Civic Intelligence

Greens Ledge Light Preservation

EIN 81-3221399 • 501(c)3 • Rowayton, CT

Profile

To acquire, restore and preserve the greens ledge lighthouse.

PO Box 43Rowayton, CT 06853

savegreensledge.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

90th percentile

51%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-7.0%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,236,180

Up $418,295 (+51%) from 2023

Liabilities

Up

$4,942

Up $4,942 from 2023

Net Assets

Up

$1,231,238

Up $413,353 (+51%) from 2023

Revenue

Down

$721,957

Down $54,337 (-7.0%) from 2023

Expenses

Up

$308,604

Up $61,977 (+25%) from 2023

Net Income

Down

$413,353

Down $116,314 (-22%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2017: $225,755Liabilities 2017: $0Net Assets 2017: $225,7552017Assets 2018: $634,784Liabilities 2018: $0Net Assets 2018: $634,7842018Assets 2019: $452,154Liabilities 2019: $0Net Assets 2019: $452,1542019Assets 2020: $320,944Liabilities 2020: $0Net Assets 2020: $320,9442020Assets 2021: $199,891Liabilities 2021: $0Net Assets 2021: $199,8912021Assets 2022: $288,218Liabilities 2022: $0Net Assets 2022: $288,2182022Assets 2023: $817,885Liabilities 2023: $0Net Assets 2023: $817,8852023Assets 2024: $1,236,180Liabilities 2024: $4,942Net Assets 2024: $1,231,2382024

Highlighted filing

2024

Assets$1,236,180
Liabilities$4,942
Net Assets$1,231,238

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $235,229Expenses 2017: $9,474Net Income 2017: $225,7552017Revenue 2018: $653,163Expenses 2018: $244,134Net Income 2018: $409,0292018Revenue 2019: $461,994Expenses 2019: $644,624Net Income 2019: -$182,6302019Revenue 2020: $436,930Expenses 2020: $568,140Net Income 2020: -$131,2102020Revenue 2021: $622,554Expenses 2021: $743,607Net Income 2021: -$121,0532021Revenue 2022: $421,856Expenses 2022: $333,529Net Income 2022: $88,3272022Revenue 2023: $776,294Expenses 2023: $246,627Net Income 2023: $529,6672023Revenue 2024: $721,957Expenses 2024: $308,604Net Income 2024: $413,3532024

Highlighted filing

2024

Revenue$721,957
Expenses$308,604
Net Income$413,353

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$721,957
Mission and Program Overview

Mission

To acquire, restore and preserve the greens ledge lighthouse.

Restore and preserve greens ledge light, a historic offshore lighthouse in long island sound.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$481,501-
Land, Buildings, and Equipment, Net$347,848$331,649▼ $16,199
Cash and Non-Interest-Bearing Accounts$395,813$216,388▼ $179,425
Savings and Temporary Cash Investments$62,474$128,912▲ $66,438
Intangible Assets$11,750$11,250▼ $500
Total Assets$817,885$1,236,180▲ $418,295
Other Assets Total-$66,480-
Liabilities
Unsecured Notes Loans Payable-$4,942-
Total Liabilities$0$4,942▲ $4,942
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$817,885$1,006,238▲ $188,353
Net Assets With Donor Restrictions-$225,000-
Total Net Assets Fund Balance$817,885$1,231,238▲ $413,353
Total Liabilities and Net Assets / Fund Balance$817,885$1,236,180▲ $418,295

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$178,515$38,016$216,531
Buildings$121,154$28,846$150,000
Equipment$31,980$12,704$44,684
Other Assets Org$66,480--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Timothy PetteePresident
Anthony DechellisDirector
Chris WalkerDirector
Kathy OlsenDirector
Peter TombrosDirector
Tom MurphyDirector
Brendan McgeeSecretary
Alex PetteeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$545,572
Program Service Revenue
$93,239
Investment Income
$6,948
Other Revenue
$76,198
All Other Contributions
$545,572
Change in Net Assets
$413,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,804
Grants and Similar Amounts Paid$800
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$48,402-$48,402
All Other Expenses$39,942$7,629-$47,571
Depreciation Depletion$28,699--$28,699
Other Expenses$19,251--$19,251
Grants to Domestic Orgs$800--$800
Fees for Services Accounting-$495-$495
Total Functional Expenses$252,078$56,526$0$308,604
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,198
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$76,198$76,198-$76,198
Total Events$76,198$76,198-$76,198
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Timothy pettee alex pettee president treasurer son

Form 990, Page 6, Part VI, Line 11B

The form 990 was prepared by an independent accountant and was reviewed by the finance committee in a forum open to all board members and subsequently distributed to the board of directors prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest questionnaire is distributed annually to all board directors and the president by the nominating & governance committee of the organization. The questionnaire responses are then reviewed by the executive committee and the board chair.

Form 990, Page 6, Part VI, Line 19

WEBSITE

Filing and Contact Details

Filer

Filer Name
Greens Ledge Light Preservation
EIN
81-3221399
Phone
9178475333
Address
PO BOX 43, ROWAYTON, CT 06853

Signing Officer

Name
Alex Pettee
Title
Treasurer
Phone
9178475333
Signed
2025-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Pettee
Formed
2015
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Mckenna & Sachs LLC
Address
110 POST ROAD, DARIEN, CT 06820
Preparer
Guy a Mckenna CPA
Phone
2036553500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Depreciation on acquired lighthouse

Form 990, Part IX, Line 24E

Licenses & taxes 18,860 0 0 boat costs 9,347 0 0 office supplies/software 0 7,134 0 utilities 5,704 0 0 dock 3,526 0 0 storage 2,505 0 0 bank service charges 0 345 0 captain training 0 150 0 total 39,942 7,629 0

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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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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0715009
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0776291
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0421855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0622552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0436878
IRS990ScheduleA/Total509Grp/TotalAmt02972585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0721957
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0776294
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0421856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0622554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0436930
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02979591
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0121154
IRS990ScheduleD/BuildingsGrp/DepreciationAmt028846
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/DonorAdvisedFundsContriAmt0225000
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0225558
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt031980
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012704
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044684
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt066480
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOAT DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0178515
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038016
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0216531
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0331649
IRS990ScheduleD/TotalBookValueOtherAssetsAmt066480
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt076198
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt076198
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt076198
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt076198
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION ON ACQUIRED LIGHTHOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TIMOTHY PETTEE ALEX PETTEE PRESIDENT TREASURER SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTANT AND WAS REVIEWED BY THE FINANCE COMMITTEE IN A FORUM OPEN TO ALL BOARD MEMBERS AND SUBSEQUENTLY DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD DIRECTORS AND THE PRESIDENT BY THE NOMINATING & GOVERNANCE COMMITTEE OF THE ORGANIZATION. THE QUESTIONNAIRE RESPONSES ARE THEN REVIEWED BY THE EXECUTIVE COMMITTEE AND THE BOARD CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LICENSES & TAXES 18,860 0 0 BOAT COSTS 9,347 0 0 OFFICE SUPPLIES/SOFTWARE 0 7,134 0 UTILITIES 5,704 0 0 DOCK 3,526 0 0 STORAGE 2,505 0 0 BANK SERVICE CHARGES 0 345 0 CAPTAIN TRAINING 0 150 0 TOTAL 39,942 7,629 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0817885
IRS990/TotalAssetsEOYAmt01236180
IRS990/TotalAssetsGrp/BOYAmt0817885
IRS990/TotalAssetsGrp/EOYAmt01236180
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0545572
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252078
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308604
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt04942
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04942
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0817885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01231238
IRS990/TotalOtherProgSrvcExpenseAmt029499
IRS990/TotalOtherProgSrvcGrantAmt0800
IRS990/TotalProgramServiceExpensesAmt0252078
IRS990/TotalProgramServiceRevenueAmt093239
IRS990/TotalRevenueGrp/ExclusionAmt06948
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt093239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0721957
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0817885
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01236180
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt04942
IRS990/USAddress/AddressLine1Txt0133C ROWAYTON AVENUE
IRS990/USAddress/CityNm0ROWAYTON
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006853
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0SAVEGREENSLEDGE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX PETTEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09178475333
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREENS LEDGE LIGHT PRESERVATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SOCIETY INC
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0813221399
ReturnHeader/Filer/PhoneNum09178475333
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 43
ReturnHeader/Filer/USAddress/CityNm0ROWAYTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006853
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCKENNA & SACHS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 POST ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DARIEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006820

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