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Lantern Project FY2022 filing

Tax-deductible

Abilene, TX501(c)(3)Public & Societal Benefit EIN 47-1403943Revenue $98K in FY2022

On file with the IRSthelanternproject.orgPo Box 72, 79604-0072 · Abilene, TXTax-exempt since Sep 2014Publicly supported — 509(a)(2)

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The overall mission of the Lantern Project 1) to assist people with barriers to employment by providing vocational education, work training, and support services, 2) to provide a faith-based program designed to teach life skills to people with barriers in life, 3) to provide or facilitate building projects, water wells, humanitarian projects in foreign countries and north america. The Lantern Project feels strongly that there exists a rising demand for skilled laborers, and the organization can assist with filling this demand by equipping eager and hardworking multi-nationals, veterans, and other individuals who lack access to good training programs and life skill programs. The organization's current focus is on training and assisting refugees.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $33K a year · 56% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$98K
+146% vs prior year
Spent
$177K
To programs
96%
Net assets
$451K
By yearFY2020–FY2025
Revenue
$98K
FY2022▲ +146%
Tap a bar for its year
Revenue by fiscal year
FY2020$39K
FY2021$40K
FY2022$98K
FY2023$30K
FY2024$134K
FY2025$148K
Expenses
$177K
FY2022▲ ×10
Tap a bar for its year
Expenses by fiscal year
FY2020$81K
FY2021$17K
FY2022$177K
FY2023Not on file
FY2024Not on file
FY2025Not on file
Net assets
$451K
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$507K
FY2021$530K
FY2022$451K
FY2023$395K
FY2024$440K
FY2025$465K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $170K Management & general 3% · $6K Fundraising 1% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Kevin Porter
President
$0Pt VII · Sec A
Ronald Johnson
Vice President
$0Pt VII · Sec A
Cody Forsberg
Treasurer
$0Pt VII · Sec A
Pam Langley
Secretary
$0Pt VII · Sec A
See Lantern Project executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people overcome employment barriers with training, life skills, and global humanitarian projects.

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Provided by the organization

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1 program · $170K · in their own filed words · FY2022
01

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.

$170Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Community Foundation of AbileneFY2024$6K
Total grants receivedfrom 1 funder$6K
Grants paid · 10 grants · $246K · 2020–2022
Safe Families for Children AllianceIL · FY2022$65,100
Christian Homes of Abilene INCTX · FY2022$33,100
Noah ProjectMI · FY2022$32,250
Unitemized GrantFY2022$26,300
Global Samaritan Resources INCTX · FY2022$12,500
Christian Homes of Abilene INCTX · FY2021$10,910
Noah ProjectFY2020$32,570
Global Samaritan Resources INCTX · FY2020$20,000
Unitemized GrantFY2020$7,750
Safe Families for Children AllianceIL · FY2020$5,543

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$98K
Ln 12
Gifts and grantsLn 1h$98K
Money outPt IX
$177K
Ln 25
Programscol B$170K
Managementcol C$6K
Fundraisingcol D$1K
Owns and owesPt X
$451K
net assets · Ln 32
Cash and savingsLn 1–2$450K
Total assetsLn 16$451K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$98K
Assets in detailPt X, end of year
CashLn 1$450K
Cash and savings togetherLn 1–2$450K
Total assetsLn 16$451K
LiabilitiesLn 26$0
Net assetsLn 32$451K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$530K$450K
Total assetsLn 16$530K$451K
LiabilitiesLn 26$0$0
Net assetsLn 32$530K$451K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$143K$143K
Grants to domestic individualsLn 2$26K$26K
Legal feesLn 11b$345$345
Accounting feesLn 11c$3K$3K
Office expensesLn 13$642$636$6
TravelLn 17$45$45
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$0$0$1K
Total functional expensesLn 25$177K$170K$6K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $148K$465K 990 PDF
FY2024 $134K$440K 990 PDF
FY2023 $30K$395K 990 PDF
FY2022 Viewing $98K$177K−$79K$451K 990 PDF
FY2021 $40K$17K$23K$530K 990 PDF
FY2020 $39K$81K−$43K$507K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $97,926 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,549$97,926
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $4,195$0
I-12 Total revenuePrior year $39,744$97,926
I-13 Grants and similar amounts paidPrior year $10,910$169,250
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,124$8,133
I-18 Total expensesPrior year $17,034$177,383
I-19 Revenue less expensesPrior year $22,710−$79,457
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $97,926 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$97,926
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$97,926
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$97,926
Part IX · Statement of functional expenses $177,383 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $142,950$142,950
IX-2 Grants to domestic individualsPrograms $26,300$26,300
IX-11b Legal feesPrograms $345$345
IX-11c Accounting feesManagement $3,348$3,348
IX-13 Office expensesPrograms $636 · Management $6$642
IX-17 TravelPrograms $45$45
IX-23 InsuranceManagement $2,504$2,504
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $1,249$1,249
IX-25 Total functional expensesPrograms $170,276 · Management $5,858 · Fundraising $1,249$177,383
Part X · Balance sheet $450,606 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $529,658$450,186
X-9 Prepaid expenses and deferred chargesStart of year $405$420
X-16 Total assetsStart of year $530,063$450,606
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $530,063$450,606
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $530,063$450,606
X-33 Total liabilities and net assetsStart of year $530,063$450,606
Part XI · Reconciliation of net assets $450,606 net assets at year end
XI-1 Total revenue$97,926
XI-2 Total expenses$177,383
XI-3 Revenue less expenses−$79,457
XI-4 Net assets at start of year$530,063
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$450,606

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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