Civic Intelligence

Lantern Network Inc

990 • Fiscal year 2023 • EIN 47-1971599

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profilewww.lanternnetworkalton.org
300 Alby StreetAlton, IL 62002

(205) 396-5324

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$642,134

Down $60,409 (-8.6%) from 2022

Net Assets

Down

$475,397

Down $152,526 (-24%) from 2022

Liabilities

Up

$166,737

Up $92,117 (+123%) from 2022

Revenue And Expenses

Revenue

Up

$819,055

Up $165,322 (+25%) from 2022

Expenses

Down

$859,565

Down $84,831 (-9.0%) from 2022

Net Income

Up

-$40,510

Up $250,153 (+86%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$642,134
Liabilities$166,737
Net Assets$475,397
Open 2023 Filing

Operations Trend

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

2023

Revenue$819,055
Expenses$859,565
Net Income-$40,510
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$1,022,902
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$611,780$574,134▼ $37,646
Rtn Earn Endowment Incm Other Fnds$206,129$475,397▲ $269,268
Pd in Cap Srpls Land Bldg Eqp Fund$421,794$0▼ $421,794
Accounts Receivable$23,806$35,249▲ $11,443
Cash and Non-Interest-Bearing Accounts$71,557$32,751▼ $38,806
Receivables From Officers Etc$0--
Cap Stk Tr Prin Current Funds$0$0→ $0
Prepaid Expenses and Deferred Charges$-4,600$0▲ $4,600
Total Assets$702,543$642,134▼ $60,409
Liabilities
Accounts Payable and Accrued Expenses$109,923$113,148▲ $3,225
Other Liabilities$-35,303$53,589▲ $88,892
Total Liabilities$74,620$166,737▲ $92,117
Net Assets / Fund Balance
Total Net Assets Fund Balance$627,923$475,397▼ $152,526
Total Liabilities and Net Assets / Fund Balance$702,543$642,134▼ $60,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$519,283$128,511$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$54,851$20,758$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Taylor McCallTreasure/Secretary/ Board MemberPT$63,400$63,400
David McCannPost Commons ManagerFT$55,797$55,797
Justine CarlsonPost Event Manager/BaristaPT$38,170$38,170
Shea MaplesPost Kitchen ManagerFT$35,208$35,208
Natalie McGeeManagerPT$30,000$30,000
C FleckBarista/ RoasterPT$27,698$27,698
Kristen GaitherLantern StaffPT$21,878$21,878
Lindsey McCallFinancial DirectorPT$18,000$18,000

Board Members and Trustees

NameTitle
Hugh HalterPresident/ Board Member
Jeremy StephensBoard Member
Lucas PulleyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$330,234
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$488,821
All Other Contributions
$330,234
Change in Net Assets
$-40,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$441,227
Other Expenses$397,073
Grants and Similar Amounts Paid$21,265
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$441,227$0$0$441,227
Office Expenses$53,635--$53,635
Other Expenses$32,964$0$0$32,964
Depreciation Depletion$27,994--$27,994
Occupancy$23,400--$23,400
Grants to Domestic Orgs$21,265--$21,265
Insurance$19,291--$19,291
Travel$17,651--$17,651
Advertising$16,929--$16,929
Fees for Services Management$9,482--$9,482
Fees for Services Accounting$1,970--$1,970
Total Functional Expenses$859,565$0$0$859,565
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Forge AmericaFrisco, TX-The Purpose of This Grant Is To Support the Efforts of Our Sister Missional Training and Planting Organization.$12,500
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$40,800
Revenue Clearing$12,789
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 A, Line 2

“Taylor McCall is an employee of Brave Cities (fiscal sponsor) and is on the board and his wife, Lindsey McCall is the Financial Director for the Lantern Network. David McCann and Justine Carlson (both employees) are brother and sister. Hugh Halter President and Board member is married to Cheryl Halter who runs Ri Beag Refuge and daughter Alli Picos is a contractor for Ground Floor Collective.”

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

“The board reviews all of the policy documents.”

Form 990, Part VI, Section B, Line 15

“The process used to establish compensation is based on market rate research and positional needs.”

Form 990, Part VI, Section C, Line 19

“The are not available to the public in general, but can be if requested and will be freely given.”

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
2024-11-13

Organization Details

Principal Officer
Hugh Halter
Formed
2018
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
22
Volunteers
25
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“This change is due to program service losses.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Manager
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Lantern Staff
IRS990/Form990PartVIISectionAGrp/TitleTxt7Financial Director
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IRS990/PYGrantsAndSimilarPaidAmt022400
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0388750
IRS990/PYOtherRevenueAmt0342707
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-290663
IRS990/PYSalariesCompEmpBnftPaidAmt0533246
IRS990/PYTotalExpensesAmt0944396
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0653733
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-40510
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0983780
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0206129
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0475397
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0330234
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0311026
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0735769
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0301836
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0423287
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02102152
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0692668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0521236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0411541
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0288178
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0422905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02336528
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt04438680
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01022902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0832262
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01147310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0590014
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0846192
IRS990ScheduleA/Total509Grp/TotalAmt04438680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01022902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0832262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01147310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0590014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0846192
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04438680
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/BookValueAmt0519283
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0128511
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0647794
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt054851
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020758
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt075609
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
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/Amt040800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Right of Use Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Revenue Clearing
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0574134
IRS990ScheduleD/TotalLiabilityAmt053589
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt012500
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0The Purpose of This Grant Is To Support the Efforts of Our Sister Missional Training and Planting Organization.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Forge America
IRS990ScheduleI/RecipientTable/RecipientEIN0462651049
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 708
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Frisco
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075034
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0To effectively monitor grant funds, the nonprofit establishes clear policies, assigns a dedicated manager, and maintains separate budgets and accounts for each grant. Expenses are pre-approved, tracked in real time, and supported by detailed documentation. We use regular financial reconciliations to help ensure compliance, while timely reporting to keep funders and stakeholders informed. We train our Staff and the use of grant management tools streamline processes, and maintaining strong communication with funders ensures clarity on requirements. Lastly, we evaluate outcomes and aligning activities with grant goals demonstrate accountability and impact.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Taylor McCall is an employee of Brave Cities (fiscal sponsor) and is on the board and his wife, Lindsey McCall is the Financial Director for the Lantern Network. David McCann and Justine Carlson (both employees) are brother and sister. Hugh Halter President and Board member is married to Cheryl Halter who runs Ri Beag Refuge and daughter Alli Picos is a contractor for Ground Floor Collective.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's process to review 990 is sent to the President for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviews all of the policy documents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The process used to establish compensation is based on market rate research and positional needs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The are not available to the public in general, but can be if requested and will be freely given.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5This change is due to program service losses.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$642,134
Liabilities
$166,737
Net assets
$475,397
Revenue
$819,055
Expenses
$859,565
Net income
-$40,510
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