Inspiring businesses and charities to revive a struggling city.
For fiscal year 2022 it reported $654K in revenue, $944K in expenses, and $628K in net assets.Pt I
Where the money goes · FY2022
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$944K
Pt IX · Ln 25
Net assets
$628K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$291K
Where spending went · Part IX cols B–D
100%
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-44%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2022 · Form 990
Revenue
$654K
FY2022▼ -35%
$1.1M$552K$0
FY2020FY2024
Expenses
$944K
FY2022▲ +59%
$944K$472K$0
FY2020FY2024
Total assets
$703K
FY2022▼ -32%
$1.1M$527K$0
FY2020FY2024
Total liabilities
$75K
FY2022▼ -43%
$167K$83K$0
FY2020FY2024
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$944K
Pt IX · Ln 25
Net assets
$628K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$291K
Total assetsPt X · Ln 16$703K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43
Mission & Programs · Part III
Where the work happens
2 program services account for $944K of program spending, described in the organization's own filed words · FY2022.
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.
$841Kprogram expense
02
This program supports Brave Cities which is a fiscal sponsor of Lantern Network. The mission of Brave Cities as working with Lantern Network is to locate, train, and equip pioneer leaders to build Kingdom ecosystems wishing existing cities to launch entrepreneurial startups, establish justice works, provide sustainability amount the…
Taylor McCall’s $65K as Treasure/Secretary/ Board Member
is at the 24th percentile of top reported officer pay among 1637 $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
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.
Individual Hugh Halter · Reported title President/ Board Member · Highest reported compensation $138K · Total expenses $944K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $533K · Total expenses $944K
56%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
100%
—
—
Overhead ratio
0%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
-35%
—
—
Legal fee ratio
1%
—
—
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.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.
Sign-in is temporarily unavailable
Leave your email and we’ll let you know when you can finish signing in and follow
the organization.