Lighthouse Archaeological Maritime Program INC FY2023 filing

St Augustine, FL · Public charity (501(c)(3)) · Since 1997 · Arts & Culture

✓ Tax-deductible
Revenue
$485K
+16% vs prior year
Spent
$469K
To programs
87%
Net assets
$122K
By yearFY2020–FY2024
Revenue
$485K
FY2023▲ +16%
Revenue by fiscal year
FY2020$274K
FY2021$265K
FY2022$417K
FY2023$485K
FY2024$376K
FY2024$400K
Expenses
$469K
FY2023▲ +37%
Expenses by fiscal year
FY2020$360K
FY2021$283K
FY2022$343K
FY2023$469K
FY2024$335K
FY2024$370K
Net assets
$122K
FY2023▲ +14%
Net assets by fiscal year
FY2020$44K
FY2021$27K
FY2022$107K
FY2023$122K
FY2024$163K
FY2024$193K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLighthouse Archaeological Maritime Program INC
EINHdr · item D59-3656411
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2002
Year of formationHdr · item L1997
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSt Augustine, FL
NTEE classificationIRS BMFArts & Culture (A50)
WebsiteHdr · item Jwww.staugustinelighthouse.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.07 Fundraising $0.05
Program services87%$409K
Management & general7%$35K
Fundraising5%$25K
Total functional expensesLn 25$469K

Financial health

Is it on solid ground?

Program efficiency
87%
of spending reaches programs
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$366K
FY2023▲ +169%
Total assets by fiscal year
FY2020$60K
FY2021$46K
FY2022$136K
FY2023$366K
FY2024$396K
FY2024$430K
Total liabilities
$244K
FY2023▲ +754%
Total liabilities by fiscal year
FY2020$16K
FY2021$20K
FY2022$29K
FY2023$244K
FY2024$233K
FY2024$237K
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$366K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$274K
Total assetsLn 16$366K
Total liabilitiesLn 26$244K
Total net assetsLn 32$122K
Months of cash on handcomputed7.0

Statement of Revenue

Part VIII
Contributions & grants$454K · 93%
Program service revenue$30K · 6%
Contributions & grants93%$454K
Program service revenue6%$30K
Investment income$2K
— government grantsLn 1e$45K
Total revenueLn 12$485K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $274K · Operating expenses (Pt IX) $469K · Less non-cash grants $24K · Cash operating expenses/yr $445K
7.4 months
Where the money goes
Program services
Program services $409K · Total expenses $469K
87%
Management & General
Management & general $35K · Total expenses $469K
7%
Fundraising
Fundraising $25K · Total expenses $469K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $268K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $454K · Total revenue $485K
93%
Government reliance
Government grants $45K · Total revenue $485K
9%
Earned-income share
Program service revenue $30K · Total revenue $485K
6%
Investment reliance
Investment income $2K · Total revenue $485K
+0.3%
Program self-sufficiency
Program service revenue $30K · Total expenses $469K
6%
Growth & trend
Revenue growth (YoY)
This year $485K · Prior year $417K
+16%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $485K · Expenses $469K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $366K
—
Net-asset ratio
Net assets $122K · Total assets $366K
33%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $366K
0%
People & payroll
Highest Reported Total Compensation
Individual Theresa Floyd · Reported title Treasurer · Highest reported compensation $0 · Total expenses $469K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $244K · Total expenses $469K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 7%——
Fundraising cost ratio 5%——
Revenue growth 16%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.3%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Admin Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Preserves and shares the history of the nation's oldest port and its lighthouse.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $409K of program spending, described in the organization's own filed words · FY2022.
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…

$409Kprogram 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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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 · FY2019
Total grants receivedfrom 1 funder$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $376K$335K-23% 990 PDF
FY2023 Viewing $485K$469K+16% 990 PDF
FY2022 $417K$343K+57% 990 PDF
FY2021 $265K$283K-3% 990 PDF
FY2020 $274K$360K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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