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Nonprofiteer
← LIGHTHOUSE INTERNATIONAL

Form 990 for tax year 2023

Filed by LIGHTHOUSE INTERNATIONAL.

Totals

Total revenue
$4,538,357
Total expenses
$659,165
Contributions and grants received
$2,420,215
Grants paid
$0
Program service revenue
$276,063
Investment income
$1,842,079
Other revenue
$0
Total assets, end of year
$34,425,812
Total liabilities, end of year
-$29,671,588
Net assets or fund balances, end of year
$64,097,400
Program services expenses (Part IX)
$512,773
Management and general expenses
$146,392
Fundraising expenses
$0
Program service expenses (Part III)
$512,773

Program services were 77.8% 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.

  • 1d · Related organizations

    $1,902,000

  • 1f · All other contributions, gifts and grants

    $518,215

  • 2a · Program service revenue: REHABILITATION SERVICES-CBVH CONTRACTS

    total $276,063 · related or exempt $276,063 · unrelated business $0

  • 3 · Investment income

    total $905,624 · excluded $905,624

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $6,579,499

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

    securities $5,643,044

  • 7c · Gain or loss

    securities $936,455

  • 7d · Net gain or loss

    total $936,455 · excluded $936,455

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $284,264 · program services $279,923 · management and general $4,341 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $82,165 · program services $79,056 · management and general $3,109

  • 8 · Pension plan contributions

    total $1,315 · program services $1,212 · management and general $103

  • 9 · Other employee benefits

    total $12,230 · program services $11,862 · management and general $368

  • 10 · Payroll taxes

    total $22,216 · program services $21,704 · management and general $512

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $4,851 · management and general $4,851

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $47,673 · management and general $47,673

  • 11g · Fees: other

    total $11,874 · management and general $11,874

  • 12 · Advertising and promotion

    total $445 · management and general $445

  • 13 · Office expenses

    total $69,014 · program services $56,196 · management and general $12,818

  • 14 · Information technology

    total $5,425 · management and general $5,425

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $100,104 · program services $47,104 · management and general $53,000

  • 17 · Travel

    total $7,792 · program services $7,792

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,407 · program services $1,407

  • 23 · Insurance

    total $7,747 · program services $5,874 · management and general $1,873

  • 24a · Other expenses: CRYSTAL GLASS AWARD

    total $643 · program services $643

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $627,579 · end of year $447,429

  • 2 · Savings and temporary cash investments

    beginning of year $8,345 · end of year $8,851

  • 3 · Pledges and grants receivable

    beginning of year $120,240 · end of year $120,240

  • 4 · Accounts receivable

    beginning of year $104,702 · end of year $142,414

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $6,916 · end of year $6,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $4,627

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

    $21,599

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

    $14,295

  • 10c · Land, buildings and equipment, net

    beginning of year $8,711 · end of year $7,304

  • 11 · Investments: publicly traded securities

    beginning of year $1,639,148 · end of year $1,855,374

  • 12 · Investments: other securities

    beginning of year $11,813,136 · end of year $12,757,066

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $17,722,145 · end of year $19,075,591

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,093,535 · end of year $1,086,851

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $6,702 · end of year $6,702

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year -$22,737,748 · end of year -$30,765,141

  • 27 · Net assets without donor restrictions

    beginning of year $22,903,307 · end of year $30,679,404

  • 28 · Net assets with donor restrictions

    beginning of year $30,785,126 · end of year $33,417,996

Mission and programs · 2023

Mission

TO PROVIDE EXCEPTIONAL SERVICES THAT INSPIRE PEOPLE WHO ARE VISUALLY IMPAIRED TO ATTAIN THEIR GOALS.

  • LGI PARTNERSHIP WITH THE ADAPT COMMUNITY NETWORK PRESCHOOL CONTINUED WITH AN LGI TEACHER FOR THE VISUALLY IMPAIRED WORKING IN THE PRESCHOOL TO IDENTIFY AND TREAT CHILDREN WITH VISION LOSS, AND TO MODIFY THE SCHOOL ENVIRONMENT TO ACCOMMODATE STUDENTS WITH VISION IMPAIRMENT. THE MODEL INCLUDED THE DEVELOPMENT OF A TEACHER TRAINING PROGRAM TO FURTHER EXPAND EDUCATION FOR TEACHERS WORKING WITH CHILDREN WITH VISION IMPAIRMENT AND TO EXPAND LGI'S REACH.

    Expenses $20,205

  • YOUTH AND TEEN PROGRAMS INCLUDE REHABILITATION, EDUCATION, AND RECREATIONAL CLASSES AND ACTIVITIES TO INDIVIDUALS AGES 6-21, INCLUDING: A SATURDAY YOUTH SKILLS PROGRAM FOR THOSE AGED 6-13; A YOUTH TRANSITION PROGRAM FOR THOSE AGES 14-21; AND A YOUTH EMPLOYMENT PROGRAM FOR VISUALLY IMPAIRED STUDENTS WHO WISH TO SECURE PAYING JOBS IN THE COMMUNITY.

    Revenue $276,063

  • OTHER PROGRAMS - RESEARCH SUPPORT THE RESEARCH INSTITUTE TRANSLATES SCIENTIFIC FINDINGS AND TECHNOLOGICAL ADVANCES INTO PRACTICAL SOLUTIONS FOR PEOPLE LIVING WITH VISION LOSS TODAY. THE PISART AWARD IN VISION SCIENCE, AWARDED ANNUALLY, RECOGNIZES AN EARLY-CAREER VISION CLINICIAN-SCIENTIST WHOSE CONTRIBUTIONS TO VISION SCIENCE HAVE THE POTENTIAL FOR SUBSTANTIAL INFLUENCE.

    Expenses $492,568

As filed on the 2023 return.

Listed in Part VII

  • Calvin W Roberts MD

    President & CEO

    Total calculated
    $1,079,452
    From this org
    $0
    From related orgs
    $1,051,596
    Other
    $27,856
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,027,488 related
    Bonus
    $0
    Other
    $0 + $24,108 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $4,756 related
    Filer's total
    $0 + $1,079,452 related
  • Paul D Misiti

    CHIEF OPERATING OFFICER

    Total calculated
    $491,886
    From this org
    $0
    From related orgs
    $467,080
    Other
    $24,806
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,889 related
    Bonus
    $0
    Other
    $0 + $92,191 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $1,706 related
    Filer's total
    $0 + $491,886 related
  • Maura Sweeney

    CHIEF PROGRAM & SERV. OFFICER

    Total calculated
    $429,303
    From this org
    $0
    From related orgs
    $384,498
    Other
    $44,805
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,843 related
    Bonus
    $0
    Other
    $0 + $655 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $21,705 related
    Filer's total
    $0 + $429,303 related
  • Brian Dever

    CHIEF DEVEL. OFFICER

    Total calculated
    $359,477
    From this org
    $0
    From related orgs
    $299,663
    Other
    $59,814
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,941 related
    Bonus
    $0
    Other
    $0 + $20,722 related
    Deferred
    $0 + $22,169 related
    Nontaxable benefits
    $0 + $37,645 related
    Filer's total
    $0 + $359,477 related
  • Bryan M Wolynski

    Chief Technology Officer

    Total calculated
    $285,256
    From this org
    $0
    From related orgs
    $246,651
    Other
    $38,605
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,153 related
    Bonus
    $0
    Other
    $0 + $10,498 related
    Deferred
    $0 + $17,843 related
    Nontaxable benefits
    $0 + $20,762 related
    Filer's total
    $0 + $285,256 related
  • William H Seiple

    Chief Research Officer

    Total calculated
    $279,923
    From this org
    $259,571
    From related orgs
    $0
    Other
    $20,352
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $257,963
    Bonus
    $0
    Other
    $1,608
    Deferred
    $18,096
    Nontaxable benefits
    $2,256
    Filer's total
    $279,923
  • Nicole R Hart

    GC & CHIEF COMPLIANCE OFFICER

    Total calculated
    $274,644
    From this org
    $0
    From related orgs
    $209,572
    Other
    $65,072
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,920 related
    Bonus
    $0
    Other
    $0 + $22,652 related
    Deferred
    $0 + $16,230 related
    Nontaxable benefits
    $0 + $48,842 related
    Filer's total
    $0 + $274,644 related
  • Melissa Rosenbaum

    CHIEF PEOPLE OFFICER

    Total calculated
    $260,030
    From this org
    $0
    From related orgs
    $219,796
    Other
    $40,234
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,713 related
    Bonus
    $0
    Other
    $0 + $1,083 related
    Deferred
    $0 + $16,155 related
    Nontaxable benefits
    $0 + $24,079 related
    Filer's total
    $0 + $260,030 related
  • Jaine M Schmidt

    CHIEF COMM. & MARK. OFFICER

    Total calculated
    $204,987
    From this org
    $0
    From related orgs
    $169,674
    Other
    $35,313
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,019 related
    Bonus
    $0
    Other
    $0 + $655 related
    Deferred
    $0 + $12,593 related
    Nontaxable benefits
    $0 + $22,720 related
    Filer's total
    $0 + $204,987 related
  • Lauren Doody

    DIRECTOR OF FINANCE

    Total calculated
    $204,463
    From this org
    $0
    From related orgs
    $185,161
    Other
    $19,302
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,810 related
    Bonus
    $0
    Other
    $0 + $351 related
    Deferred
    $0 + $13,107 related
    Nontaxable benefits
    $0 + $6,195 related
    Filer's total
    $0 + $204,463 related
  • Cheryl A Pemberton-Graves

    CHIEF VOLUNTEER OFFICER

    Total calculated
    $163,793
    From this org
    $3,032
    From related orgs
    $111,371
    Other
    $49,390
    Hours/week
    1.06 + 38.94 related

    Schedule J breakdown matched by us

    Base
    $3,021 + $110,959 related
    Bonus
    $0
    Other
    $11 + $412 related
    Deferred
    $243 + $8,936 related
    Nontaxable benefits
    $1,066 + $39,145 related
    Filer's total
    $4,341 + $159,452 related
  • Sarah A Spicehandler

    Executive Asst. to CEO

    Total calculated
    $133,556
    From this org
    $0
    From related orgs
    $94,751
    Other
    $38,805
    Hours/week
    0 + 40 related
  • Thomas G Kahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Thomas S T Gimbel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Eric Maidenberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • James M Dubin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related
  • Lawrence E Goldschmidt

    VICE CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related
  • Marios Damianides

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related
  • Pauline Raiff

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • Ronald G Weiner

    DEPUTY CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 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)

Schedule J, Part I, Line 3:
A PORTION OF COMPENSATION PAID BY LGI SERVICES, LLC (EIN #46-4232802), A DISREGARDED ENTITY OF THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, HAS BEEN ALLOCATED TO THE LIGHTHOUSE GUILD AND OTHER AFFILIATES. LIGHTHOUSE INTERNATIONAL EMPLOYEES DID NOT RECEIVE ANY DIRECT COMPENSATION FROM THE GUILD BUT DID RECEIVE COMPENSATION FROM LGI SERVICES, LLC (EIN# 46-4232802). LGI SERVICES, LLC IS THE EMPLOYER OF ALL SALARIED PERSONS PROVIDING SERVICE TO ALL LIGHTHOUSE GUILD INTERNATIONAL, INC AFFILIATES WHICH INCLUDE: LIGHTHOUSE GUILD INTERNATIONAL, INC., THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, LIGHTHOUSE INTERNATIONAL,JGB REHABILITATION CORPORATION, GUILDNET, INC. , GREATER BOSTON GUILD FOR THE BLIND, INC., and JGB MENTAL HEALTH AND MENTAL RETARDATION SERVICES, INC.

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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403129349303865

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