Lighthouse Guild International Inc
- Assets
- $530.6m
- Revenue
- $31.7m
- Investments
- $113.0m
- Employees
- 111
- Location
- New York, NY
- Founding
- 07/2014
- Data as of
- 12/2019
- EIN
- 46-4215298
Organization Overview
Lighthouse Guild International Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Lighthouse Guild International Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Lighthouse Guild International Inc generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $30.9m during the year ending 12/2019. While expenses have increased by 32.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL SERVICES THAT INSPIRE PEOPLE WHO ARE VISUALLY IMPAIRED TO ATTAIN THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHTHOUSE GUILD INTERNATIONAL, INC. IS COMMITTED TO PREVENTING AND ADDRESSING VISION LOSS SO THAT INDIVIDUALS WITH OR AT RISK FOR VISION LOSS CAN LIVE FULLY AND INDEPENDENTLY. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan R Morse President & CEO | OfficerTrustee | 44.5 | $1,229,577 |
Himanshu R Shah Chief Financial Officer | Officer | 32.43 | $306,625 |
Charles F Blum- Thru General Counsel | Officer | 24 | $220,564 |
Cathleen A Wirts Chief Strategy Officer | Officer | 32.22 | $219,833 |
Joel G Levi Chief Compliance Officer | Officer | 28.79 | $198,999 |
Robert Dulak Chief Information Officer | 23.39 | $169,660 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proskauer Rose Llp Legal | 12/30/19 | $238,741 |
Paul Weiss Rifkind Wharton Gar Legal | 12/30/19 | $182,870 |
Kpmg Llp Accounting | 12/30/19 | $544,856 |
Mckinsey Company Inc Consulting | 12/30/19 | $1,200,000 |
Gilbane Building Company Construction | 12/30/19 | $1,000,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $305,504 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,104,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,410,162 |
| Total Program Service Revenue | $0 |
| Investment income | $5,179,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,133 |
| Net Rental Income | $7,917 |
| Net Gain/Loss on Asset Sales | $24,231,219 |
| Net Income from Fundraising Events | -$155,559 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,690,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| Grants and other assistance to domestic individuals. | $2,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,935,050 |
| Compensation of current officers, directors, key employees. | $2,923,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,451,001 |
| Pension plan accruals and contributions | $2,989,703 |
| Other employee benefits | $1,099,323 |
| Payroll taxes | $664,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $255,919 |
| Fees for services: Accounting | $220,281 |
| Fees for services: Lobbying | $800 |
| Fees for services: Fundraising | $31,500 |
| Fees for services: Investment Management | $769,999 |
| Fees for services: Other | $1,167,027 |
| Advertising and promotion | $97,223 |
| Office expenses | $808,009 |
| Information technology | $592,179 |
| Royalties | $0 |
| Occupancy | $1,050,612 |
| Travel | $36,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,557 |
| Interest | $6,313,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,938,982 |
| Insurance | $1,344,614 |
| All other expenses | $132,441 |
| Total functional expenses | $30,914,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,199,928 |
| Savings and temporary cash investments | $2,825,254 |
| Pledges and grants receivable | $155,772 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,391 |
| Prepaid expenses and deferred charges | $1,212,457 |
| Net Land, buildings, and equipment | $120,484,787 |
| Investments—publicly traded securities | $198,567,027 |
| Investments—other securities | $113,026,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,087,203 |
| Total assets | $530,568,681 |
| Accounts payable and accrued expenses | $21,267,970 |
| Grants payable | $0 |
| Deferred revenue | $1,742,344 |
| 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 | $216,818,831 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $399,799,626 |
| Total liabilities | $639,628,771 |
| Net assets without donor restrictions | -$111,473,045 |
| Net assets with donor restrictions | $2,412,955 |
| 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 | $530,568,681 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lighthouse Guild International Inc has recieved totaling $618,895.
| Awarding Organization | Amount |
|---|---|
Lavelle Fund For The Blind Inc New York, NY PURPOSE: LGI REMOTE CARE NETWORK | $389,267 |
Lavelle Fund For The Blind Inc New York, NY PURPOSE: LGI REMOTE CARE NETWORK | $188,215 |
Solon E Summerfield Foundation Inc Bethesda, MD PURPOSE: ENDOWMENT/GENERAL OPERATING SUPPORT | $22,713 |
Jewish Communal Fund New York, NY PURPOSE: General support | $14,200 |
Curtis W Mcgraw Foundation New York, NY PURPOSE: UNRESTRICTED GENERAL | $2,500 |
Dr Maxwell L And Florence C Blumenreich Foundation Inc Manhasset, NY PURPOSE: GENERAL CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $369,220,221 | $75,742,201 |
United Way Of New York City New York, NY | $45,472,498 | $60,257,092 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $179,305,141 | $37,517,737 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $76,936,352 | $53,624,606 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $101,162,877 | $35,636,626 |
United Way Of Greater Rochester Inc Rochester, NY | $128,692,161 | $47,504,121 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Lighthouse Guild International Inc New York, NY | $530,568,681 | $31,690,151 |
Childrens Rescue Fund Bronx, NY | $17,910,045 | $28,654,924 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $111,500,937 | $42,384,667 |
Jewish Federation Of Southern New Jersey Cherry Hill, NJ | $13,870,102 | $22,674,553 |