THE FRIENDS OF POINT BETSIE LIGHTHOUSE INC

EIN: 371451508 501(c)(3) Arts, Culture & Humanities

FRANKFORT, MI

Total Revenue
$294,894
Total Expenses
$377,405
Total Assets
$4,726,767
Net Assets
$4,662,947
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MI
Principal Officer
GRANT PORTEOUS
Phone
2318829032
Tax Period
2024-01-01 to 2024-12-31

THE FRIENDS OF POINT BETSIE LIGHTHOUSE INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $377K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO ADVISE, GUIDE, AND ASSIST IN EFFECTIVELY RESTORING, MAINTAINING, AND DEVELOPING THE POINT BETSIE LIGHTHOUSE PROPERTIES AND ITS OUTBUILDINGS. TO PROMOTE OPEN ACCESS BY PUBLIC CITIZENS, AND TO ASSIST IN MAKING THE LIGHTHOUSE SUCCESSFUL AS AN EDUCATIONAL FACILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $161,730
Program Service Revenue $0
Investment Income $18,842
Other Revenue $114,322
TOTAL REVENUE $294,894

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,252
Fundraising Expenses $10,447
Program Expenses $354,534
Other Expenses $246,153
TOTAL EXPENSES $377,405

Year-over-Year Comparison

2024 2023 Change
Revenue $294,894 $670,963 -0.6%
Expenses $377,405 $477,710 -0.2%
Net Income $-82,511 $193,253 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAYLE BROWN VICE PRESIDE N/A
Officer Director
$0 $0 $0
LESA HUGET SECRETARY N/A
Officer Director
$0 $0 $0
MICA JONES DIRECTOR N/A
Director
$0 $0 $0
MIKE MUSGRAVE DIRECTOR N/A
Director
$0 $0 $0
GRANT PORTEOUS DIRECTOR N/A
Director
$0 $0 $0
LAURA REZNICH TREASURER N/A
Officer Director
$0 $0 $0
BRAD STEFFENS DIRECTOR N/A
Director
$0 $0 $0
DICK TAYLOR PRESIDENT N/A
Officer Director
$0 $0 $0
KELLY WINTER DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $294,894 $377,405 $4,726,767 $-82,511
2023 $670,963 $477,710 $4,608,655 $193,253
2022 $2,965,383 $507,198 $4,202,014 $2,458,185
2021 $295,742 $225,797 $1,761,136 $69,945
2020 $289,290 $205,770 $1,688,431 $83,520
2019 $1,325,169 $234,910 $1,627,163 $1,090,259
2018 $206,182 $169,475 $521,146 $36,707
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