Civic Intelligence

Chesapeake Lighthouse Foundation Inc.

990 • Fiscal year 2014 • EIN 83-0356333

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 12, 2014

Organization ProfileWWW.CLFMD.ORG
7321 Parkway Drive SouthLaurel, MD 21076

(301) 776-2300

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.84x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

20th percentile

-4.8%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

25th percentile

$107,580

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

98th percentile

156%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

1.8%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$10,785,137

Up $9,978,317 (+1237%) from 2011

Net Assets

Up

$2,047,426

Up $1,518,985 (+287%) from 2011

Liabilities

Up

$8,737,711

Up $8,459,332 (+3039%) from 2011

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin20th percentile

Revenue

$10,394,372

No earlier filing loaded for comparison.

Expenses

Up

$10,894,418

Up $7,411,856 (+213%) from 2011

Net Income

-$500,046

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$150M$100M$50M$0-$50MAssets 2010: $664,462Liabilities 2010: $547,118Net Assets 2010: $117,3442010Assets 2011: $806,820Liabilities 2011: $278,379Net Assets 2011: $528,4412011Assets 2014: $10,785,137Liabilities 2014: $8,737,711Net Assets 2014: $2,047,4262014Assets 2015: $32,176,131Liabilities 2015: $29,105,281Net Assets 2015: $3,070,8502015Assets 2016: $40,093,175Liabilities 2016: $39,883,801Net Assets 2016: $209,3742016Assets 2017: $60,360,578Liabilities 2017: $61,138,390Net Assets 2017: -$777,8122017Assets 2018: $71,428,713Liabilities 2018: $71,579,135Net Assets 2018: -$150,4222018Assets 2019: $74,533,987Liabilities 2019: $71,822,412Net Assets 2019: $2,711,5752019Assets 2020: $79,192,054Liabilities 2020: $71,506,618Net Assets 2020: $7,685,4362020Assets 2021: $95,248,368Liabilities 2021: $83,040,388Net Assets 2021: $12,207,9802021Assets 2022: $97,823,093Liabilities 2022: $80,173,208Net Assets 2022: $17,649,8852022Assets 2023: $104,993,642Liabilities 2023: $77,855,506Net Assets 2023: $27,138,1362023Assets 2024: $123,251,178Liabilities 2024: $94,254,646Net Assets 2024: $28,996,5322024Assets 2025: $131,565,365Liabilities 2025: $99,539,195Net Assets 2025: $32,026,1702025

Highlighted filing

2014

Assets$10,785,137
Liabilities$8,737,711
Net Assets$2,047,426
Open 2014 Filing

Operations Trend

Revenue Growth41st percentile

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $2,629,3602010Expenses 2011: $3,482,5622011Revenue 2014: $10,394,372Expenses 2014: $10,894,418Net Income 2014: -$500,0462014Revenue 2015: $19,303,709Expenses 2015: $18,280,285Net Income 2015: $1,023,4242015Revenue 2016: $20,935,845Expenses 2016: $23,797,321Net Income 2016: -$2,861,4762016Revenue 2017: $24,497,798Expenses 2017: $25,484,984Net Income 2017: -$987,1862017Revenue 2018: $28,684,006Expenses 2018: $28,056,616Net Income 2018: $627,3902018Revenue 2019: $38,850,420Expenses 2019: $35,988,423Net Income 2019: $2,861,9972019Revenue 2020: $41,089,783Expenses 2020: $36,115,922Net Income 2020: $4,973,8612020Revenue 2021: $41,440,883Expenses 2021: $36,918,339Net Income 2021: $4,522,5442021Revenue 2022: $48,417,489Expenses 2022: $42,975,584Net Income 2022: $5,441,9052022Revenue 2023: $58,554,386Expenses 2023: $49,066,135Net Income 2023: $9,488,2512023Revenue 2024: $67,569,282Expenses 2024: $58,613,030Net Income 2024: $8,956,2522024Revenue 2025: $65,275,806Expenses 2025: $61,683,008Net Income 2025: $3,592,7982025

Highlighted filing

2014

Revenue$10,394,372
Expenses$10,894,418
Net Income-$500,046
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 12, 2014
Return Version
2013v3.0
Gross Receipts
$10,394,372
Mission and Program Overview

Mission

To attain educational excellence by providing a rigorous and technology-integrated education for k-12 students with an emphasis on mathematics, science, and information technologies.

To provide a rigorous and quality education for middle and high school students with a special focus on math, science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,901,339$9,505,476▲ $6,604,137
Cash and Non-Interest-Bearing Accounts$1,015,867$754,169▼ $261,698
Accounts Receivable$209,777$446,705▲ $236,928
Loans From Officers Directors-$300,000-
Total Assets$4,205,770$10,785,137▲ $6,579,367
Other Assets Total$78,787$78,787→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,105,968$7,935,904▲ $6,829,936
Other Liabilities$472,012$377,478▼ $94,534
Accounts Payable and Accrued Expenses$63,783$114,759▲ $50,976
Deferred Revenue$16,535$9,570▼ $6,965
Total Liabilities$1,658,298$8,737,711▲ $7,079,413
Net Assets / Fund Balance
Unrestricted Net Assets$2,547,472$2,047,426▼ $500,046
Total Net Assets Fund Balance$2,547,472$2,047,426▼ $500,046
Total Liabilities and Net Assets / Fund Balance$4,205,770$10,785,137▲ $6,579,367

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,991,466$45,106$7,036,572
Leasehold Improvements$1,946,208$948,598$2,894,806
Equipment$567,802$691,053$1,258,855
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Omer OzmeralPresident/CEOFT$100,833$6,747$107,580

Board Members and Trustees

NameTitle
Spear LancasterChair
Dr Murat CilVice Chair
Dr Alicia JosephDirector
Lutfi onDirector
Michelle TaylorDirector
Neil MazuranicDirector
Mehmet KurumDirector (until 8/14)
Salih MirasyediSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Re Wilson & Sons INCTransportation-$555,165
Mnb Transportation LLCTransportation-$251,804
Revenue and Support

Revenue Composition

Contributions and Grants
$2,264
Program Service Revenue
$10,181,529
Investment Income
$46,363
Other Revenue
$164,216
All Other Contributions
$2,264
Change in Net Assets
$-500,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,498,311
Other Expenses$5,396,107
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,507,379$824,580-$4,331,959
Occupancy$1,189,817$279,724-$1,469,541
Fees for Services Other$645,063$154,430-$799,493
Other Employee Benefits$575,522$135,304-$710,826
Depreciation Depletion$564,576$132,731-$697,307
Payroll Taxes$206,792$48,617-$255,409
Office Expenses$170,332$53,787-$224,119
Interest-$198,410-$198,410
Current Officers, Directors, Trustees, and Key Employees$99,988$23,507-$123,495
Pension Plan Contributions$62,037$14,585-$76,622
Other Expenses$41,198$9,685-$50,883
Advertising-$50,019-$50,019
Travel$17,061$4,011-$21,072
Fees for Services Accounting-$20,000-$20,000
Insurance$13,077$3,074-$16,151
Fees for Services Legal$9,135$2,148-$11,283
All Other Expenses$7,437$1,859-$9,296
Conferences and Meetings-$3,076-$3,076
Total Functional Expenses$8,777,522$2,116,896$0$10,894,418
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$300,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$377,478
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The board of directors reviews a copy of the form 990 before it is filed with the irs.”

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

“Board members and officers sign a conflict of interest form and statement indicating interests that could give rise to conflicts. This is done on an annual basis.”

Form 990, Part VI, Section B, Line 15A

“The organization uses a compensation survey or study to determine the president/ceo's compensation. The amount is approved by the board of directors. The last compensation survey was completed in february of 2013.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, financial statements and form 990 available to the public upon request.”

Filing and Contact Details

Filer

EIN
83-0356333
Phone
3017762300

Signing Officer

Name
Omer Ozmeral
Title
President/CEO
Phone
3017762300
Signed
2014-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Omer Ozmeral
Formed
2003
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
6
Employees
23
Volunteers
0

Preparer

Preparer
David Jones
Phone
4108840220
Supplemental Narrative

Additional Explanations

ITEM C. DOING BUSINES AS NAMES:

“Chesapeake lighthouse foundation, inc. ("the foundation") operates two charter schools under the names chesapeake science point charter school and chesapeake math & it academy, inc. Chesapeake math & it academy, inc. Continues to operate under its pre-merger name although the original corporation that operated this school no longer exists.”

Form 990, Part III, Line 3

“In a written communication dated april 23, 2013, clf decided not to renew its contract with the baltimore city public schools system to operate and manage the baltimore it academy (bit), effective june 30, 2013. As a result, bit was no longer managed by the foundation during fiscal year 2014.”

Form 990, Part XII, Line 2C

“The organization has not changed its oversight or selection process during the year.”

Financial Statement Notes

PART X, LINE 2:

“Clf recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Clf does not believe its financial statements include any uncertain tax positions.”

Raw XML AppendixShowing 400 of 498 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/MissionDesc0TO ATTAIN EDUCATIONAL EXCELLENCE BY PROVIDING A RIGOROUS AND TECHNOLOGY-INTEGRATED EDUCATION FOR K-12 STUDENTS WITH AN EMPHASIS ON MATHEMATICS, SCIENCE, AND INFORMATION TECHNOLOGIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01105968
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07935904
IRS990/NetAssetsOrFundBalancesBOYAmt02547472
IRS990/NetAssetsOrFundBalancesEOYAmt02047426
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt046363
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt046363
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0110645
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0110645
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0279724
IRS990/OccupancyGrp/ProgramServicesAmt01189817
IRS990/OccupancyGrp/TotalAmt01469541
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt053787
IRS990/OfficeExpensesGrp/ProgramServicesAmt0170332
IRS990/OfficeExpensesGrp/TotalAmt0224119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt078787
IRS990/OtherAssetsTotalGrp/EOYAmt078787
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0135304
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0575522
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0710826
IRS990/OtherExpensesGrp/Desc0BUS TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0115743
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt141606
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29685
IRS990/OtherExpensesGrp/ProgramServicesAmt0998822
IRS990/OtherExpensesGrp/ProgramServicesAmt1492316
IRS990/OtherExpensesGrp/ProgramServicesAmt2176970
IRS990/OtherExpensesGrp/ProgramServicesAmt341198
IRS990/OtherExpensesGrp/TotalAmt0998822
IRS990/OtherExpensesGrp/TotalAmt1608059
IRS990/OtherExpensesGrp/TotalAmt2218576
IRS990/OtherExpensesGrp/TotalAmt350883
IRS990/OtherLiabilitiesGrp/BOYAmt0472012
IRS990/OtherLiabilitiesGrp/EOYAmt0377478
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1REFUNDS
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt042023
IRS990/OtherRevenueMiscGrp/ExclusionAmt18826
IRS990/OtherRevenueMiscGrp/ExclusionAmt21828
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18826
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21828
IRS990/OtherRevenueTotalAmt053571
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0824580
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03507379
IRS990/OtherSalariesAndWagesGrp/TotalAmt04331959
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048617
IRS990/PayrollTaxesGrp/ProgramServicesAmt0206792
IRS990/PayrollTaxesGrp/TotalAmt0255409
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014585
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt062037
IRS990/PensionPlanContributionsGrp/TotalAmt076622
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0OMER OZMERAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1TRANSPORTATION SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2ADMINISTRATIVE SUPPORT FEES
IRS990/ProgramServiceRevenueGrp/Desc3ENRICHMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc4STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09473523
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1322675
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2195690
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3164156
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt425485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09473523
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1322675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2195690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3164156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt425485
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt067298
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt05119515
IRS990/PYOtherRevenueAmt0140475
IRS990/PYProgramServiceRevenueAmt010002407
IRS990/PYRevenuesLessExpensesAmt0433768
IRS990/PYSalariesCompEmpBnftPaidAmt04656897
IRS990/PYTotalExpensesAmt09776412
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010210180
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-500046
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0110645
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010181529
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06991466
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045106
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07036572
IRS990ScheduleD/EquipmentGrp/BookValueAmt0567802
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0691053
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01258855
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01946208
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0948598
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02894806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0377478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CLF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. CLF DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09505476
IRS990ScheduleD/TotalLiabilityAmt0377478
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CHESAPEAKE SCIENCE POINT CHARTER SCHOOL AND CHESAPEAKE MATH AND IT ACADEMY, INC. PUBLICIZE THEIR RACIALLY NONDISCRIMINATORY POLICY IN THEIR SCHOOL BROCHURES, FLYERS, ENROLLMENT FORMS, AND STUDENT AND EMPLOYEE HANDBOOKS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0300000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO SERVE AS COLLATERAL ON THE OUTSTANDING LOANS HELD WITH BB&T
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0300000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SPEAR LANCASTER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0300000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHESAPEAKE LIGHTHOUSE FOUNDATION, INC. ("THE FOUNDATION") OPERATES TWO CHARTER SCHOOLS UNDER THE NAMES CHESAPEAKE SCIENCE POINT CHARTER SCHOOL AND CHESAPEAKE MATH & IT ACADEMY, INC. CHESAPEAKE MATH & IT ACADEMY, INC. CONTINUES TO OPERATE UNDER ITS PRE-MERGER NAME ALTHOUGH THE ORIGINAL CORPORATION THAT OPERATED THIS SCHOOL NO LONGER EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN A WRITTEN COMMUNICATION DATED APRIL 23, 2013, CLF DECIDED NOT TO RENEW ITS CONTRACT WITH THE BALTIMORE CITY PUBLIC SCHOOLS SYSTEM TO OPERATE AND MANAGE THE BALTIMORE IT ACADEMY (BIT), EFFECTIVE JUNE 30, 2013. AS A RESULT, BIT WAS NO LONGER MANAGED BY THE FOUNDATION DURING FISCAL YEAR 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS A COPY OF THE FORM 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS AND OFFICERS SIGN A CONFLICT OF INTEREST FORM AND STATEMENT INDICATING INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THIS IS DONE ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION USES A COMPENSATION SURVEY OR STUDY TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION. THE AMOUNT IS APPROVED BY THE BOARD OF DIRECTORS. THE LAST COMPENSATION SURVEY WAS COMPLETED IN FEBRUARY OF 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0ITEM C. DOING BUSINES AS NAMES:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,785,137
Liabilities
$8,737,711
Net assets
$2,047,426
Revenue
$10,394,372
Expenses
$10,894,418
Net income
-$500,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$132$99.5$32.0$65.3$61.7$3.59
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$94.3$29.0$67.6$58.6$8.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$77.9$27.1$58.6$49.1$9.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.8$80.2$17.6$48.4$43.0$5.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.2$83.0$12.2$41.4$36.9$4.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.2$71.5$7.69$41.1$36.1$4.97
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.5$71.8$2.71$38.9$36.0$2.86
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$71.6$0.15$28.7$28.1$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.4$61.1$0.78$24.5$25.5$0.99
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$39.9$0.21$20.9$23.8$2.86
2015Detailed filing. Detailed filing data is available for this year.$32.2$29.1$3.07$19.3$18.3$1.02
2014Detailed filing. Detailed filing data is available for this year.$10.8$8.74$2.05$10.4$10.9$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.28$0.53$3.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.55$0.12$2.63