Chesapeake Lighthouse Foundation Inc
79% goes to programs $0 to raise $100 Strong reserves Growing revenue
Chesapeake Lighthouse Foundation Inc is a 501(c)(3) organization based in Laurel, Maryland, registered in 2005, with $65,275,806 in FY2024 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
6151 Chevy Chase Dr, Laurel, MD, 20707 EIN 83-0356333 Since 2005
Revenue (FY2024)
$65.3M
▼ 3.4% vs prior year
Education median: $200K
Expenses (FY2024)
$61.7M
Net assets
$32.0M
Employees
172
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating79% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Chesapeake Lighthouse Foundation Inc: 79% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Chesapeake Lighthouse Foundation Inc: 6 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Chesapeake Lighthouse Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Chesapeake Lighthouse Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide a rigorous and quality education for kindergarten through 12th grade students with a special focus on math, science and technology.
Contact & location
- Address
- 6151 Chevy Chase Dr, Laurel, MD, 20707
- City
- Laurel
- State
- Maryland
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $10.4M (FY2013) to $65.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $99.5MNet assets $32.0M
Operating margin
5.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$131.6M
Total liabilities
$99.5M
Net assets
$32.0M
Salaries & benefits
$39.7M
64% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,275,806▼3.4% | $61,683,008▲5.2% | $32,026,170▲10.4% | $131,565,365▲6.7% | 990 |
| 2023 | $67,569,282▲15.4% | $58,613,030▲19.5% | $28,996,532▲6.8% | $123,251,178▲17.4% | 990 |
| 2022 | $58,554,386▲20.9% | $49,066,135▲14.2% | $27,138,136▲53.8% | $104,993,642▲7.3% | 990 |
| 2021 | $48,417,489▲16.8% | $42,975,584▲16.4% | $17,649,885▲44.6% | $97,823,093▲2.7% | 990 |
| 2020 | $41,440,883▲0.9% | $36,918,339▲2.2% | $12,207,980▲58.8% | $95,248,368▲20.3% | 990 |
| 2019 | $41,089,783▲5.8% | $36,115,922▲0.4% | $7,685,436▲183% | $79,192,054▲6.2% | 990 |
| 2018 | $38,850,420▲35.4% | $35,988,423▲28.3% | $2,711,575▲1903% | $74,533,987▲4.3% | 990 |
| 2017 | $28,684,006▲17.1% | $28,056,616▲10.1% | -$150,422▲80.7% | $71,428,713▲18.3% | 990 |
| 2016 | $24,497,798▲17.0% | $25,484,984▲7.1% | -$777,812▼471% | $60,360,578▲50.6% | 990 |
| 2015 | $20,935,845▲8.5% | $23,797,321▲30.2% | $209,374▼93.2% | $40,093,175▲24.6% | 990 |
| 2014 | $19,303,709▲85.7% | $18,280,285▲67.8% | $3,070,850▲50.0% | $32,176,131▲198% | 990 |
| 2013 | $10,394,372 | $10,894,418▲213% | $2,047,426▲287% | $10,785,137▲1237% | 990 |
| 2010 | — | $3,482,562▲32.4% | $528,441▲350% | $806,820▲21.4% | 990 |
| 2009 | — | $2,629,360 | $117,344 | $664,462 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Zayn Ak — $202,682 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Zayn Ak | Ceo | 40 | $202,682 |
| Beverly Donovan Education | Strategy & Communications | 40 | $152,932 |
| Erkan Derin | Director of Operations | 40 | $151,558 |
| Tekin Tuncer | Director of Accountability | 40 | $149,927 |
| Vedat Dogan | Cfo | 40 | $147,311 |
| Aydogan Karabulut | Director of It | 40 | $143,995 |
| Ashish Vadalia | Stem and Outreach Manager | 40 | $120,357 |
| Tayyar Mollaalioglu | It Infrastructure Manager | 40 | $116,916 |
| Cathyann Andrews | Director | 5 | — |
| Chris Mcgrady | Csp Board Member | 2 | — |
| Claudia Chang | Director | 5 | — |
| David Kravats | Csp Board Member | 2 | — |
| Dr Musa Subasi | Board President | 5 | — |
| Dr Mustafa Sefik | Treasurer | 5 | — |
| Ferhat Avsar | Director | 5 | — |
| Francis Hawkins | Secretary Until Aug. 2024 | 5 | — |
| Ibrahim Inci | Director As of June 2025 | 5 | — |
| Jacquliune Foster | Director As of June 2025 | 2 | — |
| Lutfi On | Director | 5 | — |
| Marcus Parker | Director Until Oct. 2024 | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Abm Cleaning Services | Cleaning Services | $1,147,309 |
| Lonergans Charter Service Inc | Bus Transportation | $613,965 |
| R&g Maintenance | Building Repairs | $320,797 |
| Mechanical Engineering and Construction | Hvac Repairs & Maintenance | $318,686 |
| Mar Pediatric Therapy LLC | Therapy Services | $114,745 |
Grants received · $6,800 total
1 grant to Chesapeake Lighthouse Foundation Inc totaling $6,800, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $6,800 |
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Compare Chesapeake Lighthouse Foundation Inc
Frequently asked questions
- Is Chesapeake Lighthouse Foundation Inc a legitimate nonprofit?
- Yes. Chesapeake Lighthouse Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-0356333, based in Laurel, Maryland. Donations are tax-deductible.
- What is Chesapeake Lighthouse Foundation Inc's EIN?
- Chesapeake Lighthouse Foundation Inc's Employer Identification Number (EIN) is 83-0356333.
- How much revenue does Chesapeake Lighthouse Foundation Inc report?
- Chesapeake Lighthouse Foundation Inc reported $65,275,806 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Chesapeake Lighthouse Foundation Inc's spending goes to programs?
- Chesapeake Lighthouse Foundation Inc spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Chesapeake Lighthouse Foundation Inc have?
- CharityIndex grades Chesapeake Lighthouse Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Chesapeake Lighthouse Foundation Inc's highest-paid employee make?
- The highest reported compensation on Chesapeake Lighthouse Foundation Inc's latest Form 990 is $202,682, paid to Zayn Ak (Ceo).
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Data for Chesapeake Lighthouse Foundation Inc (EIN 83-0356333) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.