Lantern Project is located in Abilene, TX. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Project 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 Project generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $85.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ABILENE: THE ABILENE PROGRAM WAS HELPING TO RAISE FUNDS AND WE ALSO PARTNERED WITH 4 OTHER LOCAL NON-PROFITS WITH SIMILAR VISIONS TO PROVIDE MUCH NEEDED FINANCIAL SUPPORT DUE TO THE IMPACTS THAT COVID HAS HAD ON THEIR FUNDING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Porter President | 2 | $0 | |
Ronald Johnson Vice President | 2 | $0 | |
Cody Forsberg Treasurer | 2 | $0 | |
Pam Langley Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $30,049 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $30,049 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $4,361 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $3,305 |
Total expenses | $85,241 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $394,993 |
Other assets | $0 |
Total assets | $395,414 |
Total liabilities | $0 |
Net assets or fund balances | $395,414 |
Over the last fiscal year, Lantern Project has awarded $142,950 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
SAFE FAMILIES FOR CHILDREN PURPOSE: GRANT TO SUPPORT LOCAL FAMILY SERVICES. | $65,100 |
CHRISTIAN HOMES & FAMILY SERVICES PURPOSE: TO PROVIDE FUNDING TO HELP SUPPORT FOR FAMILY SERVICES. | $33,100 |
NOAH PROJECT PURPOSE: GRANT TO SUPPORT LOCAL WOMEN IN NEED. | $32,250 |
GLOBAL SAMARITAN RESOURCES PURPOSE: GRANT TO SUPPORT LOGISTICS AND SHIPPING COSTS FOR FOREIGN MISSIONS RELIEF. | $12,500 |