Lighthouse Personalized Education For Teens
- Assets
- $701.8k
- Revenue
- $981.8k
- Investments
- $314.3k
- Employees
- 24
- Location
- Holyoke, MA
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 47-2357416
Organization Overview
Lighthouse Personalized Education For Teens is located in Holyoke, MA. The organization was established in 2015. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Lighthouse Personalized Education For Teens employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Personalized Education For Teens 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 06/2022, Lighthouse Personalized Education For Teens generated $981.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $692.8k during the year ending 06/2022. While expenses have increased by 20.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT YOUNG PEOPLE IN DISCOVERING AND CREATING THEIR BEST POSSIBLE SELVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHTHOUSE PERSONALIZED EDUCATION FOR TEENS IS A NON-PROFIT ORGANIZATION THAT PROVIDES EDUCATION FOR TEENS AGES 13-18 IN A PERSONALIZED, STUDENT- CENTERED ENVIRONMENT. THE PRIMARY GOAL OF LIGHTHOUSE IS TO FOSTER A SPACE WHERE YOUNG PEOPLE CAN BE AUTHENTIC, CREATIVE, SAFE, AND INSPIRED, WHILE BUILDING TRUSTING RELATIONSHIPS TO SUPPORT THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Gobron Executive Di | Trustee | 40 | $87,287 |
Kim Saal President | OfficerTrustee | 2 | $0 |
Jacqui Defelice Vice Preside | OfficerTrustee | 2 | $0 |
Adam Baker Treasurer | OfficerTrustee | 2 | $0 |
Laurie Herrick Director | Trustee | 2 | $0 |
Insiyah Mohammad Bergeron Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,486 |
| Total Program Service Revenue | $528,865 |
| Investment income | $6,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,000 |
| Net Gain/Loss on Asset Sales | $5,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $981,775 |
| 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. | $87,287 |
| Compensation of current officers, directors, key employees. | $20,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,804 |
| Payroll taxes | $40,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,458 |
| Advertising and promotion | $1,381 |
| Office expenses | $12,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,855 |
| Travel | $363 |
| 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 | $7,310 |
| Insurance | $6,299 |
| All other expenses | $7,850 |
| Total functional expenses | $692,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,214 |
| Savings and temporary cash investments | $173,269 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $93,458 |
| Investments—publicly traded securities | $5,059 |
| Investments—other securities | $314,338 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $701,838 |
| 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 | $701,838 |
| 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 | $701,838 |