Lighthouse Youth Theatre & Education Inc
- Assets
- $314.9k
- Revenue
- $561.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Yorktown Heights, NY
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 20-5772526
Organization Overview
Lighthouse Youth Theatre & Education Inc is located in Yorktown Heights, NY. The organization was established in 2008. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lighthouse Youth Theatre & Education Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Youth Theatre & Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lighthouse Youth Theatre & Education Inc generated $561.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $454.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY ARTS EDUCATION TO THE YOUTH OF WESTCHESTER COUNTY AND BEYOND FOR THE PURPOSES OF IMPROVING SELF-ESTEEM, BUILDING SELF-CONFIDENCE AND EMPOWERING WELL-ROUNDED EXPRESSIVE INDIVUIDALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THE HIGHEST QUALITY ARTS EDUCATION TO THE YOUTH OF WESTCHESTER COUNTY AND BEYOND FOR THE PURPOSES OF IMPROVING SELF-ESTEEM, BUILDING SELF-CONFIDENCE AND EMPOWERING WELL-ROUNDED EXPRESSIVE INDIVUIDALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nannette Fanelli Managing Dir | Officer | 35 | $88,030 |
John Fanelli Executive Dir. | OfficerTrustee | 35 | $87,770 |
Rene Brown Director | Trustee | 0 | $0 |
Stuart Silverman Director | Trustee | 0 | $0 |
Lynda Loigman Director | Trustee | 0 | $0 |
Mary Ellen Laino Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $291,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,043 |
| Total Program Service Revenue | $234,427 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,800 |
| Compensation of current officers, directors, key employees. | $43,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $780 |
| Office expenses | $2,640 |
| Information technology | $0 |
| Royalties | $3,355 |
| Occupancy | $33,915 |
| Travel | $4,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,664 |
| Insurance | $33,028 |
| All other expenses | $24,367 |
| Total functional expenses | $454,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $11,275 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $83,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $314,892 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $314,892 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $314,892 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lighthouse Youth Theatre & Education Inc has recieved totaling $40,255.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |