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Nonprofiteer
← LANTERN ORGANIZATION INC

Form 990 for tax year 2024

Filed by LANTERN ORGANIZATION INC.

Totals

Total revenue
$20,764,803
Total expenses
$18,508,922
Contributions and grants received
$8,463,710
Grants paid
$0
Program service revenue
$12,226,730
Investment income
$74,363
Other revenue
$0
Total assets, end of year
$57,031,398
Total liabilities, end of year
$23,224,031
Net assets or fund balances, end of year
$33,807,367
Program services expenses (Part IX)
$16,831,776
Management and general expenses
$1,677,146
Fundraising expenses
$0
Program service expenses (Part III)
$16,831,776

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTOPHER BENSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • RAFAL MARKWAT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • ROBERT CHERVENAK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SEBASTIAN PALMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • NATHANIEL WICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ROBIN D'SOUZA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DANIEL KENT

    PRESIDENT

    Total calculated
    $318,184
    From this org
    $300,000
    From related orgs
    $0
    Other
    $18,184
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $18,184
    Nontaxable benefits
    $0
    Filer's total
    $318,184
  • LESLEY HANSON

    VP OF LEASING & COMP

    Total calculated
    $136,350
    From this org
    $135,000
    From related orgs
    $0
    Other
    $1,350
    Hours/week
    35
  • JUDY PARK

    CONTROLLER

    Total calculated
    $161,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $21,000
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $0
    Other
    $0
    Deferred
    $21,000
    Nontaxable benefits
    $0
    Filer's total
    $161,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
30 June 2025
IRS schema version
2024v5.2
Source object
202531969349301123

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