Lantern Light INC FY2021 filing

Public charity (501(c)(3)) New Orleans, LA Since 2006 EIN 20-4769645 NTEE P60
Revenue
$223K
▼ -21%
FY2021 · Pt VIII · Ln 12
Expenses
$248K
▼ -2%
FY2021 · Pt IX · Ln 25
Net assets
$1.5M
FY2021 · Pt X · Ln 32
To programs
85%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$223K
FY2021▼ -21%
Expenses
$248K
FY2021▼ -2%

Offers a peaceful place and support for working poor and homeless rebuilding lives.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Yes — filed FY2025
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Foundation funders?
1 funder — The Vincent Saia Foundation
$1K in the latest grant year.
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Spent on programs?
85% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↓ -21% vs prior year
Details →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Offers a peaceful place and support for working poor and homeless rebuilding lives.

Founded
2006
Type
Public charity (501(c)(3)) · Human Services
Location
New Orleans, LA
Website
lanternlight.org
Filings
6 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
73.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.5M
FY2021▼ -5%
Total liabilities
$3K
FY2021▼ -90%
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLantern Light INC
EINHdr · item D20-4769645
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jlanternlight.org
Year of formationHdr · item L2006
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P60)
Ruling yearIRS BMFJan 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$68,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kenitha Grooms-Williams’s $75K as Executive Di is at the 65th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kenitha Grooms-Williams$74,800$70,833$68,000$68,000$68,000$68,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $210K of program spending, described in the organization's own filed words · FY2021.
01

Lantern light provided the following services in 2020 birth certificate assistance to 77 individuals, id assistance to 154 individuals, provided almost 11,000 morning snacks, and almost 29,000 lunches to homeless and underserved persons, provided mail services to 3,045 individuals, and assisted individuals with funds totaling 6,500 that…

$210Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$159K · 71%
Investment income$36K · 16%
Other revenue$28K · 12%
Program service revenue$1K · 1%
Contributions & grants71%$159K
Investment income16%$36K
Other revenue12%$28K
Program service revenue1%$1K
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$210K
Management & general15%$38K
Total functional expensesLn 25$248K

Balance Sheet

Part X · end of year
CashLn 1$54K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$3K
Total net assetsLn 32$1.5M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $248K
73.9 months
Where the money goes
Program services
Program services $210K · Total expenses $248K
85%
Management & General
Management & general $38K · Total expenses $248K
15%
Fundraising
Fundraising $0 · Total expenses $248K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $199K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $159K · Total revenue $223K
71%
Government reliance
Government grants — · Total revenue $223K
—
Earned-income share
Program service revenue $1K · Total revenue $223K
0.5%
Investment reliance
Investment income $36K · Total revenue $223K
+16%
Program self-sufficiency
Program service revenue $1K · Total expenses $248K
0.5%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $283K
-21%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $248K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
96%
People & payroll
Highest Reported Total Compensation
Individual Kenitha Grooms-Williams · Reported title EXECUTIVE DI · Highest reported compensation $68K · Total expenses $248K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $147K · Total expenses $248K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 15%——
Fundraising cost ratio 0%——
Revenue growth -21%——
Investment management fee ratio 0.4%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 6 grants · $93K · 2020–2025
Unitemized GrantFY2025$15,477
Unitemized GrantFY2024$13,811
Unitemized GrantFY2023$11,163
Unitemized GrantFY2022$14,966
Unitemized GrantFY2021$31,076
Unitemized GrantFY2020$6,463

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$240K revenue · ⤓ 990 PDF
FY2024$195K revenue · ⤓ 990 PDF
FY2023$212K revenue · ⤓ 990 PDF
FY2022$242K revenue · ⤓ 990 PDF
FY2021$223K revenue · viewing · ⤓ 990 PDF
FY2020$283K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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