Lighthouse For The Blind Of Palms Beaches Inc
- Assets
- $5.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 25
- Location
- West Palm Beach, FL
- Founding
- 02/1949
- Data as of
- 12/2023
- EIN
- 59-6008622
Organization Overview
Lighthouse For The Blind Of Palms Beaches Inc is located in West Palm Beach, FL. The organization was established in 1949. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Lighthouse For The Blind Of Palms Beaches Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse For The Blind Of Palms Beaches 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, Lighthouse For The Blind Of Palms Beaches Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES, INC.S MISSION IS TO ASSIST PERSONS WITH VISUAL IMPAIRMENTS TO DEVELOP THEIR CAPABILITIES TO THE FULLEST AND TO UTILIZE THEM IN THE PURSUITS OF LIFE WHICH ARE THE RIGHT AND PRIVILEGE OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHTHOUSE FOR THE BLIND OF THE PALM BEACHES, INC.S MISSION IS TO ASSIST PERSONS WITH VISUAL IMPAIRMENTS TO DEVELOP THEIR CAPABILITIES TO THE FULLEST AND TO UTILIZE THEM IN THE PURSUITS OF LIFE WHICH ARE THE RIGHT AND PRIVILEGE OF ALL. LIGHTHOUSE SERVES INDIVIDUALS OF ALL AGES WITH VISION LOSS OR BLINDNESS, RESIDING IN PALM BEACH, MARTIN, ST. LUCIE, OKEECHOBEE, AND INDIAN RIVER COUNTIES. LIGHTHOUSE OFFERS ORIENTATION AND MOBILITY TRAINING, ACTIVITIES OF DAILY LIVING, ASSISTIVE TECHNOLOGY, ADJUSTMENT TO BLINDNESS AND COMPREHENSIVE YOUTH SERVICES. LIGHTHOUSE ALSO OFFERS SUPPORT GROUPS, SOCIAL ACTIVITIES, AIDS AND APPLIANCE STORES, USED EQUIPMENT GRANT PROGRAM, OUTREACH EDUCATION AND TRAINING, SOCIAL SERVICES AND CASE MANAGEMENT. DURING THE CURRENT YEAR INDIVIDUALS WERE SERVED BY THE FILING ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryam Mohajer Board Member | Trustee | 1 | $0 |
Roshan Massoumi Board Member | Trustee | 1 | $0 |
Allen Preston Board Member | Trustee | 1 | $0 |
Randi Radin Board Member | Trustee | 0 | $0 |
Martin S Zipern Board Member | Trustee | 1 | $0 |
Dr Steven Edens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,780 |
| Related organizations | $0 |
| Government grants | $1,647,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,710,045 |
| Total Program Service Revenue | $35,804 |
| Investment income | $209,757 |
| 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 | $2,004,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,983 |
| 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 | $869,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,452 |
| Payroll taxes | $66,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100,969 |
| 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 | $33,155 |
| Information technology | $29,959 |
| Royalties | $0 |
| Occupancy | $109,884 |
| Travel | $31,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,253 |
| Insurance | $21,173 |
| All other expenses | $41,648 |
| Total functional expenses | $1,479,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775 |
| Savings and temporary cash investments | $2,115,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,874 |
| 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 | $22,850 |
| Net Land, buildings, and equipment | $36,409 |
| Investments—publicly traded securities | $1,967,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $694,716 |
| Total assets | $4,976,984 |
| Accounts payable and accrued expenses | $76,264 |
| 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 | $113,550 |
| Total liabilities | $189,814 |
| Net assets without donor restrictions | $4,213,519 |
| Net assets with donor restrictions | $573,651 |
| 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 | $4,976,984 |