Lighthouse For The Blind Of Palms Beaches Inc
- Assets
- $4.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 24
- Location
- West Palm Beach, FL
- Founding
- 02/1949
- Data as of
- 12/2021
- 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 12/2021, Lighthouse For The Blind Of Palms Beaches Inc employed 24 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 12/2021, Lighthouse For The Blind Of Palms Beaches Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
THE LIGHTHOUSE IS COMMITTED TO SERVING AND ASSISTING THE VISUALLY IMPAIRED OR BLIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, AN AIDS & APPLIANCES STORE, USED EQUIPMENT GRANT PROGRAM, OUTREACH EDUCATION AND TRAINING, SOCIAL SERVICES AND CASE MANAGEMENT. DURING THE CURRENT YEAR, 2,000 INDIVIDUALS WERE SERVED BY THE FILING ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donte Mickens Chairman | OfficerTrustee | 1 | $0 |
Allen Preston Treasurer | OfficerTrustee | 1 | $0 |
Chris Downs Vice Chairman | OfficerTrustee | 1 | $0 |
Robert Gregory III Secretary | OfficerTrustee | 1 | $0 |
Dr David B Cano Director | Trustee | 1 | $0 |
Dr Roshan Massoumi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,661 |
| Related organizations | $0 |
| Government grants | $865,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $531,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,468,206 |
| Total Program Service Revenue | $24,399 |
| Investment income | $18,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$43,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,468,319 |
| 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 | $660,614 |
| Pension plan accruals and contributions | $13,106 |
| Other employee benefits | $29,737 |
| Payroll taxes | $51,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,553 |
| Advertising and promotion | $0 |
| Office expenses | $26,776 |
| Information technology | $13,764 |
| Royalties | $0 |
| Occupancy | $120,970 |
| Travel | $16,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,663 |
| Insurance | $19,712 |
| All other expenses | $0 |
| Total functional expenses | $1,089,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775 |
| Savings and temporary cash investments | $2,740,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,421 |
| 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 | $22,712 |
| Net Land, buildings, and equipment | $32,549 |
| Investments—publicly traded securities | $910,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $693,636 |
| Total assets | $4,448,585 |
| Accounts payable and accrued expenses | $49,255 |
| Grants payable | $0 |
| Deferred revenue | $70,922 |
| 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 | $120,177 |
| Net assets without donor restrictions | $3,646,772 |
| Net assets with donor restrictions | $681,636 |
| 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 | $4,448,585 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Lighthouse For The Blind Of Palms Beaches Inc has recieved totaling $157,615.
| Awarding Organization | Amount |
|---|---|
Florida Association Of Agencies Serving The Blind Inc Monticello, FL PURPOSE: CHILDREN'S PROGRAM | $51,805 |
Lost Tree Village Charitable Foundation Inc North Palm Beach, FL PURPOSE: For a vehicle to safely transport blind or visually impaired students to recreational, educational and pre-vocational activities and to provide home-based vision services. | $25,000 |
The Batchelor Foundation Inc Miami Beach, FL PURPOSE: GENERAL OPERATIONS | $20,000 |
Childrens Healthcare Charity Inc Palm Beach Gardens, FL PURPOSE: GENERAL SUPPORT | $16,430 |
William & Helen Thomas Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,250 |
Endowment Analysis
| Beg. Balance | $647,177 |
| Earnings | $41,836 |
| Other Expense | $7,377 |
| Ending Balance | $681,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kids Wish Network Inc Palm Harbor, FL | $3,451,102 | $12,542,226 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Tampa Hillsborough Homeless Initiative Tampa, FL | $4,250,151 | $9,737,223 |
Marion Senior Services Inc Ocala, FL | $7,181,619 | $7,456,492 |
Creative Community Services Inc Norcross, GA | $1,958,708 | $6,893,740 |
Friends Of Disabled Adults And Children Too Inc Stone Mountain, GA | $3,731,936 | $6,098,099 |
Child Guidance Center Inc Jacksonville, FL | $2,247,404 | $6,955,846 |
Barc Housing Inc Sunrise, FL | $1,611,801 | $5,946,940 |
Georgia Association Of Rehabilitation Facilities Inc Lagrange, GA | $1,097,693 | $5,464,524 |
Gibb Foundation Inc Tallahassee, FL | $0 | $0 |
Fellowship House Inc Birmingham, AL | $4,049,817 | $5,080,210 |