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Nonprofiteer
← SEATTLE LIGHTHOUSE FOR THE BLIND FOUNDATION

Form 990 for tax year 2022

Filed by SEATTLE LIGHTHOUSE FOR THE BLIND FOUNDATION.

Totals

Total revenue
$1,389,319
Total expenses
$1,542,838
Contributions and grants received
$1,279,667
Grants paid
$900,888
Program service revenue
$0
Investment income
$129,428
Other revenue
-$19,776
Total assets, end of year
$5,089,631
Total liabilities, end of year
$38,852
Net assets or fund balances, end of year
$5,050,779
Program services expenses (Part IX)
$1,354,912
Management and general expenses
$101,164
Fundraising expenses
$86,762
Program service expenses (Part III)
$1,354,912

Program services were 87.8% 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

    $41,078

  • 1e · Government grants (contributions)

    $208,539

  • 1f · All other contributions, gifts and grants

    $1,030,050

  • 1g · Noncash contributions included above

    $13,950

  • 3 · Investment income

    total $151,963 · excluded $151,963

  • 7a · Gross sales of assets other than inventory

    securities $1,479,607

  • 7b · Less cost or other basis and sales expenses

    securities $1,502,142

  • 7c · Gain or loss

    securities -$22,535

  • 7d · Net gain or loss

    total -$22,535 · excluded -$22,535

  • 8a · Fundraising events: gross income

    $1,104

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

    $41,078

  • 8b · Fundraising events: direct expenses

    $23,830

  • 8c · Net income from fundraising events

    total -$22,726 · excluded -$22,726

  • 9a · Gaming: gross income

    $2,950

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $2,950 · excluded $2,950

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $900,888 · program services $900,888

  • 11f · Fees: investment management

    total $21,990 · management and general $21,990

  • 11g · Fees: other

    total $464,873 · program services $444,774 · management and general $20,099

  • 13 · Office expenses

    total $25,357 · management and general $25,357

  • 16 · Occupancy

    total $18,720 · management and general $18,720

  • 23 · Insurance

    total $5,190 · management and general $5,190

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $86,762 · fundraising $86,762

  • 24b · Other expenses: MISCELLANEOUS

    total $19,058 · program services $9,250 · management and general $9,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,014 · end of year $40,220

  • 2 · Savings and temporary cash investments

    beginning of year $107,025 · end of year $86,832

  • 4 · Accounts receivable

    beginning of year $11,041 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,530,921 · end of year $4,962,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,687 · end of year $38,852

  • 27 · Net assets without donor restrictions

    beginning of year $4,639,314 · end of year $5,050,779

Mission and programs · 2022

Mission

THE FOUNDATION IS AN ORGANIZATION COMMITTED TO SOLICITING FUNDS EXCLUSIVELY FOR THE LIGHTHOUSE FOR THE BLIND, INCORPORATED. THE FUNDS ARE PRIMARILY USED TO SUPPORT EMPLOYEE AND COMMUNITY SERVICE PROGRAMS.

Activities or mission (Part I)

COMMITTED TO SOLICITING FUNDS EXCLUSIVELY FOR THE LIGHTHOUSE FOR THE BLIND, INCORPORATED.

  • THE FOUNDATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION TO THE LIGHTHOUSE FOR THE BLIND, INCORPORATED. THE FOUNDATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE LIGHTHOUSE FOR THE BLIND, INCORPORATED, WHICH IS TO CREATE AND ENHANCE OPPORTUNITIES FOR INDEPENDENCE AND SELF-SUFFICIENCY OF PEOPLE WHO ARE BLIND, DEAF-BLIND, AND BLIND WITH OTHER DISABILITIES.

    Expenses $1,354,912 · Grants $900,888

As filed on the 2022 return.

Listed in Part VII

  • David Kidd

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Meghan Fox

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sandra Amodt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caitlin Bannister

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melody Furze

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marieke Iwema

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kirk Laughlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachal Kidd

    BOARD MEMBER (THRU 11/30)

    Total calculated
    $0
    Hours/week
    1

  • Roya Fereidouni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Hard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chelsea McLaughlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Sandberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bradley Wiens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Lwali

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pam Beasley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Dubay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Jespersen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lorna Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Mollett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fred Lefriec

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • George Abbott

    CEO

    Total calculated
    $371,323
    From this org
    $0
    From related orgs
    $336,412
    Other
    $34,911
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,787 related
    Bonus
    $0 + $50,625 related
    Other
    $0
    Deferred
    $0 + $17,100 related
    Nontaxable benefits
    $0 + $17,811 related
    Filer's total
    $0 + $371,323 related

  • Rabi Gupta

    CFO AND TREASURER

    Total calculated
    $217,035
    From this org
    $0
    From related orgs
    $207,468
    Other
    $9,567
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,468 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $7,546 related
    Nontaxable benefits
    $0 + $2,021 related
    Filer's total
    $0 + $217,035 related

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

None.

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

The filer's explanations (Part III)

PART II
THE RELATED ORGANIZATION USES THIRD-PARTY COMPARABILITY DATA AND MUST HAVE APPROVAL BY THE BOARD OF TRUSTEES FOR EXECUTIVE AND OFFICER COMPENSATION. THE RELATED ORGANIZATION USES COMPARABILITY DATA PROVIDED BY THIRD-PARTIES AND APPROVAL BY APPLICABLE EXECUTIVE TEAM MEMBERS FOR KEY EMPLOYEE COMPENSATION.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
19 March 2024
IRS schema version
2022v5.0
Source object
202420809349300242

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