Lantern Lane Farm Inc
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Gladeville, TN
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 26-3764801
Organization Overview
Lantern Lane Farm Inc is located in Gladeville, TN. The organization was established in 2010. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Lantern Lane Farm Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Lane Farm 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, Lantern Lane Farm Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 24.7% 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
TO PROVIDE REST AND RESTORATION TO THOSE WHO NEED SPIRITUAL, EMOTIONAL, AND PHYSICAL HEALING THROUGH TRADITIONAL AND EQUINE-ASSISTED COUNSELING SERVICES IN A PEACEFUL COUNTRYSIDE SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE REST AND RESTORATION TO THOSE WHO NEED SPIRITUAL, EMOTIONAL, AND PHYSICAL HEALING THROUGH TRADITIONAL AND EQUINE-ASSISTED COUNSELING SERVICES IN A PEACEFUL, COUNTRYSIDE SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Cook Founder/ceo | Trustee | 40 | $124,800 |
Jeff Gregg Executive Di | Trustee | 45 | $53,157 |
Holly Griffith Dir Of Engag | Officer | 20 | $22,590 |
Bill Manley Director | OfficerTrustee | 2 | $0 |
Janice Durnberger Director | OfficerTrustee | 2 | $0 |
Derek Hazelet Director | OfficerTrustee | 4 | $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 | $207,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,789 |
| Total Program Service Revenue | $1,250,064 |
| Investment income | $0 |
| 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 | $1,457,853 |
| 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. | $177,415 |
| Compensation of current officers, directors, key employees. | $44,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $858,340 |
| Advertising and promotion | $6,460 |
| Office expenses | $36,724 |
| Information technology | $6,596 |
| Royalties | $0 |
| Occupancy | $26,692 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,396 |
| Interest | $29,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,523 |
| Insurance | $14,716 |
| All other expenses | $0 |
| Total functional expenses | $1,337,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,897 |
| 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 | $800 |
| Net Land, buildings, and equipment | $930,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,148 |
| Accounts payable and accrued expenses | $15,962 |
| 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 | $109,021 |
| Secured mortgages and notes payable | $587,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $712,373 |
| Net assets without donor restrictions | $307,572 |
| Net assets with donor restrictions | $153,203 |
| 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 | $1,173,148 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lantern Lane Farm Inc has recieved totaling $25,386.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO PROVIDE COUNSELING FOR SEVERE STORM AND FLOOD SURVIVORS. | $25,000 |
Scott Foundation Inc Monroe, LA PURPOSE: CHARITABLE | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Business Solutions Inc Macon, GA | $8,126,960 | $20,420,375 |
Tragedy Assistance Program For Survivors Arlington, VA | $8,714,309 | $14,560,119 |
Acumen Counseling Services Inc Owensboro, KY | $1,207,799 | $10,883,382 |
West Tennessee Family Solutions Inc Memphis, TN | $8,617,954 | $9,067,202 |
Bootheel Counseling Services Sikeston, MO | $6,762,421 | $9,612,396 |
Specialized Alternatives For Families And Youth Of Alabama Inc Montgomery, AL | $500,764 | $4,809,540 |
Logos Inc St Louis, MO | $7,626,334 | $4,766,788 |
Hamilton Childrens Institute Inc Dalton, GA | $1,033,474 | $4,156,317 |
A Haven Stone Mountain, GA | $9,172,741 | $3,908,641 |
Care And Counseling Inc Saint Louis, MO | $1,126,022 | $2,799,740 |
Pats Place Child Advocacy Center Inc Charlotte, NC | $2,693,769 | $2,920,836 |
Rachel House Pregnancy Resource Centers Inc Lees Summit, MO | $2,044,144 | $2,805,390 |