Southeast Lighthouse Foundation FY2020 filing

Tax-deductible

Block Island, RI501(c)(3)Arts & CultureEIN 22-2933316

The Southeast Lighthouse Foundation preserves and protects the Southeast Lighthouse on Block Island, RI, a National Historic Landmark. We increase the community's knowledge and interest in the lighthouse and ensure access for educational and scientific purposes.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $23K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204K
Spent
$133K
To programs
59%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$204K
FY2020
Revenue by fiscal year
FY2020$204K
FY2021$212K
FY2022$269K
FY2023$90K
FY2024$96K
Expenses
$133K
FY2020
Expenses by fiscal year
FY2020$133K
FY2021$192K
FY2022$209K
FY2023$217K
FY2024$235K
Net assets
$3.4M
FY2020
Net assets by fiscal year
FY2020$3.4M
FY2021$3.4M
FY2022$3.5M
FY2023$3.3M
FY2024$3.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $79K Management & general 41% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Southeast Lighthouse Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and protects a historic lighthouse, increasing knowledge and ensuring access.

Provided by the organization

This section is blank until Southeast Lighthouse Foundation claims this page.

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3 program services account for $79K of program spending, described in the organization's own filed words · FY2020.
01

Restore, preserve and protect the Southeast Lighthouse on Block Island, RI; ongoing maintenance and restoration to the historic structure.

$76Kprogram expense
02

Maintain the grounds of the Southeast Lighthouse on Block Island, RI, providing access to the public. The Southeast Lighthouse is situated in a fragile eco-system, with encroaching bluffs threatening the site. The public has free access to the grounds. Under the COVID-19 epidemic, the grounds remained open to the limited public traffic.

$3Kprogram expense
03

Maintain an information center to increase community awareness, knowledge and interest in the Southeast Lighthouse on Block Island, RI. Tours of the Lighthouse and maintenance of a small gift shop were suspended in 2020 due to the COVID-19 pandemic.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$204K
Ln 12
Gifts and grantsLn 1h$200K
Investment incomeLn 3$3K
Money outPt IX
$133K
Ln 25
Programscol B$79K
Managementcol C$54K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$228K
Total assetsLn 16$3.4M
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$3K
Gains on assetsLn 7−$4K
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$225K
Cash and savings togetherLn 1–2$228K
InvestmentsLn 11–13$164K
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$3.4M
LiabilitiesLn 26$10K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$163K$228K
InvestmentsLn 11–13$511K$164K
Land, buildings, equipmentLn 10c$2.6M$3.0M
Total assetsLn 16$3.3M$3.4M
LiabilitiesLn 26$0$10K
Net assetsLn 32$3.3M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$20K$0$20K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$22K$0$22K$0
Payroll taxesLn 10$2K$0$2K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$798$0$798$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$4K$0$4K$0
Information technologyLn 14$235$0$235$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$7K$3K$4K$0
TravelLn 17$31$0$31$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$76K$76K$0$0
InsuranceLn 23$897$0$897$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$133K$79K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $96K$235K−$139K$3.2M 990 PDF
FY2023 $90K$217K−$127K$3.3M 990 PDF
FY2022 $269K$209K$60K$3.5M 990 PDF
FY2021 $212K$192K$20K$3.4M 990 PDF
FY2020 Viewing $204K$133K$71K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $203,855 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$200,458
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$200,458
VIII-3 Investment incomeRelated to mission $7,165 · Unrelated business $0 · Excluded from tax $0$7,165
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,768 · Unrelated business $0 · Excluded from tax $0−$3,768
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $3,397 · Unrelated business $0 · Excluded from tax $0$203,855
Part IX · Statement of functional expenses $132,900 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $20,000 · Fundraising $0$20,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $21,729 · Fundraising $0$21,729
IX-10 Payroll taxesPrograms $0 · Management $1,730 · Fundraising $0$1,730
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $798 · Fundraising $0$798
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $4,323 · Fundraising $0$4,323
IX-14 Information technologyPrograms $0 · Management $235 · Fundraising $0$235
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $3,000 · Management $4,334 · Fundraising $0$7,334
IX-17 TravelPrograms $0 · Management $31 · Fundraising $0$31
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $75,823 · Management $0 · Fundraising $0$75,823
IX-23 InsurancePrograms $0 · Management $897 · Fundraising $0$897
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $78,823 · Management $54,077 · Fundraising $0$132,900
Part X · Balance sheet $3,399,440 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $8,732$3,066
X-2 Savings and temporary cash investmentsStart of year $153,788$224,802
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $9,485$9,459
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $2,635,119$2,997,716
X-11 Publicly traded securitiesStart of year $511,089$164,397
X-16 Total assetsStart of year $3,318,213$3,399,440
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$10,272
X-26 Total liabilitiesStart of year $0$10,272
X-32 Total net assets or fund balancesStart of year $3,318,213$3,389,168
X-33 Total liabilities and net assetsStart of year $3,318,213$3,399,440
Part XI · Reconciliation of net assets $3,389,168 net assets at year end
XI-1 Total revenue$203,855
XI-2 Total expenses$132,900
XI-3 Revenue less expenses$70,955
XI-4 Net assets at start of year$3,318,213
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,389,168

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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