Overview
What is Save The Light Inc?
Save The Light Inc is a dedicated nonprofit organization based in Charleston, South Carolina. Their primary objective is to preserve the Morris Lighthouse, which is under the ownership of the state. The organization has invested significantly in this project and anticipates that the restoration process will require several years, mainly due to the challenge of amassing sufficient funds. Save The Light Inc's mission is rooted in its commitment to safeguard this historical landmark, ensuring its preservation for future generations.
Official website here: www.savethelight.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Save The Light Inc has received a low score of 36%, resulting in a Zero-Star out of Four Star rating. This score reflects significant deficiencies in accountability and financial transparency, crucial for donor trust and effective governance. The organization has not demonstrated independent oversight, as indicated by having no independent board members, which raises concerns about its leadership structure.
While the organization does show a decent program expense ratio of 57.38%, indicating some level of commitment to its mission, its overall financial management is called into question by the absence of key policies and documentation. Notably, it lacks a conflict of interest policy, a whistleblower policy, and documentation of board meeting minutes, all of which are vital for operational transparency and ethical governance.
The financial statements are also absent, which severely limits the ability of stakeholders to assess the charity's financial health and accountability. Overall, while Save The Light Inc may be engaged in meaningful programming, the significant gaps in governance and transparency raise concerns for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Save The Light Inc legitimate?
Save The Light Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Save The Light 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: $39,726
For more financial information, click here
Official website here: www.savethelight.org/
What is the mission statement of Save The Light Inc?
Save The Light Inc's mission revolves around the preservation of a historical landmark, specifically the Morris Lighthouse. The organization, dedicated to this cause, is striving to safeguard and maintain the lighthouse. Due to financial requirements and the extensive nature of the project, the preservation process is expected to take several years. Save The Light Inc has already invested significantly in this endeavor, demonstrating its commitment to this mission. The lighthouse, being a valuable piece of heritage, is located in Charleston, South Carolina.
Official website here: www.savethelight.org/
Who is the CEO of Save The Light Inc?
Barry Mclaurin is the Treasurer of Save The Light Inc.
Official website here: www.savethelight.org/
What is the revenue of Save The Light Inc?
Save The Light Inc's revenue in 2022 was $895,929.
Official website here: www.savethelight.org/
Who are the executives of Save The Light Inc and what are their salaries?
The average compensation at Save The Light Inc during 2022 was $39,726. There is 1 employee at Save The Light Inc.
Here are 10 key members and their salaries:
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Official website here: www.savethelight.org/
Where can I find the form 990 for Save The Light Inc?
Save The Light Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.savethelight.org/
Learn more at the official website: www.savethelight.org/
Mission Statement of Save The Light Inc
Save The Light Inc is committed to preserving a significant historical landmark, namely, the Morris Lighthouse. As the organization's mission, Save The Light Inc aims to safeguard this lighthouse, which is under the ownership of the state of SC. The organization's primary objective is to save the lighthouse, a task that requires considerable time and financial resources. The process of preservation is expected to take several years due to the need to accumulate substantial funds. The Morris Lighthouse, located in Charleston, SC, is the focus of Save The Light Inc's efforts. The organization has already invested excessively in this project, demonstrating its unwavering dedication to preserving this iconic landmark.
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Impact
July, 2024
Save The Light Inc's impact is evident in its dedicated efforts towards preserving the Morris Lighthouse in Charleston, SC. By focusing solely on this preservation project, the organization is ensuring that this historic landmark is saved for future generations to appreciate. Through their work, Save The Light Inc is contributing to the rich cultural heritage of the region and making a significant impact on the community by safeguarding an important piece of history.
This information is meant to be a general summary of Save The Light 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: $2,444
- Gross Receipts: $911,609
Assets and Liabilities:
- Total Assets: $2,174,094
- Total Liabilities: $0
- Net Assets: $2,174,094
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Organization Details
Founding Year
1999
Phone
(843) 442-5684Principal Officer
Barry Mclaurin
Main Address
1070 SEA EAGLE WATCH, JAMES ISLAND, SC, 29412
Website
www.savethelight.org/NTEE Category
Code: S30 - Community improvement
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