Lantern Network FY2023 filing
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Provides resources and support for individuals experiencing homelessness. For fiscal year 2023 it reported $264K in revenue, $237K in expenses, and $82K in net assets.Pt I
Summary of the Filing
Where the work happens
Connecting our target audience with industry professionals showing the powerful impact of our mentor-mentee partnerships.
Our Streaming Stories series spotlights Black professionals achievements inspiring and guiding our mentees through challenges proving that seeing is believing and becoming.
Guiding aspiring entrepreneurs we turn dreams into sustainable businesses that close the revenue gap and create jobs.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Tracy Davis’s $78K as Executive Director is at the 70th percentile of top reported officer pay among 1985 $100K–1M youth development 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Tracy Davis | $78,000 | — | $10,305 |
| Tracy Raphael | — | $72,000 | — |
| Rickyah Blake | — | $35,139 | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 71% | — | — |
| Overhead ratio | 15% | — | — |
| Fundraising cost ratio | 13% | — | — |
| Revenue growth | 36% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 6% | — | — |
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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