Lighthouse Artcenter Inc
- Assets
- $5.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Tequesta, FL
- Founding
- 11/1969
- Data as of
- 06/2022
- EIN
- 59-1118672
Organization Overview
Lighthouse Artcenter Inc is located in Tequesta, FL. The organization was established in 1969. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Lighthouse Artcenter Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Artcenter 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 06/2022, Lighthouse Artcenter Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 12.4% per year over the past 3 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
LIGHTHOUSE ARTCENTER, INC. WAS FORMED TO PROVIDE THE VEHICLE THROUGH WHICH INTEREST IN THE CULTURAL ARTS COULD BE DEVELOPED AND ADVANCED. THIS OBJECTIVE IS ACCOMPLISHED THROUGH COURSES OF INSTRUCTION IN PAINTING, CERAMICS, SCULPTURE, ETC., THROUGH PERIODIC EXHIBITS OF VARIOUS ART FORMS BY QUALIFIED ARTISTS, THROUGH LECTURES, DEMONSTRATIONS, MOVIES AND VARIOUS FUNCTIONS DESIGNED TO ENCOURAGE CITIZENS OF THE COMMUNITY TO USE AND BENEFIT FROM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OF ART IS DESIGNED TO SERVE THE LIGHTHOUSE ART CENTER, INC. MEMBERSHIP AND COMMUNITY BY PROVIDING ART EXPERIENCES FOR AGES PRE-K AND UP THROUGH A VARIETY OF STUDIO PROGRAMS. THESE PROGRAMS ARE DESIGNED FOR ARTISTS AND THOSE WHO WOULD LIKE TO BE ARTISTS OF ALL SKILL LEVEL. COURSES ARE PROVIDED IN A BROAD VARIETY OF MEDIUMS.
EXHIBITIONS: THE LIGHTHOUSRE ARTCENTER PUTS ON ART EXHIBITIONS TO PROMOTE AND SUPPORT NATIONALLY RECOGNIZED, REGIONAL, AND LOCAL ARTISTS AS WELL AS MEMBER AND STUDENT ARTISTS FROM THE CENTER. ESTIMATED NUMBER OF EXHIBIT VISITORS WAS 300.
OUTREACH AND ART PROGRAMS FOR NONMEMBERS AND MEMBERS WHO ARE INTERESTED IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Politsch Cfo/ceo | OfficerTrustee | 50 | $234,877 |
Laurel Brower Director | Trustee | 2 | $0 |
Patricia Dealoia President | OfficerTrustee | 4 | $0 |
Robert Trevisani Director | Trustee | 2 | $0 |
Colette Meyers Esquire Director | Trustee | 2 | $0 |
Susan Bardin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,415 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,824,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,990,678 |
| Total Program Service Revenue | $611,083 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $167,208 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,771,436 |
| 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. | $294,749 |
| Compensation of current officers, directors, key employees. | $147,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,202 |
| 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 | $82,455 |
| Office expenses | $51,913 |
| Information technology | $29,470 |
| Royalties | $0 |
| Occupancy | $45,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $10,998 |
| Conferences, conventions, and meetings | $0 |
| Interest | $384,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,757 |
| Insurance | $12,479 |
| All other expenses | $170,765 |
| Total functional expenses | $2,390,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,005,416 |
| Savings and temporary cash investments | $552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $102,716 |
| Inventories for sale or use | $6,694 |
| Prepaid expenses and deferred charges | $16,873 |
| Net Land, buildings, and equipment | $2,718,558 |
| Investments—publicly traded securities | $290,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,972 |
| Other assets | $21,898 |
| Total assets | $5,206,164 |
| Accounts payable and accrued expenses | $64,775 |
| Grants payable | $0 |
| Deferred revenue | $96,451 |
| 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 | $2,200,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,361,530 |
| Net assets without donor restrictions | $2,545,734 |
| Net assets with donor restrictions | $298,900 |
| 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 | $5,206,164 |