Lighthouse Archaeological Maritime Program INC EIN 59-3656411

Lighthouse Archaeological Maritime Program INC

EIN  59-3656411 Public charity (501(c)(3)) St Augustine, FL Founded 1997
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Preserves and shares the history of the nation's oldest port and its lighthouse.
Leadership
Theresa Floyd · Treasurer
Money in and out
$400K revenue, $370K expenses
Bottom line
75% program efficiency

Preserves and shares the history of the nation's oldest port and its lighthouse. For fiscal year 2024 it reported $400K in revenue, $370K in expenses, and $193K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$370K
Pt IX · Ln 25
Net assets
$193K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.19 Fundraising $0.06
Program efficiency
75%
of spending reaches programs+0.3% vs prior filing year
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate▲ +20% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -31% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$400K
FY2024▲ +6%
Expenses
$370K
FY2024▲ +11%
Total assets
$430K
FY2024▲ +8%
Total liabilities
$237K
FY2024▲ +2%
Total revenue
$400K
Pt VIII · Ln 12
Total expenses
$370K
Pt IX · Ln 25
Net assets
$193K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$430K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $279K of program spending, described in the organization's own filed words · FY2024.
01

Archaeological Research

The research arm of the St. Augustine Lighthouse and Maritime Museum is the separately incorporated Lighthouse Archaeological Maritime Program, LAMP. LAMP maintains an active program of both archival and archaeological research and employs archaeologists, a professional paleographer (expert on colonial Spanish script), and an…

$279Kprogram expense
02

Public Archeology

LAMP Boat-works is dedicated to keeping traditional wooden boat-building alive and relevant for new generations by focusing on the construction of traditional vessel types once common in the waters of St. Augustine and Northeast Florida.

Pt IX · col B
03

Maritime Archaeological Field School

LAMP oversees an intense accredited educational program allowing both undergraduate and graduate students the opportunity to participate in a marine survey and underwater excavation of a historic shipwreck site.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLighthouse Archaeological Maritime Program INC
EINHdr · item D59-3656411
Principal addressHdr · item CSt Augustine, FL
WebsiteHdr · item Jwww.staugustinelighthouse.org
Year of formationHdr · item L1997
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFAug 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Admin Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$376K · 94%
Program service revenue$17K · 4%
Investment income$7K · 2%
Contributions & grants94%$376K
Program service revenue4%$17K
Investment income2%$7K
Total revenueLn 12$400K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.19 Fundraising $0.06
Program services75%$279K
Management & general19%$69K
Fundraising6%$22K
Total functional expensesLn 25$370K

Balance Sheet

Part X · end of year
CashLn 1$339K
Total assetsLn 16$430K
Total liabilitiesLn 26$237K
Total net assetsLn 32$193K
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $339K · Operating expenses (Pt IX) $370K · Less non-cash grants $670 · Cash operating expenses/yr $369K
11.0 months
Where the money goes
Program services
Program services $279K · Total expenses $370K
75%
Management & General
Management & general $69K · Total expenses $370K
19%
Fundraising
Fundraising $22K · Total expenses $370K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $364K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $376K · Total revenue $400K
94%
Government reliance
Government grants — · Total revenue $400K
Earned-income share
Program service revenue $17K · Total revenue $400K
4%
Investment reliance
Investment income $7K · Total revenue $400K
+2%
Program self-sufficiency
Program service revenue $17K · Total expenses $370K
5%
Growth & trend
Revenue growth (YoY)
This year $400K · Prior year $376K
+6%
Revenue CAGR
FY2019 $274K · FY2024 $400K
+8%
Net-asset trend (YoY)
End of year $193K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $400K · Expenses $370K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $430K
Net-asset ratio
Net assets $193K · Total assets $430K
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $430K
0%
People & payroll
Highest Reported Total Compensation
Individual Theresa Floyd · Reported title Treasurer · Highest reported compensation $0 · Total expenses $370K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $227K · Total expenses $370K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 19%
Fundraising cost ratio 6%
Revenue growth 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$376K revenue · ⤓ 990 PDF
FY2023$485K revenue · ⤓ 990 PDF
FY2022$417K revenue · ⤓ 990 PDF
FY2021$265K revenue · ⤓ 990 PDF
FY2020$274K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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