Civic Intelligence

Maine Lighthouse Trust

990EZ • Fiscal year 2019 • EIN 83-0890686

Jan 01, 2019 to Dec 31, 2019

Biddeford, ME
Siviq Scores

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

Liabilities / Assets

99th percentile

25.41x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

1.96x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

3rd percentile

-167%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

4th percentile

-84%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

262%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

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

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$2,159
Liabilities$54,853
Net Assets-

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$28,001
Expenses$74,721
Net Income-$46,720
Filing Detail Status

This 2019 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

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Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
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.

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