Civic Intelligence

Nuasin Next Generation Charter School

990 • Fiscal year 2017 • EIN 27-1005111

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

Organization ProfileWWW.LIGHTHOUSE-ACADEMIES.ORG
180 West 165th StreetBronx, NY 10459

(718) 893-0640

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.91x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

24th percentile

$67,525

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Asset Growth

37th percentile

0.1%

Faster asset growth than 37% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$23,570,474

Up $16,532 (+0.1%) from 2016

Net Assets

Down

$604,055

Down $968,957 (-62%) from 2016

Liabilities

Up

$22,966,419

Up $985,489 (+4.5%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin14th percentile

Revenue

Up

$7,891,132

Up $896,267 (+13%) from 2016

Expenses

Up

$8,860,089

Up $778,080 (+9.6%) from 2016

Net Income

Up

-$968,957

Up $118,187 (+11%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2017

Assets$23,570,474
Liabilities$22,966,419
Net Assets$604,055
Open 2017 Filing

Operations Trend

Revenue Growth67th 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

2017

Revenue$7,891,132
Expenses$8,860,089
Net Income-$968,957
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$7,891,132
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$18,655,439$17,891,595▼ $763,844
Savings and Temporary Cash Investments$3,393,824$4,254,897▲ $861,073
Prepaid Expenses and Deferred Charges$37,563$200,350▲ $162,787
Accounts Receivable$232,385$111,224▼ $121,161
Cash and Non-Interest-Bearing Accounts$140,827$18,099▼ $122,728
Total Assets$23,553,942$23,570,474▲ $16,532
Other Assets Total$1,093,904$1,094,309▲ $405
Liabilities
Other Liabilities$21,496,750$22,245,858▲ $749,108
Accounts Payable and Accrued Expenses$484,180$720,561▲ $236,381
Total Liabilities$21,980,930$22,966,419▲ $985,489
Net Assets / Fund Balance
Unrestricted Net Assets$1,573,012$604,055▼ $968,957
Total Net Assets Fund Balance$1,573,012$604,055▼ $968,957
Total Liabilities and Net Assets / Fund Balance$23,553,942$23,570,474▲ $16,532

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,709,571$2,153,405$19,862,976
Equipment$182,024-$182,024
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tyra L WilliamsPrincipalFT$56,006$11,519$67,525
Genai GoldsmithTrustee-$39,738-$39,738

Board Members and Trustees

NameTitle
Anne LarawayTrustee/president
Aaron BothnerTrustee
Anuj KhatiwadaTrustee
Aryanne FerrantiTrustee
Janice LeeTrustee
Jillian RolandTrustee
Tim BryanTrustee
Adrian BryantTrustee/ Treasurer
Jessica HaberTrustee/secretary
Catherine CorriganTrustee/treasurer (former)

Highest Paid Contractors

ContractorServicesLocationCompensation
Lighthouse Academies INCManagement Fees29140 CHAPEL PARK DR BLDG 5A, Wesley Chapel, FL 33543$337,158
Revenue and Support

Revenue Composition

Contributions and Grants
$313,224
Program Service Revenue
$7,577,908
Investment Income
$0
Other Revenue
$0
All Other Contributions
$39,357
Change in Net Assets
$-968,957

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$39,357Fair Market Value (FMV)
Total Noncash Contributions$39,357-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,891,132
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,891,132
Total Revenue per Form 990
$7,891,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,543,188
Salaries, Compensation, and Employee Benefits$4,316,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,583,378$101,211-$3,684,589
Interest$2,023,921--$2,023,921
Depreciation Depletion$789,525--$789,525
Occupancy$549,812--$549,812
Fees for Services Management-$337,158-$337,158
Other Employee Benefits$289,305$9,316-$298,621
Payroll Taxes$287,490$9,257-$296,747
Fees for Services Other$179,320$42,942-$222,262
Insurance-$67,610-$67,610
Other Expenses$16,828$23,238$0$40,066
Pension Plan Contributions$35,791$1,153-$36,944
All Other Expenses$25,840$2,871-$28,711
Total Functional Expenses$8,146,239$713,850$0$8,860,089

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,860,089
Total Expenses per Audited Statements$8,860,089
Total Expenses per Form 990$8,860,089
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$22,245,858
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 11B

“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 10459

Signing Officer

Name
Jessica Haber
Title
Board Chair
Phone
7188930640
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Haber
Formed
2009
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
9
Employees
81
Volunteers
13

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 june 30, 2017 or the results of operations and cash flows for the year ended june 30, 2017. As of june 30, 2017, the organization has determined that no tax provisions for uncertain tax positions are needed.”

Raw XML AppendixShowing 400 of 476 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/NetAssetsOrFundBalancesEOYAmt0604055
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt039357
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0549812
IRS990/OccupancyGrp/TotalAmt0549812
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01093904
IRS990/OtherAssetsTotalGrp/EOYAmt01094309
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09316
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0289305
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0298621
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc1FOOD AND OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04958
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1114136
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt323238
IRS990/OtherExpensesGrp/ProgramServicesAmt0282309
IRS990/OtherExpensesGrp/ProgramServicesAmt128279
IRS990/OtherExpensesGrp/ProgramServicesAmt254441
IRS990/OtherExpensesGrp/ProgramServicesAmt316828
IRS990/OtherExpensesGrp/TotalAmt0287267
IRS990/OtherExpensesGrp/TotalAmt1142415
IRS990/OtherExpensesGrp/TotalAmt254441
IRS990/OtherExpensesGrp/TotalAmt340066
IRS990/OtherLiabilitiesGrp/BOYAmt021496750
IRS990/OtherLiabilitiesGrp/EOYAmt022245858
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0101211
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03583378
IRS990/OtherSalariesAndWagesGrp/TotalAmt03684589
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09257
IRS990/PayrollTaxesGrp/ProgramServicesAmt0287490
IRS990/PayrollTaxesGrp/TotalAmt0296747
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01153
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035791
IRS990/PensionPlanContributionsGrp/TotalAmt036944
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037563
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0200350
IRS990/PrincipalOfficerNm0JESSICA HABER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ENROLLMENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM RELATED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06984449
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1593459
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06984449
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1593459
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0374812
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04330559
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06620053
IRS990/PYRevenuesLessExpensesAmt0-1087144
IRS990/PYSalariesCompEmpBnftPaidAmt03751450
IRS990/PYTotalExpensesAmt08082009
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06994865
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-968957
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07577908
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03393824
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04254897
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/BookValueAmt0182024
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0182024
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08860089
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017709571
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02153405
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019862976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022245858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07891132
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 JUNE 30, 2017 OR THE RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2017. AS OF JUNE 30, 2017, THE ORGANIZATION HAS DETERMINED THAT NO TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NEEDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017891595
IRS990ScheduleD/TotalExpensesPerForm990Amt08860089
IRS990ScheduleD/TotalLiabilityAmt022245858
IRS990ScheduleD/TotalRevenuePerForm990Amt07891132
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07891132
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08860089
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/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt039357
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 11B
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/TotalAssetsBOYAmt023553942
IRS990/TotalAssetsEOYAmt023570474

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,570,474
Liabilities
$22,966,419
Net assets
$604,055
Revenue
$7,891,132
Expenses
$8,860,089
Net income
-$968,957
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
2017Detailed filing. Detailed filing data is available for this year.$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