Liabilities / Assets
31st percentile
Higher debt load relative to assets than 31% of similar nonprofits.
990 • Fiscal year 2017 • EIN 05-0476508
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
31st percentile
Higher debt load relative to assets than 31% of similar nonprofits.
Liabilities / Revenue
33rd percentile
Higher debt load relative to revenue than 33% of similar nonprofits.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
49th percentile
Higher top officer pay than 49% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Assets
Up$754,610
Up $357,956 (+90%) from 2016
Net Assets
Up$752,664
Up $356,025 (+90%) from 2016
Liabilities
Up$1,946
Up $1,931 (+12873%) from 2016
Revenue
Up$392,050
Up $346,762 (+766%) from 2016
Expenses
Up$36,025
Up $3,803 (+12%) from 2016
Net Income
Up$356,025
Up $342,959 (+2625%) from 2016
Beavertail lighthouse museum association is dedicated to the education of the general public and preservation of beavertail's historic buildings and rich history as a center for lighthouse development.
Beavertail Lighthouse Musuem Association is dedicated to the education of the general public and preservation of Beavertail's historic buildings and rich history as a center for lighthouse development.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $79,487 | $402,153 | ▲ $322,666 |
| Land, Buildings, and Equipment, Net | $253,871 | $331,731 | ▲ $77,860 |
| Inventories for Sale or Use | $8,118 | $11,126 | ▲ $3,008 |
| Cash and Non-Interest-Bearing Accounts | $55,178 | $9,600 | ▼ $45,578 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $396,654 | $754,610 | ▲ $357,956 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $15 | $1,943 | ▲ $1,928 |
| Other Liabilities | - | $3 | - |
| Total Liabilities | $15 | $1,946 | ▲ $1,931 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $373,737 | $407,719 | ▲ $33,982 |
| Permanently Rstr Net Assets | - | $305,739 | - |
| Temporarily Rstr Net Assets | $22,902 | $39,206 | ▲ $16,304 |
| Total Net Assets Fund Balance | $396,639 | $752,664 | ▲ $356,025 |
| Total Liabilities and Net Assets / Fund Balance | $396,654 | $754,610 | ▲ $357,956 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $324,191 | $46,248 | $370,439 |
| Equipment | $6,977 | $10,464 | $17,441 |
| Other Land Buildings | $563 | $4,383 | $4,946 |
| Name | Title |
|---|---|
| Suzi Andrews | President |
| Stewart Morgan | Vice President |
| Clarice Willis | Director |
| David Smith | Director |
| Diane Bakley | Director |
| Dorrie Linn | Director |
| Linda Warner | Director |
| Nicole Contino | Director |
| Robert Dutson | Director |
| Steve Meade | Director |
| Varoujan Karentz | Director |
| Joan Vessella | Secretary |
| C Richard Koster | Treasurer |
| Sandra M Paterson | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $36,025 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $6,304 | $6,304 | - | $12,608 |
| Fees for Services Accounting | $2,121 | $2,121 | - | $4,242 |
| Insurance | $1,485 | $1,484 | - | $2,969 |
| All Other Expenses | $1,732 | $1,049 | - | $2,781 |
| Advertising | $1,571 | $100 | - | $1,671 |
| Other Expenses | $655 | $1,000 | - | $1,000 |
| Office Expenses | $428 | $428 | - | $856 |
| Conferences and Meetings | - | $15 | - | $15 |
| Total Functional Expenses | $19,351 | $16,674 | $0 | $36,025 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $9,319 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Captial Campaign | $315,338 | - | $9,319 | - |
| Total Events | $315,338 | - | $9,319 | $-9,319 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Rounding | $3 |
“Organization has members. Members assist in supporting the 501-C3 through their membership fees. Members have voting rights.”
“The boards role and legal obligation is to oversee the administration (management) of the organization and ensure that the organization fulfills its mission. The Board Members meet monthly where they monitor, guide, and enable good management decisions on current topics and issues. The board generally utilizes a voting decision where by making powers regarding matters of policy, direction, strategy, and governance of the organization to authorize major transactions or other actions. The Board oversee matters critical to the health of the organization including involving fundamental matters such as the viability of its business model, the integrity of its internal systems and controls, and the accuracy of its financial statements. And lastly the Board Members steward the resources of the organization for the longer run by carefully reviewing annual budgets and evaluating operations and by encouraging foresight through several budget cycles, considering investments in light of future evolution, and planning for future capital needs.”
“Sandra Paterson, Treasurer23 Fox Run Jamestown, RI 02835”
“No review was or will be conducted.”
“Requests for forms 1023 and/or form 990/990EZ must be requested in writing and sent to PO Box 83, Jamestown, RI, 02835. The organization will respond to this inquire within 30 days from the date the written request is recieved. (A request that is faxed, e-mailed or sent by private courier is considered a written request.) Photo copy fees & U.S. Post Office postage is applicable for mailed request to requester.”
“Requests for forms 1023 and/or form 990/990EZ must be requested in writing and sent to PO Box 83, Jamestown, RI, 02835. The organization will respond to this inquire within 30 days from the date the written request is recieved. (A request that is faxed, e-mailed or sent by private courier is considered a written request.) Photo copy fees & U.S. Post Office postage is applicable for mailed request to requester.”
“OTHER PROGRAM SERVICES 4: Champlin Foundation Grant Awarded in 2009 continued to utilize the last of this grant for general improvements in calendar year 2011. With this improvement grant the Beavertail Light House Musuem Association continued with its mission in the education of the general public and preservation of the historic buildings through various general and major improvments. These improvements included replaced windows and saches, metal work, and electrical improvments to the museum, the light house keepers quarters, and to the small garage that is utilized as educational building on the property. OTHER PROGRAM SERVICES 5: The Van Beuren Charitable Foundation Grant awarded in 2012 in the amount of $112,000 will be used for Beavertail Light House site preservation and museum expansion project. Another continued preservation effort of this historic site for the over 25,000 vistors annually to enjoy. The Van Beurn Grant continued in 2013 to be utilized for the museum and gift shop expansion and restoration for the over 35,000 vistors who visted the historical preserved site of Beavertail Light House Museum.The Van Beurn Grant continued in 2014 to be utilized for ther museum and gift shop restorations. The Story Board and Theater Room with a 44" wall mount touch screen was installed to provide an interactive experience for the over 39,000 vistors in 2014. Two new video modules have been added to the large touch screen display in the interactive room. They include the NewportIda Lewis Story and the Fog Signal Building Restoration. OTHER PROGRAM SERVICES 6: Fog Signal Building Restoration: Year end 2013 closed with a a generous $12,975 matching grant from the Champlin Foundations for the external repair and restoration of te Fog Signal building. The building was built after the 1938 hurricane and used by the US Coast Guard until 1972 when the fog signal was automated and moved across the road. Recently the building has been used as a Naturalist Center and Aquarium during summer months opened to BLHMA vistors. The building now requires extensive repair and donations to help pay for the BLMA $12,975 match from the Champlin Foundations will be under way in 2014 to help fund this project. Year end 2014 the the exterior restoration of the Fog Signal Building and installation of two replica fog horns trumpets was completed. OTHER PROGRAM SERVICES 7: Granite Stone Retrieval: The retrieval of a carved granite stone from the Harvey Payton Schooner wreck of 1859 began in 2015 and will continue in 2016 as a few setbacks were encountered in 2015 on this program project. OTHER PROGRAM SERVICES 8: Fresnel Lens Repair: In 2015 BLHM continue to access the repairs of damage that have occurred over the years to the Fresnel Lens Prisms & in 2016 they will continue to seek funds/grants for these repairs. OTHER PROGRAM SERVICES 9: In 2015 and continuing into 2016 members of the BLHM continue to design QR Project (Quick Response Codes), yet another educational learning tool. When completed vistors will be able to learn about BLHMA visual overlooks or subjects of interest by scanning a UP obtical lable on signs around the property. These UP lables will provide a link back to BLHMA's web site for more information about this historical site and it's surroundings. OTHER PROGRAM SERVICES 10: In 2016 and continuing into 2017 members & volunteers of the BLHM continue to promote the 2016/2017 Matching Gift Campaign asd it moves into high gear inviting members, the community, & vistors to contribute. For evey donation made there will be a matched dollar for dollar donation by local historian James Buttrick. Currently the funds have been designated for new educational programs, new building projects, & new equipment. OTHER PROGRAM SERVICES 11: At the close of 2017 Beavertail Lighthouse Museum Association continued with their Capital Campaign and established an Endowment Fund of which over 50% of the $600,000 goal was attained by year end 2017. This inv”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/MissionDesc | 0 | Beavertail Lighthouse Musuem Association is dedicated to the education of the general public and preservation of Beavertail's historic buildings and rich history as a center for lighthouse development. |
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| IRS990/OtherExpensesGrp/Desc | 1 | Maintenance |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Lighthouse tower restoration completion: after being awarded a grant of $227,000 from the Champlin Foundations in December 2007 and in April 2009 a $50,000 matching grant from the RI Historical Preservation and Heritage Commission, the BLMA hired the Abcore Restoration Company, Inc. of Narragansett, RI, to carry out restoration work in the summer and fall of 2009. The exterior stonework was repointed, and the lantern and interior were fully restored. At the same time, significant repairs were carried out on the two dwellings. The project was completed in October 2009 and a grand reopening inviting the public to enjoy its beauty.In 2013 approval was granted from the Coast Guard to open an original tower entrance that had been boarded up in the hallway of the musuem. This new entrance to the tower was completed and fire proof doors were installed. Changes to the electrical room at the base of the tower were made, and finanally in 2013 the hallway floors, walls, and hand rails were all refurbished. Most of this work was supported through funds from the Van Beuren Grant and tower vistor donations. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Building Restoration Capital Capaign: Additional building improvements to the Museum buildings including repairs and improvements to the Inn Keepers Quarters. In 2013 The building restorations will continue to out buildings on the Beavertail Light House property utilizing funds from capaign, grants, & personal donations.2013 was a year of great strides in museum expansion: with a new relocated larger gift shop, a point of sale system installed and operational in spring of 2013, renovations to the main musuem building keepers quarters, first floor kitchen removed and a new smaller compact kitchen was built on the second floor, a new theater and interactive rooms were completed. These three rooms in addition to 11 new wall storyboard panels increases the museum's exhibit venue and will provide Beavertail vistors new historical experiences. The theater seats 12 people and shows a continueous DVD loop with history of RI Lighthouses. The interactive room in the musuem contains a state of the art touch screen display providing visitors interactive electronic exhibit experience. The old lens room panels were completly redesigned with five historical wall panels with dimensional visual information story boards. These panels will provide vistors interesting information about lens technology that the old panels lacked.2015 Funds from the VanBuren Fund used for repairs to the keepers house. |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.