To catalyze business and benovolence into a movement to help a depressed city thrive in all aspects of life.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $79K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$153K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$522K
Spent
$433K
To programs
98%
Net assets
$452K
By yearFY2020–FY2024
Revenue
$522K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$522K
FY2021$1.0M
FY2022$654K
FY2023$819K
FY2024$1.1M
Expenses
$433K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$433K
FY2021$594K
FY2022$944K
FY2023$860K
FY2024$887K
Net assets
$452K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$452K
FY2021$897K
FY2022$628K
FY2023$475K
FY2024$896K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2016.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $423K Management & general 2% · $10K

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

10 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
Post Commons Manager
$38,309Pt VII · Sec A
Post Kitchen Manager
$27,071Pt VII · Sec A
Post Event Manager/Barista
$23,676Pt VII · Sec A
Lantern Staff
$22,222Pt VII · Sec A
Financial Director
$9,646Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Taylor McCall’s $65K as Treasure/Secretary/ Board Member is at the 24th percentile of top reported officer pay among 1636 $1–10M religion 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Hugh Halter——$138,000——
Taylor McCall$65,400$63,400$58,500$34,100—
David McCann$56,106$55,797$47,928$40,283$38,309
John Curtis Sweeney$38,790————
Justine Carlson$24,055$38,170$37,635$35,753—
Shea Maples—$35,208$36,152$31,723$27,071
Grace Sakry$36,123————
C Fleck—$27,698$31,517——

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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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 15aYes

Programs and updates

Inspiring businesses and charities to revive a struggling city.

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Provided by the organization

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1 program · $423K · in their own filed words · FY2020
01

To be an incubator for "good works" in Alton, IL and the surrounding riverbend area. "Good works" include business incubator, residential and commercial property redevelopment, neighborhood spiritual and social communities, personal and professional life coaching, and social entrepreneurship.

$423Kprogram 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
Total grants receivedfrom 1 funder$44K
Grants paid · 3 grants · $62K · 2020–2023
Forge AmericaTX · FY2023$12,500
Forge AmericaTX · FY2022$17,000
Forge AmericaTX · FY2020$33,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$522K
Ln 12
Gifts and grantsLn 1h$302K
Other incomeLn 4–11$220K
Money outPt IX
$433K
Ln 25
Programscol B$423K
Managementcol C$10K
Owns and owesPt X
$452K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$605K
LiabilitiesLn 26$153K
PeoplePt VI, VII
10
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$302K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$220K
Total revenueLn 12$522K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$0
Cash and savings togetherLn 1–2$66K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$452K
Other assetsLn 15$0
Total assetsLn 16$605K
LiabilitiesLn 26$153K
Net assetsLn 32$452K
OperationsPt I, VI
EmployeesI 519
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$82K$66K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$443K$452K
Total assetsLn 16$533K$605K
LiabilitiesLn 26$171K$153K
Net assetsLn 32$361K$452K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33K$33K
Grants to domestic individualsLn 2$4K$4K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$185K$185K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$388$388$0$0
Legal feesLn 11b$7K$0$7K$0
Accounting feesLn 11c$3K$0$3K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$4K$4K$0$0
Office expensesLn 13$14K$14K$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0
OccupancyLn 16$70K$70K$0$0
TravelLn 17$15K$15K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$28K$28K$0$0
InsuranceLn 23$13K$13K$0$0
Other expenses (24a–d)Ln 24$57K$57K$0$0
Total functional expensesLn 25$433K$423K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$887K$218K$896K 990 PDF
FY2023 $819K$860K−$41K$475K 990 PDF
FY2022 $654K$944K−$291K$628K 990 PDF
FY2021 $1.0M$594K$419K$897K 990 PDF
FY2020 Viewing $522K$433K$89K$452K 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 FY2020 990 (6 parts)
Part I · Summary $521,642 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $423,268$301,836
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $279,221$219,806
I-12 Total revenuePrior year $702,489$521,642
I-13 Grants and similar amounts paidPrior year $17,235$37,485
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $213,453$184,722
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $221,416$210,932
I-18 Total expensesPrior year $452,104$433,139
I-19 Revenue less expensesPrior year $250,385$88,503
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $521,642 across 9 lines filed
Lines not itemized here account for $219,806 of total revenue; see the IRS return.
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$301,836
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$301,836
VIII-12 Total revenueRelated to mission $219,806 · Unrelated business $0 · Excluded from tax $0$521,642
Part IX · Statement of functional expenses $433,139 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $33,000$33,000
IX-2 Grants to domestic individualsPrograms $4,485$4,485
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $184,722 · Management $0 · Fundraising $0$184,722
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $388 · Management $0 · Fundraising $0$388
IX-11b Legal feesPrograms $0 · Management $7,470 · Fundraising $0$7,470
IX-11c Accounting feesPrograms $0 · Management $2,846 · Fundraising $0$2,846
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $3,867 · Management $0 · Fundraising $0$3,867
IX-13 Office expensesPrograms $13,598 · Management $0 · Fundraising $0$13,598
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0$0
IX-16 OccupancyPrograms $70,056 · Management $0 · Fundraising $0$70,056
IX-17 TravelPrograms $14,869 · Management $0 · Fundraising $0$14,869
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $27,995 · Management $0 · Fundraising $0$27,995
IX-23 InsurancePrograms $13,035 · Management $0 · Fundraising $0$13,035
IX-24 Other expenses (24a–d)Programs $56,808 · Management $0 · Fundraising $0$56,808
IX-25 Total functional expensesPrograms $422,823 · Management $10,316 · Fundraising $0$433,139
Part X · Balance sheet $605,241 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $82,014$65,682
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $8,311$87,185
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $442,522$452,374
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $532,847$605,241
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $163,407$142,434
X-25 Other liabilitiesStart of year $8,064$10,524
X-26 Total liabilitiesStart of year $171,471$152,958
X-32 Total net assets or fund balancesStart of year $361,376$452,283
X-33 Total liabilities and net assetsStart of year $532,847$605,241
Part XI · Reconciliation of net assets $452,283 net assets at year end
XI-1 Total revenue$521,642
XI-2 Total expenses$433,139
XI-3 Revenue less expenses$88,503
XI-4 Net assets at start of year$361,376
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$2,404
XI-10 Net assets at end of year$452,283

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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