Lantern
- Assets
- $136.8k
- Revenue
- $70.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 52-2029192
Organization Overview
Lantern is located in Baltimore, MD. The organization was established in 1999. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. 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 $70.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $70.0k during the year ending 12/2021. While expenses have increased by 3.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSIONARY WORK - INDIVIDUAL AND GROUP MISSIONARY TRIPS FOR DISSEMINATION OF THE GOSPEL AND DIRECT SUPPORT FOR THE POOR AND HOMELESS
MISSIONARY WORK GRANTS - CASH SUPPORT FOR OPERATING FOUNDATIONS AND PUBLIC CHARITIES WHOSE PURPOSE OF DIRECT PROPOGATION OF THE GOSPEL AND SUPPORT FOR THE POOR AND HOMELESS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,020 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $10,484 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,712 |
| Printing and publications | $0 |
| Other expenses | $7,477 |
| Total operating and administrative expenses | $36,323 |
| Contributions, gifts, grants paid | $33,697 |
| Total expenses and disbursements | $70,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,338 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $58,430 |
| Other assets | $0 |
| Total assets | $136,768 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lantern has awarded $33,697 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERT MEYER PURPOSE: EVANGELISTIC MINISTRY SUPPORT | $250 |
VOICE OF MARTYRS PURPOSE: EVANGELISTIC MINISTRY SUPPORT | $400 |
IT'S SUPERNATURAL PURPOSE: EVANGELISTIC MINISTRY SUPPORT | $400 |
MARK JOHNSON PURPOSE: EVANGELISTIC MINISTRY SUPPORTEVANGELISTIC MINISTRY SUPPORT | $450 |
KELVIN RANK PURPOSE: EVANGELISTIC MINISTRY SUPPORT | $0 |
ERIC AND LAUREN RANK PURPOSE: EVANGELISTIC MINISTRY SUPPORT | $0 |