Chatham Rock Island Inc
- Assets
- $743.9k
- Revenue
- $313.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- Data as of
- 12/2023
- EIN
- 92-1044248
Organization Overview
Chatham Rock Island Inc, operating under the name Stamford Harbor Lighthouse Project, is located in Stamford, CT. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Harbor Lighthouse Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO RAISE MONEY FOR THE RESTORATION OF THE STAMFORD HARBOR LIGHTHOUSE. THE LIGHTHOUSE IS ON THE NATIONAL REGISTER OF HISTORIC PLACES. IT HAS BEEN PRIVATELY OWNED FOR MANY YEARS. IT IS IN POOR CONDITION AND IS IN URGENT NEED OF REPAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, CHATHAM ROCK WAS ESTABLISHED TO PURCHASE THE STAMFORD LIGHTHOUSE FROM A PRIVATE OWNER WHO DID NOT MAINTAIN IT. IN 2024, CHATHAM ROCK IS RAISING DONATIONS TOWARDS A GOAL OF 2 MILLION TO STABILIZE THE STRUCTURE, SCRAPE AND PAINT IT, FIX THE WINDOWS, REPLACE THE STAIRWAY (COMPLETED), RE- ESTABLISH A DOCK, IMPROVE THE NAVIGATIONAL LIGHT(S) AND REBUILD THE BREAKWATER. THESE TASKS SHOULD TAKE SEVERAL YEARS. IN SUBSEQUENT YEARS, CHATHAM ROCK INTENDS TO COLLABORATE WITH SOUND WATERS ON EDUCATIONAL ACTIVITIES FOR ITS CLIENTS, ESTABLISH AN OYSTER BED AND KELP FARM AND PROVIDE WEATHER AND OTHER SCIENTIFIC DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Cavanagh Director | Trustee | 5 | $0 |
Guy Fortt Director | Trustee | 1 | $0 |
David Gurney Director | Trustee | 5 | $0 |
Damian Ortelli Director | Trustee | 1 | $0 |
Paul Pugliesi Director | Trustee | 1 | $0 |
Nick Vaccaro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,532 |
| Noncash contributions included in lines 1a–1f | $6,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,532 |
| Total Program Service Revenue | $0 |
| Investment income | $2,424 |
| 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 | $312,956 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,160 |
| 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 | $2,879 |
| Advertising and promotion | $0 |
| Office expenses | $32 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4,879 |
| Insurance | $4,953 |
| All other expenses | $1,144 |
| Total functional expenses | $19,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,348 |
| Savings and temporary cash investments | $0 |
| 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 | $502,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,909 |
| 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 | $300,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $450,000 |
| Net assets without donor restrictions | $293,909 |
| 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 | $743,909 |