Save The Light Inc
- Assets
- $2.2m
- Revenue
- $895.9k
- Investments
- $0.0
- Employees
- 1
- Location
- James Island, SC
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 57-1078381
Organization Overview
Save The Light Inc is located in James Island, SC. The organization was established in 1999. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Save The Light 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 12/2022, Save The Light Inc generated $895.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $95.9k during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 8 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
PRESERVATION OF MORRIS LIGHTHOUSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PURPOSE OF SAVE THE LIGHT INC IS TO SAVE THE MORRIS ISLAND LIGHTHOUSE, (WHICH IS OWNED BY THE STATE OF SC). THIS PROJECT IS EXPECTED TO TAKE SEVERAL YEARS PRIMARILY DUE TO THE NECESSITY OF RAISING SUFFICIENT FUNDS. TO DATE WE HAVE SPENT IN EXCESS OF $6 MILLION ON PHASE ONE. THE NEXT PHASE WILL NOT BE IMPLEMENTED UNTIL SUFFICIENT FUNDS ARE RAISED. FUTURE EPENDITURES ARE ESTIMATED TO BE IN EXCESS OF $3 MILLION. DURING 2022 THERE WERE PROJECT EXPENDITURES MADE IN THE AMOUNT OF $800,000. IN 2022 THE BOARD OF DIRECTORS REQUESTED AND RECEIVED A CONTRIBUTION OF $800,000 FROM THE STATE OF SC.
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 |
|---|---|---|---|
Barry Mclaurin Treasurer | OfficerTrustee | 1 | $0 |
Richard Beck Vice Chairman | OfficerTrustee | 0 | $0 |
Denis Blyth Director | Trustee | 0 | $0 |
Jerry Smeltzer Director | Trustee | 0 | $0 |
Joyce Wickmann Director | Trustee | 0 | $0 |
Anne Peterson Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $800,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $826,941 |
| Total Program Service Revenue | $0 |
| Investment income | $2,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $895,929 |
| 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 | $39,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $699 |
| All other expenses | $0 |
| Total functional expenses | $95,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,147 |
| Savings and temporary cash investments | $2,165,947 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,174,094 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,174,094 |
| 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 | $2,174,094 |