Light House Studio INC FY2020 filing

Tax-deductible

Charlottesvle, VA501(c)(3)Since 2001Arts & CultureEIN 54-2033510Revenue $847K in FY2020

On file with the IRSlighthousestudio.org220 West Market St, 22902-5027 · Charlottesvle, VATax-exempt since Jul 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Light House Studio equips young people with the skills and confidence to tell their stories and build community through collaborative filmmaking. We seek to foster a community where Charlottesvilles young people flourish as students, storytellers, and citizens.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $124K a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$847K
Spent
$497K
To programs
75%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$847K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$847K
FY2021$655K
FY2022$665K
FY2023$1.1M
FY2024$773K
FY2025$787K
Expenses
$497K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$497K
FY2021$442K
FY2022$657K
FY2023$754K
FY2024$847K
FY2025$896K
Net assets
$2.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$2.8M
FY2023$3.2M
FY2024$3.1M
FY2025$3.0M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2001.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $370K Management & general 14% · $67K Fundraising 12% · $59K

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

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Who runs it and what they're paid

13 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec. Director, Director
$90,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deanna Gould’s $90K as Exec. Director, Director is at the 83rd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Deanna Gould$90,150$91,573$84,772$80,342$96,218$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Light House Studio INC 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 15aYes

Programs and updates

Teaches youth filmmaking skills to build confidence and community through storytelling.

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Provided by the organization

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1 program · $370K · in their own filed words · FY2020
01

Our filmmaking programs focus on storytelling, personal expression and fostering media literacy. Mirroring the explosion of youth media nationally, our workshops include Documentary, Animation, Narrative, Experimental Film, Music Video and Visual Effects.

$370Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$847K
Ln 12
Gifts and grantsLn 1h$694K
Fees for servicesLn 2g$155K
Investment incomeLn 3$3K
Money outPt IX
$497K
Ln 25
Programscol B$370K
Managementcol C$67K
Fundraisingcol D$59K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$573K
Total assetsLn 16$2.7M
LiabilitiesLn 26$88K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$694K
Government grantsLn 1e$79K
Noncash giftsLn 1g$240
Fundraising eventsLn 1c$118K
Fees for servicesLn 2g$155K
Investment incomeLn 3$3K
Total revenueLn 12$847K
Assets in detailPt X, end of year
CashLn 1$545K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$573K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$923K
Total assetsLn 16$2.7M
LiabilitiesLn 26$88K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 59
VolunteersI 630
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$765K$573K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$2.3M$2.7M
LiabilitiesLn 26$8K$88K
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$63K$14K$13K
Other salaries and wagesLn 7$228K$160K$37K$32K
Payroll taxesLn 10$25K$17K$4K$3K
Management feesLn 11a$527$369$84$74
Accounting feesLn 11c$1K$980$224$196
Other fees for servicesLn 11g$26K$26K$0$0
Advertising and promotionLn 12$8K$8K$0$0
Office expensesLn 13$3K$2K$471$412
OccupancyLn 16$12K$8K$2K$2K
Depreciation, depletion and amortizationLn 22$33K$23K$5K$5K
InsuranceLn 23$8K$5K$1K$1K
Other expenses (24a–d)Ln 24$11K$9K$1K$1K
All other expensesLn 24e$51K$47K$2K$2K
Total functional expensesLn 25$497K$370K$67K$59K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $787K$896K−$109K$3.0M 990 PDF
FY2024 $773K$847K−$74K$3.1M 990 PDF
FY2023 $1.1M$754K$358K$3.2M 990 PDF
FY2022 $665K$657K$7K$2.8M 990 PDF
FY2021 $655K$442K$213K$2.8M 990 PDF
FY2020 Viewing $847K$497K$350K$2.6M 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 (6 parts)
Part I · Summary $847,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $599,456$693,529
I-9 Program service revenuePrior year $104,957$154,615
I-10 Investment incomePrior year $1,882$2,975
I-11 Other revenuePrior year $14,273−$3,704
I-12 Total revenuePrior year $720,568$847,415
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $157,966$343,379
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $123,149$153,537
I-18 Total expensesPrior year $281,115$496,916
I-19 Revenue less expensesPrior year $439,453$350,499
Part VI · Governance 12 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $847,415 across 11 lines filed
Lines not itemized here account for $1,029 of total revenue; see the IRS return.
VIII-1c Fundraising events$118,381
VIII-1e Government grants$78,732
VIII-1f All other contributions, gifts and grants$496,416
VIII-1g Noncash contributions (included above)$240
VIII-1h Total contributions, gifts and grants$693,529
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$154,615
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $2,975$2,975
VIII-6 Net rental income or lossRelated to mission $750$750
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$6,636−$6,636
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,153 · Unrelated business $0 · Excluded from tax $0$1,153
VIII-12 Total revenueRelated to mission $157,547 · Unrelated business $0 · Excluded from tax −$3,661$847,415
Part IX · Statement of functional expenses $496,916 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,000 · Management $14,400 · Fundraising $12,600$90,000
IX-7 Other salaries and wagesPrograms $159,891 · Management $36,546 · Fundraising $31,978$228,415
IX-10 Payroll taxesPrograms $17,475 · Management $3,994 · Fundraising $3,495$24,964
IX-11a Management feesPrograms $369 · Management $84 · Fundraising $74$527
IX-11c Accounting feesPrograms $980 · Management $224 · Fundraising $196$1,400
IX-11g Other fees for servicesPrograms $25,684 · Management $0 · Fundraising $0$25,684
IX-12 Advertising and promotionPrograms $7,524 · Management $0 · Fundraising $0$7,524
IX-13 Office expensesPrograms $2,061 · Management $471 · Fundraising $412$2,944
IX-16 OccupancyPrograms $8,107 · Management $1,853 · Fundraising $1,622$11,582
IX-22 Depreciation, depletion and amortizationPrograms $23,415 · Management $5,352 · Fundraising $4,683$33,450
IX-23 InsurancePrograms $5,495 · Management $1,256 · Fundraising $1,099$7,850
IX-24 Other expenses (24a–d)Programs $9,056 · Management $1,106 · Fundraising $1,156$11,318
IX-24e All other expensesPrograms $47,246 · Management $2,110 · Fundraising $1,902$51,258
IX-25 Total functional expensesPrograms $370,303 · Management $67,396 · Fundraising $59,217$496,916
Part X · Balance sheet $2,708,923 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $737,097$545,284
X-2 Savings and temporary cash investmentsStart of year $28,101$28,101
X-3 Pledges and grants receivableStart of year $52,500$37,500
X-4 Accounts receivableStart of year $45,620$41,205
X-9 Prepaid expenses and deferred charges$1,620
X-10c Land, buildings and equipment, netStart of year $1,162,627$1,131,995
X-15 Other assetsStart of year $248,748$923,218
X-16 Total assetsStart of year $2,274,693$2,708,923
X-17 Accounts payable and accrued expensesStart of year $7,812$12,081
X-19 Deferred revenue$13,009
X-24 Unsecured notes and loans payable$62,600
X-26 Total liabilitiesStart of year $7,812$87,690
X-27 Net assets without donor restrictionsStart of year $2,266,881$2,621,233
X-32 Total net assets or fund balancesStart of year $2,266,881$2,621,233
X-33 Total liabilities and net assetsStart of year $2,274,693$2,708,923
Part XI · Reconciliation of net assets $2,621,233 net assets at year end
XI-1 Total revenue$847,415
XI-2 Total expenses$496,916
XI-3 Revenue less expenses$350,499
XI-4 Net assets at start of year$2,266,881
XI-8 Prior period adjustments$3,853
XI-10 Net assets at end of year$2,621,233

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

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