONALIZED EDUCATION FOR TEENS IS A NON-PROFIT ORGANIZATION THAT PROVIDES EDUCATION FOR TEENS AGES 13-18 IN A PERSONALIZED, STUDENT-CENTERED ENVIRONMENT. THE PRIMARY GOAL OF LIGHTHOUSE IS TO FOSTER A SPACE WHERE YOUNG PEOPLE CAN BE AUTHENTIC, CREATIVE, SAFE, AND INSPIRED, WHILE BUILDING TRUSTING RELATIONSHIPS TO SUPPORT THEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Gobron Executive Director | Officer | 40 | $75,201 |
Laurie Herrick President | OfficerTrustee | 2 | $0 |
Insiyah Mohammad Bergeron Secretary | OfficerTrustee | 2 | $0 |
Intiya Isaza-Figueroa Treasurer | OfficerTrustee | 2 | $0 |
Adam Baker Treasurer | OfficerTrustee | 2 | $0 |
Jacqui Defelice Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,814 |
| Total Program Service Revenue | $355,086 |
| Investment income | $4,189 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,223 |
| 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. | $75,201 |
| Compensation of current officers, directors, key employees. | $18,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,765 |
| Payroll taxes | $23,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,643 |
| Advertising and promotion | $118 |
| Office expenses | $8,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,348 |
| Travel | $195 |
| 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 | $7,309 |
| Insurance | $5,845 |
| All other expenses | $4,534 |
| Total functional expenses | $441,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,551 |
| Savings and temporary cash investments | $0 |
| 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 | $100,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $285,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $544,211 |
| Accounts payable and accrued expenses | $77,665 |
| 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 | $0 |
| Total liabilities | $77,665 |
| Net assets without donor restrictions | $466,546 |
| 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 | $544,211 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lighthouse Personalized Education For Teens has recieved totaling $52,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: HUMAN SERVICES | $31,000 |
Mass Mentoring Partnership Inc Boston, MA PURPOSE: TO START OR EXPAND YOUTH MENTORING PROGRAMS ACCORDING TO CURRENT BEST PRACTICES AND FOR PURPOSES INCLUDING ADVANCING ACADEMIC PERFORMACE, SELF-ESTEEM, SOCIAL COMPENTENCE AND WORKFORCE DEVELOPMENT. | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |
Kimi Nichols Center Plaistow, NH | $2,742,152 | $7,599,619 |
University At Buffalo Student Association Inc Buffalo, NY | $6,243,803 | $4,544,119 |