Civic Intelligence

Southeast Lighthouse Foundation

990 • Fiscal year 2020 • EIN 22-2933316

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 949Block Island, RI 02807

(401) 466-5009

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

40th percentile

2.4%

Faster asset growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,399,440

Up $81,227 (+2.4%) from 2019

Net Assets

Up

$3,389,168

Up $70,955 (+2.1%) from 2019

Liabilities

Up

$10,272

Up $10,272 from 2019

Revenue

Down

$203,855

Down $254,530 (-56%) from 2019

Expenses

Down

$132,900

Down $25,889 (-16%) from 2019

Net Income

Down

$70,955

Down $228,641 (-76%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,078,419Liabilities 2011: $0Net Assets 2011: $2,078,4192011Assets 2012: $2,020,318Liabilities 2012: $0Net Assets 2012: $2,020,3182012Assets 2013: $1,963,485Liabilities 2013: $0Net Assets 2013: $1,963,4852013Assets 2014: $1,927,215Liabilities 2014: $0Net Assets 2014: $1,927,2152014Assets 2015: $2,166,699Liabilities 2015: $0Net Assets 2015: $2,166,6992015Assets 2016: $2,972,312Liabilities 2016: $0Net Assets 2016: $2,972,3122016Assets 2017: $2,728,329Liabilities 2017: $0Net Assets 2017: $2,728,3292017Assets 2018: $3,018,617Liabilities 2018: $0Net Assets 2018: $3,018,6172018Assets 2019: $3,318,213Liabilities 2019: $0Net Assets 2019: $3,318,2132019Assets 2020: $3,399,440Liabilities 2020: $10,272Net Assets 2020: $3,389,1682020Assets 2021: $3,408,977Liabilities 2021: $0Net Assets 2021: $3,408,9772021Assets 2022: $3,776,046Liabilities 2022: $307,300Net Assets 2022: $3,468,7462022Assets 2023: $3,649,479Liabilities 2023: $307,300Net Assets 2023: $3,342,1792023Assets 2024: $3,510,125Liabilities 2024: $307,300Net Assets 2024: $3,202,8252024

Highlighted filing

2020

Assets$3,399,440
Liabilities$10,272
Net Assets$3,389,168

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $50,354Expenses 2011: $107,516Net Income 2011: -$57,1622011Revenue 2012: $53,762Expenses 2012: $111,863Net Income 2012: -$58,1012012Revenue 2013: $53,450Expenses 2013: $110,283Net Income 2013: -$56,8332013Revenue 2014: $71,920Expenses 2014: $108,190Net Income 2014: -$36,2702014Revenue 2015: $412,724Expenses 2015: $173,240Net Income 2015: $239,4842015Revenue 2016: $948,111Expenses 2016: $142,498Net Income 2016: $805,6132016Revenue 2017: $50,106Expenses 2017: $294,089Net Income 2017: -$243,9832017Revenue 2018: $436,986Expenses 2018: $146,698Net Income 2018: $290,2882018Revenue 2019: $458,385Expenses 2019: $158,789Net Income 2019: $299,5962019Revenue 2020: $203,855Expenses 2020: $132,900Net Income 2020: $70,9552020Revenue 2021: $211,692Expenses 2021: $191,884Net Income 2021: $19,8082021Revenue 2022: $268,960Expenses 2022: $209,191Net Income 2022: $59,7692022Revenue 2023: $90,170Expenses 2023: $216,737Net Income 2023: -$126,5672023Revenue 2024: $96,086Expenses 2024: $235,440Net Income 2024: -$139,3542024

Highlighted filing

2020

Revenue$203,855
Expenses$132,900
Net Income$70,955
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$547,623
Mission and Program Overview

Mission

To restore, preserve and protect the Southeast Lighthouse on Block Island; to increase the community's awareness, knowledge, and interest in the Lighthouse; to ensure access to the community and use of the property for charitable, educational and scientific purposes.

The Southeast Lighthouse Foundation preserves and protects the Southeast Lighthouse on Block Island, RI, a National Historic Landmark. We increase the community's knowledge and interest in the lighthouse and ensure access for educational and scientific purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,635,119$2,997,716▲ $362,597
Pd in Cap Srpls Land Bldg Eqp Fund$2,635,119$2,997,716▲ $362,597
Cap Stk Tr Prin Current Funds$683,094$391,452▼ $291,642
Savings and Temporary Cash Investments$153,788$224,802▲ $71,014
Investments in Publicly Traded Securities$511,089$164,397▼ $346,692
Inventories for Sale or Use$9,485$9,459▼ $26
Cash and Non-Interest-Bearing Accounts$8,732$3,066▼ $5,666
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,318,213$3,399,440▲ $81,227
Liabilities
Unsecured Notes Loans Payable$0$10,272▲ $10,272
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$10,272▲ $10,272
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,318,213$3,389,168▲ $70,955
Total Liabilities and Net Assets / Fund Balance$3,318,213$3,399,440▲ $81,227

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,206,648$572,353$2,779,001
Land$514,600-$514,600
Buildings$276,468$228,112$504,580
Other Land Buildings$0$0$0
Equipment$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gerald F AbbottPresident
Jean NapierVice-President
Pamela L GasnerVice-President
Daniel McLaughlinDirector
Martha BallDirector
Sarah DangelasDirector
Eliot NurenbergSecretary
Robert Champagne-WillisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,458
Program Service Revenue
$0
Investment Income
$3,397
Other Revenue
$0
All Other Contributions
$200,458
Change in Net Assets
$70,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,441
Salaries, Compensation, and Employee Benefits$43,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$75,823$0$0$75,823
Other Employee Benefits$0$21,729$0$21,729
Current Officers, Directors, Trustees, and Key Employees$0$20,000$0$20,000
Occupancy$3,000$4,334$0$7,334
Office Expenses$0$4,323$0$4,323
Payroll Taxes$0$1,730$0$1,730
Insurance$0$897$0$897
Fees for Services Accounting$0$798$0$798
Information Technology$0$235$0$235
Travel$0$31$0$31
Total Functional Expenses$78,823$54,077$0$132,900
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 B, Line 11B

Form 990 and its schedules are prepared by the Treasurer of the Southeast Lighthouse Foundation with the assistance of the Executive Director. The completed form 990 is provided to the Board of Directors and reviewed at a regularly scheduled board meeting.

Form 990, Part VI, Section C, Line 19

A copy of each year's 990 is maintained at the office of the Southeast Lighthouse Foundation, located on the site of the Lighthouse. The Executive Director makes these documents and our original Articles of Incorporation available to anyone who requests them. The office is maintained year round. The Lighthouse is normally open from Memorial Day to Columbus Day, though under the COVID-19 pandemic, the Lighthouse was closed to the public in 2020.

Filing and Contact Details

Filer

Filer Name
Southeast Lighthouse Foundation
EIN
22-2933316
Phone
4014665009
Address
PO Box 949, Block Island, RI 02807

Signing Officer

Name
Robert Champagne-Willis
Title
Treasurer
Phone
8026762603
Signed
2021-11-05

Organization Details

Principal Officer
Robert Champagne-Willis
Formed
1986
Legal Domicile
Ri
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to the COVID-19 epidemic, the Lighthouse was closed to the public during 2020. Significant restoration work was accomplished during the closure.

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IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt09485
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09459
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07165
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07165
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0511089
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0164397
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0800465
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02635119
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02997716
IRS990/LandBldgEquipCostOrOtherBssAmt03798181
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0343768
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To restore, preserve and protect the Southeast Lighthouse on Block Island; to increase the community's awareness, knowledge, and interest in the Lighthouse; to ensure access to the community and use of the property for charitable, educational and scientific purposes.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt03318213
IRS990/NetAssetsOrFundBalancesEOYAmt03389168
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3768
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3768
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04334
IRS990/OccupancyGrp/ProgramServicesAmt03000
IRS990/OccupancyGrp/TotalAmt07334
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04323
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt04323
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021729
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021729
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01730
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt01730
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02635119
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02997716
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Robert Champagne-Willis
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Maintain an information center to increase community awareness, knowledge and interest in the Southeast Lighthouse on Block Island, RI. Tours of the Lighthouse and maintenance of a small gift shop were suspended in 2020 due to the COVID-19 pandemic.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Maintain the grounds of the Southeast Lighthouse on Block Island, RI, providing access to the public. The Southeast Lighthouse is situated in a fragile eco-system, with encroaching bluffs threatening the site. The public has free access to the grounds. Under the COVID-19 epidemic, the grounds remained open to the limited public traffic.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0436964
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09334
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081260
IRS990/PYOtherRevenueAmt011617
IRS990/PYProgramServiceRevenueAmt0470
IRS990/PYRevenuesLessExpensesAmt0299596
IRS990/PYSalariesCompEmpBnftPaidAmt077529
IRS990/PYTotalExpensesAmt0158789
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0458385
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt070955
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.51$0.31$3.20$0.10$0.24$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.65$0.31$3.34$0.09$0.22$0.13
2022Detailed filing. Detailed filing data is available for this year.$3.78$0.31$3.47$0.27$0.21$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.41$0.21$0.19$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.40$0.01$3.39$0.20$0.13$0.07
2019Summary only. Only limited summary data is available for this year.$3.32$0.00$3.32$0.46$0.16$0.30
2018Summary only. Only limited summary data is available for this year.$3.02$0.00$3.02$0.44$0.15$0.29
2017Summary only. Only limited summary data is available for this year.$2.73$0.00$2.73$0.05$0.29$0.24
2016Summary only. Only limited summary data is available for this year.$2.97$0.00$2.97$0.95$0.14$0.81
2015Summary only. Only limited summary data is available for this year.$2.17$0.00$2.17$0.41$0.17$0.24
2014Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$0.07$0.11$0.04
2013Summary only. Only limited summary data is available for this year.$1.96$0.00$1.96$0.05$0.11$0.06
2012Summary only. Only limited summary data is available for this year.$2.02$0.00$2.02$0.05$0.11$0.06
2011Summary only. Only limited summary data is available for this year.$2.08$0.00$2.08$0.05$0.11$0.06