Civic Intelligence

Maine Lighthouse Trust

EIN 83-0890686 • 501(c)3 • Biddeford, ME

Pub. 78 Eligible

Profile

THE TRUST WAS INCORPORATED MAY 31, 2018 AND RECEIVED APPROVAL AS A SECTION 501(c)(3) PUBLIC CHARITY UNDER SECTION 170(b)(1)(A)(vi) ON MAY 30,2019. IT'S PRIMARY PURPOSE IS TO FUND THE PRESERVATION AND RESTORATION OF MAINE'S LIGHTHOUSES, INCLUDING PROVIDING PUBLIC ACCESS AND EDUCATION. OUR INTIAL EFFORTS HAVE BEEN TO OBTAIN MAINE STATE APPROVAL OF A NEW SPECIALTY LICENSE PLATE, THE SALE OF WHICH WILL FUND THE ORGANIZATION'S PRIMARY PURPOSE. THAT APPROVAL, IN THE FORM OF LEGISLATION, WAS DELAYED FOR A YEAR DUE TO THE COVID-19 SHUTDOWN OF MAINE'S 129TH LEGISLATURE. IT WAS FINALLY APPROVED IN THE SPRING OF 2021 (LD266) BY THE 130TH LEGISLATURE. SALE OF THE NEW PLATE COMMENCED IN OCTOBER OF 2021. THE TRUST DID NOT START RECEIVING FUNDS FROM THE STATE UNTIL 2022. NO GRANTS WERE MADE IN 2021.

6 Hanson LaneBiddeford, ME 04005

mainelighthousetrust.org

Siviq Scores

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

Liabilities / Assets

94th percentile

1.12x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

87th percentile

55%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

44%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$18,587

Up $6,603 (+55%) from 2023

Liabilities

Down

$20,852

Down $17,898 (-46%) from 2023

Net Assets

Up

-$2,265

Up $24,501 (+92%) from 2023

Revenue

Up

$149,093

Up $45,312 (+44%) from 2023

Expenses

Up

$124,592

Up $26,566 (+27%) from 2023

Net Income

Up

$24,501

Up $18,746 (+326%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2018: $13,469Liabilities 2018: $19,4432018Assets 2019: $2,159Liabilities 2019: $54,8532019Assets 2020: $1,598Liabilities 2020: $57,0472020Assets 2021: $1,070Liabilities 2021: $59,241Net Assets 2021: -$58,1712021Assets 2022: $4,450Liabilities 2022: $52,223Net Assets 2022: -$47,7732022Assets 2023: $11,984Liabilities 2023: $38,750Net Assets 2023: -$26,7662023Assets 2024: $18,587Liabilities 2024: $20,852Net Assets 2024: -$2,2652024

Highlighted filing

2024

Assets$18,587
Liabilities$20,852
Net Assets-$2,265

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2018: $7,725Expenses 2018: $13,699Net Income 2018: -$5,9742018Revenue 2019: $28,001Expenses 2019: $74,721Net Income 2019: -$46,7202019Revenue 2020: $0Expenses 2020: $2,755Net Income 2020: -$2,7552020Revenue 2021: $0Expenses 2021: $2,722Net Income 2021: -$2,7222021Revenue 2022: $58,827Expenses 2022: $57,640Net Income 2022: $1,1872022Revenue 2023: $103,781Expenses 2023: $98,026Net Income 2023: $5,7552023Revenue 2024: $149,093Expenses 2024: $124,592Net Income 2024: $24,5012024

Highlighted filing

2024

Revenue$149,093
Expenses$124,592
Net Income$24,501

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.0
Gross Receipts
$149,093
Mission and Program Overview

Mission

THE TRUST WAS INCORPORATED MAY 31, 2018 AND RECEIVED APPROVAL AS A SECTION 501(c)(3) PUBLIC CHARITY UNDER SECTION 170(b)(1)(A)(vi) ON MAY 30,2019. IT'S PRIMARY PURPOSE IS TO FUND THE PRESERVATION AND RESTORATION OF MAINE'S LIGHTHOUSES, INCLUDING PROVIDING PUBLIC ACCESS AND EDUCATION. OUR INTIAL EFFORTS HAVE BEEN TO OBTAIN MAINE STATE APPROVAL OF A NEW SPECIALTY LICENSE PLATE, THE SALE OF WHICH WILL FUND THE ORGANIZATION'S PRIMARY PURPOSE. THAT APPROVAL, IN THE FORM OF LEGISLATION, WAS DELAYED FOR A YEAR DUE TO THE COVID-19 SHUTDOWN OF MAINE'S 129TH LEGISLATURE. IT WAS FINALLY APPROVED IN THE SPRING OF 2021 (LD266) BY THE 130TH LEGISLATURE. SALE OF THE NEW PLATE COMMENCED IN OCTOBER OF 2021. THE TRUST DID NOT START RECEIVING FUNDS FROM THE STATE UNTIL 2022. NO GRANTS WERE MADE IN 2021.

THE TRUST WAS INCORPORATED MAY 31, 2018 AND RECEIVED APPROVAL AS A SECTION 501(c)(3) PUBLIC CHARITY UNDER SECTION 170(b)(1)(A)(vi) ON MAY 30, 2019. ITS PRIMARY PURPOSE IS TO SUPPORT MAINE'S LIGHTHOUSE ORGANIZATIONS, PRESERVATION AND RESTORATION GROUPS, NONPROFITS, AND OTHER AFFILIATED ORGANIZATIONS AND TO SAVE MAINE'S ICONIC LIGHTHOUSES AND THEIR HERITAGE THROUGH RESTORATION AND THE EDUCATION OF CURRENT AND FUTURE GENERATIONS.. FUNDING FOR THESE ACTIVITIES WILL BE PROVIDED BY THE SALE OF A NEW SPECIALTY LICENSE PLATE WHICH WAS APPROVED BY THE 130TH MAINE LEGISLATURE IN THE SPRING OF 2021 (LD266). 2024 IS THE THIRD YEAR THAT THE TRUST RECEIVED THIS FUNDING FROM THE STATE.....IN 2024 THE TRUST PAID $117,135 IN GRANTS AND PAYMENTS TO MAINE'S LIGHTHOUSE COMMUNITY. MORE INFORMATION ON THE 11 ORGANIZATIONS WHO RECEIVED THESE GRANTS AND THE USE OF THOSE FUNDS CAN BE FOUND IN THE SCHEDULE O NOTE FOR PART I, LINE 10

Program Services

DescriptionGrantsExpenses
SUPPORTING MAINE'S LIGHTHOUSE ORGANIZATIONS: GRANTS WERE MADE TO TEN MAINE LIGHTHOUSE ORGANIZATIONS TOTALING $105,135. THESE GRANTS PROVIDED FUNDING TO ENHANCE PUBLIC ACCESS AND/OR REPAIR AND PRESERVE THESE STRUCTURES.$105,135$6,696
PAYMENTS WERE MADE TO SEVEN LIGHTHOUSE ORGANIZATIONS AS PART OF THE TRUST'S "FOUNDER'S CAMPAIGN" COMMITMENT TO THE MAINE LIGHTHOUSE COMMUNITY.$12,000$761
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SEAN MURPHYPresidentPT$0--
WALTER FOWSKITreasurerPT$0--
JANET GERDINGSecretaryPT$0--
CAROL WELDINBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Maine Lighthouse Trust
EIN
83-0890686
Phone
2072823148
Address
6 HANSON LANE, BIDDEFORD, ME 04005

Signing Officer

Name
Carol Weldin
Title
Treasurer
Phone
9788531031
Signed
2025-05-05
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Swans Island Grant Refund: Swans Island was issued a grant in 2023 in the amount of $16,563. They were able to complete the work planned for less than the amount granted and returned the $371 difference.

Form 990-EZ, Part I, Line 10

In 2024, a total of $117,135 in grants were paid to TWELVE Independent 501c3 organizations to support their work in maintaining lighthouses. $105,135 in grants were made to the following TEN organizations to support their work in maintaining lighthouses. Listed in order from greatest to least in award amount, they are: CURTIS ISLAND LIGHTHOUSE FOUNDATION, $25,000 EIN 93-1603588 (Design, permit, construct, install island access floats)1 Beacon Ave, Camden, ME 04843, KENNEBUNKPORT CONSERVATION TRUST, $25,000 EIN 23-7271573 (Construct durable walkway around the tower) PO Box 7004, Cape Porpoise, Me 04014, FRIENDS OF SEQUIN ISLAND LIGHT STATION, $10,000 EIN 01-0420547 (Permitting & Design plan for better access to island) 72 Front St Ste 3, Bath, ME 04530, PRESUMPSCOT FOUNDATION, $10,000 EIN 27-1567070 (Anchor boat house to ledge; build storm shutters) 54 Bartol Island Rd., Freeport, ME 04032, WEST QUODDY HEAD LIGHT KEEPERS ASSOC., $10,000 EIN 01-0544565 (Replacement of floors inside Visitors Center) 973 S Lubec Rd, Lubec, ME 04652, FRIENDS OF SWANS ISLAND, $5,135 EIN 26-4546654 (Maintenance to Bell House) PO Box 86, Swan's Island, ME 04685, FRIENDS OF WOOD ISLAND LIGHTHOUSE, $5,000, EIN 01-0499730 (Move boathouse and reconstruct access) 1 Lester B Orcutt Blvd, Vines Landing, Biddeford Pool, ME 04006, GRAND BANKS SCHOONER MUSEUM TRUST, $5,000 EIN 01-0359164 (Reconstruct elevated walkway) 25 Roads End, Boothbay Harbor, ME 04538; ISLAND HERITAGE TRUST, $5,000 EIN 01-0426251 (Debris removal from storm damage) 420 Sunset Rd, Deer Isle, ME 04627, WHITEHEAD LIGHT STATION, $5,000 EIN 01-0493614 (Temporary removable walkway) 19 Emery Wharf Road, Spruce Head, ME 04859. In addition, $12,000 was paid to SEVEN organizations who are part of the founders' campaign and supported the effort to obtain state approval of the specialty lighthouse license plate. Listed in order from greatest to least in amount, they are: FRIENDS OF WOOD ISLAND LIGHTHOUSE, $10,000 EIN 01-0499730, 1 Lester B Orcutt Blvd, Vines Landing, Biddeford Pool, ME 04006, PRESUMPSCOT FOUNDATION, $1,500 EIN 27-1567070, 54 Bartol Island Rd., Freeport, ME 04032; AMERICAN LIGHTHOUSE FOUNDATION, $100, EIN 01-0499730, PO BOX 565, Rockland, ME 04841, FRIENDS OF SEQUIN ISLAND LIGHT STATION, $100 EIN 01-0420547 72 Front St Ste 3, Bath, ME 04530; KENNEBUNKPORT CONSERVATION TRUST $100 EIN 23-7271573, PO Box 7004, Cape Porpoise, Me 04014, SPRING POINT LEDGE LIGHT TRUST, $100 EIN 01-0523776, PO Box 2311, South Portland, ME 04116, WEST QUODDY HEAD LIGHT KEEPERS ASSOC., $100, EIN 01-0544565, 973 S Lubec Rd, Lubec, ME 04652.

Form 990-EZ, Part I, Line 16

Description;Amount^MAINE ASSOCIATION OF NON PROFITS MEMBERSHIP;100|MAINE ANNUAL REPORT FILING FEE;35|MAINE SOLICITATION LICENSE;20|MAINE PHILANTHROPY CENTER MEMBERSHIP;895|INTEREST ON THREE OUTSTANDING LOANS;954^Total;2004^

Form 990-EZ, Part II, Line 26

Form 990-EZ, Part II, Line 26 - PRINCIPAL ($16,000) PLUS INTEREST ($4852) ON TWO OUTSTANDING LOANS, SEE SCHEDULE L FOR MORE LOAN INFORMATION.

Raw XML Appendix222 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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0See Part V
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Schedule L, Part II - THE LOANS FROM THE FOUNDER AND PRESIDENT OF THE MAINE LIGHTHOUSE TRUST CARRY A 5% INTEREST RATE AND WERE MADE FOR THE PURPOSE OF FUNDING SOME STARTUP COSTS OF THE ORGANIZATION IN 2018. EFFORTS TO OBTAIN OVER 2000 PRE-ORDERS FOR THE NEW SPECIALTY LICENSE PLATE, AND OPERATING EXPENSES IN 2019, 2020, AND 2021 WHILE WAITING FOR THE MAINE 130TH LEGISLATURE TO APPROVE THE NEW PLATE IN ACCORDANCE WITH TITLE 29A OF MAINE REVISED STATUTES VIA LD266. THESE LOANS ARE BEING PAID OFF AS FUNDING PERMITS WITHOUT IMPACTING THE TRUST'S ABILITY TO SUPPORT ITS PRIMARY EXEMPT PURPOSE.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part II
IRS990ScheduleL/TotalBalanceDueAmt020852
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Swans Island Grant Refund: Swans Island was issued a grant in 2023 in the amount of $16,563. They were able to complete the work planned for less than the amount granted and returned the $371 difference.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1In 2024, a total of $117,135 in grants were paid to TWELVE Independent 501c3 organizations to support their work in maintaining lighthouses. $105,135 in grants were made to the following TEN organizations to support their work in maintaining lighthouses. Listed in order from greatest to least in award amount, they are: CURTIS ISLAND LIGHTHOUSE FOUNDATION, $25,000 EIN 93-1603588 (Design, permit, construct, install island access floats)1 Beacon Ave, Camden, ME 04843, KENNEBUNKPORT CONSERVATION TRUST, $25,000 EIN 23-7271573 (Construct durable walkway around the tower) PO Box 7004, Cape Porpoise, Me 04014, FRIENDS OF SEQUIN ISLAND LIGHT STATION, $10,000 EIN 01-0420547 (Permitting & Design plan for better access to island) 72 Front St Ste 3, Bath, ME 04530, PRESUMPSCOT FOUNDATION, $10,000 EIN 27-1567070 (Anchor boat house to ledge; build storm shutters) 54 Bartol Island Rd., Freeport, ME 04032, WEST QUODDY HEAD LIGHT KEEPERS ASSOC., $10,000 EIN 01-0544565 (Replacement of floors inside Visitors Center) 973 S Lubec Rd, Lubec, ME 04652, FRIENDS OF SWANS ISLAND, $5,135 EIN 26-4546654 (Maintenance to Bell House) PO Box 86, Swan's Island, ME 04685, FRIENDS OF WOOD ISLAND LIGHTHOUSE, $5,000, EIN 01-0499730 (Move boathouse and reconstruct access) 1 Lester B Orcutt Blvd, Vines Landing, Biddeford Pool, ME 04006, GRAND BANKS SCHOONER MUSEUM TRUST, $5,000 EIN 01-0359164 (Reconstruct elevated walkway) 25 Roads End, Boothbay Harbor, ME 04538; ISLAND HERITAGE TRUST, $5,000 EIN 01-0426251 (Debris removal from storm damage) 420 Sunset Rd, Deer Isle, ME 04627, WHITEHEAD LIGHT STATION, $5,000 EIN 01-0493614 (Temporary removable walkway) 19 Emery Wharf Road, Spruce Head, ME 04859. In addition, $12,000 was paid to SEVEN organizations who are part of the founders' campaign and supported the effort to obtain state approval of the specialty lighthouse license plate. Listed in order from greatest to least in amount, they are: FRIENDS OF WOOD ISLAND LIGHTHOUSE, $10,000 EIN 01-0499730, 1 Lester B Orcutt Blvd, Vines Landing, Biddeford Pool, ME 04006, PRESUMPSCOT FOUNDATION, $1,500 EIN 27-1567070, 54 Bartol Island Rd., Freeport, ME 04032; AMERICAN LIGHTHOUSE FOUNDATION, $100, EIN 01-0499730, PO BOX 565, Rockland, ME 04841, FRIENDS OF SEQUIN ISLAND LIGHT STATION, $100 EIN 01-0420547 72 Front St Ste 3, Bath, ME 04530; KENNEBUNKPORT CONSERVATION TRUST $100 EIN 23-7271573, PO Box 7004, Cape Porpoise, Me 04014, SPRING POINT LEDGE LIGHT TRUST, $100 EIN 01-0523776, PO Box 2311, South Portland, ME 04116, WEST QUODDY HEAD LIGHT KEEPERS ASSOC., $100, EIN 01-0544565, 973 S Lubec Rd, Lubec, ME 04652.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^MAINE ASSOCIATION OF NON PROFITS MEMBERSHIP;100|MAINE ANNUAL REPORT FILING FEE;35|MAINE SOLICITATION LICENSE;20|MAINE PHILANTHROPY CENTER MEMBERSHIP;895|INTEREST ON THREE OUTSTANDING LOANS;954^Total;2004^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990-EZ, Part II, Line 26 - PRINCIPAL ($16,000) PLUS INTEREST ($4852) ON TWO OUTSTANDING LOANS, SEE SCHEDULE L FOR MORE LOAN INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Weldin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09788531031
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAINE LIGHTHOUSE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0830890686
ReturnHeader/Filer/PhoneNum02072823148
ReturnHeader/Filer/USAddress/AddressLine1Txt06 HANSON LANE
ReturnHeader/Filer/USAddress/CityNm0BIDDEFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004005
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-05T08:51:41-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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