Civic Intelligence

Nuasin Next Generation Charter School

990 • Fiscal year 2015 • EIN 27-1005111

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

Organization ProfileWWW.LIGHTHOUSE-ACADEMIES.ORG
180 West 165th StreetBronx, NY 10452

(718) 893-0640

Siviq Scores

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

Liabilities / Assets

85th percentile

0.82x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

3.15x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$151,387

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

98th percentile

542%

Faster asset growth than 98% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

25%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$22,573,695

Up $19,057,650 (+542%) from 2014

Net Assets

Up

$4,095,131

Up $967,722 (+31%) from 2014

Liabilities

Up

$18,478,564

Up $18,089,928 (+4655%) from 2014

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin74th percentile

Revenue

Up

$5,873,256

Up $1,175,059 (+25%) from 2014

Expenses

Up

$4,905,534

Up $1,091,670 (+29%) from 2014

Net Income

Up

$967,722

Up $83,389 (+9.4%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$40M$30M$20M$10M$0Assets 2011: $629,064Liabilities 2011: $290,237Net Assets 2011: $338,8272011Assets 2012: $1,210,054Liabilities 2012: $153,260Net Assets 2012: $1,056,7942012Assets 2013: $2,518,297Liabilities 2013: $275,221Net Assets 2013: $2,243,0762013Assets 2014: $3,516,045Liabilities 2014: $388,636Net Assets 2014: $3,127,4092014Assets 2015: $22,573,695Liabilities 2015: $18,478,564Net Assets 2015: $4,095,1312015Assets 2016: $23,553,942Liabilities 2016: $21,980,930Net Assets 2016: $1,573,0122016Assets 2017: $23,570,474Liabilities 2017: $22,966,419Net Assets 2017: $604,0552017Assets 2018: $34,630,251Liabilities 2018: $29,123,510Net Assets 2018: $5,506,7412018Assets 2019: $7,498,212Liabilities 2019: $1,100,243Net Assets 2019: $6,397,9692019Assets 2020: $9,669,146Liabilities 2020: $2,950,358Net Assets 2020: $6,718,7882020Assets 2021: $11,729,433Liabilities 2021: $1,711,734Net Assets 2021: $10,017,6992021Assets 2022: $12,828,477Liabilities 2022: $1,905,953Net Assets 2022: $10,922,5242022

Highlighted filing

2015

Assets$22,573,695
Liabilities$18,478,564
Net Assets$4,095,131
Open 2015 Filing

Operations Trend

Revenue Growth73rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,012,2252011Expenses 2012: $2,283,4042012Expenses 2013: $2,454,2682013Revenue 2014: $4,698,197Expenses 2014: $3,813,864Net Income 2014: $884,3332014Revenue 2015: $5,873,256Expenses 2015: $4,905,534Net Income 2015: $967,7222015Revenue 2016: $6,994,865Expenses 2016: $8,082,009Net Income 2016: -$1,087,1442016Revenue 2017: $7,891,132Expenses 2017: $8,860,089Net Income 2017: -$968,9572017Revenue 2018: $14,696,592Expenses 2018: $9,793,906Net Income 2018: $4,902,6862018Revenue 2019: $11,123,173Expenses 2019: $10,535,190Net Income 2019: $587,9832019Revenue 2020: $13,374,006Expenses 2020: $12,545,837Net Income 2020: $828,1692020Revenue 2021: $15,749,713Expenses 2021: $12,424,986Net Income 2021: $3,324,7272021Revenue 2022: $16,286,324Expenses 2022: $15,239,072Net Income 2022: $1,047,2522022

Highlighted filing

2015

Revenue$5,873,256
Expenses$4,905,534
Net Income$967,722
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$5,873,256
Mission and Program Overview

Mission

Prepare students through rigorous programs that provide them with a foundation that will allow them to succeed in and graduate from college.

Prepare scholars for college graduation through a rigorous arts-infused program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,978$18,261,512▲ $18,229,534
Savings and Temporary Cash Investments$3,152,724$2,649,590▼ $503,134
Accounts Receivable$134,443$368,444▲ $234,001
Cash and Non-Interest-Bearing Accounts$81,583$200,245▲ $118,662
Prepaid Expenses and Deferred Charges$40,707$0▼ $40,707
Total Assets$3,516,045$22,573,695▲ $19,057,650
Other Assets Total$74,610$1,093,904▲ $1,019,294
Liabilities
Other Liabilities$0$18,038,583▲ $18,038,583
Accounts Payable and Accrued Expenses$347,715$433,892▲ $86,177
Deferred Revenue$40,921$6,089▼ $34,832
Total Liabilities$388,636$18,478,564▲ $18,089,928
Net Assets / Fund Balance
Unrestricted Net Assets$3,127,409$4,095,131▲ $967,722
Total Net Assets Fund Balance$3,127,409$4,095,131▲ $967,722
Total Liabilities and Net Assets / Fund Balance$3,516,045$22,573,695▲ $19,057,650

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,894,473$605,527$18,500,000
Equipment$367,039-$367,039
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney RussellPrincipalFT$136,420$14,967$151,387

Board Members and Trustees

NameTitle
Anne LarawayTrustee/president
Genai GoldsmithTrustee
Janice LeeTrustee
Jason RawlinsTrustee
Tim BryanTrustee
Jessica HaberTrustee/secretary
Yarojin RobinsonTrustee/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lighthouse Academies INCManagement Fees29140 CHAPEL PARK DR BLDG 5A, Wesley Chapel, FL 33543$237,234
Revenue and Support

Revenue Composition

Contributions and Grants
$295,164
Program Service Revenue
$5,578,092
Investment Income
$0
Other Revenue
$0
All Other Contributions
$28,213
Change in Net Assets
$967,722

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$28,213Fair Market Value (FMV)
Total Noncash Contributions$28,213-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,873,256
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,873,256
Total Revenue per Form 990
$5,873,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,118,098
Other Expenses$1,787,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$2,260,147$92,795-$2,352,942
Depreciation Depletion$592,667--$592,667
Other Employee Benefits$338,955$14,945-$353,900
Occupancy$253,310--$253,310
Payroll Taxes$226,018$9,965-$235,983
Fees for Services Other$162,359$50,591-$212,950
Fees for Services Management-$212,698-$212,698
Current Officers, Directors, Trustees, and Key Employees$131,649$5,405-$137,054
Insurance-$51,868-$51,868
Pension Plan Contributions$36,605$1,614-$38,219
Other Expenses$15,915$21,979$0$37,894
Interest$29,297--$29,297
All Other Expenses$26,060$2,895-$28,955
Advertising-$2,403-$2,403
Total Functional Expenses$4,339,420$566,114$0$4,905,534

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,905,534
Total Expenses per Audited Statements$4,905,534
Total Expenses per Form 990$4,905,534
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Leases$18,038,583
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school requires all board members to formally disclose in writing any conflict of interest matters. Board members submit updates to the conflict of interest declaration on an annual basis.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the controller of lighthouse academies, inc and with her approval is forwarded to the school's finance committee and is then reviewed by the full board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The executive director reviews the signed conflict of interest statements on an annual basis or more often as deemed necessary.”

Form 990, Part VI, Section B, Line 15

“Determining the compensation of the organization's executive director included review, deliberation and approval of the board of directors, with comparisions to other non-profit organizations.”

Form 990, Part VI, Section C, Line 19

“The financial statements, employee handbook, financial policies and procedures guide, metropolitan lighthouse charter school manual and other policies (investment, conflict of interest, etc.) are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Metropolitan Lighthouse Charter School
EIN
27-1005111
Phone
7188930640
Address
180 WEST 165TH STREET, BRONX, NY 10452

Signing Officer

Name
Anne Laraway
Title
Board President
Phone
7188930640
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Laraway
Formed
2009
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
57
Volunteers
11

Preparer

Firm
Marks Paneth Llp
Address
4 MANHATTANVILLE ROAD, PURCHASE, NY 10577
Preparer
Anthony Tempesta
Phone
9145249000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Metropolitan lighthouse charter school inc.financial statements were audited by marks paneth llp. The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“Fin 48 disclosure - the organization adopted the provisions of fasb interpretation no. 48 ("fin 48"), accounting for uncertainty in income taxes - an interpretation of fasb statement no. 109" now incorporated in asc 740, which provides standards for establishing and classifying any tax provision for uncertain tax provisions and recognizing any interest and penalties. The adoption of fin 48 did not have a material effect on the organization's financial position as of july 1, 2014 or the results of operations and cash flows for the year ended june 30, 2015. As of june 30, 2015, the organization has determined that no tax provisions for uncertain tax positions are needed.”

Raw XML AppendixShowing 400 of 464 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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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt321979
IRS990/OtherExpensesGrp/ProgramServicesAmt0156083
IRS990/OtherExpensesGrp/ProgramServicesAmt195691
IRS990/OtherExpensesGrp/ProgramServicesAmt214664
IRS990/OtherExpensesGrp/ProgramServicesAmt315915
IRS990/OtherExpensesGrp/TotalAmt0171887
IRS990/OtherExpensesGrp/TotalAmt1113918
IRS990/OtherExpensesGrp/TotalAmt279589
IRS990/OtherExpensesGrp/TotalAmt337894
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt018038583
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09965
IRS990/PayrollTaxesGrp/ProgramServicesAmt0226018
IRS990/PayrollTaxesGrp/TotalAmt0235983
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01614
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt036605
IRS990/PensionPlanContributionsGrp/TotalAmt038219
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040707
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ANNE LARAWAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ENROLLMENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM RELATED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05419265
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1158827
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05419265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1158827
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0187714
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01456023
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04510483
IRS990/PYRevenuesLessExpensesAmt0884333
IRS990/PYSalariesCompEmpBnftPaidAmt02357841
IRS990/PYTotalExpensesAmt03813864
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04698197
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0967722
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05578092
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03152724
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02649590
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0367039
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0367039
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04905534
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017894473
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0605527
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018038583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05873256
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 DISCLOSURE - THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48 ("FIN 48"), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109" NOW INCORPORATED IN ASC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISION FOR UNCERTAIN TAX PROVISIONS AND RECOGNIZING ANY INTEREST AND PENALTIES. THE ADOPTION OF FIN 48 DID NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION'S FINANCIAL POSITION AS OF JULY 1, 2014 OR THE RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2015. AS OF JUNE 30, 2015, THE ORGANIZATION HAS DETERMINED THAT NO TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NEEDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018261512
IRS990ScheduleD/TotalExpensesPerForm990Amt04905534
IRS990ScheduleD/TotalLiabilityAmt018038583
IRS990ScheduleD/TotalRevenuePerForm990Amt05873256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05873256
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04905534
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECRUITS BY WORD OF MOUTH IN THE COMMUNITY AND THROUGH THE DISTRIBUTION OF FLYERS IN THE NEIGHBORHOOD, WHICH INCLUDES THE RACIALLY NONDISCRIMINATORY POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FEDERAL AND NEW YORK STATE GOVERNMENT GRANTS ARE RECEIVED TO ENHANCE TEACHERS' SKILLS AND IMPROVE TECHNOLOGY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0136420
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0COURTNEY RUSSELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151387
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt028213
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL REQUIRES ALL BOARD MEMBERS TO FORMALLY DISCLOSE IN WRITING ANY CONFLICT OF INTEREST MATTERS. BOARD MEMBERS SUBMIT UPDATES TO THE CONFLICT OF INTEREST DECLARATION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE CONTROLLER OF LIGHTHOUSE ACADEMIES, INC AND WITH HER APPROVAL IS FORWARDED TO THE SCHOOL'S FINANCE COMMITTEE AND IS THEN REVIEWED BY THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS OR MORE OFTEN AS DEEMED NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR INCLUDED REVIEW, DELIBERATION AND APPROVAL OF THE BOARD OF DIRECTORS, WITH COMPARISIONS TO OTHER NON-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS, EMPLOYEE HANDBOOK, FINANCIAL POLICIES AND PROCEDURES GUIDE, METROPOLITAN LIGHTHOUSE CHARTER SCHOOL MANUAL AND OTHER POLICIES (INVESTMENT, CONFLICT OF INTEREST, ETC.) ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5METROPOLITAN LIGHTHOUSE CHARTER SCHOOL INC.FINANCIAL STATEMENTS WERE AUDITED BY MARKS PANETH LLP. THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03516045
IRS990/TotalAssetsEOYAmt022573695
IRS990/TotalAssetsGrp/BOYAmt03516045
IRS990/TotalAssetsGrp/EOYAmt022573695
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0295164
IRS990/TotalEmployeeCnt057

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,573,695
Liabilities
$18,478,564
Net assets
$4,095,131
Revenue
$5,873,256
Expenses
$4,905,534
Net income
$967,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$1.91$10.9$16.3$15.2$1.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$1.71$10.0$15.7$12.4$3.32
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.67$2.95$6.72$13.4$12.5$0.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.50$1.10$6.40$11.1$10.5$0.59
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.6$29.1$5.51$14.7$9.79$4.90
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.6$23.0$0.60$7.89$8.86$0.97
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.6$22.0$1.57$6.99$8.08$1.09
2015Detailed filing. Detailed filing data is available for this year.$22.6$18.5$4.10$5.87$4.91$0.97
2014Detailed filing. Detailed filing data is available for this year.$3.52$0.39$3.13$4.70$3.81$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.28$2.24$2.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.15$1.06$2.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.29$0.34$2.01
Peer Organizations

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