Overview
What is Rose Island Lighthouse And Fort Hamilton Trust Inc?
Rose Island Lighthouse and Fort Hamilton Trust Inc is a nonprofit organization situated in Newport, Rhode Island. Their primary mission is to preserve the historical and environmental integrity of Rose Island, maintaining and conserving the lighthouse as a historical monument while providing educational opportunities for the public. The trust aims to preserve the surrounding island environment as a natural habitat, offering experiences for both adults and children, including staying at the lighthouse and functioning as a lighthouse keeper. Their operations are supported by a team of 12 dedicated individuals.
Official website here: www.roseislandlighthouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
The Rose Island Lighthouse and Fort Hamilton Trust Inc has received a two-star rating from Charity Navigator, indicating that there are areas for improvement in the nonprofit's operations. The organization scored 69% overall, reflecting its current accountability and finance practices as needing enhancement. However, the majority of the board members are independent, and the organization has demonstrated good practices in documenting board meeting minutes and listing its website on the tax form.
Strengths of the organization include a solid program expense ratio of 77.22%, suggesting that a significant portion of its budget is directed towards its programs. Furthermore, the liabilities to assets ratio is favorable at 15.69%, indicating a lower level of debt when compared to its assets. These metrics highlight the trust's capability to manage its resources effectively and prioritize its mission.
Despite its strengths, the overall rating suggests that the organization still has room for growth, particularly in areas that could enhance transparency and improve operational practices. Continued focus on these aspects may help the trust to strengthen its standing and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Rose Island Lighthouse And Fort Hamilton Trust Inc legitimate?
Rose Island Lighthouse And Fort Hamilton Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rose Island Lighthouse And Fort Hamilton Trust Inc 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: $6,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,139
For more financial information, click here
Official website here: www.roseislandlighthouse.org
What is the mission statement of Rose Island Lighthouse And Fort Hamilton Trust Inc?
The Rose Island Lighthouse and Fort Hamilton Trust Inc. is a non-profit organization with a mission to safeguard the historic and environmental integrity of Rose Island. They strive to maintain and preserve the Rose Island Lighthouse as a historical landmark, offering education and public access to all individuals. Furthermore, they aim to preserve the island's surrounding grounds as a natural sanctuary, fostering biodiversity and environmental conservation. The Trust's activities also include providing educational opportunities, promoting public awareness, and fostering a connection between people and this significant historic site.
Official website here: www.roseislandlighthouse.org
Who is the CEO of Rose Island Lighthouse And Fort Hamilton Trust Inc?
Sean O'Connor is the President of Rose Island Lighthouse And Fort Hamilton Trust Inc.
Official website here: www.roseislandlighthouse.org
What is the revenue of Rose Island Lighthouse And Fort Hamilton Trust Inc?
Rose Island Lighthouse And Fort Hamilton Trust Inc's revenue in 2022 was $581,833.
Official website here: www.roseislandlighthouse.org
Who are the executives of Rose Island Lighthouse And Fort Hamilton Trust Inc and what are their salaries?
The average compensation at Rose Island Lighthouse And Fort Hamilton Trust Inc during 2022 was $7,489. There are 12 employees at Rose Island Lighthouse And Fort Hamilton Trust Inc.
Here are 11 key members and their salaries:
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- Compensation: $6,731
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Official website here: www.roseislandlighthouse.org
Where can I find the form 990 for Rose Island Lighthouse And Fort Hamilton Trust Inc?
Rose Island Lighthouse And Fort Hamilton Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.roseislandlighthouse.org
Learn more at the official website: www.roseislandlighthouse.org
Mission Statement of Rose Island Lighthouse And Fort Hamilton Trust Inc
The Rose Island Lighthouse and Fort Hamilton Trust is a dedicated non-profit organization with a mission to safeguard the historical and environmental character of Rose Island. Its primary objectives include the preservation and maintenance of the Rose Island Lighthouse as a significant historical landmark, offering opportunities for education and public access to all individuals. Furthermore, the Trust aims to protect the surrounding island grounds, maintaining them as a pristine natural habitat. By carrying out these initiatives, the Rose Island Lighthouse and Fort Hamilton Trust ensures the conservation of this valuable heritage while promoting public engagement and appreciation for its historical and environmental significance.
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Impact
July, 2024
Rose Island Lighthouse and Fort Hamilton Trust Inc has a significant impact on preserving the historic and environmental integrity of Rose Island. By maintaining and preserving the Rose Island Lighthouse as a historic monument, the trust ensures that this important piece of maritime history is protected for future generations. Additionally, their efforts to provide education and public access to the island allow people of all ages to learn about maritime history, preservation, and resource conservation.
The trust's commitment to preserving the surrounding grounds of the island as a natural habitat also contributes to the conservation of local ecosystems. Through educational programs and the unique experience of staying at the Rose Island Lighthouse, individuals have the opportunity to immerse themselves in a historically and environmentally rich environment.
Overall, Rose Island Lighthouse and Fort Hamilton Trust Inc plays a key role in raising awareness about the importance of preserving historic landmarks and natural habitats, while providing valuable educational experiences for both children and adults.
This information is meant to be a general summary of Rose Island Lighthouse And Fort Hamilton Trust Inc. 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: $33,219
- Program Service Revenue: $372,720
- Gross Receipts: $608,295
Assets and Liabilities:
- Total Assets: $1,777,877
- Total Liabilities: $278,974
- Net Assets: $1,498,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Lighthouse keeping
Revenue
$294,182
Tours and admissions
Revenue
$52,261
Island transportation
Revenue
$26,277
Organization Details
Founding Year
1984
Phone
(401) 847-4242Principal Officer
Sean O'Connor
Main Address
PO Box 1419, Newport, RI, 02840
Website
www.roseislandlighthouse.orgNTEE Category
Code: A800 - Arts
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