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The Lantern Foundation EIN 33-1712903

The Lantern Foundation

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The Lantern Foundation is a mental health nonprofit based in Portland, OR, formed in 2024. For fiscal year 2025 it reported $311K in revenue, $217K in expenses, and $100K in net assets.Pt I

Founded
2024
Type
Public charity (501(c)(3)) · Mental Health
Location
Portland, OR
Filings
1 on file (2025–2025)
Revenue
$311KFY2025
Expenses
$217K
Net assets
$100K
People
6
Filings
1
Updates
0
More identity details & actions ⌄
EIN  33-1712903 Public charity (501(c)(3)) Portland, OR Founded 2024
Form 990 (PDF)
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Size
$100K–1M
What they do
a mental health nonprofit
Leadership
Emily Fusaro · President
Money in and out
$311K revenue, $217K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$311K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $94K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.06 Fundraising $0.16
Program efficiency
79%
of spending reaches programs
Operating runway
52.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$311K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$100K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$94K
Total assetsPt X · Ln 16$4.8M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $170K of program spending, described in the organization's own filed words · FY2025.
01

Delivered grief support and educational programming through facilitated grief groups, befriending mortality seminars, workplace grief trainings, community song circles, and informational sessions, promoting healing, connection, and increased grief awareness.

$170Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Lantern Foundation
EINHdr · item D33-1712903
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2024
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F60)
Ruling yearIRS BMFNov 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Emily Fusaro
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Kurtis Fusaro
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Shaoul
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$269K · 86%
Other revenue$30K · 10%
Investment income$13K · 4%
Contributions & grants86%$269K
Other revenue10%$30K
Investment income4%$13K
Program service revenue$140
— government grantsLn 1e$225K
Total revenueLn 12$311K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.06 Fundraising $0.16
Program services79%$170K
Management & general6%$12K
Fundraising16%$34K
Total functional expensesLn 25$217K

Balance Sheet

Part X · end of year
CashLn 1$956K
Total assetsLn 16$4.8M
Total liabilitiesLn 26$4.7M
Total net assetsLn 32$100K
Months of cash on handcomputed52.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $956K · Operating expenses/yr $217K
52.9 months
Where the money goes
Program services
Program services $170K · Total expenses $217K
79%
Management & General
Management & general $12K · Total expenses $217K
6%
Fundraising
Fundraising $34K · Total expenses $217K
16%
Cost to raise $1
Fundraising expense $34K · Solicited contributions $44K
$0.79 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $269K · Total revenue $311K
86%
Government reliance
Government grants $225K · Total revenue $311K
72%
Earned-income share
Program service revenue $140 · Total revenue $311K
0.04%
Investment reliance
Investment income $13K · Total revenue $311K
+4%
Program self-sufficiency
Program service revenue $140 · Total expenses $217K
0.06%
Growth & trend
Revenue growth (YoY)
This year $311K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $100K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $311K · Expenses $217K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $4.8M
—
Net-asset ratio
Net assets $100K · Total assets $4.8M
2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Fusaro · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $217K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $217K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 6%——
Fundraising cost ratio 13%——

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.

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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)$311K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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