Overview
What is The Lighthouse Works Inc?
The Lighthouse Works Inc, located in the postal box 385, Fisher's Island, New York, is a dedicated nonprofit organization with a focus on nurturing artistic talent. They achieve this goal through a fellowship program, providing a conducive environment for artists to grow and develop. Moreover, the organization contributes to the overall cultural vitality of Fisher's Island, ensuring a year-round cultural presence. The organization's team consists of four dedicated individuals, working tirelessly to fulfill its mission.
Official website here: www.thelighthouseworks.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Lighthouse Works Inc has achieved an impressive Four-Star rating from Charity Navigator, signifying its strong accountability and financial performance. With a perfect score of 100% in various governance metrics, the organization demonstrates a solid commitment to transparency and ethical practices. Its excellent fiscal management reflects a well-structured independent board and stringent financial control measures.
The organization’s metrics indicate robust financial health, with a program expense ratio of 81.70%, highlighting its dedication to programmatic spending over administrative costs. Additionally, the absence of material diversions of assets, coupled with a very low liabilities-to-assets ratio of 0.05%, speaks to the organization's prudent financial practices.
While the data reflects a strong performance in financial accountability, ongoing engagement and feedback from beneficiaries could provide a fuller picture of its impact. Overall, The Lighthouse Works Inc stands out for its financial integrity and governance, making it a trustworthy nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is The Lighthouse Works Inc legitimate?
The Lighthouse Works Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lighthouse Works 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,000
For more financial information, click here
Official website here: www.thelighthouseworks.com
What is the mission statement of The Lighthouse Works Inc?
The Lighthouse Works Inc is committed to fostering the growth of artists through a fellowship program. Additionally, it is dedicated to promoting year-round cultural vibrancy. This organization's mission aims to nurture artistic talent and contribute to a culturally enriched environment. By offering a fellowship program, The Lighthouse Works Inc provides artists with an opportunity to develop their skills and contribute to a diverse artistic landscape. Furthermore, the organization's focus on year-round cultural vitality ensures that the artistic community remains active and engaged throughout the year.
Official website here: www.thelighthouseworks.com
What is the revenue of The Lighthouse Works Inc?
The Lighthouse Works Inc's revenue in 2023 was $1,049,871.
Official website here: www.thelighthouseworks.com
Who are the executives of The Lighthouse Works Inc and what are their salaries?
The average compensation at The Lighthouse Works Inc during 2023 was $65,667. There are 3 employees and 20 volunteers at The Lighthouse Works Inc.
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Official website here: www.thelighthouseworks.com
Where can I find the form 990 for The Lighthouse Works Inc?
The Lighthouse Works Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thelighthouseworks.com
Learn more at the official website: www.thelighthouseworks.com
Mission Statement of The Lighthouse Works Inc
The Lighthouse Works Inc is committed to fostering the growth of artists and promoting the year-round cultural vitality of its community. This nonprofit organization achieves this mission through a fellowship program, providing a platform for artists to develop their skills and talents. By doing so, The Lighthouse Works Inc contributes to the artistic landscape, enriching the cultural scene of its community.
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Impact
July, 2024
The Lighthouse Works Inc's impact lies in its dedication to fostering artist development through a fellowship program and enhancing the cultural vibrancy of Fisher's Island year-round. The organization's commitment to supporting artists and cultivating a thriving artistic community contributes significantly to the cultural landscape of Fisher's Island, New York.
This information is meant to be a general summary of The Lighthouse Works 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 2023.
- Investment Income: $1,940
- Program Service Revenue: $20,679
- Gross Receipts: $1,168,147
Assets and Liabilities:
- Total Assets: $1,653,014
- Total Liabilities: $896
- Net Assets: $1,652,118
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART SALES
Revenue
$10,980
PROGRAM FEES AND SALES
Revenue
$9,699
Organization Details
Founding Year
2012
Principal Officer
Mary Burnham
Website
www.thelighthouseworks.comNTEE Category
Code: A25 - Arts
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