Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $62,648

• 1e · Government grants (contributions)

  $753,484

• 1f · All other contributions, gifts and grants

  $2,459,954

• 1g · Noncash contributions included above

  $304,253

• 2a · Program service revenue: LIGHTHOUSE ADMISSIONS

  total $20,419 · related or exempt $20,419

• 3 · Investment income

  total $12,391 · excluded $12,391

• 5 · Royalties

  total $82 · excluded $82

• 6a · Gross rents

  real property $29,060

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $29,060

• 6d · Net rental income or loss

  total $29,060 · unrelated business $20,000 · excluded $9,060

• 7a · Gross sales of assets other than inventory

  securities $176,123

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

  securities $174,330

• 7c · Gain or loss

  securities $1,793

• 7d · Net gain or loss

  total $1,793 · excluded $1,793

• 8a · Fundraising events: gross income

  $19,285

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

  $62,648

• 8b · Fundraising events: direct expenses

  $45,034

• 8c · Net income from fundraising events

  total -$25,749 · excluded -$25,749

• 10a · Gross sales of inventory

  $15,074

• 10b · Cost of goods sold

  $7,678

• 10c · Net income from sales of inventory

  total $7,396 · related or exempt $6,003 · unrelated business $1,393

• 11a · Other revenue: REFUNDS/REIMBURSEMENTS

  total $10,093 · related or exempt $10,093

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $8,514 · related or exempt $8,514

• 11e · Other revenue, total

  $18,607

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,000 · program services $2,000

• 5 · Compensation of officers, directors and key employees

  total $286,083 · program services $120,209 · management and general $162,455 · fundraising $3,419

• 7 · Other salaries and wages

  total $1,169,382 · program services $898,267 · management and general $227,601 · fundraising $43,514

• 8 · Pension plan contributions

  total $25,032 · program services $15,005 · management and general $8,585 · fundraising $1,442

• 9 · Other employee benefits

  total $77,156 · program services $60,741 · management and general $15,286 · fundraising $1,129

• 10 · Payroll taxes

  total $105,232 · program services $75,201 · management and general $25,996 · fundraising $4,035

• 11b · Fees: legal

  total $52,960 · program services $44,688 · management and general $7,184 · fundraising $1,088

• 11c · Fees: accounting

  total $39,696 · program services $27,928 · management and general $10,488 · fundraising $1,280

• 11f · Fees: investment management

  total $2,360 · program services $1,229 · management and general $1,131

• 11g · Fees: other

  total $648,583 · program services $551,142 · management and general $93,772 · fundraising $3,669

• 12 · Advertising and promotion

  total $112,394 · program services $108,829 · fundraising $3,565

• 13 · Office expenses

  total $19,005 · program services $7,000 · management and general $8,348 · fundraising $3,657

• 14 · Information technology

  total $401,509 · program services $367,952 · management and general $24,638 · fundraising $8,919

• 16 · Occupancy

  total $87,256 · program services $70,774 · management and general $15,197 · fundraising $1,285

• 17 · Travel

  total $43,140 · program services $20,837 · management and general $18,706 · fundraising $3,597

• 19 · Conferences, conventions and meetings

  total $16,190 · program services $9,053 · management and general $6,352 · fundraising $785

• 20 · Interest

  total $13,832 · management and general $13,832

• 22 · Depreciation, depletion and amortization

  total $124,308 · program services $124,308

• 23 · Insurance

  total $75,042 · program services $58,185 · management and general $15,487 · fundraising $1,370

• 24a · Other expenses: SUPPLIES & EQUIPMENT

  total $189,518 · program services $178,883 · management and general $8,271 · fundraising $2,364

• 24b · Other expenses: VEHICLE & BOAT

  total $2,181 · program services $2,181

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $177,456 · end of year $68,480

• 2 · Savings and temporary cash investments

  beginning of year $718,640 · end of year $427,762

• 3 · Pledges and grants receivable

  beginning of year $193,293 · end of year $209,353

• 4 · Accounts receivable

  beginning of year $68,278 · end of year $80,017

• 8 · Inventories for sale or use

  beginning of year $16,216 · end of year $14,458

• 9 · Prepaid expenses and deferred charges

  beginning of year $817 · end of year $1,125

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

  $1,634,456

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

  $905,864

• 10c · Land, buildings and equipment, net

  beginning of year $748,701 · end of year $728,592

• 11 · Investments: publicly traded securities

  beginning of year $124,030 · end of year $361,724

• 15 · Other assets

  beginning of year $124,978 · end of year $54,057

• 17 · Accounts payable and accrued expenses

  beginning of year $197,220 · end of year $213,201

• 19 · Deferred revenue

  beginning of year $283,377 · end of year $276,379

• 23 · Secured mortgages and notes payable

  beginning of year $492,314 · end of year $474,342

• 25 · Other liabilities

  beginning of year $128,910 · end of year $52,269

• 27 · Net assets without donor restrictions

  beginning of year $430,058 · end of year $335,780

• 28 · Net assets with donor restrictions

  beginning of year $640,530 · end of year $593,597

The filer's explanations (Part III)

PART I, LINE 7

BONUSES ARE BASED ON PERFORMANCE. EACH MANAGER PROVIDES A SUGGESTION FOR THEIR RESPECTIVE EMPLOYEE. THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S YEAR-END BONUS BASED ON PERFORMANCE.