Lantern Foundation
- Assets
- $185.3k
- Revenue
- $419.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Asheboro, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-0713747
Organization Overview
Lantern Foundation is located in Asheboro, NC. According to its NTEE Classification (X01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Foundation 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 Foundation generated $419.0k in total revenue. All expenses for the organization totaled $256.3k during the year ending 12/2021. While expenses have increased by 76.7% per year over the past 2 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 ADVOCATE FOR, RESCUE AND PREVENT THE ABUSE OF VICTIMS OF HUMAN TRAFFICKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELECTED AND TRAINED TASK FORCE MEMBERS THAT RESCUED VICTIMS OF HUMAN TRAFFICKING IN VARIOUS AREAS SUCH AS CENTRAL AMERICA, WEST AFRICA, AND THE ASIAN PACIFIC.
RAN A NATIONAL AWARENESS CAMPAIGN TO EDUCATE THE PUBLIC ABOUT THE PLIGHT OF VICTIMS OF HUMAN TRAFFICKING
PROVIDED HUMANITARIAN AID IN THE COUNTRIES WHERE OPERATIONS TOOK PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korrin Moon Officer | Officer | 10 | $0 |
Robert Boyd Officer | Officer | 0 | $0 |
Samuel Hicks President | Trustee | 40 | $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 | $419,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,034 |
| Total Program Service Revenue | $0 |
| 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 | $419,034 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,938 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,398 |
| Total functional expenses | $256,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,303 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $185,303 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $185,303 |
| Total liabilities and net assets/fund balances | $185,303 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lantern Foundation has recieved totaling $389,083.
| Awarding Organization | Amount |
|---|---|
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $300,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $89,034 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Religious Community Services Of New Bern Inc New Bern, NC | $2,350,100 | $1,739,114 |
Met By Love Ministries Inc Pisgah Forest, NC | $204,972 | $914,478 |
Jewish Awareness Ministries Angier, NC | $1,226,828 | $478,417 |
Christian Coalition Charleston, SC | $131,109 | $477,791 |
Norfolk Area Community Kollel Norfolk, VA | $260,604 | $574,635 |
Cornwall Alliance For The Stewship Of Creation Collierville, TN | $157,045 | $351,913 |
Lantern Foundation Asheboro, NC | $185,303 | $419,034 |
Called To Peace Ministries Inc Wake Forest, NC | $202,619 | $298,353 |
Bethesda Recovery Inc Waycross, GA | $1,260,794 | $214,482 |
Aiken Africa International Mission Aiken, SC | $151,071 | $233,160 |
Carolina Jews For Justice Durham, NC | $119,094 | $154,561 |
Center For Christian Action Inc Pocahontas, VA | $96,710 | $0 |