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New York BBB Wise Giving Report for
Lighthouse International

A BBB Accredited charity

 



Expiration Date:
02/2015
Name:
Lighthouse International
Address:
111 East 59th Street
New York, NY 10022
Phone:
212-821-9200
Year, State Incorporated:
1903, New York
Affiliates:
None
Stated Purpose:
" Lighthouse International is dedicated to fighting vision loss through prevention, treatment and empowerment. "





Evaluation Conclusions
 

              
Lighthouse International meets the 20 Standards for Charity Accountability.




Programs
 

              
For more than 100 years, Lighthouse International has been a leader in meeting the evolving needs of people who are dealing with, or are at risk for, vision loss and blindness. Through services, education, research, and advocacy, the Lighthouse enables people with low vision and blindness to enjoy safe, independent and productive lives.



Governance
 

              
Chief Executive Officer:
Mark G. Ackermann, President and CEO
Compensation*:
$467,491
Chair of the Board:
Joseph Ripp
Board Size:
24
Paid Staff Size:
159



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), grant proposals, internet, and planned giving arrangements
Fund raising costs were 23.3% of related contributions. (Related contributions, which totaled $15,657,927, are donations received as a result of fund raising activities.)
This Organization incurred joint costs of $2,345,382. Of those costs $1,172,691 was allocated to program expenses, $322,475 was allocated to fund raising expenses, and $850,216 was allocated to fund administrative expenses.




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Lighthouse International's Audited Financial Statements for the fiscal year ended December 31, 2011.

Source of Funds  

Government grants

$5,965,746

Legacies

4,797,068

Contributions

3,253,473

Direct client service income

1,636,512

Special events

1,465,827

Sales of consumer and professional products

495,130

Rental and conference income

420,998

Other income

408,608

Distributions from perpetual trusts

326,786

Special leadership gifts

175,813

Change in split-interest agreements and beneficial interests in perpetual trusts

(482,063)

Investment gain/loss

(542,673)

Total Income

$17,921,225

Program Expenses  

Salaries

$10,672,083

Employee benefits

2,925,836

Professional services

1,766,610

Interest expense

1,307,551

Occupancy

1,064,765

Depreciation and amortization

1,010,890

Cost of goods sold

578,482

Miscellaneous

467,313

Postage and printing

374,956

Supplies and equipment

247,027

Travel and entertainment

109,767
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

20,525,280
3,653,008
2,459,302

$26,637,590

$(8,716,365)




Uses of Funds as a % of Total Expenses


Programs: 77%  Fund Raising: 14%  Administrative 9% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $38,720,355
Ending net assets 23,339,081
Total liabilities 67,132,618

Total assets

$90,471,699






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.