Civic Intelligence

Friends of Sakonnet Lighthouse Inc

EIN 22-2559874 • 501(c)3 • Little Compton, RI

Profile

To restore and maintain sakonnet lighthouse.

PO Box 154Little Compton, RI 02837

www.sakonnetlighthouse.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,883,595

Up $264,170 (+16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,883,595

Up $264,170 (+16%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin95th percentile

Revenue

Up

$129,934

Up $15,224 (+13%) from 2023

Expenses

Down

$31,356

Down $52,713 (-63%) from 2023

Net Income

Up

$98,578

Up $67,937 (+222%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $956,681Liabilities 2011: $0Net Assets 2011: $956,6812011Assets 2012: $580,911Liabilities 2012: $0Net Assets 2012: $580,9112012Assets 2013: $644,771Liabilities 2013: $0Net Assets 2013: $644,7712013Assets 2014: $746,540Liabilities 2014: $0Net Assets 2014: $746,5402014Assets 2015: $764,628Liabilities 2015: $0Net Assets 2015: $764,6282015Assets 2016: $816,524Liabilities 2016: $0Net Assets 2016: $816,5242016Assets 2017: $973,479Liabilities 2017: $0Net Assets 2017: $973,4792017Assets 2018: $937,324Liabilities 2018: $0Net Assets 2018: $937,3242018Assets 2019: $1,111,163Liabilities 2019: $0Net Assets 2019: $1,111,1632019Assets 2020: $1,264,515Liabilities 2020: $0Net Assets 2020: $1,264,5152020Assets 2021: $1,541,469Liabilities 2021: $0Net Assets 2021: $1,541,4692021Assets 2022: $1,444,960Liabilities 2022: $0Net Assets 2022: $1,444,9602022Assets 2023: $1,619,425Liabilities 2023: $0Net Assets 2023: $1,619,4252023Assets 2024: $1,883,595Liabilities 2024: $0Net Assets 2024: $1,883,5952024

Highlighted filing

2024

Assets$1,883,595
Liabilities$0
Net Assets$1,883,595
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $829,9382011Revenue 2012: $148,401Expenses 2012: $514,471Net Income 2012: -$366,0702012Expenses 2013: $22,5152013Revenue 2014: $28,651Expenses 2014: $32,608Net Income 2014: -$3,9572014Revenue 2015: $38,841Expenses 2015: $31,701Net Income 2015: $7,1402015Revenue 2016: $53,415Expenses 2016: $33,284Net Income 2016: $20,1312016Revenue 2017: $48,122Expenses 2017: $23,350Net Income 2017: $24,7722017Revenue 2018: $59,982Expenses 2018: $49,871Net Income 2018: $10,1112018Revenue 2019: $42,656Expenses 2019: $23,946Net Income 2019: $18,7102019Revenue 2020: $55,956Expenses 2020: $23,878Net Income 2020: $32,0782020Revenue 2021: $86,454Expenses 2021: $46,421Net Income 2021: $40,0332021Revenue 2022: $87,123Expenses 2022: $14,083Net Income 2022: $73,0402022Revenue 2023: $114,710Expenses 2023: $84,069Net Income 2023: $30,6412023Revenue 2024: $129,934Expenses 2024: $31,356Net Income 2024: $98,5782024

Highlighted filing

2024

Revenue$129,934
Expenses$31,356
Net Income$98,578
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,883,595
Liabilities
$0
Net assets
$1,883,595
Revenue
$129,934
Expenses
$31,356
Net income
$98,578
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.13$0.03$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.11$0.08$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.09$0.01$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.09$0.05$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.06$0.02$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.04$0.02$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.06$0.05$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.05$0.02$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.05$0.03$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.04$0.03$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.03$0.03$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$0.02
2012Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.15$0.51$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$0.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 17, 2025
Return Version
2024v5.1
Gross Receipts
$126,507
Mission and Program Overview

Mission

NONE

To restore and maintain sakonnet lighthouse.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,619,425$1,883,595▲ $264,170
Cash and Non-Interest-Bearing Accounts$101,477$96,383▼ $5,094
Inventories for Sale or Use-$8,866-
Savings and Temporary Cash Investments-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,619,425$1,883,595▲ $264,170
Other Assets Total$1,517,948$1,778,346▲ $260,398
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,619,425$1,883,595▲ $264,170
Total Liabilities and Net Assets / Fund Balance$1,619,425$1,883,595▲ $264,170

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,778,346--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
David OsbornPresident
Scott BrownPresident
A Michael SteersVice President
Andrew CavanaghVice President
Ben DawsonVice President
Nicholas M KelleyVice President
Sean NightingaleVice President
Arthur LewisDirector
Beth WrightDirector
Bunny MillikinDirector
Carol GregoryDirector
Charles DunnDirector
David HaffenrefferDirector
David WagnerDirector
Donald BacklundDirector
Gary SimonDirector
Jc ChandorDirector
Kevin CallaghanDirector
Lisa Lyons BradleyDirector
Murray Danforth IiiDirector
Myles ArkinsDirector
Nancy ClarkDirector
Paul CisselDirector
Ralph WatsonDirector
Richard BordeauDirector
Ted TruscottDirector
Thomas Buffum JrDirector
Valerie ThayerDirector
William MackintoshDirector
William NightingaleDirector
Carlota TaylorSecretary
David BordeauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$71,568
Program Service Revenue
$0
Investment Income
$19,989
Other Revenue
$38,377
All Other Contributions
$71,568
Change in Net Assets
$98,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$15,500$13,557-$13,557
Office Expenses-$1,149-$1,149
Fees for Services Accounting-$900-$900
Insurance-$250-$250
Total Functional Expenses$15,500$15,856$0$31,356
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Richard bordeau and david bordeau: family relationship. Sean nightingale and william nightingale: family relationship.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The treasurer and the president review form 990 before filing.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Friends of Sakonnet Lighthouse Inc
EIN
22-2559874
Phone
6177951875
Address
PO BOX 154, LITTLE COMPTON, RI 02837

Signing Officer

Name
David Bordeau
Title
Treasurer
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Ri
Voting Board Members
32
Independent Board Members
32
Employees
0

Preparer

Firm
Adam Financial LLP
Address
41 Long Wharf Mall, Newport, RI 02840
Preparer
Jeffrey C Adam CPA
Phone
4018461993
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“= $1500”

Form 990, Part XI, Line 9

“Foundation D Gift = $17133”

Form 990, Part XI, Line 9

“Inventory Adjustment = $0”

Form 990, Part XI, Line 9

“Other Adjustment = $0”

Form 990, Part XI, Line 9

“Pass-through from the ri foundation net realized gains = $98246”

Raw XML AppendixShowing 400 of 608 raw XML fields

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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