Lantern Project
- Assets
- $395.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 47-1403943
Organization Overview
Lantern Project is located in Abilene, TX. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Project 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 12/2023, Lantern Project generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $85.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ABILENE: THE ABILENE PROGRAM WAS HELPING TO RAISE FUNDS AND WE ALSO PARTNERED WITH 4 OTHER LOCAL NON-PROFITS WITH SIMILAR VISIONS TO PROVIDE MUCH NEEDED FINANCIAL SUPPORT DUE TO THE IMPACTS THAT COVID HAS HAD ON THEIR FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Porter President | 2 | $0 | |
Ronald Johnson Vice President | 2 | $0 | |
Cody Forsberg Treasurer | 2 | $0 | |
Pam Langley Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,049 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,049 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,361 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,305 |
| Total expenses | $85,241 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $394,993 |
| Other assets | $0 |
| Total assets | $395,414 |
| Total liabilities | $0 |
| Net assets or fund balances | $395,414 |
Grants Awarded
Over the last fiscal year, Lantern Project has awarded $142,950 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SAFE FAMILIES FOR CHILDREN PURPOSE: GRANT TO SUPPORT LOCAL FAMILY SERVICES. | $65,100 |
CHRISTIAN HOMES & FAMILY SERVICES PURPOSE: TO PROVIDE FUNDING TO HELP SUPPORT FOR FAMILY SERVICES. | $33,100 |
NOAH PROJECT PURPOSE: GRANT TO SUPPORT LOCAL WOMEN IN NEED. | $32,250 |
GLOBAL SAMARITAN RESOURCES PURPOSE: GRANT TO SUPPORT LOGISTICS AND SHIPPING COSTS FOR FOREIGN MISSIONS RELIEF. | $12,500 |