Lantern Light Inc
- Assets
- $1.3m
- Revenue
- $211.7k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 20-4769645
Organization Overview
Lantern Light Inc is located in New Orleans, LA. The organization was established in 2016. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Lantern Light Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Light 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 12/2023, Lantern Light Inc generated $211.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $315.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A PLACE OF PEACE, SUPPORT, AND ENCOURAGEMENT TO THE WORKING POOR AND HOMELESS, IN DOWNTOWN NEW ORLEANS AS THEY REBUILD THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAST YEAR OUR SOCIAL WORKER HAD MORE THAN 900 ENGAGEMENTS WITH GUESTS THROUGH DIRECT SERVICES FOR ASSISTANCE WITH APPLYING FOR SNAP BENEFITS, MEDICAID, EMPLOYMENT,PERMANENT RESIDENT CARDS FOR IMMIGRANTS, AND OTHER QUALITY OF LIFE NEEDS. OUR MAIL COORDINATOR ENABLED US TO REGISTER MORE THAN 600 PERSONS TO RECEIVE MAIL AT OUR ADDRESS. OUR AGENCY PROVIDED 474 INDIVIDUALS WITH IDS AND/OR BIRTH CERTIFICATES IN ORDER TO GAIN ACCESS TO HOUSING AND EMPLOYMENT. WE PROVIDED 32, 294 SNACKS, 37,615 LUNCHES, AND DISTRIBUTED 2,344 GROCERY AND TOILETRY BAGS TO AN AVERAGE OF 100 FAMILIES PER MONTH. ADDITIONALLY, WE CONTRIBUTED MORE THAN 11,000.00 TO 51 FAMILIES WHO WERE ABLE TO OBTAIN PRESCRIPTION ASSISTANCE OR MAINTAIN THEIR HOUSING, UTILITY, OR WATER SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenitha Grooms-Williams Executive Di | Officer | 40 | $68,000 |
Eleanora Bazile Brooks Past Chair | OfficerTrustee | 2 | $0 |
Edwin Connick Secretary | OfficerTrustee | 2 | $0 |
Hunter Harris Board Member | Trustee | 2 | $0 |
Gertrude Ivory Board Member | Trustee | 2 | $0 |
Judith Miranti Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,356 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,704 |
| Total Program Service Revenue | $4,130 |
| Investment income | $43,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,984 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,163 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,000 |
| Compensation of current officers, directors, key employees. | $10,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,093 |
| Pension plan accruals and contributions | $2,100 |
| Other employee benefits | $0 |
| Payroll taxes | $11,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,365 |
| 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 | $3,060 |
| Information technology | $6,913 |
| Royalties | $0 |
| Occupancy | $36,185 |
| 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 | $8,668 |
| All other expenses | $15,412 |
| Total functional expenses | $315,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028 |
| 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 | $1,286,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,287,487 |
| Accounts payable and accrued expenses | $1,400 |
| 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 | $1,400 |
| Net assets without donor restrictions | $1,286,087 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,287,487 |