The Lantern
- Assets
- $2.1m
- Revenue
- $664.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Cleveland, OH
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 27-2051836
Organization Overview
The Lantern is located in Cleveland, OH. The organization was established in 2012. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Lantern employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern 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 generated $664.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $549.2k during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 7 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 PROVIDE QUALITY SOBER LIVING TO THE CHEMICALLY DEPENDENT PERSON AND TO EDUCATE AND ASSIST PEOPLE WITH RECOVERY FROM DRUG AND ALCOHOL ADDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED CAPITAL TO MAINTAIN A FACILITY TO HELP WITH THE RECOVERY OF PATIENTS FROM DRUG AND ALCOHOL ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mick Minton President | Officer | 2 | $0 |
Karl Kisselle Vice President | Officer | 2 | $0 |
John Sbatella Treasurer | Officer | 2 | $0 |
Ann Dunn Secretary | Officer | 1 | $0 |
Edward Barrett Trustee | Trustee | 2 | $0 |
David Wondolowski Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $179,586 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,051 |
| Total Program Service Revenue | $45,068 |
| Investment income | $16 |
| 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 | $664,135 |
| 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 | $169,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,089 |
| Payroll taxes | $15,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $546 |
| Fees for services: Accounting | $950 |
| 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 | $31,051 |
| 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 | $76,309 |
| Insurance | $27,841 |
| All other expenses | $144,785 |
| Total functional expenses | $549,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,777 |
| Savings and temporary cash investments | $82,018 |
| 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 | $1,730,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,078,414 |
| 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 | $2,078,414 |
| Total liabilities and net assets/fund balances | $2,078,414 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Lantern has recieved totaling $74,672.
| Awarding Organization | Amount |
|---|---|
Community West Foundation Westlake, OH PURPOSE: SEE PART IV | $48,133 |
The Andrews Foundation Beachwood, OH PURPOSE: PROGRAM SUPPORT | $15,000 |
George M & Pamela S Humphrey Fund Cleveland, OH PURPOSE: OPERATING SUPPORT | $10,000 |
The Arthur B Mcbride Sr Family Foundation Westlake, OH PURPOSE: UNRESTRICTED OPERATING FUNDS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $539 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain Comprehensive Care Center Inc Prestonsburg, KY | $53,375,233 | $94,428,211 |
Horizon House Rehabilitation Serv Inc Philadelphia, PA | $14,312,848 | $47,190,161 |
Northeast Treatment Centers Inc Philadelphia, PA | $32,576,263 | $43,098,585 |
Maryhaven Inc Columbus, OH | $15,437,426 | $32,393,741 |
Scioto County Counseling Center Inc Portsmouth, OH | $23,155,346 | $37,728,081 |
Gateway Rehabilitation Center Moon Township, PA | $23,829,344 | $31,864,968 |
Hegira Health Inc Livonia, MI | $11,505,813 | $31,915,286 |
Fairbanks Hospital Inc Indianapolis, IN | $19,560,027 | $20,333,233 |
Mirmont Alcohol Rehabilitation Center Newtown Square, PA | $27,152,700 | $24,952,557 |
Sacred Heart Rehabilitation Center Inc Memphis, MI | $18,350,229 | $19,664,246 |
Truenorth Wellness Services Hanover, PA | $22,294,880 | $22,592,679 |
Net Treatment Services Inc Philadelphia, PA | $7,104,223 | $17,590,215 |