LIGHTHOUSE ACADEMIES INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
LIGHTHOUSE ACADEMIES INC (EIN 20-0332375)
Tax period
2010-07-01 to 2011-06-30
Filed
2012-05-24
IRS object ID
201211459349300111
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-05-24T12:15:30-05:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KAHN LITWIN RENZA & CO LTDBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1800 SOUTH STREET SUITE 300AddressLine1
CityWALTHAMCity
StateMAState
ZIP Code02453ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN200332375EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LIGHTHOUSE ACADEMIES INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLIGHNameControl
Phone5086260901Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11661 WORCESTER ROAD NO 207AddressLine1
CityFRAMINGHAMCity
StateMAState
ZIP Code01701ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNATALIE WEISSName
TitleCHAIRPERSONTitle
Phone5086260901Phone
Date Signed2012-05-24DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMEYER H LEVYName
Phone7815478800Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonNATALIE WEISSNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11661 WORCESTER ROAD NO 207AddressLine1
CityFRAMINGHAMCity
StateMAState
ZIP Code01701ZIPCode
FieldValueIRS element (for citing)
Gross Receipts6335893GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.LIGHTHOUSE-ACADEMIES.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2003YearFormation
State Legal DomicileDEStateLegalDomicile
Activity Or Mission DescriptionNATIONAL NON-PROFIT CHARTER SCHOOL MANAGEMENT ORGANIZATION OPERATING IN URBAN AREAS THAT HAVE BEEN HISTORICALLY UNDERSERVED.ActivityOrMissionDescription
Nbr Voting Members Governing Body8NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees605TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year337800ContributionsGrantsCurrentYear
Program Service Revenue Prior Year5150965ProgramServiceRevenuePriorYear
Program Service Revenue CY5814234ProgramServiceRevenueCY
Investment Income Prior Year90597InvestmentIncomePriorYear
Investment Income Current Year111211InvestmentIncomeCurrentYear
Other Revenue Prior Year152938OtherRevenuePriorYear
Other Revenue Current Year72648OtherRevenueCurrentYear
Total Revenue Prior Year5394500TotalRevenuePriorYear
Total Revenue Current Year6335893TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY50391GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year2657758SalariesEtcPriorYear
Salaries Etc Current Year3348320SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2413102OtherExpensePriorYear
Other Expenses Current Year2656903OtherExpensesCurrentYear
Total Expenses Prior Year5070860TotalExpensesPriorYear
Total Expenses Current Year6055614TotalExpensesCurrentYear
Revenues Less Expenses Prior Year323640RevenuesLessExpensesPriorYear
Revenues Less Expenses CY280279RevenuesLessExpensesCY
Total Assets BOY25517142TotalAssetsBOY
Total Assets EOY26095746TotalAssetsEOY
Total Liabilities BOY20490615TotalLiabilitiesBOY
Total Liabilities EOY20662216TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY5026527NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY5433530NetAssetsOrFundBalancesEOY
Mission DescriptionNATIONAL NON-PROFIT CHARTER SCHOOL MANAGEMENT ORGANIZATION OPERATING IN URBAN AREAS THAT HAVE BEEN HISTORICALLY UNDERSERVED.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense5446006Expense
Revenue5886882Revenue
DescriptionASSISTANCE IN THE CREATION, IMPLEMENTATION, MAINTENANCE AND ON-GOING MANAGEMENT OF PUBLIC CHARTER SCHOOLSDescription
Total Program Service Expense5446006TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets1ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity1DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109624NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees605NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members8NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledINStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1ROBERT STEARNSBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5086260901TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11661 WORCESTER RD STE 207AddressLine1
CityFRAMINGHAMCity
StateMAState
ZIP Code01701ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
SCOTT HAMILTON
CHAIRMAN1.00XX000
NATALIE WEISS
TREASURER, CHAIR (AS OF 7/1/11)1.00XX000
KEN BLACKLOW
SECRETARY1.00XX000
LINDA HARGAN
DIRECTOR1.00X000
ELIZABETH HOLLAND
DIRECTOR1.00X000
NICOLE BAKER FULGHAM
DIRECTOR1.00X000
DAVID HOFFMAN
DIRECTOR, TRASURER AS OF 7/1/111.00X000
MICHAEL RONAN
CEO & DIRECTOR60.00XX190506023243
ROBERT STEARNS
VP OF FINANCE50.00124593020607X
JOEL SCHARFER
PRES. CFM50.00131370013872X
KIMBERLEE SIA
VP50.00125280020239X
PEGGYANNE ECCLESINE
CAO50.00122265010656X
FieldValueIRS element (for citing)
Total Reportable Comp From Org569421TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation68010TotalOtherCompensation
Number Individuals GT100 K5NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
EAST HARDING CONSTRUCTION CO
2230 COTTONDALE LN 3LITTLE ROCKAR72202CONSTRUCTION SERV.152023
DEPAUL UNIVERSITY
1 EAST JACKSON BLVDCHICAGOIL60604CONFERENCE SITE115048
FieldValueIRS element (for citing)
Number Of Contractors GT100 K2NumberOfContractorsGT100K
Government Grants7800GovernmentGrants
All Other Contributions330000AllOtherContributions
Total Contributions337800TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SERVICE FEES61160032032783203278
RENTAL PROGRAM SERVICE61160021225952122595
FACILITY AND MAINTENAN611600488361488361
FieldValueIRS element (for citing)
Total Program Service Revenue5814234TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column111211TotalRevenueColumn
Exclusion$111,211ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUS INCOMEDescription
Business Code611600BusinessCode
Total Revenue Column72648TotalRevenueColumn
Related Or Exempt Function Income72648RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue72648TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6335893TotalRevenueColumn
Related Or Exempt Function Income5886882RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$111,211ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total50391Total
Program Services50391ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total357188Total
Program Services337423ProgramServices
Management And General19765ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total2481864Total
Program Services2320161ProgramServices
Management And General161703ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total298932Total
Program Services279657ProgramServices
Management And General19275ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total210336Total
Program Services196082ProgramServices
Management And General14254ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total86668Total
Management And General86668ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total36483Total
Management And General36483ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total34100Total
Management And General34100ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total298688Total
Program Services210305ProgramServices
Management And General88383ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total12984Total
Program Services12121ProgramServices
Management And General863ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total109875Total
Program Services78945ProgramServices
Management And General30930ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total32922Total
Program Services30584ProgramServices
Management And General2338ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total207772Total
Program Services201292ProgramServices
Management And General6480ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total82570Total
Program Services77608ProgramServices
Management And General4962ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total7160Total
Program Services7160ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total868033Total
Program Services776502ProgramServices
Management And General91531ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total636248Total
Program Services636248ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total91657Total
Program Services89446ProgramServices
Management And General2211ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
SCHOOL AND STAFF DEVELO9671396713
PAYROLL PROCESSING FEES35155254939662
DUES AND SUBSCRIPTIONS1125011250
MISCELLANEOUS86258625

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total6055614Total
Program Services5446006ProgramServices
Management And General609608ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY974393BOY
EOY975366EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY1896456BOY
EOY2196912EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1093552BOY
EOY1245382EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY103923BOY
EOY70181EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis20720521LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1771576LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY18359352BOY
EOY18948945EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY3089466BOY
EOY2658960EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY25517142BOY
EOY26095746EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY592284BOY
EOY676623EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY4140762BOY
EOY5008544EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY15757569BOY
EOY14977049EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY20490615BOY
EOY20662216EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1769784BOY
EOY1977568EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY3256743BOY
EOY3455962EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY5026527BOY
EOY5433530EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY25517142BOY
EOY26095746EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses280279ReconcilationRevenueExpenses
Reconcilation Other Changes126724ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1490000CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years281000CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1944450CurrentTaxYearMinus2Years
Current Tax Year337800CurrentTaxYear
Total4053250Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2188589CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3824403CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years5071471CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5150965CurrentTaxYearMinus1Year
Current Tax Year5814234CurrentTaxYear
Total22049662Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years3678589CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4105403CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years7015921CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5150965CurrentTaxYearMinus1Year
Current Tax Year6152034CurrentTaxYear
Total26102912Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1830918CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3391053CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1832175CurrentTaxYearMinus2Years
Current Tax Year173282CurrentTaxYear
Total7227428Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1830918CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3391053CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1832175CurrentTaxYearMinus2Years
Current Tax Year173282CurrentTaxYear
Total7227428Total
FieldValueIRS element (for citing)
Public Support Total50918875484PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years166650CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years147526CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years80258CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year90597CurrentTaxYearMinus1Year
Current Tax Year111211CurrentTaxYear
Total596242Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years166650CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years147526CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years80258CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year90597CurrentTaxYearMinus1Year
Current Tax Year111211CurrentTaxYear
Total596242Total

Other Income509 OtherIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years8040CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years80592CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years105670CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year152938CurrentTaxYearMinus1Year
Current Tax Year72648CurrentTaxYear
Total419888Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years3853279CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4333521CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years7201849CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year5394500CurrentTaxYearMinus1Year
Current Tax Year6335893CurrentTaxYear
Total27119042Total
FieldValueIRS element (for citing)
Public Support Percentage5090.69600PublicSupportPercentage509
Prior Year Support Percentage0.65880PriorYearSupportPercentage
Investment Income Percentage0.02200InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.02350PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis1000000OtherCostOrOtherBasis
Book Value1000000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis18464120OtherCostOrOtherBasis
Depreciation1283006Depreciation
Book Value17181114BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis550000OtherCostOrOtherBasis
Depreciation28526Depreciation
Book Value521474BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis706401OtherCostOrOtherBasis
Depreciation460044Depreciation
Book Value246357BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings18948945TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescriptionBook ValueBookValue
DUE FROM CHARTER SCHOOLS236203
REVOLVING LOAN RECEIVABLES1948101
FINANCING FEES474656
FieldValueIRS element (for citing)
Total Book Value Other Assets2658960TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescriptionAmountAmount
CAPITAL LEASE OBLIGATION$108,534
BONDS PAYABLE$14,355,000
FAIR VALUE OF INTEREST RATE SWAPS$186,668
DUE TO SCHOOLS$152,847
DEPOSITS$174,000
FieldValueIRS element (for citing)
Total Of Amounts14977049TotalOfAmounts
Total Revenue6335893TotalRevenue
Total Expenses6055614TotalExpenses
Excess Or Deficit For Year280279ExcessOrDeficitForYear
Other$126,724OtherAmount
Total Adjustments126724TotalAdjustments
Excess Or Deficit Per FS407003ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt6335893TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal6335893RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9906335893TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt6055614TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal6055614ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9906055614TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X:THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MANAGEMENT OF THE ORGANIZATION BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS ON BOTH THE STATE AND FEDERAL LEVELS. THE ORGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES AND THE FEDERAL INCOME TAX RETURNS FOR 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS.
PART XI, LINE 8 - OTHER ADJUSTMENTS:CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 179,769. WRITE-OFF OF ACCOUNTS AND NOTES RECEIVABLE -53,045.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1COLLEGE READY NOWBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line126 BROOKDALE AVEAddressLine1
CityWELLESLEYCity
StateMAState
ZIP Code02482ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient271440866EINOfRecipient
IRC Section501(C)(3)IRCSection
Amount Of Cash Grant50391AmountOfCashGrant
Purpose Of GrantOPERATIONAL SUPPORT FOR SCHOLARSHIP SERVICES.PurposeOfGrant

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonMICHAEL RONANNamePerson
Base Compensation Filing Org190000BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org506BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org7620DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org15623NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org213749TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. A REVIEW IS CONDUCTED AT A BOARD OF TRUSTEES MEETING PRIOR TO FILING WITH THE IRS.
THE ORGANIZATION REQUIRES THE BOARD OF DIRECTORS TO COMPLETE ON AN ANNUAL BASIS THE CONFLICT OF INTEREST FORM. THE POLICY CALLS FOR FULL DISCLOSURE WITHIN 48 HOURS IN THE EVENT OF A CONFLICT OF INTEREST AND AN EVALUATION IS DONE BY THE PRESIDENT. NO ACTION IS DONE WITHOUT A VOTE BY THE FULL BOARD WHICH COULD INCLUDE RESIGNATION OR REMOVAL FROM THE BOARD.FORM 990, PART VI, SECTION B, LINE 12C
ANNUALLY A COMPENSATION COMMITTEE COMPOSED OF BOARD MEMBERS CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE CEO. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS ESTABLISHED BY THE CEO AND IS AVAILABLE FOR REVIEW BY THE BOARD.FORM 990, PART VI, SECTION B, LINE 15
THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE AT THE SECRETARY OF STATES OFFICE. THE ANNUAL FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL FILING WITH THE STATE ATTORNEY GENERAL AND ARE AVAILABLE FOR PUBLIC INSPECTION AT THAT OFFICE. THE ORGANIZATION DOES NOT MAKE ITS BY-LAWS AVAILABLE TO THE PUBLIC AS IT DOES NOT BELIEVE THAT A PUBLIC PURPOSE WOULD BE SERVED BY DOING SO.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 179,769. WRITE-OFF OF ACCOUNTS AND NOTES RECEIVABLE -53,045. TOTAL TO FORM 990, PART XI, LINE 5: 126,724.FORM 990, PART XI, LINE 5:

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (7 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
CHARTER FACILITIES MANAGEMENT LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMMA01701208038615PROVIDES FACILITY MAINTENANCE AND OTHER SERVICES TO THE SCHOOLSDE625887479216LIGHTHOUSE ACADEMIES INC
LIGHTHOUSE ACADEMIES OF INDIANA LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMMA01701200951240HOLDS LEASES AND PROPERTY FOR CHARTER SCHOOLSDE00LIGHTHOUSE ACADEMIES INC
EAST CHICAGO LIGHTHOUSE FACILITY LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMMA01701450591887TO HOLD PROPERTY RELATED TO A CHARTER SCHOOLDE2425131479392CHARTER FACILITIES MANAGEMENT LLC
CLEVELAND LIGHTHOUSE WEST LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMMA01701260161334ENGAGE IN BUSINESS OF REAL ESTATE LEASING AND MANAGEMENTDE00CHARTER FACILITIES MANAGEMENT LLC
MONUMENT LIGHTHOUSE FACILITY LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMMA01701260161383TO HOLD PROPERTY RELATED TO A CHARTER SCHOOLDE5514076184187CHARTER FACILITIES MANAGEMENT LLC
WEST GARY LIGHTHOUSE CHARTER SCHOOL FACILITY LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMMA01701260161419TO HOLD PROPERTY RELATED TO A CHARTER SCHOOLDE7010147932149CHARTER FACILITIES MANAGEMENT LLC
GARY LIGHTHOUSE CHARTER SCHOOL FACILITY LLC
1661 WORCESTER ROAD SUITE 207FRAMINGHAMME01701412273813FURTHER THE CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSE OF LHADE4913234751192CHARTER FACILITIES MANAGEMENT LLC

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