Lost Light Projects Inc
- Assets
- $2.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Brooklyn, NY
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 56-2451141
Organization Overview
Lost Light Projects Inc is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (V99) the organization is classified as: Social Science N.E.C., under the broad grouping of Social Science and related organizations. As of 12/2021, Lost Light Projects Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Light Projects 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, Lost Light Projects Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 8.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSIDE CLIMATE NEWS IS COMMITTED TO ESTABLISHING A PERMANENT NATIONAL REPORTING NETWORK, TO TRAINING THE NEXT GENERATION OF JOURNALISTS, AND TO STRENGTHENING THE PRACTICE OF ENVIRONMENTAL JOURNALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sassoon President & Secretary | OfficerTrustee | 40 | $167,481 |
Vernon Loeb Senior Editor | 40 | $125,561 | |
Megan Boyle Director Of Development And Marketing | 40 | $111,878 | |
Erica Goode Managing Editor | 40 | $103,417 | |
Keith Mcallister Chair | OfficerTrustee | 1 | $0 |
Judith Albert Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $710,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,719,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,430,211 |
| Total Program Service Revenue | $18,681 |
| Investment income | $2,793 |
| 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 | $3,451,685 |
| 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. | $180,749 |
| Compensation of current officers, directors, key employees. | $10,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,517,778 |
| Pension plan accruals and contributions | $50,806 |
| Other employee benefits | $111,181 |
| Payroll taxes | $132,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,591 |
| Advertising and promotion | $6,264 |
| Office expenses | $17,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,908 |
| Travel | $47,623 |
| 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 | $11,808 |
| Insurance | $9,833 |
| All other expenses | $0 |
| Total functional expenses | $2,364,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,853 |
| Savings and temporary cash investments | $1,001,973 |
| Pledges and grants receivable | $1,087,241 |
| 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 | $27,703 |
| Net Land, buildings, and equipment | $25,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,601,521 |
| Accounts payable and accrued expenses | $34,228 |
| 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 | $34,228 |
| Net assets without donor restrictions | $1,492,293 |
| Net assets with donor restrictions | $1,075,000 |
| 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 | $2,601,521 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Lost Light Projects Inc has recieved totaling $870,320.
| Awarding Organization | Amount |
|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA PURPOSE: ENVIRONMENTAL MEDIA | $300,000 |
Rockefeller Brothers Fund Inc New York, NY PURPOSE: FOR GENERAL SUPPORT | $200,000 |
Park Foundation Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Rockefeller Brothers Fund Inc New York, NY PURPOSE: FOR ITS JUSTICE REPORTING INITIATIVE | $100,000 |
Park Foundation Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $45,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lost Light Projects Inc Brooklyn, NY | $2,601,521 | $3,451,685 |
Mystic River Homes Inc North Haven, CT | $5,667,452 | $1,926,441 |
American Arbitration Association- International Centre For Dispute New York, NY | $9,077,103 | $3,062,163 |
Aapi Of Queens And Long Island Inc Garden City, NY | $1,041,220 | $689,922 |
Institute For Patent Studies Inc Middletown, NY | $1,727,953 | $114,740 |
Picatinny Technology Innovation Center Randolph, NJ | $0 | $8,960 |
Cambridge Center For Behavioral Studies Inc Littleton, MA | $464,025 | $302,707 |
Critica Inc Riverdale, NY | $35,477 | $0 |
Zoryan Institute For Contemp Armen Research & Documen Inc Arlington, MA | $86,200 | $326,300 |
Participatory Politics Foundation Brooklyn, NY | $12,181 | $134,423 |
Anti-Poverty Network Of New Jersey Bordentown, NJ | $943 | $0 |
Trac Reports Inc Syracuse, NY | $775,157 | $381,573 |