THE LIGHTHOUSE WORKS INC

EIN: 460865290 501(c)(3) Arts, Culture & Humanities

FISHERS ISLAND, NY

Total Revenue
$1,049,871
Total Expenses
$652,867
Total Assets
$2,049,898
Net Assets
$2,049,122
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
MARY BURNHAM
Phone
6317887864
Tax Period
2023-01-01 to 2023-12-31

THE LIGHTHOUSE WORKS INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $397K, a strong 38% operating margin.

Mission

THE LIGHTHOUSE WORKS IS DEVOTED TO ENCOURAGING THE DEVELOPMENT OF ARTISTS THROUGH A FELLOWSHIP PROGRAM AND TO THE YEAR AROUND CULTURAL VITALITY OF FISHERS ISLAND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,025,195
Program Service Revenue $20,679
Investment Income $3,997
Other Revenue $0
TOTAL REVENUE $1,049,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $216,831
Fundraising Expenses $45,856
Program Expenses $541,424
Other Expenses $436,036
TOTAL EXPENSES $652,867

Year-over-Year Comparison

2023 2022 Change
Revenue $1,049,871 $1,381,915 -0.2%
Expenses $652,867 $631,808 +0.0%
Net Income $397,004 $750,107 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
20

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER BURNHAM VICE PRESIDE 4.00
Officer Director
$0 $0 $0
MARY BURNHAM PRESIDENT 4.00
Officer Director
$0 $0 $0
MARNIE FRANKLIN DIRECTOR 2.00
Director
$0 $0 $0
JAN GENIESSE DIRECTOR 2.00
Director
$0 $0 $0
ROBIN GIBBS DIRECTOR 2.00
Director
$0 $0 $0
MEREDITH JAMES DIRECTOR 2.00
Director
$0 $0 $0
ARTHUR KUIJPERS TREASURER 4.00
Officer Director
$0 $0 $0
SUSAN LAWRENCE DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH MILLER DIRECTOR 2.00
Director
$0 $0 $0
TOM PARKER DIRECTOR 4.00
Director
$0 $0 $0
SARAH STACK DIRECTOR 2.00
Director
$0 $0 $0
CHRISTABEL VARTANIAN DIRECTOR 2.00
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 No data No data No data No data
2023 $1,049,871 $652,867 $2,049,898 $397,004
2022 $1,381,915 $631,808 $1,653,014 $750,107
2021 $614,054 $494,606 $905,482 $119,448
2020 $373,688 $366,434 $786,379 $7,254
2019 $472,871 $423,755 $775,435 $49,116
2018 $454,858 $374,541 $727,521 $80,317
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