Civic Intelligence

Lantern Light Inc.

990 • Fiscal year 2016 • EIN 20-4769645

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

Organization ProfileLANTERNLIGHT.ORG
1802 Tulane AvenueNew Orleans, LA 70112

(504) 273-5573

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.20x

Higher debt load relative to assets than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.22x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

79th percentile

18%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

85th percentile

26%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,036,714

Up $421,973 (+26%) from 2015

Net Assets

Up

$1,633,388

Up $21,477 (+1.3%) from 2015

Liabilities

Up

$403,326

Up $400,496 (+14152%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin79th percentile

Revenue

Up

$330,504

Up $38,439 (+13%) from 2015

Expenses

Up

$269,630

Up $43,902 (+19%) from 2015

Net Income

Down

$60,874

Down $5,463 (-8.2%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $1,614,741Liabilities 2015: $2,830Net Assets 2015: $1,611,9112015Assets 2016: $2,036,714Liabilities 2016: $403,326Net Assets 2016: $1,633,3882016Assets 2017: $1,582,732Liabilities 2017: $3,805Net Assets 2017: $1,578,9272017Assets 2019: $1,528,749Liabilities 2019: $1,000Net Assets 2019: $1,527,7492019Assets 2020: $1,602,442Liabilities 2020: $26,988Net Assets 2020: $1,575,4542020Assets 2021: $1,525,492Liabilities 2021: $2,763Net Assets 2021: $1,522,7292021Assets 2022: $1,396,855Liabilities 2022: $1,610Net Assets 2022: $1,395,2452022Assets 2023: $1,287,487Liabilities 2023: $1,400Net Assets 2023: $1,286,0872023Assets 2024: $1,180,379Liabilities 2024: $1,999Net Assets 2024: $1,178,3802024

Highlighted filing

2016

Assets$2,036,714
Liabilities$403,326
Net Assets$1,633,388
Open 2016 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2015: $292,065Expenses 2015: $225,728Net Income 2015: $66,3372015Revenue 2016: $330,504Expenses 2016: $269,630Net Income 2016: $60,8742016Revenue 2017: $218,671Expenses 2017: $273,132Net Income 2017: -$54,4612017Revenue 2019: $250,618Expenses 2019: $278,725Net Income 2019: -$28,1072019Revenue 2020: $283,019Expenses 2020: $251,731Net Income 2020: $31,2882020Revenue 2021: $223,406Expenses 2021: $247,658Net Income 2021: -$24,2522021Revenue 2022: $242,158Expenses 2022: $294,995Net Income 2022: -$52,8372022Revenue 2023: $211,657Expenses 2023: $315,181Net Income 2023: -$103,5242023Revenue 2024: $194,804Expenses 2024: $325,862Net Income 2024: -$131,0582024

Highlighted filing

2016

Revenue$330,504
Expenses$269,630
Net Income$60,874
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$330,504
Mission and Program Overview

Mission

Providing a place of peace, support, and encouragement to the working poor and homeless, in downtown new orleans as they rebuild their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,024,225$1,025,117▲ $892
Cash and Non-Interest-Bearing Accounts$534,744$1,003,027▲ $468,283
Land, Buildings, and Equipment, Net$19,678$8,570▼ $11,108
Prepaid Expenses and Deferred Charges$157--
Total Assets$1,578,804$2,036,714▲ $457,910
Liabilities
Other Liabilities-$400,979-
Accounts Payable and Accrued Expenses$2,830$2,347▼ $483
Total Liabilities$2,830$403,326▲ $400,496
Net Assets / Fund Balance
Unrestricted Net Assets$1,575,974$1,633,388▲ $57,414
Total Net Assets Fund Balance$1,575,974$1,633,388▲ $57,414
Total Liabilities and Net Assets / Fund Balance$1,578,804$2,036,714▲ $457,910

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,523$9,392$15,915
Other Land Buildings$2,047$2,542$4,589
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Francis BolognaPresident
David HardinBoard Member
Donna FoleyBoard Member
Hunter HarrisBoard Member
Mickey PalmisanoBoard Member
Regina MolonyBoard Member
Steve SabrierBoard Member
Kenitha Grooms-williamsExecutive Di
Chris ZaineySecretary
Steve BraudTreasurer
Elaine BergeronVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$310,084
Program Service Revenue
$11,973
Investment Income
$5,236
Other Revenue
$3,211
All Other Contributions
$310,084
Change in Net Assets
$60,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,353
Salaries, Compensation, and Employee Benefits$115,307
Grants and Similar Amounts Paid$27,970
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,623$14,996-$105,619
Grants to Domestic Individuals$27,970--$27,970
All Other Expenses$14,148$8,928-$23,076
Other Expenses$10,599--$10,599
Office Expenses$769$7,805-$8,574
Payroll Taxes$6,441$1,137-$7,578
Insurance-$5,351-$5,351
Fees for Services Accounting-$3,871-$3,871
Other Employee Benefits$1,828$282-$2,110
Depreciation Depletion-$442-$442
Fees for Services Legal-$422-$422
Travel$31--$31
Total Functional Expenses$226,396$43,234$0$269,630
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Others$400,979
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is provided to management and the board for review and approval before being submitted to the irs.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lantern Light Inc
EIN
20-4769645
Phone
5042735573
Address
1802 TULANE AVENUE, NEW ORLEANS, LA 70112

Signing Officer

Name
Francis Bologna
Title
President
Phone
5042735573
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Bologna
Formed
2006
Legal Domicile
La
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Waldo J Moret Jr
Phone
5042848733
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt015184
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IRS990ScheduleA/PublicSupportTotal170Amt0566403
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0310084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0256319
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0566403
IRS990ScheduleA/TotalSupportAmt0585817
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt06523
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09392
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015915
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02047
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02542
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0400979
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08570
IRS990ScheduleD/TotalLiabilityAmt0400979
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010373
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt117597
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GROCERY/UTILITY PAYMENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1DONATIONS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt041
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt125
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PROVIDED TO MANAGEMENT AND THE BOARD FOR REVIEW AND APPROVAL BEFORE BEING SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02036714
IRS990/TotalAssetsGrp/BOYAmt01578804
IRS990/TotalAssetsGrp/EOYAmt02036714
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IRS990/TotalContributionsAmt0310084
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043234
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0226396
IRS990/TotalFunctionalExpensesGrp/TotalAmt0269630
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02830
IRS990/TotalLiabilitiesEOYAmt0403326
IRS990/TotalLiabilitiesGrp/BOYAmt02830
IRS990/TotalLiabilitiesGrp/EOYAmt0403326
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01575974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01633388
IRS990/TotalProgramServiceExpensesAmt0226396
IRS990/TotalProgramServiceRevenueAmt011973
IRS990/TotalRevenueGrp/ExclusionAmt05236
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015184
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0330504
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01578804
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02036714
IRS990/TravelGrp/ProgramServicesAmt031
IRS990/TravelGrp/TotalAmt031
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01575974
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01633388
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0LANTERNLIGHT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCIS BOLOGNA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05042735573
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANTERN LIGHT INC
ReturnHeader/Filer/BusinessNameControlTxt0LANT
ReturnHeader/Filer/EIN0204769645
ReturnHeader/Filer/PhoneNum05042735573
ReturnHeader/Filer/USAddress/AddressLine1Txt01802 TULANE AVENUE
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070112
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F18ED24ED9506EDA7C105966AE009E4DC268BB16
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F18ED24ED9506EDA7C105966AE009E4DC268BB16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720877929
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRUNO & TERVALON LLP CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04298 ELYSIAN FIELDS AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ORLEANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070122
ReturnHeader/PreparerPersonGrp/PhoneNum05042848733
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WALDO J MORET JR
ReturnHeader/ReturnTs02017-11-14T15:21:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,036,714
Liabilities
$403,326
Net assets
$1,633,388
Revenue
$330,504
Expenses
$269,630
Net income
$60,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.19$0.33$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.21$0.32$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.24$0.29$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.52$0.22$0.25$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.60$0.03$1.58$0.28$0.25$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.25$0.28$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.22$0.27$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.04$0.40$1.63$0.33$0.27$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.29$0.23$0.07