Civic Intelligence

Cabondale Underground Network

990 • Fiscal year 2019 • EIN 47-1971599

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 28, 2020

Organization Profilewww.postcommons.com

View Organization Page

300 Alby StreetAlton, IL 62002

(205) 396-5324

Siviq Scores

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

Liabilities / Assets

79th percentile

0.32x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.24x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$31,315

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

94th percentile

105%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

76%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$532,847

Up $273,007 (+105%) from 2018

Net Assets

Up

$361,376

Up $252,367 (+232%) from 2018

Liabilities

Up

$171,471

Up $20,640 (+14%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin86th percentile

Revenue

Up

$702,489

Up $303,986 (+76%) from 2018

Expenses

Up

$452,104

Up $52,988 (+13%) from 2018

Net Income

Up

$250,385

Up $250,998 (+40946%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $259,840Liabilities 2018: $150,831Net Assets 2018: $109,0092018Assets 2019: $532,847Liabilities 2019: $171,471Net Assets 2019: $361,3762019Assets 2020: $605,241Liabilities 2020: $152,958Net Assets 2020: $452,2832020Assets 2021: $1,028,262Liabilities 2021: $131,107Net Assets 2021: $897,1552021Assets 2022: $702,543Liabilities 2022: $74,620Net Assets 2022: $627,9232022Assets 2023: $642,134Liabilities 2023: $166,737Net Assets 2023: $475,3972023Assets 2024: $1,054,662Liabilities 2024: $158,827Net Assets 2024: $895,8352024

Highlighted filing

2019

Assets$532,847
Liabilities$171,471
Net Assets$361,376
Open 2019 Filing

Operations Trend

Revenue Growth90th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $398,503Expenses 2018: $399,116Net Income 2018: -$6132018Revenue 2019: $702,489Expenses 2019: $452,104Net Income 2019: $250,3852019Revenue 2020: $521,642Expenses 2020: $433,139Net Income 2020: $88,5032020Revenue 2021: $1,012,620Expenses 2021: $593,998Net Income 2021: $418,6222021Revenue 2022: $653,733Expenses 2022: $944,396Net Income 2022: -$290,6632022Revenue 2023: $819,055Expenses 2023: $859,565Net Income 2023: -$40,5102023Revenue 2024: $1,104,338Expenses 2024: $886,814Net Income 2024: $217,5242024

Highlighted filing

2019

Revenue$702,489
Expenses$452,104
Net Income$250,385
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 28, 2020
Return Version
2019v5.0
Gross Receipts
$847,019
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$251,723$442,522▲ $190,799
Cash and Non-Interest-Bearing Accounts$5,218$82,014▲ $76,796
Accounts Receivable$0$8,311▲ $8,311
Prepaid Expenses and Deferred Charges-$0-
Total Assets$256,941$532,847▲ $275,906
Liabilities
Unsecured Notes Loans Payable$149,842$163,407▲ $13,565
Other Liabilities$-3,872$8,064▲ $11,936
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$145,970$171,471▲ $25,501
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$110,971$361,376▲ $250,405
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$110,971$361,376▲ $250,405
Total Liabilities and Net Assets / Fund Balance$256,941$532,847▲ $275,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$428,340$35,702$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$14,182$1,589$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
David McCannPost Commons ManagerFT$31,315$31,315
Shay MaplesPost Kitchen ManagerFT$21,724$21,724
Kristen GaitherLantern StaffPT$19,022$19,022
Justine McCannPost Event Manager/BaristaFT$18,691$18,691
Lydia JacksonPost BaristaPT$12,425$12,425

Board Members and Trustees

NameTitle
Hugh HalterPresident
Brad BriscoVice President
Jeremy StephensBoard Member
Lucas PulleyBoard Member
Taylor McCallTreasure/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$423,268
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$279,221
All Other Contributions
$423,268
Change in Net Assets
$250,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$221,416
Salaries, Compensation, and Employee Benefits$213,453
Grants and Similar Amounts Paid$17,235
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,276--$110,276
Current Officers, Directors, Trustees, and Key Employees$103,177--$103,177
Other Expenses$25,704$0$0$25,704
Depreciation Depletion-$23,997-$23,997
Grants to Domestic Orgs$17,235--$17,235
Office Expenses-$16,631-$16,631
Travel$14,463--$14,463
Fees for Services Other$7,221$7,222-$14,443
Insurance$5,663$5,663-$11,326
Fees for Services Accounting-$8,335-$8,335
Occupancy$3,573--$3,573
Advertising$2,419--$2,419
Fees for Services Legal-$120-$120
Total Functional Expenses$390,136$61,968$0$452,104
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
Revenue Clearing Account$8,064
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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, Part VI, Section B, Line 11B

“Organization's process to review form 990 the form 990 is provided to the President for review prior to filing.”

Form 990, Part VI, Section B, Line 15

“Compensation process for the top official there is no compensation provided to the officers and/or board members.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation. No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lantern Network
EIN
47-1971599
Phone
2053965324
Address
300 Alby Street, Alton, IL 62002

Signing Officer

Name
Hugh Halter
Title
President
Phone
6184338870
Signed
2020-10-28

Organization Details

Principal Officer
Hugh Halter
Formed
2018
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
15
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“On the 2018 990 the financial activity of the coffee shop (Post Commons) was listed as unrelated business income. That is incorrect and should have been 'related business income'. That return will be amended. The Lantern Network also acquired a home that is designated for community development and recovery for individuals in need.”

Form 990, Part XII, Line 1

“The accounting method has always been accrual but the accountant that completed the 2018 990 stated it incorrectly. That return will be amended to reflect accrual basis.”

Financial Statement Notes

Schedule D, Part VI, Line 1B

“The Post Commons building was donated in 2017 to the organization and is worth $250,000. This year a home was also purchased for $214,042 for the purpose of neighborhood development and to serve as a recovery home to those in need.”

Raw XML AppendixShowing 400 of 445 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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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0398503
IRS990/ReconcilationRevenueExpnssAmt0250385
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0843238
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0423287
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0226138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0649425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0422905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0366919
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0789824
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt01439249
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0846192
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0593057
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt01439249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0846192
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0593057
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01439249
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0428340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt035702
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0464042
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014182
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01589
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt015771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08064
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Revenue Clearing Account
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Post Commons building was donated in 2017 to the organization and is worth $250,000. This year a home was also purchased for $214,042 for the purpose of neighborhood development and to serve as a recovery home to those in need.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part VI, Line 1b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0442522
IRS990ScheduleD/TotalLiabilityAmt08064
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0On the 2018 990 the financial activity of the coffee shop (Post Commons) was listed as unrelated business income. That is incorrect and should have been 'related business income'. That return will be amended. The Lantern Network also acquired a home that is designated for community development and recovery for individuals in need.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's process to review form 990 the form 990 is provided to the President for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation process for the top official there is no compensation provided to the officers and/or board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents disclosure explanation. No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The accounting method has always been accrual but the accountant that completed the 2018 990 stated it incorrectly. That return will be amended to reflect accrual basis.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0256941
IRS990/TotalAssetsEOYAmt0532847
IRS990/TotalAssetsGrp/BOYAmt0256941
IRS990/TotalAssetsGrp/EOYAmt0532847
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0423268
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061968
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0390136
IRS990/TotalFunctionalExpensesGrp/TotalAmt0452104
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145970
IRS990/TotalLiabilitiesEOYAmt0171471
IRS990/TotalLiabilitiesGrp/BOYAmt0145970
IRS990/TotalLiabilitiesGrp/EOYAmt0171471
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0110971
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0361376
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0390136
IRS990/TotalProgramServiceRevenueAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$532,847
Liabilities
$171,471
Net assets
$361,376
Revenue
$702,489
Expenses
$452,104
Net income
$250,385
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.16$0.90$1.10$0.89$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.17$0.48$0.82$0.86$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.07$0.63$0.65$0.94$0.29
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.13$0.90$1.01$0.59$0.42
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.15$0.45$0.52$0.43$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.17$0.36$0.70$0.45$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.15$0.11$0.40$0.40$0.00