Lantern Projects Inc
- Assets
- $45.5k
- Revenue
- $255.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Piedmont, CA
- Founding
- 06/2003
- Data as of
- 06/2023
- EIN
- 75-3112899
Organization Overview
Lantern Projects Inc is located in Piedmont, CA. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lantern Projects 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 06/2023, Lantern Projects Inc generated $255.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $252.6k during the year ending 06/2023. While expenses have increased by 3.9% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO VULNERABLE, NEEDY WOMEN, DEPRIVED CHILDREN AND FAMILIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED IMMEDIATE BASIC NEEDS, CLOTHING, MEDICAL SUPPLIES, SCHOOL SUPPLIES, ETC. TO FAMILIES, STUDENTS AND ORGANIZATIONS IN 36 COUNTRIES/REGIONS THROUGH OVER 70 LANTERN PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Uilkema President | Officer | 20 | $0 |
Karen Friedman Treasurer | Officer | 2 | $0 |
Ksenija Olmer Director | Officer | 1 | $0 |
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 | $254,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,952 |
| Total Program Service Revenue | $0 |
| Investment income | $210 |
| 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 | $255,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,006 |
| Grants and other assistance to domestic individuals. | $34,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $169,363 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $194 |
| Information technology | $756 |
| 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 | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $197 |
| Total functional expenses | $252,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,906 |
| Savings and temporary cash investments | $42,502 |
| 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 | $47 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,455 |
| 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 | $45,455 |
| Total liabilities and net assets/fund balances | $45,455 |
Grants Awarded
Over the last fiscal year, Lantern Projects Inc has awarded $46,797 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CCDO PURPOSE: CAMBOIA - CHILDREN DAILY MEALS | $39,000 |
FRIEND OF MOLDOVA PURPOSE: UKRAINIAN REFUGEE CAMPS | $7,797 |