Lantern Light Inc
- Assets
- $1.6m
- Revenue
- $283.0k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 01/2016
- Data as of
- 12/2020
- 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 12/2020, 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 12/2020, Lantern Light Inc generated $283.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $251.7k during the year ending 12/2020. 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
2020
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
LANTERN LIGHT PROVIDED THE FOLLOWING SERVICES IN 2020 BIRTH CERTIFICATE ASSISTANCE TO 77 INDIVIDUALS, ID ASSISTANCE TO 154 INDIVIDUALS, PROVIDED ALMOST 11,000 MORNING SNACKS, AND ALMOST 29,000 LUNCHES TO HOMELESS AND UNDERSERVED PERSONS, PROVIDED MAIL SERVICES TO 3,045 INDIVIDUALS, AND ASSISTED INDIVIDUALS WITH FUNDS TOTALING 6,500 THAT NEEDED HELP WITH PRESCRIPTION ASSISTANCE, UTILITY BILLS, WATER BILLS AND RENTAL ASSISTANCE. OUR FOOD BANK DISTRIBUTED OVER 1,500 GROCERY AND TOILETRY BAGS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenitha Grooms-Williams Executive Di | Officer | 40 | $68,000 |
Regina Molony Vice Chair | OfficerTrustee | 2 | $0 |
Steve Braud Chair | OfficerTrustee | 2 | $0 |
Elaine Bergeron Secretary | OfficerTrustee | 2 | $0 |
Hunter Harris Treasurer | OfficerTrustee | 2 | $0 |
Eleanora Bazile Brooks Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $24,553 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,586 |
| Total Program Service Revenue | $505 |
| Investment income | $41,965 |
| 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 | $283,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,463 |
| 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. | $28,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,002 |
| Pension plan accruals and contributions | $2,000 |
| Other employee benefits | $0 |
| Payroll taxes | $11,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,487 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,001 |
| Information technology | $6,104 |
| Royalties | $0 |
| Occupancy | $24,620 |
| 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 | $8,357 |
| All other expenses | $4,512 |
| Total functional expenses | $251,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,963 |
| Savings and temporary cash investments | $25,489 |
| 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 | $1,469,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,602,442 |
| Accounts payable and accrued expenses | $1,498 |
| 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 | $25,490 |
| Other liabilities | $0 |
| Total liabilities | $26,988 |
| Net assets without donor restrictions | $1,575,454 |
| 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 | $1,602,442 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lantern Light Inc has recieved totaling $8,562.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: HUMAN SERVICES | $7,550 |
The Vincent Saia Foundation New Orleans, LA PURPOSE: GENERAL FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharing Life Community Outreach Inc Mesquite, TX | $2,053,373 | $25,973,083 |
Food Bank Of Northeast Arkansas Jonesboro, AR | $15,669,571 | $22,965,303 |
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Galveston County Food Bank Texas City, TX | $6,843,848 | $17,758,776 |
Caritas Of Waco Waco, TX | $6,458,652 | $16,290,870 |
Metrocrest Services Farmers Branch, TX | $16,311,455 | $22,147,837 |
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |
Goodness Outreach Depot Haslet, TX | $63,576 | $5,040,175 |
Reach Out America Intnl Inc League City, TX | $82,428 | $5,177,951 |
Humble Area Assistance Ministries Humble, TX | $3,384,410 | $5,119,606 |