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Nonprofiteer
← NANTUCKET LIGHTHOUSE SCHOOL INC

Form 990 for tax year 2024

Filed by NANTUCKET LIGHTHOUSE SCHOOL INC.

Totals

Total revenue
$2,980,611
Total expenses
$2,953,763
Contributions and grants received
$472,586
Grants paid
$404,640
Program service revenue
$2,392,837
Investment income
$21,425
Other revenue
$93,763
Total assets, end of year
$4,109,717
Total liabilities, end of year
$1,934,805
Net assets or fund balances, end of year
$2,174,912
Program services expenses (Part IX)
$2,227,372
Management and general expenses
$620,611
Fundraising expenses
$105,780
Program service expenses (Part III)
$2,227,372

Program services were 75.4% 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

    $58,760

  • 1f · All other contributions, gifts and grants

    $413,826

  • 1g · Noncash contributions included above

    $44,468

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

    total $2,392,837 · related or exempt $2,392,837

  • 3 · Investment income

    total $21,366 · excluded $21,366

  • 7a · Gross sales of assets other than inventory

    securities $516,297

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

    securities $516,238

  • 7c · Gain or loss

    securities $59

  • 7d · Net gain or loss

    total $59 · excluded $59

  • 8a · Fundraising events: gross income

    $151,018

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

    $58,760

  • 8b · Fundraising events: direct expenses

    $68,466

  • 8c · Net income from fundraising events

    total $82,552 · excluded $82,552

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $11,211 · excluded $11,211

  • 11e · Other revenue, total

    $11,211

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $404,640 · program services $404,640

  • 5 · Compensation of officers, directors and key employees

    total $162,498 · management and general $142,061 · fundraising $20,437

  • 7 · Other salaries and wages

    total $1,404,245 · program services $1,113,456 · management and general $243,233 · fundraising $47,556

  • 8 · Pension plan contributions

    total $29,654 · program services $20,417 · management and general $7,851 · fundraising $1,386

  • 9 · Other employee benefits

    total $132,543 · program services $63,341 · management and general $58,822 · fundraising $10,380

  • 10 · Payroll taxes

    total $137,160 · program services $100,716 · management and general $30,978 · fundraising $5,466

  • 11b · Fees: legal

    total $1,738 · management and general $1,738

  • 11c · Fees: accounting

    total $38,920 · management and general $38,920

  • 11f · Fees: investment management

    total $775 · management and general $775

  • 11g · Fees: other

    total $42,897 · program services $24,259 · management and general $7,352 · fundraising $11,286

  • 12 · Advertising and promotion

    total $3,093 · management and general $2,887 · fundraising $206

  • 13 · Office expenses

    total $10,653 · program services $3,756 · management and general $1,258 · fundraising $5,639

  • 16 · Occupancy

    total $194,549 · program services $184,822 · management and general $9,727

  • 17 · Travel

    total $17,802 · program services $16,765 · management and general $1,037

  • 20 · Interest

    total $26,741 · program services $22,058 · management and general $4,683

  • 22 · Depreciation, depletion and amortization

    total $146,447 · program services $139,125 · management and general $7,322

  • 23 · Insurance

    total $39,774 · program services $35,969 · management and general $3,805

  • 24a · Other expenses: EQUIPMENT & SUPPLIES

    total $85,678 · program services $73,720 · management and general $9,797 · fundraising $2,161

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

    total $30,307 · management and general $30,307

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $14,740 · program services $14,740

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $14,739 · program services $9,588 · management and general $5,151

  • 24e · All other expenses

    total $14,170 · management and general $12,907 · fundraising $1,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,023 · end of year $233,908

  • 2 · Savings and temporary cash investments

    beginning of year $383,550 · end of year $241,248

  • 4 · Accounts receivable

    beginning of year $1,372 · end of year $5,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,426 · end of year $92,436

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

    $4,794,975

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

    $1,774,323

  • 10c · Land, buildings and equipment, net

    beginning of year $3,167,099 · end of year $3,020,652

  • 11 · Investments: publicly traded securities

    end of year $515,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,771 · end of year $138,754

  • 19 · Deferred revenue

    beginning of year $853,708 · end of year $1,161,442

  • 23 · Secured mortgages and notes payable

    beginning of year $656,368 · end of year $634,609

  • 27 · Net assets without donor restrictions

    beginning of year $1,713,623 · end of year $1,621,608

  • 28 · Net assets with donor restrictions

    beginning of year $427,000 · end of year $553,304

Mission and programs · 2024

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 $2,227,372 · Grants $404,640 · Revenue $2,392,837

As filed on the 2024 return.

Listed in Part VII

  • Laura Cunningham

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Scott Nelson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Feindel

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Patrick McEvoy

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Virginia Bullington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lizbet Carroll Fuller Emerita

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Susan Fitzpatrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joseph Freeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Erin Henry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Schultz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kara Titone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kim Wepler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Emily Miller

    HEAD OF SCHOOL

    Total calculated
    $150,883
    From this org
    $136,246
    From related orgs
    $0
    Other
    $14,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,246
    Bonus
    $0
    Other
    $0
    Deferred
    $5,479
    Nontaxable benefits
    $9,158
    Filer's total
    $150,883

  • Olga Vasko

    BUSINESS MANAGER

    Total calculated
    $38,047
    From this org
    $26,252
    From related orgs
    $0
    Other
    $11,795
    Hours/week
    40

  • Amanda Torchia

    HEAD OF SMALL SCHOOL

    Total calculated
    $107,456
    From this org
    $103,640
    From related orgs
    $0
    Other
    $3,816
    Hours/week
    40

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
2024
Filed
28 April 2026
IRS schema version
2024v5.5
Source object
202621189349301512

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