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Nonprofiteer
← LIGHTHOUSE INTERNATIONAL

Form 990 for tax year 2024

Filed by LIGHTHOUSE INTERNATIONAL.

Totals

Total revenue
$4,852,526
Total expenses
$743,290
Contributions and grants received
$3,063,623
Grants paid
$25,000
Program service revenue
$330,190
Investment income
$1,458,713
Other revenue
$0
Total assets, end of year
$35,263,476
Total liabilities, end of year
-$35,729,188
Net assets or fund balances, end of year
$70,992,664
Program services expenses (Part IX)
$600,028
Management and general expenses
$143,262
Fundraising expenses
$0
Program service expenses (Part III)
$600,028

Program services were 80.7% 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

    $1,893,000

  • 1f · All other contributions, gifts and grants

    $1,170,623

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

    total $330,190 · related or exempt $330,190 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $840,171 · related or exempt $0 · unrelated business $0 · excluded $840,171

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,321,976

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

    securities $8,703,434

  • 7c · Gain or loss

    securities $618,542 · other assets $0

  • 7d · Net gain or loss

    total $618,542 · related or exempt $0 · unrelated business $0 · excluded $618,542

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $25,000 · program services $25,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $377,499 · program services $371,885 · management and general $5,614 · fundraising $0

  • 8 · Pension plan contributions

    total $20,534 · program services $20,217 · management and general $317 · fundraising $0

  • 9 · Other employee benefits

    total $17,982 · program services $16,563 · management and general $1,419 · fundraising $0

  • 10 · Payroll taxes

    total $24,957 · program services $24,519 · management and general $438 · fundraising $0

  • 11c · Fees: accounting

    total $5,885 · program services $0 · management and general $5,885 · fundraising $0

  • 11f · Fees: investment management

    total $48,508 · program services $0 · management and general $48,508 · fundraising $0

  • 11g · Fees: other

    total $15,646 · program services $0 · management and general $15,646 · fundraising $0

  • 12 · Advertising and promotion

    total $658 · program services $60 · management and general $598 · fundraising $0

  • 13 · Office expenses

    total $89,139 · program services $80,690 · management and general $8,449 · fundraising $0

  • 14 · Information technology

    total $5,963 · program services $0 · management and general $5,963 · fundraising $0

  • 16 · Occupancy

    total $96,002 · program services $47,532 · management and general $48,470 · fundraising $0

  • 17 · Travel

    total $6,292 · program services $6,292 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $648 · program services $648 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $8,577 · program services $6,622 · management and general $1,955 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $447,429 · end of year $154,214

  • 2 · Savings and temporary cash investments

    beginning of year $8,851 · end of year $9,315

  • 3 · Pledges and grants receivable

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

  • 4 · Accounts receivable

    beginning of year $142,414 · end of year $448,449

  • 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

  • 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 $4,627 · end of year $0

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

    $21,599

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

    $14,943

  • 10c · Land, buildings and equipment, net

    beginning of year $7,304 · end of year $6,656

  • 11 · Investments: publicly traded securities

    beginning of year $1,855,374 · end of year $1,485,130

  • 12 · Investments: other securities

    beginning of year $12,757,066 · end of year $13,609,118

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $19,075,591 · end of year $19,423,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,086,851 · end of year $1,111,135

  • 19 · Deferred revenue

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

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year -$30,765,141 · end of year -$36,847,025

  • 27 · Net assets without donor restrictions

    beginning of year $30,679,404 · end of year $36,024,049

  • 28 · Net assets with donor restrictions

    beginning of year $33,417,996 · end of year $34,968,615

Mission and programs · 2024

Mission

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

  • 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. LIGHTHOUSE INTERNATIONAL IS ENGAGED IN MORE THEN 10+ ONGOING RESEARCH INITIATIVES, COLLABORATING WITH UNIVERSITY RESEARCHERS ON A WIDE RANGE OF TOPICS INCLUDING VISION REHABILITATION AND ASSISTIVE TECHNOLOGIES.

    Expenses $576,645 · Grants $25,000

  • 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 $23,383

  • 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 $330,190

As filed on the 2024 return.

Listed in Part VII

  • Calvin W Roberts MD

    PRESIDENT & CEO

    Total calculated
    $1,305,428
    From this org
    $0
    From related orgs
    $1,276,448
    Other
    $28,980
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,099,840 related
    Bonus
    $0 + $175,000 related
    Other
    $0 + $1,608 related
    Deferred
    $0 + $24,151 related
    Nontaxable benefits
    $0 + $4,829 related
    Filer's total
    $0 + $1,305,428 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 (THRU 12/09/2024)

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 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

  • Lauren Doody

    CHIEF FINANCIAL OFFICER

    Total calculated
    $323,369
    From this org
    $0
    From related orgs
    $288,119
    Other
    $35,250
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,465 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $654 related
    Deferred
    $0 + $20,450 related
    Nontaxable benefits
    $0 + $14,800 related
    Filer's total
    $0 + $323,369 related

  • Nicole R Hart

    GC & CHIEF COMPLIANCE OFFICER

    Total calculated
    $286,417
    From this org
    $0
    From related orgs
    $215,655
    Other
    $70,762
    Hours/week
    0.1 + 20.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,433 related
    Bonus
    $0
    Other
    $0 + $222 related
    Deferred
    $0 + $16,753 related
    Nontaxable benefits
    $0 + $54,009 related
    Filer's total
    $0 + $286,417 related

  • Paul D Misiti

    CHIEF OPERATING OFFICER

    Total calculated
    $554,703
    From this org
    $0
    From related orgs
    $529,509
    Other
    $25,194
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,750 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $71,759 related
    Deferred
    $0 + $24,151 related
    Nontaxable benefits
    $0 + $1,043 related
    Filer's total
    $0 + $554,703 related

  • Cheryl A Pemberton-Graves

    CHIEF VOLUNTEER OFFICER

    Total calculated
    $170,451
    From this org
    $2,755
    From related orgs
    $116,621
    Other
    $51,075
    Hours/week
    0.9 + 39.1 related

    Schedule J breakdown matched by us

    Base
    $2,743 + $116,123 related
    Bonus
    $0
    Other
    $12 + $498 related
    Deferred
    $218 + $9,239 related
    Nontaxable benefits
    $960 + $40,658 related
    Filer's total
    $3,933 + $166,518 related

  • Michael Boyd

    DIRECTOR OF BUILDING SVCS

    Total calculated
    $153,922
    From this org
    $986
    From related orgs
    $109,825
    Other
    $43,111
    Hours/week
    0.3 + 34.7 related

    Schedule J breakdown matched by us

    Base
    $981 + $109,267 related
    Bonus
    $0
    Other
    $5 + $558 related
    Deferred
    $75 + $8,347 related
    Nontaxable benefits
    $309 + $34,380 related
    Filer's total
    $1,370 + $152,552 related

  • William H Seiple

    CHIEF RESEARCH OFFICER

    Total calculated
    $287,843
    From this org
    $263,856
    From related orgs
    $0
    Other
    $23,987
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $262,521
    Bonus
    $0
    Other
    $1,335
    Deferred
    $18,637
    Nontaxable benefits
    $5,350
    Filer's total
    $287,843

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. COMPENSATION IS PAID BY A COMMON PAYMASTER, LGI SERVICES, LLC (EIN #46-4232802), WHICH IS A DISREGARDED ENTITY OF THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, A RELATED 501(C)(3) ORGANIZATION. AS A COMMON PAYMASTER, A PORTION OF COMPENSATION HAS BEEN ALLOCATED TO THE LIGHTHOUSE GUILD INTERNATIONAL, INC. AND OTHER AFFILIATES (INCLUDING LIGHTHOUSE GUILD INTERNATIONAL, INC., THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, LIGHTHOUSE INTERNATIONAL, JGB REHABILITATION CORPORATION, GUILDNET, INC., AND JGB MENTAL HEALTH AND MENTAL RETARDATION SERVICES, INC.) AND REPORTED AS COMPENSATION OF THE REPORTING ORGANIZATION IN PART VII OF FORM 990, COLUMN (D) AND (F).
Schedule J, Part I, Line 7 Non-fixed payments
THE FOLLOWING EMPLOYEES LISTED ON PART VII, SECTION A, LINE 1A RECEIVED THE BELOW DISCRETIONARY BONUS PAYMENTS BASED ON PERFORMANCE WITH RESPECT TO LIGHTHOUSE GUILD INTERNATIONAL AND RELATED ORGANIZATIONS. THESE AMOUNTS ARE REPORTED ON PART II, COLUMN (B)(II): DR. CALVIN W. ROBERTS: LIGHTHOUSE GUILD INTERNATIONAL, INC. $143,500 THE JEWISH GUILD FOR THE BLIND $5,250 JGB REHABILITATION CORPORATION $22,750 JGB MENTAL HEALTH&MENTAL RETARDATION SERVICES, INC. $3,500 TOTAL BONUS PAYMENT $175,000 PAUL D. MISITI: LIGHTHOUSE GUILD INTERNATIONAL, INC. $51,000 JGB REHABILITATION CORPORATION $9,000 TOTAL BONUS PAYMENT $60,000 LAUREN DOODY: LIGHTHOUSE GUILD INTERNATIONAL, INC. $23,200 THE JEWISH GUILD FOR THE BLIND $3,200 JGB REHABILITATION CORPORATION $10,400 JGB MENTAL HEALTH&MENTAL RETARDATION SERVICES, INC. $3,200 TOTAL BONUS PAYMENT $40,000
Schedule J, Part II, Column (B)(iii)
COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III), OTHER REPORTABLE COMPENSATION INCLUDES COST OF GROUP-TERM LIFE INSURANCE, HOUSING ALLOWANCES, VACATION BUYOUTS, AND DISTRIBUTIONS FROM 457(B) PLANS. THE FOLLOWING OFFICERS' OTHER REPORTABLE COMPENSATION INCLUDES THE FOLLOWING: - PAUL D. MISITI: HOUSING ALLOWANCE OF $70,753 - MELISSA ROSENBAUM: DISTRIBUTION FROM 457(B) PLAN OF $80,501 AND VACATION BUYOUT OF $26,527

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
2024
Filed
11 November 2025
IRS schema version
2024v5.1
Source object
202533159349305138

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