Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
990EZ • Fiscal year 2019 • EIN 83-0890686
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Assets
Down$2,159
Down $11,310 (-84%) from 2018
Net Assets
-
No earlier filing loaded for comparison.
Liabilities
Up$54,853
Up $35,410 (+182%) from 2018
Revenue
Up$28,001
Up $20,276 (+262%) from 2018
Expenses
Up$74,721
Up $61,022 (+445%) from 2018
Net Income
Down-$46,720
Down $40,746 (-682%) from 2018
This 2019 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.
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.
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Displayed year
2019 • Form 990EZSummary only. Only limited summary data is available for this year.