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Nonprofiteer
← NANTUCKET LIGHTHOUSE SCHOOL INC

Form 990 for tax year 2022

Filed by NANTUCKET LIGHTHOUSE SCHOOL INC.

Totals

Total revenue
$2,282,846
Total expenses
$2,682,183
Contributions and grants received
$501,015
Grants paid
$232,475
Program service revenue
$1,709,939
Investment income
$5,887
Other revenue
$66,005
Total assets, end of year
$3,752,061
Total liabilities, end of year
$1,454,195
Net assets or fund balances, end of year
$2,297,866
Program services expenses (Part IX)
$1,996,258
Management and general expenses
$581,962
Fundraising expenses
$103,963
Program service expenses (Part III)
$1,996,258

Program services were 74.4% 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

    $35,050

  • 1f · All other contributions, gifts and grants

    $465,965

  • 2a · Program service revenue: TUITION AND PROGRAM FE

    total $1,709,939 · related or exempt $1,709,939

  • 3 · Investment income

    total $5,887 · excluded $5,887

  • 8a · Fundraising events: gross income

    $140,516

  • 8a · Fundraising events: contributions included on line 1c

    $35,050

  • 8b · Fundraising events: direct expenses

    $74,511

  • 8c · Net income from fundraising events

    total $66,005 · excluded $66,005

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $232,475 · program services $232,475

  • 7 · Other salaries and wages

    total $1,471,268 · program services $1,045,476 · management and general $361,923 · fundraising $63,869

  • 9 · Other employee benefits

    total $127,806 · program services $104,831 · management and general $19,951 · fundraising $3,024

  • 10 · Payroll taxes

    total $131,339 · program services $85,258 · management and general $39,169 · fundraising $6,912

  • 11b · Fees: legal

    total $29,326 · management and general $29,326

  • 11c · Fees: accounting

    total $14,920 · management and general $14,920

  • 11g · Fees: other

    total $50,395 · management and general $36,199 · fundraising $14,196

  • 12 · Advertising and promotion

    total $27,513 · management and general $13,458 · fundraising $14,055

  • 13 · Office expenses

    total $1,708 · program services $36 · management and general $237 · fundraising $1,435

  • 16 · Occupancy

    total $230,031 · program services $218,529 · management and general $11,502

  • 17 · Travel

    total $47,554 · program services $44,930 · management and general $2,624

  • 20 · Interest

    total $28,720 · program services $27,129 · management and general $1,591

  • 22 · Depreciation, depletion and amortization

    total $150,755 · program services $143,218 · management and general $7,537

  • 23 · Insurance

    total $32,697 · program services $28,521 · management and general $4,176

  • 24a · Other expenses: EQUIPMENT & SUPPLIES

    total $45,781 · program services $40,691 · management and general $4,982 · fundraising $108

  • 24b · Other expenses: BANK & CREDIT CARD FEES

    total $26,303 · management and general $26,303

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $14,041 · program services $14,041

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $10,791 · program services $6,846 · management and general $3,945

  • 24e · All other expenses

    total $8,760 · program services $4,277 · management and general $4,119 · fundraising $364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $778,536 · end of year $541,843

  • 4 · Accounts receivable

    beginning of year $56,533 · end of year $1,032

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,538 · end of year $36,301

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

    $4,654,390

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

    $1,481,505

  • 10c · Land, buildings and equipment, net

    beginning of year $3,273,459 · end of year $3,172,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,316 · end of year $119,427

  • 19 · Deferred revenue

    beginning of year $642,074 · end of year $657,473

  • 23 · Secured mortgages and notes payable

    beginning of year $697,473 · end of year $677,295

  • 27 · Net assets without donor restrictions

    beginning of year $2,513,482 · end of year $2,018,866

  • 28 · Net assets with donor restrictions

    beginning of year $183,721 · end of year $279,000

Mission and programs · 2022

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 $1,996,258 · Grants $232,475 · Revenue $1,709,939

As filed on the 2022 return.

Listed in Part VII

  • Charity Grace Mofsen

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sharon Hartley

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Scott Nelson

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Allison Gayo

    FACULTY REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    40

  • Tj Grant

    CAMP REPRESENTATIVE

    Total calculated
    $101,754
    From this org
    $101,754
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lizbet Carroll Fuller

    EMERITA

    Total calculated
    $0
    Hours/week
    2

  • Joseph Freeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kim Huffman-Cary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Callie Kever

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Lieb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jared Mitchell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Amanda O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Quinn Veysey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Adaruth Waig

    BUSINESS MANAGER

    Total calculated
    $59,593
    From this org
    $59,593
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Chad Small

    HEAD OF SCHOOL (FORMER)

    Total calculated
    $49,566
    From this org
    $49,566
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $49,566
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $49,566

  • Christine Hanson

    HEAD OF SCHOOL (FORMER)

    Total calculated
    $108,157
    From this org
    $108,157
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,157
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $108,157

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349306336

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