Form 990 for tax year 2023

Filed by NANTUCKET LIGHTHOUSE SCHOOL INC.

Totals

Total revenue: $2,496,317
Total expenses: $2,653,560
Contributions and grants received: $538,619
Grants paid: $296,915
Program service revenue: $1,880,464
Investment income: $12,334
Other revenue: $64,900
Total assets, end of year: $3,813,470
Total liabilities, end of year: $1,672,847
Net assets or fund balances, end of year: $2,140,623
Program services expenses (Part IX): $1,897,683
Management and general expenses: $650,029
Fundraising expenses: $105,848
Program service expenses (Part III): $1,897,683

Program services were 71.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$46,042
1f · All other contributions, gifts and grants

$492,577
2a · Program service revenue: TUITION AND PROGRAM FE

total $1,880,464 · related or exempt $1,880,464
3 · Investment income

total $12,334 · excluded $12,334
6a · Gross rents

real property $900
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $900
6d · Net rental income or loss

total $900 · related or exempt $900
8a · Fundraising events: gross income

$124,752
8a · Fundraising events: contributions included on line 1c

$46,042
8b · Fundraising events: direct expenses

$65,035
8c · Net income from fundraising events

total $59,717 · excluded $59,717
11a · Other revenue: MISCELLANEOUS INCOME

total $4,283 · related or exempt $4,283
11e · Other revenue, total

$4,283

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $296,915 · program services $296,915
7 · Other salaries and wages

total $1,390,551 · program services $931,763 · management and general $389,970 · fundraising $68,818
9 · Other employee benefits

total $107,230 · program services $47,522 · management and general $50,752 · fundraising $8,956
10 · Payroll taxes

total $124,693 · program services $80,987 · management and general $37,150 · fundraising $6,556
11b · Fees: legal

total $42,114 · management and general $42,114
11c · Fees: accounting

total $23,857 · management and general $23,857
11g · Fees: other

total $20,380 · management and general $20,380
12 · Advertising and promotion

total $27,249 · management and general $10,097 · fundraising $17,152
13 · Office expenses

total $3,417 · program services $708 · management and general $384 · fundraising $2,325
16 · Occupancy

total $232,912 · program services $221,267 · management and general $11,645
17 · Travel

total $14,713 · program services $13,692 · management and general $1,021
20 · Interest

total $27,498 · program services $25,838 · management and general $1,660
22 · Depreciation, depletion and amortization

total $146,371 · program services $139,052 · management and general $7,319
23 · Insurance

total $32,863 · program services $27,780 · management and general $5,083
24a · Other expenses: EQUIPMENT & SUPPLIES

total $95,743 · program services $85,562 · management and general $9,201 · fundraising $980
24b · Other expenses: BANK & CREDIT CARD FEES

total $32,225 · program services $40 · management and general $32,185
24c · Other expenses: DUES & SUBSCRIPTIONS

total $15,217 · program services $15,217
24d · Other expenses: PROFESSIONAL DEVELOPMEN

total $8,132 · program services $6,578 · management and general $580 · fundraising $974
24e · All other expenses

total $11,480 · program services $4,762 · management and general $6,631 · fundraising $87

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $541,843 · end of year $590,573
4 · Accounts receivable

beginning of year $1,032 · end of year $1,372
9 · Prepaid expenses and deferred charges

beginning of year $36,301 · end of year $54,426
10a · Land, buildings and equipment: cost or other basis

$4,794,975
10b · Land, buildings and equipment: accumulated depreciation

$1,627,876
10c · Land, buildings and equipment, net

beginning of year $3,172,885 · end of year $3,167,099
17 · Accounts payable and accrued expenses

beginning of year $119,427 · end of year $162,771
19 · Deferred revenue

beginning of year $657,473 · end of year $853,708
23 · Secured mortgages and notes payable

beginning of year $677,295 · end of year $656,368
27 · Net assets without donor restrictions

beginning of year $2,018,866 · end of year $1,713,623
28 · Net assets with donor restrictions

beginning of year $279,000 · end of year $427,000

Mission and programs · 2023

Mission

NANTUCKET LIGHTHOUSE SCHOOL EDUCATION CALLS FORTH INHERENT SOCIAL, INTELLECTUAL, AND MORAL WISDOM AND PREPARES EACH CHILD TO LEAD A RESPONSIBLE AND JOYFUL LIFE.

OPERATION OF A SCHOOL DEDICATED TO CHILDREN DURING THEIR PRE-SCHOOL AND ELEMENTARY YEARS.

Expenses $1,897,683 · Grants $296,915 · Revenue $1,885,647

As filed on the 2023 return.

Listed in Part VII

Charity Grace MofsenCHARITY GRACE MOFSEN

CO-CHAIR

Total calculated

$0

Hours/week

2
Emily MillerEMILY MILLER

HEAD OF SCHOOL

Total calculated

$142,555

From this org

$130,000

From related orgs

$0

Other

$12,555

Hours/week

40
Scott NelsonSCOTT NELSON

CO-CHAIR

Total calculated

$0

Hours/week

2
Laura CunninghamLAURA CUNNINGHAM

TRUSTEE

Total calculated

$0

Hours/week

2
Lizbet Carroll FullerLIZBET CARROLL FULLER

EMERITA

Total calculated

$0

Hours/week

2
Joseph FreemanJOSEPH FREEMAN

TRUSTEE

Total calculated

$0

Hours/week

2
Kim Huffman-CaryKIM HUFFMAN-CARY

TRUSTEE

Total calculated

$0

Hours/week

2
Margaret FeindelMARGARET FEINDEL

TRUSTEE

Total calculated

$0

Hours/week

2
Erin HenryERIN HENRY

TRUSTEE

Total calculated

$0

Hours/week

2
Pat McEvoyPAT MCEVOY

TRUSTEE

Total calculated

$0

Hours/week

2
Amanda O'BrienAMANDA O'BRIEN

TRUSTEE

Total calculated

$0

Hours/week

2
Quinn VeyseyQUINN VEYSEY

TRUSTEE

Total calculated

$0

Hours/week

2
Jim SchultzJIM SCHULTZ

TRUSTEE

Total calculated

$0

Hours/week

2
Kelly Flynn BartlettKELLY FLYNN BARTLETT

TRUSTEE

Total calculated

$0

Hours/week

2
Adaruth WaigADARUTH WAIG

BUSINESS MANAGER

Total calculated

$92,385

From this org

$87,250

From related orgs

$0

Other

$5,135

Hours/week

40
Travers GrantTRAVERS GRANT

CAMP REPRESENTATIVE

Total calculated

$107,652

From this org

$105,000

From related orgs

$0

Other

$2,652

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

2 · Substantiation required before reimbursing expenses

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202521359349302237

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