Civic Intelligence

Presque Isle Light Station

990EZ • Fiscal year 2016 • EIN 46-4865726

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

301 Presque Isle DriveErie, PA 16505

(814) 823-9270

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

86th percentile

$28,095

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-49%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$269,571

Up $44,597 (+20%) from 2015

Net Assets

Up

$269,240

Up $44,266 (+20%) from 2015

Liabilities

Up

$331

Up $331 from 2015

Revenue

Down

$129,535

Down $126,584 (-49%) from 2015

Expenses

Up

$85,269

Up $29,585 (+53%) from 2015

Net Income

Down

$44,266

Down $156,169 (-78%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $24,539Net Assets 2014: $24,5392014Assets 2015: $224,974Liabilities 2015: $0Net Assets 2015: $224,9742015Assets 2016: $269,571Liabilities 2016: $331Net Assets 2016: $269,2402016Assets 2017: $410,465Liabilities 2017: $331Net Assets 2017: $410,1342017Assets 2018: $520,156Liabilities 2018: $15Net Assets 2018: $520,1412018Assets 2019: $589,059Liabilities 2019: $15Net Assets 2019: $589,0442019Assets 2020: $631,022Liabilities 2020: $73,835Net Assets 2020: $557,1872020Assets 2021: $801,496Liabilities 2021: $79,371Net Assets 2021: $722,1252021Assets 2022: $878,980Liabilities 2022: $87,001Net Assets 2022: $791,9792022Assets 2023: $866,271Liabilities 2023: $87,280Net Assets 2023: $778,9912023Assets 2024: $841,189Liabilities 2024: $80,109Net Assets 2024: $761,0802024

Highlighted filing

2016

Assets$269,571
Liabilities$331
Net Assets$269,240

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $40,423Expenses 2014: $15,884Net Income 2014: $24,5392014Revenue 2015: $256,119Expenses 2015: $55,684Net Income 2015: $200,4352015Revenue 2016: $129,535Expenses 2016: $85,269Net Income 2016: $44,2662016Revenue 2017: $253,514Expenses 2017: $112,620Net Income 2017: $140,8942017Revenue 2018: $266,374Expenses 2018: $156,367Net Income 2018: $110,0072018Revenue 2019: $250,177Expenses 2019: $181,274Net Income 2019: $68,9032019Revenue 2020: $105,264Expenses 2020: $137,121Net Income 2020: -$31,8572020Revenue 2021: $331,550Expenses 2021: $166,612Net Income 2021: $164,9382021Revenue 2022: $425,289Expenses 2022: $355,435Net Income 2022: $69,8542022Revenue 2023: $379,832Expenses 2023: $392,820Net Income 2023: -$12,9882023Revenue 2024: $344,084Expenses 2024: $361,996Net Income 2024: -$17,9122024

Highlighted filing

2016

Revenue$129,535
Expenses$85,269
Net Income$44,266
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$141,350
Mission and Program Overview

Mission

The mission of the Presque Isle Light Station shall be to establish and support efforts in the restoration and preservation of the Presque Isle Lighthouse to a period of significance; to acquire and maintain safe keeping of building/grounds, artifacts and historical records of Presque Isle Lighthouse; and to create educational and recreational opportunities that accurately interpret the maritime history of Presque Isle Lighthouse for all visitors and preserves it for future generations.

The mission of the Presque Isle Light Station shall be to establish and support efforts in the restoration and preservation of the Presque Isle Lighthouse to a period of signifiance; to acquire and maintain safe keeping of building/grounds, artifacts and historical records of Presque Isle Lighthouse; and to create educational and recreational opportunities that accurately interpret the maritime history of Presque Isle Lighthouse for all vistors and preserves it for future generations.

Program Services

DescriptionGrantsExpenses
During 2016 the organization opened the lighthouse five days a week during the summer months to the public.$40,022$8,850
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SullivanExecutive Director-$28,095-$28,095
Joseph PfadtDirectorPT$0--
Joseph P Maloney CPA CFEPresidentPT$0--
Matthew Wolford ESQDirector-$0--
M Jackie TammaroSecretaryPT$0--
Sally KohlerDirector-$0--
Mathew D GreeneEx-Officio Dire-$0--
Jack WattsVice PresidentPT$0--
Eugene WareTreasurerPT$0--
Michael GeigerDirector-$0--
Cheryl MitchellDirector-$0--
Melinda MyerDirector-$0--
Thomas SebaldDirectorPT$0--
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Eugene WareDirectorSale of his booksNo$700
Filing and Contact Details

Filer

Filer Name
Presque Isle Light Station
EIN
46-4865726
Phone
8148239270
Address
301 Presque Isle Drive, Erie, PA 16505

Signing Officer

Name
Eugene Ware
Title
Treasurer
Signed
2017-11-15
Supplemental Narrative

Additional Explanations

Other Expenses.1007

Conferences, Conventions, and Meetings $1456

Other Expenses.1012

Insurance $3002

Other Expenses.1

Restoration and Construction $11000

Other Expenses.3

SUPPLIES $2980

Other Expenses.4

Landscaping & Maintenance $2798

Other Expenses.6

Dues & Fees $2201

Other Expenses.7

Volunteer expenses $1616

Other Expenses.8

Miscellaneous $1558

Other Expenses.9

Web site $1167

Other Expenses.10

Telephone $500

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $331

Raw XML Appendix191 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Joseph Pfadt
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IRS990EZ/PrimaryExemptPurposeTxt0The mission of the Presque Isle Light Station shall be to establish and support efforts in the restoration and preservation of the Presque Isle Lighthouse to a period of signifiance; to acquire and maintain safe keeping of building/grounds, artifacts and historical records of Presque Isle Lighthouse; and to create educational and recreational opportunities that accurately interpret the maritime history of Presque Isle Lighthouse for all vistors and preserves it for future generations.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Eugene Ware
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0700
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Sale of his books
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Eugene Ware the treasurer sold copies of his book in our gift shop.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Conferences, Conventions, and Meetings $1456
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $3002
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Restoration and Construction $11000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUPPLIES $2980
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Landscaping & Maintenance $2798
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues & Fees $2201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Volunteer expenses $1616
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneous $1558
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Web site $1167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Telephone $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $331
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1007
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1001
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Eugene Ware
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Presque Isle Light Station
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0464865726
ReturnHeader/Filer/PhoneNum08148239270
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 Presque Isle Drive
ReturnHeader/Filer/USAddress/CityNm0Erie
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016505
ReturnHeader/ReturnTs02017-11-15T08:12:33-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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