Overview
What is Cohasset Lightkeepers Corporation?
The Cohasset Lightkeepers Corporation is a nonprofit organization dedicated to preserving local history by renovating and operating a historic building, owned by the municipality, as a recreational facility in Massachusetts. Its primary mission is the maintenance and operation of this building, which they transform into a public space for community use. By doing so, they contribute to the preservation of the area's heritage, providing a unique venue for leisure and social activities.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 73%, Two-Star out of Four Star rating.
Cohasset Lightkeepers Corporation has received a 73% rating from Charity Navigator, which reflects a focus solely on accountability and finance metrics. This rating indicates that while the organization has strong financial health, there may be areas where it could improve overall performance. The organization demonstrates a high level of accountability with 100% of its board members being independent and a strong record in managing its assets effectively.
Strengths highlighted in the review include a complete absence of asset diversion and documentation of board meeting minutes, both of which contribute positively to its accountability score. Furthermore, the organization has an excellent program expense ratio of 82.74%, indicating that a significant portion of its expenditures is directed toward its programs, showcasing commitment to its mission.
However, the two-star rating suggests that while the financial metrics are strong, there may be limitations in other areas such as transparency or programmatic effectiveness that are not captured in this financial overview. Future evaluations may benefit from broader assessments of its impact and community engagement efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Cohasset Lightkeepers Corporation legitimate?
Cohasset Lightkeepers Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cohasset Lightkeepers Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,958
For more financial information, click here
What is the mission statement of Cohasset Lightkeepers Corporation?
The Cohasset Lightkeepers Corporation's mission revolves around preserving local history. They achieve this by renovating and operating a historic municipal building, transforming it into a recreational facility for public use. By doing so, they contribute to the cultural heritage and provide a place for community engagement. Their efforts are geared towards maintaining the building's historical significance while offering it for public enjoyment.
Who is the CEO of Cohasset Lightkeepers Corporation?
Jack Delorenzo is the Director of Cohasset Lightkeepers Corporation.
What is the revenue of Cohasset Lightkeepers Corporation?
Cohasset Lightkeepers Corporation's revenue in 2022 was $57,266.
Who are the executives of Cohasset Lightkeepers Corporation and what are their salaries?
There 20 volunteers at Cohasset Lightkeepers Corporation.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Cohasset Lightkeepers Corporation?
Cohasset Lightkeepers Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cohasset Lightkeepers Corporation
The Cohasset Lightkeepers Corporation, a dedicated non-profit organization, is committed to the preservation of local history. By taking on the responsibility of renovating and operating a historic municipal building, the Corporation transforms it into a recreational facility accessible to the public. Through their mission, they strive to safeguard the area's heritage, ensuring that it remains a vital part of the community's identity.
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Impact
June, 2024
Cohasset Lightkeepers Corporation's impact lies in preserving local history and heritage by renovating and operating a municipal-owned historic building in Massachusetts for public use. Through their activities, they offer a recreational facility that not only benefits the local community but also contributes to the preservation of historical landmarks.
This information is meant to be a general summary of Cohasset Lightkeepers Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,770
- Program Service Revenue: $41,500
- Gross Receipts: $73,695
Assets and Liabilities:
- Total Assets: $123,777
- Total Liabilities: $0
- Net Assets: $123,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Hall Rental
Revenue
$41,500
Organization Details
Founding Year
1992
Phone
(781) 383-1433Principal Officer
Jack Delorenzo
Main Address
PO Box 514, Cohasset, MA, 02025
NTEE Category
Code: C99Z - Environment
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