Lantern Lane Farm Inc
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Gladeville, TN
- Founding
- 01/2010
- Data as of
- 12/2022
- 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 12/2022, Lantern Lane Farm Inc employed 5 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 12/2022, Lantern Lane Farm Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 27.1% per year over the past 8 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
2022
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 | $146,123 |
Joni Cook Co-Founder | Trustee | 0.5 | $0 |
Derek Hazelet President | OfficerTrustee | 1 | $0 |
Bill Manley Hon. Chairma | OfficerTrustee | 0.5 | $0 |
Janice Durnberger Secretary | OfficerTrustee | 1 | $0 |
Holly Griffith Dir Of Engag | Officer | 12.5 | $9,261 |
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 | $281,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,649 |
| Total Program Service Revenue | $1,722,091 |
| 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 | $2,003,740 |
| 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. | $248,238 |
| Compensation of current officers, directors, key employees. | $101,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,333,505 |
| Advertising and promotion | $11,575 |
| Office expenses | $38,482 |
| Information technology | $7,257 |
| Royalties | $0 |
| Occupancy | $26,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,375 |
| Interest | $27,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,007 |
| Insurance | $11,030 |
| All other expenses | $0 |
| Total functional expenses | $1,943,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,929 |
| 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 | $928,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,291,309 |
| Accounts payable and accrued expenses | $15,938 |
| 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 | $186,958 |
| Secured mortgages and notes payable | $567,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $770,594 |
| Net assets without donor restrictions | $360,302 |
| Net assets with donor restrictions | $160,413 |
| 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 | $1,291,309 |