Point Arena Lighthouse Keepers Inc
- Assets
- $3.3m
- Revenue
- $844.5k
- Investments
- $0.0
- Employees
- 19
- Location
- Point Arena, CA
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 94-2841636
Organization Overview
Point Arena Lighthouse Keepers Inc is located in Point Arena, CA. The organization was established in 1983. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Point Arena Lighthouse Keepers Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Arena Lighthouse Keepers 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, Point Arena Lighthouse Keepers Inc generated $844.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $629.8k during the year ending 12/2022. While expenses have increased by 4.8% 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
TO MAINTAIN IN PERPETUITY THE HISTORIC POINT ARENA LIGHT STATION. SEE SCH. O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM AND ATTRACTIONS.THE ORGANIZATION OPERATES AND MAINTAINS THE POINT ARENA LIGHT STATION (LISTED ON THE NATIONAL REGISTRY OF HISTORIC PLACES IN 1991) AND PROVIDES PUBLIC ACCESS TO THE LIGHT STATION GROUNDS AND MUSEUM. THE ORGANIZATION PROVIDED GUIDED TOURS OF THE MUSEUM AND TOWER TO VISITORS, INCLUDING SPECIAL TOURS TO GROUPS OF SCHOOL CHILDREN. ADMISSIONS INCOMED INCREASED TO $252K OR BY 45%, DUE TO THE RESUMPTION OF TOWER TOURS IN MAY 2022. THE TOWER WAS CLOSED FROM 3/17/20 - 5/22/22. WE RECEIVED $5 FOR EACH TOWER TOUR.
LODGING UNITS. MAJOR MAINTENANCE PROJECTS UNDERTAKEN IN 2019 AND 2020 INCLUDED COMPLETE REMODELING OF THE HEADKEEPER'S HOUSE, KEEPER'S APARTMENT AND CREATION OF AN ADA COMPLIANT STUDIO CALLED THE BOOKKEEPER'S ROOM. HEADKEEPER'S HOUSE AND KEEPER'S APARTMENT REMODELS WERE COMPLETED AT THE END OF 2019. BOOKKEEPER'S ROOM REMODEL WORK CONTINUED IN 2020 WITH WORK COMPLETED MAY 2021. EXPENSES OF $233,041 HAVEN BEEN NETTED AGAINST THE LODGING REVENUE REPORTED ON PAGE 9.
LIGHT STATION STORE.LIGHT STATION STORE, HOUSED IN THE HISTORIC FOG SIGNAL BUILDING, WAS EXPANDED INTO WHAT HAD BEEN THE DEDICATED MUSEUM IN JUNE 2020 DUE TO STATE AND COUNTY RESTRICTIONS ON INDOOR MUSEUMS. NEW FIXTURES AND MERCHANDISE WERE ORDERED AND INSTALLED AND INVENTORY WAS EXPANDED CONSIDERABLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Mccormick President | OfficerTrustee | 1.44 | $0 |
Laura Franklin Vice President | OfficerTrustee | 1.15 | $0 |
Geoffrey A Beaty Treasurer | OfficerTrustee | 0.69 | $0 |
Nicholas Epanchin Secretary | OfficerTrustee | 1.35 | $0 |
Bryce Hoffman Director | Trustee | 1.35 | $0 |
Samara Freeman Director | Trustee | 1.35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,275 |
| Fundraising events | $5,410 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,499 |
| Total Program Service Revenue | $258,100 |
| Investment income | $3,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300,411 |
| 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 | $231,870 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,453 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,103 |
| Fees for services: Management | $75,189 |
| 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 | $3,159 |
| Advertising and promotion | $7,902 |
| Office expenses | $0 |
| 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 | $67,076 |
| Insurance | $14,950 |
| All other expenses | $1,784 |
| Total functional expenses | $629,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886,220 |
| Savings and temporary cash investments | $0 |
| 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 | $88,314 |
| Prepaid expenses and deferred charges | $19,267 |
| Net Land, buildings, and equipment | $2,332,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,201 |
| Total assets | $3,340,237 |
| Accounts payable and accrued expenses | $46,126 |
| Grants payable | $0 |
| Deferred revenue | $57,448 |
| 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 | $150,000 |
| Other liabilities | $7,650 |
| Total liabilities | $261,224 |
| Net assets without donor restrictions | $0 |
| 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 | $3,079,013 |
| Total liabilities and net assets/fund balances | $3,340,237 |