Civic Intelligence

Nuasin Next Generation Charter School

990 • Fiscal year 2016 • EIN 27-1005111

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

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

91st percentile

0.93x

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.14x

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

12th percentile

-16%

Higher net margin than 12% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$154,052

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

60th percentile

4.3%

Faster asset growth than 60% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

19%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$23,553,942

Up $980,247 (+4.3%) from 2015

Net Assets

Down

$1,573,012

Down $2,522,119 (-62%) from 2015

Liabilities

Up

$21,980,930

Up $3,502,366 (+19%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin12th percentile

Revenue

Up

$6,994,865

Up $1,121,609 (+19%) from 2015

Expenses

Up

$8,082,009

Up $3,176,475 (+65%) from 2015

Net Income

Down

-$1,087,144

Down $2,054,866 (-212%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2016

Assets$23,553,942
Liabilities$21,980,930
Net Assets$1,573,012
Open 2016 Filing

Operations Trend

Revenue Growth83rd 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

2016

Revenue$6,994,865
Expenses$8,082,009
Net Income-$1,087,144
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$6,994,865
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$18,261,512$18,655,439▲ $393,927
Savings and Temporary Cash Investments$2,649,590$3,393,824▲ $744,234
Accounts Receivable$368,444$232,385▼ $136,059
Cash and Non-Interest-Bearing Accounts$200,245$140,827▼ $59,418
Prepaid Expenses and Deferred Charges-$37,563-
Total Assets$22,573,695$23,553,942▲ $980,247
Other Assets Total$1,093,904$1,093,904→ $0
Liabilities
Other Liabilities$18,038,583$21,496,750▲ $3,458,167
Accounts Payable and Accrued Expenses$433,892$484,180▲ $50,288
Deferred Revenue$6,089--
Total Liabilities$18,478,564$21,980,930▲ $3,502,366
Net Assets / Fund Balance
Unrestricted Net Assets$4,095,131$1,573,012▼ $2,522,119
Total Net Assets Fund Balance$4,095,131$1,573,012▼ $2,522,119
Total Liabilities and Net Assets / Fund Balance$22,573,695$23,553,942▲ $980,247

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,523,096$1,363,880$19,886,976
Equipment$132,343-$132,343
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney RussellPrincipalFT$136,633$17,419$154,052
Genai GoldsmithTrustee-$14,102-$14,102

Board Members and Trustees

NameTitle
Anne LarawayTrustee/president
Aryanne FerrantiTrustee
Janice LeeTrustee
Jillian RolandTrustee
Tim BryanTrustee
Jason RawlinsTrustee (resigned 12-2015)
Jessica HaberTrustee/secretary
Catherine CorriganTrustee/treasurer
Yarojin RobinsonTrustee/treasurer (resigned 12-2015)

Highest Paid Contractors

ContractorServicesLocationCompensation
Lighthouse Academies INCManagement Fees29140 CHAPEL PARK DR BLDG 5A, Wesley Chapel, FL 33543$297,118
Revenue and Support

Revenue Composition

Contributions and Grants
$374,812
Program Service Revenue
$6,620,053
Investment Income
$0
Other Revenue
$0
All Other Contributions
$33,542
Change in Net Assets
$-1,087,144

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$33,542Fair Market Value (FMV)
Total Noncash Contributions$33,542-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,994,865
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,994,865
Total Revenue per Form 990
$6,994,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,330,559
Salaries, Compensation, and Employee Benefits$3,751,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,800,759$114,464-$2,915,223
Interest$1,950,586--$1,950,586
Depreciation Depletion$783,065--$783,065
Occupancy$515,016--$515,016
Other Employee Benefits$381,788$16,702-$398,490
Fees for Services Management-$309,827-$309,827
Payroll Taxes$241,755$10,577-$252,332
Fees for Services Other$204,767$6,729-$211,496
Current Officers, Directors, Trustees, and Key Employees$136,879$5,594-$142,473
Pension Plan Contributions$41,133$1,799-$42,932
Insurance-$36,853-$36,853
Other Expenses$12,269$16,945$0$29,214
All Other Expenses$13,428$2,558-$15,986
Total Functional Expenses$7,478,893$603,116$0$8,082,009

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,082,009
Total Expenses per Audited Statements$8,082,009
Total Expenses per Form 990$8,082,009
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$21,496,750
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
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Laraway
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
65
Volunteers
24

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, 2015 or the results of operations and cash flows for the year ended june 30, 2016. As of june 30, 2016, the organization has determined that no tax provisions for uncertain tax positions are needed.”

Raw XML AppendixShowing 400 of 482 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0433892
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0484180
IRS990/AccountsReceivableGrp/BOYAmt0368444
IRS990/AccountsReceivableGrp/EOYAmt0232385
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PREPARE SCHOLARS FOR COLLEGE GRADUATION THROUGH A RIGOROUS ARTS-INFUSED PROGRAM.
IRS990/AllOtherContributionsAmt033542
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02558
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013428
IRS990/AllOtherExpensesGrp/TotalAmt015986
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARY BETH ROUSSEAU CO LIGHTHOUSE ACADEMIES INC
IRS990/BooksInCareOfDetail/PhoneNum08136165919
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt029140 CHAPEL PARK DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WESLEY CHAPEL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033543
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0200245
IRS990/CashNonInterestBearingGrp/EOYAmt0140827
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt05594
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0136879
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0142473
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0297118
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt029140 CHAPEL PARK DR BLDG 5A
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WESLEY CHAPEL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd033543
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LIGHTHOUSE ACADEMIES INC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT FEES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0374812
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt04330559
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt06620053
IRS990/CYRevenuesLessExpensesAmt0-1087144
IRS990/CYSalariesCompEmpBnftPaidAmt03751450
IRS990/CYTotalExpensesAmt08082009
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06994865
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt06089
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0783065
IRS990/DepreciationDepletionGrp/TotalAmt0783065
IRS990/Desc0THE PROGRAM PROVIDES EDUCATIONAL SERVICES IN CLASSES FROM KINDERGARTEN THROUGH EIGTH GRADE. THE SCHOOL HAD 475 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2016.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt065
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt07478893
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0309827
IRS990/FeesForServicesManagementGrp/TotalAmt0309827
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06729
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0204767
IRS990/FeesForServicesOtherGrp/TotalAmt0211496
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1015419
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNE LARAWAY
IRS990/Form990PartVIISectionAGrp/PersonNm1JESSICA HABER
IRS990/Form990PartVIISectionAGrp/PersonNm2ARYANNE FERRANTI
IRS990/Form990PartVIISectionAGrp/PersonNm3JANICE LEE
IRS990/Form990PartVIISectionAGrp/PersonNm4CATHERINE CORRIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm5GENAI GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6TIM BRYAN
IRS990/Form990PartVIISectionAGrp/PersonNm7JILLIAN ROLAND
IRS990/Form990PartVIISectionAGrp/PersonNm8JASON RAWLINS
IRS990/Form990PartVIISectionAGrp/PersonNm9YAROJIN ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm10COURTNEY RUSSELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt514102
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10138633
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE (RESIGNED 12-2015)
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE/TREASURER (RESIGNED 12-2015)
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0341270
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06994865
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt036853
IRS990/InsuranceGrp/TotalAmt036853
IRS990/InterestGrp/ProgramServicesAmt01950586
IRS990/InterestGrp/TotalAmt01950586
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01363880
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018261512
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018655439
IRS990/LandBldgEquipCostOrOtherBssAmt020019319
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PREPARE STUDENTS THROUGH RIGOROUS PROGRAMS THAT PROVIDE THEM WITH A FOUNDATION THAT WILL ALLOW THEM TO SUCCEED IN AND GRADUATE FROM COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04095131
IRS990/NetAssetsOrFundBalancesEOYAmt01573012
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt033542
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0515016
IRS990/OccupancyGrp/TotalAmt0515016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01093904
IRS990/OtherAssetsTotalGrp/EOYAmt01093904
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016702
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0381788
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0398490
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc1FOOD AND OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt170617
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23751
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt316945
IRS990/OtherExpensesGrp/ProgramServicesAmt0344510
IRS990/OtherExpensesGrp/ProgramServicesAmt119174
IRS990/OtherExpensesGrp/ProgramServicesAmt233764
IRS990/OtherExpensesGrp/ProgramServicesAmt312269
IRS990/OtherExpensesGrp/TotalAmt0351210
IRS990/OtherExpensesGrp/TotalAmt189791
IRS990/OtherExpensesGrp/TotalAmt237515
IRS990/OtherExpensesGrp/TotalAmt329214
IRS990/OtherLiabilitiesGrp/BOYAmt018038583
IRS990/OtherLiabilitiesGrp/EOYAmt021496750
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0114464
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02800759
IRS990/OtherSalariesAndWagesGrp/TotalAmt02915223
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010577
IRS990/PayrollTaxesGrp/ProgramServicesAmt0241755
IRS990/PayrollTaxesGrp/TotalAmt0252332
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01799
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041133
IRS990/PensionPlanContributionsGrp/TotalAmt042932
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037563
IRS990/PrincipalOfficerNm0ANNE LARAWAY
IRS990/PriorPeriodAdjustmentsAmt0-1434975
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ENROLLMENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM RELATED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06304979
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1315074
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06304979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1315074
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0295164
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01787436
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05578092
IRS990/PYRevenuesLessExpensesAmt0967722
IRS990/PYSalariesCompEmpBnftPaidAmt03118098
IRS990/PYTotalExpensesAmt04905534
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05873256
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1087144
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06620053
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02649590
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03393824
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/BookValueAmt0132343
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132343
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08082009
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018523096
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01363880
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019886976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021496750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06994865
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, 2015 OR THE RESULTS OF OPERATIONS AND CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2016. AS OF JUNE 30, 2016, THE ORGANIZATION HAS DETERMINED THAT NO TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NEEDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018655439
IRS990ScheduleD/TotalExpensesPerForm990Amt08082009
IRS990ScheduleD/TotalLiabilityAmt021496750
IRS990ScheduleD/TotalRevenuePerForm990Amt06994865
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06994865
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08082009
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/BaseCompensationFilingOrgAmt0136633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount02000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09798
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0COURTNEY RUSSELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154052
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt033542
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,553,942
Liabilities
$21,980,930
Net assets
$1,573,012
Revenue
$6,994,865
Expenses
$8,082,009
Net income
-$1,087,144
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
2016Detailed filing. Detailed filing data is available for this year.$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