Light House Studio Inc
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Charlottesville, VA
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 54-2033510
Organization Overview
Light House Studio Inc is located in Charlottesville, VA. The organization was established in 2001. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Light House Studio Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light House Studio 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 12/2023, Light House Studio Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $753.9k during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIGHT HOUSE STUDIO EQUIPS YOUNG PEOPLE WITH THE SKILLS AND CONFIDENCE TO TELL THEIR STORIES AND BUILD COMMUNITY THROUGH COLLABORATIVE FILMMAKING. WE SEEK TO FOSTER A COMMUNITY WHERE CHARLOTTESVILLES YOUNG PEOPLE FLOURISH AS STUDENTS, STORYTELLERS, AND CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FILMMAKING PROGRAMS FOCUS ON STORYTELLING, PERSONAL EXPRESSION AND FOSTERING MEDIA LITERACY. MIRRORING THE EXPLOSION OF YOUTH MEDIA NATIONALLY, OUR WORKSHOPS INCLUDE DOCUMENTARY, ANIMATION, NARRATIVE, EXPERIMENTAL FILM, MUSIC VIDEO AND VISUAL EFFECTS. WE CONDUCT ON SITE AND VIRTUAL KEEP IT REEL FILMMAKING WORKSHOPS IN PARTNERSHIP WITH CHARLOTTESVILLE HIGH SCHOOL, ALBEMARLE HIGH SCHOOL, LUGO MCGINNES, BOYS AND GIRLS CLUB, AND CENTER 1, TO NAME A FEW. IN 2023, LIGHT HOUSE TAUGHT 85 WORKSHOPS TO 1,258 STUDENTS RESILTING IN 353 COMPLETED FILMS; PARTNERED WITH 58 LOCAL NONPROFITS AND SCHOOLS; HAD 47 STUDENT FILMS ACCEPTED TO 38 DIFFERENT FILM FESTIVALS, WITH 13 AWARDS RECEIVED; AND PROVIDED MORE THAN 63% OF STUDENTS SCHOLARSHIPS ALLOWING THEM TO ATTEND AT FREE OR REDUCED COST. IN ADDITION, 3,548 PEOPLE VISITED THE VINEGAR HILL THEATRE ACROSS 50 EVENTS. THE MAJORITY OF THE EVENTS WERE FILM SCREENINGS OF INDEPENDENT DOCUMENTARY, NARRATIVE, AND ANIMATED FILMS, MANY CREATED BY OUR STUDENT FILMMAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Brozenske Treasurer | OfficerTrustee | 2 | $0 |
Rick Preve Director | Trustee | 2 | $0 |
Sarah Gray Parrish Director | Trustee | 2 | $0 |
Olivia Branch Director | Trustee | 2 | $0 |
Catherine Brown Chair,director | Trustee | 2 | $0 |
Elvira Tate Hoskins Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,797 |
| Related organizations | $0 |
| Government grants | $93,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $579,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,469 |
| Total Program Service Revenue | $270,653 |
| Investment income | $16,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,517 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,740 |
| 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. | $429,306 |
| Compensation of current officers, directors, key employees. | $68,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,534 |
| Payroll taxes | $30,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,874 |
| Advertising and promotion | $9,059 |
| Office expenses | $19,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,150 |
| 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 | $61,693 |
| Insurance | $9,303 |
| All other expenses | $12,985 |
| Total functional expenses | $753,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,289 |
| Savings and temporary cash investments | $748,303 |
| Pledges and grants receivable | $330,000 |
| Accounts receivable, net | $19,656 |
| 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 | $1,485 |
| Net Land, buildings, and equipment | $2,018,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,204,791 |
| Accounts payable and accrued expenses | $17,742 |
| Grants payable | $0 |
| Deferred revenue | $383 |
| 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 | $18,125 |
| Net assets without donor restrictions | $3,186,666 |
| 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 | $3,204,791 |