LIGHT HOUSE STUDIO INC

EIN: 542033510 501(c)(3) Arts, Culture & Humanities

CHARLOTTESVILLE, VA

Total Revenue
$772,605
Total Expenses
$846,979
Total Assets
$3,116,095
Net Assets
$3,110,438
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
DEANNA GOULD
Phone
4342936992
Tax Period
2024-01-01 to 2024-12-31

LIGHT HOUSE STUDIO INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $462K in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. Expenses of $405K left a modest 12% surplus.

Mission

Light House Studio equips young people with the skills and confidence to tell their stories and build community through collaborative filmmaking. We seek to foster a community where Charlottesvilles young people flourish as students, storytellers, and citizens.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $437,900
Program Service Revenue $287,290
Investment Income $33,919
Other Revenue $13,496
TOTAL REVENUE $772,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $556,062
Fundraising Expenses $82,613
Program Expenses $624,252
Other Expenses $290,917
TOTAL EXPENSES $846,979

Year-over-Year Comparison

2024 2023 Change
Revenue $772,605 $1,111,740 -0.3%
Expenses $846,979 $753,911 +0.1%
Net Income $-74,374 $357,829 -1.2%
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
12
Independent Members
11
Employees
9
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
3
$91,573
Total Directors
12
$91,573
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL BROZENSKE TREASURER 2.00
Officer Director
$0 $0 $0
RICK PREVE DIRECTOR 2.00
Director
$0 $0 $0
SARAH GRAY PARRISH DIRECTOR 2.00
Director
$0 $0 $0
OLIVIA BRANCH DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE BROWN DIRECTOR 2.00
Director
$0 $0 $0
ELVIRA TATE HOSKINS SECRETARY 2.00
Officer Director
$0 $0 $0
DEANNA GOULD EXEC. DIRECTOR, DIRECTOR 45.00
Officer Director
$91,573 $0 $91,573
EUGENIE ATHERTON DIRECTOR 2.00
Director
$0 $0 $0
CASSIE GUY DIRECTOR 2.00
Director
$0 $0 $0
TY COOPER DIRECTOR 2.00
Director
$0 $0 $0
MATT WILKINSON DIRECTOR 2.00
Director
$0 $0 $0
JENN WINSLOW CHAIR, 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 $772,605 $846,979 $3,116,095 $-74,374
2023 $1,111,740 $753,911 $3,204,791 $357,829
2022 $664,514 $657,130 $2,858,570 $7,384
2021 $654,730 $442,099 $2,848,982 $212,631
2020 $847,415 $496,916 $2,708,923 $350,499
2019 $612,619 $458,616 $1,904,087 $154,003
2018 $462,401 $405,005 $1,785,676 $57,396
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