Civic Intelligence

Lantern Light Inc

990 • Fiscal year 2020 • EIN 20-4769645

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 08, 2021

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

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.10x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$68,000

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 24.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

47th percentile

4.8%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$1,602,442

Up $73,693 (+4.8%) from 2019

Net Assets

Up

$1,575,454

Up $47,705 (+3.1%) from 2019

Liabilities

Up

$26,988

Up $25,988 (+2599%) from 2019

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin61st percentile

Revenue

Up

$283,019

Up $32,401 (+13%) from 2019

Expenses

Down

$251,731

Down $26,994 (-9.7%) from 2019

Net Income

Up

$31,288

Up $59,395 (+211%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2020

Assets$1,602,442
Liabilities$26,988
Net Assets$1,575,454
Open 2020 Filing

Operations Trend

Revenue Growth69th 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

2020

Revenue$283,019
Expenses$251,731
Net Income$31,288
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 8, 2021
Return Version
2020v4.0
Gross Receipts
$283,019
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$1,413,028$1,469,990▲ $56,962
Cash and Non-Interest-Bearing Accounts$115,721$106,963▼ $8,758
Savings and Temporary Cash Investments-$25,489-
Total Assets$1,528,749$1,602,442▲ $73,693
Liabilities
Unsecured Notes Loans Payable-$25,490-
Accounts Payable and Accrued Expenses$1,000$1,498▲ $498
Total Liabilities$1,000$26,988▲ $25,988
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,527,749$1,575,454▲ $47,705
Total Net Assets Fund Balance$1,527,749$1,575,454▲ $47,705
Total Liabilities and Net Assets / Fund Balance$1,528,749$1,602,442▲ $73,693

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$15,915$15,915
Other Land Buildings-$4,589$4,589
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kenitha Grooms-williamsExecutive DiFT$68,000$68,000

Board Members and Trustees

NameTitle
Steve BraudChair
Regina MolonyVice Chair
David HardinBoard Member
Donna FoleyBoard Member
Eleanora Bazile BrooksBoard Member
Mary Lou SpechaBoard Member
Steve OrkusBoard Member
Steve SabrierBoard Member
Elaine BergeronSecretary
Hunter HarrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$238,586
Program Service Revenue
$505
Investment Income
$41,965
Other Revenue
$1,963
All Other Contributions
$214,033
Change in Net Assets
$31,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,871
Other Expenses$95,397
Grants and Similar Amounts Paid$6,463
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,002--$68,002
Current Officers, Directors, Trustees, and Key Employees$40,000$28,000-$68,000
Occupancy-$24,620-$24,620
Payroll Taxes$5,816$6,053-$11,869
Insurance$2,504$5,853-$8,357
Fees for Service Investment Mgmnt Fees-$6,487-$6,487
Grants to Domestic Individuals$6,463--$6,463
Information Technology-$6,104-$6,104
All Other Expenses$1,574$2,938-$4,512
Fees for Services Accounting-$4,500-$4,500
Office Expenses$1,118$2,883-$4,001
Pension Plan Contributions-$2,000-$2,000
Other Expenses$1,968--$1,968
Total Functional Expenses$162,293$89,438$0$251,731
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
Yes
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 15A

“Board of directors determine compensation of the executive director based on similar compensation of similar non-profit organizations in the new orleans area.”

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
Steve Braud
Title
Chair
Phone
5042735573
Signed
2021-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Braud
Formed
2006
Legal Domicile
La
Voting Board Members
11
Independent Board Members
10
Employees
4

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Sheldon Bruno
Phone
5042848733
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Adjustment to beginning net assets -5,208”

Raw XML Appendix399 raw XML fields

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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0238586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0164627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0197850
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0186869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0310084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01098016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt041965
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025191
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014950
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05236
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0132142
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0105132
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89260
IRS990ScheduleA/PublicSupportPY170Pct00.91450
IRS990ScheduleA/PublicSupportTotal170Amt01098016
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0238586
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0164627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0197850
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0310084
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01098016
IRS990ScheduleA/TotalSupportAmt01230158
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015915
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015915
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04589
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04589
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06463
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GROCERY/UTILITY PAYMENTS
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt1BOARD OF DIRECTORS DETERMINE COMPENSATION OF THE EXECUTIVE DIRECTOR BASED ON SIMILAR COMPENSATION OF SIMILAR NON-PROFIT ORGANIZATIONS IN THE NEW ORLEANS AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENT TO BEGINNING NET ASSETS -5,208
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01528749
IRS990/TotalAssetsEOYAmt01602442
IRS990/TotalAssetsGrp/BOYAmt01528749
IRS990/TotalAssetsGrp/EOYAmt01602442
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0238586
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089438
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0162293
IRS990/TotalFunctionalExpensesGrp/TotalAmt0251731
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01000
IRS990/TotalLiabilitiesEOYAmt026988
IRS990/TotalLiabilitiesGrp/BOYAmt01000
IRS990/TotalLiabilitiesGrp/EOYAmt026988
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01527749
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01575454
IRS990/TotalProgramServiceExpensesAmt0162293
IRS990/TotalProgramServiceRevenueAmt0505
IRS990/TotalReportableCompFromOrgAmt068000
IRS990/TotalRevenueGrp/ExclusionAmt041965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02468
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0283019
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01528749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01602442
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt025490
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0LANTERNLIGHT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE BRAUD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05042735573
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-08
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/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/PreparationDt02021-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELDON BRUNO
ReturnHeader/ReturnTs02021-10-18T10:36:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRAUD
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,602,442
Liabilities
$26,988
Net assets
$1,575,454
Revenue
$283,019
Expenses
$251,731
Net income
$31,288
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