Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
990EZ • Fiscal year 2020 • EIN 83-0890686
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
16th percentile
Faster asset growth than 16% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Assets
Down$1,598
Down $561 (-26%) from 2019
Net Assets
-
No earlier filing loaded for comparison.
Liabilities
Up$57,047
Up $2,194 (+4.0%) from 2019
Revenue
Down$0
Down $28,001 (-100%) from 2019
Expenses
Down$2,755
Down $71,966 (-96%) from 2019
Net Income
Up-$2,755
Up $43,965 (+94%) from 2019
This 2020 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
2020 • Form 990EZSummary only. Only limited summary data is available for this year.