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← FRIENDS OF POINT BETSIES LIGHTHOUSE INC

Form 990 for tax year 2023

Filed by FRIENDS OF POINT BETSIES LIGHTHOUSE INC.

Totals

Total revenue
$670,963
Total expenses
$477,710
Contributions and grants received
$461,959
Grants paid
$0
Program service revenue
$0
Investment income
$4,284
Other revenue
$204,720
Total assets, end of year
$4,608,655
Total liabilities, end of year
$58,069
Net assets or fund balances, end of year
$4,550,586
Program services expenses (Part IX)
$439,948
Management and general expenses
$20,512
Fundraising expenses
$17,250
Program service expenses (Part III)
$439,948

Program services were 92.1% 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.

  • 1b · Membership dues

    $1,390

  • 1e · Government grants (contributions)

    $273,170

  • 1f · All other contributions, gifts and grants

    $187,399

  • 3 · Investment income

    total $4,284 · related or exempt $4,284

  • 10a · Gross sales of inventory

    $201,827

  • 10b · Cost of goods sold

    $51,639

  • 10c · Net income from sales of inventory

    total $150,188 · excluded $150,188

  • 11a · Other revenue: APARTMENT RENTAL

    total $54,532 · unrelated business $54,532

  • 11e · Other revenue, total

    $54,532

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $168,440 · program services $168,440

  • 10 · Payroll taxes

    total $16,487 · program services $16,487

  • 11c · Fees: accounting

    total $9,065 · program services $7,806 · management and general $684 · fundraising $575

  • 13 · Office expenses

    total $7,047 · program services $7,047

  • 16 · Occupancy

    total $36,641 · program services $31,556 · management and general $2,762 · fundraising $2,323

  • 24a · Other expenses: SHORELINE PROTECTION

    total $135,635 · program services $116,809 · management and general $10,227 · fundraising $8,599

  • 24b · Other expenses: MISCELLANEOUS

    total $39,130 · program services $33,699 · management and general $2,950 · fundraising $2,481

  • 24c · Other expenses: OFFICE EXPENSE

    total $14,189 · program services $12,219 · management and general $1,070 · fundraising $900

  • 24d · Other expenses: COGS

    total $13,655 · program services $13,655

  • 24e · All other expenses

    total $37,421 · program services $32,230 · management and general $2,819 · fundraising $2,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,119 · end of year $272,396

  • 2 · Savings and temporary cash investments

    beginning of year $3,880,638 · end of year $4,175,481

  • 4 · Accounts receivable

    end of year $47,912

  • 8 · Inventories for sale or use

    beginning of year $91,061 · end of year $105,024

  • 10a · Land, buildings and equipment: cost or other basis

    $46,884

  • 10b · Land, buildings and equipment: accumulated depreciation

    $39,042

  • 10c · Land, buildings and equipment, net

    beginning of year $9,196 · end of year $7,842

  • 17 · Accounts payable and accrued expenses

    beginning of year $838 · end of year $5,053

  • 25 · Other liabilities

    beginning of year $4,974 · end of year $53,016

  • 27 · Net assets without donor restrictions

    beginning of year $4,196,202 · end of year $4,550,586

Mission and programs · 2023

Mission

TO ADVISE, GUIDE, AND ASSIST IN EFFECTIVELY RESTORING, MAINTAINING, AND DEVELOPING THE POINT BETSIE LIGHTHOUSE PROPERTIES AND ITS OUTBUILDINGS. TO PROMOTE OPEN ACCESS BY PUBLIC CITIZENS, AND TO ASSIST IN MAKING THE LIGHTHOUSE SUCCESSFUL AS AN EDUCATIONAL FACILITY.

  • EDUCATION OF THE COMMUNITY IS PROVIDED IN THE HISTORY OF POINT BETSIE LIGHTHOUSE, OTHER LIGHTHOUSES, THE MARITIME LIFE SAVING SERVICE AND THE ECOLOGY OF THE AREA. TOURS WERE CONDUCTED DURING THE SEASON FOR AN ESTIMATED 8,000 PEOPLE. FUNDS WERE COLLECTED TO SUPPORT OPERATIONS AND MAINTENANCE AND TO ASSIST IN FUTURE RESTORATION PROJECTS.

    Expenses $241,366

  • LIGHT HOUSE MAINTENANCE AND RENOVATION EXPENSES IN ORDER TO KEEP THE LIGHT HOUSE IN GOOD OPERATING CONDITION AND TO ACCOMMODATE VISITORS THROUGHOUT THE OPEN SEASON (MEMORIAL DAY - MID- OCTOBER)

    Expenses $198,582

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gayle Brown

    VICE PRESIDE

    Total calculated
    $0

  • Lesa Huget

    SECRETARY

    Total calculated
    $0

  • Mica Jones

    DIRECTOR

    Total calculated
    $0

  • Mike Musgrave

    DIRECTOR

    Total calculated
    $0

  • Grant Porteous

    DIRECTOR

    Total calculated
    $0

  • Laura Reznich

    TREASURER

    Total calculated
    $0

  • Brad Steffens

    DIRECTOR

    Total calculated
    $0

  • Dick Taylor

    PRESIDENT

    Total calculated
    $0

  • Kelly Winter

    DIRECTOR

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2024
IRS schema version
2023v5.0
Source object
202441999349301029

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