Nonprofit · EIN 47-1971599
LANTERN NETWORK
Tax-exempt (reinstated) · ALTON, IL 62002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,104,338 | $886,814 | $217,524 | $1,054,662 | $158,827 | $895,835 |
| December 31, 2023 | 990 | $819,055 | $859,565 | -$40,510 | $642,134 | $166,737 | $475,397 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $302,655
- Program service revenue
- $801,683
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $9,999
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $427,918
- Salaries, compensation and benefits (total)
- $473,916
- Professional fundraising fees
- $0
- Accounting fees
- $2,642
- Occupancy
- $23,400
- Travel
- $15,817
- Depreciation
- $27,993
- Program services (functional)
- $849,618
- Management and general (functional)
- $17,986
- Fundraising (functional)
- $19,210
Balance sheet and other
- Total assets, start of year
- $642,134
- Total assets, end of year
- $1,054,662
- Total liabilities, end of year
- $158,827
- Net assets, end of year
- $895,835
- Land, buildings and equipment
- $909,764
- Gross receipts
- $1,104,338
- Employees
- 22
- Volunteers
- 40
- Year formed
- 2018
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Taylor McCall | Treasure/Secretary/ Board Member Key employee, Highest-paid employee | 40 | $65,400 |
| David McCann | Post Commons Manager Key employee | 40 | $56,106 |
| John Curtis Sweeney | Post Commons Kitchen Manager Key employee | 40 | $38,790 |
| Grace Sakry | Post Commons Employee Key employee | 40 | $36,123 |
| Justine Carlson | Post Event Manager/Barista Key employee | 25 | $24,055 |
| Ashley Bifano | Event Manager Key employee | 20 | $22,742 |
| Kristen Gaither | Lantern Staff Key employee | 20 | $20,906 |
| Natalie McGee | Manager Key employee | 25 | $19,363 |
| Lindsey McCall | Financial Director Key employee | 20 | $17,986 |
| Hugh Halter | President/ Board Member Officer | 30 | $0 |
| Jeremy Stephens | Board Member Officer | 5 | $0 |
| Rodney Fickas | Board Member/ Soul Craft Manager Officer | 20 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Taylor McCall | Treasure/Secretary/ Board Member Officer | 30 | $63,400 |
| David McCann | Post Commons Manager Key employee | 40 | $55,797 |
| Justine Carlson | Post Event Manager/Barista Key employee | 30 | $38,170 |
| Shea Maples | Post Kitchen Manager Key employee | 40 | $35,208 |
| Natalie McGee | Manager Key employee | 20 | $30,000 |
| C Fleck | Barista/ Roaster Key employee | 30 | $27,698 |
| Kristen Gaither | Lantern Staff Key employee | 20 | $21,878 |
| Lindsey McCall | Financial Director Officer | 20 | $18,000 |
| Hugh Halter | President/ Board Member Officer | 20 | $0 |
| Jeremy Stephens | Board Member Officer | 5 | $0 |
| Lucas Pulley | Board Member Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 300 ALBY ST, ALTON, IL 62002-6251
- In care of
- % HUGH HALTER
- Mailing address (990-N for 2016)
- 305 S CEDARVIEW ST, CARBONDALE IL 62901
- Principal officer (990 for 2024)
- Hugh Halter, 26066 Elsah Hills Drive, Dow, IL 62022
- Principal officer (990-N for 2016)
- Lucas Pulley, 305 S Cedarview St, Carbondale IL 62901
- Signed the 990
- Hugh Halter, President
- Phone
- (205) 396-5324
- Website
- www.lanternnetworkalton.org
Mission
To catalyze business and benevolence into a movement to help a depressed city thrive in all aspects of life.
Program accomplishments
- To be an incubator for "good works" in Alton, IL and the surrounding riverbend area. "Good works" include business incubator, residential and commercial property redevelopment, neighborhood spiritual and social communities, personal and professional life coaching, and social entrepreneurship. This program includes the Post Commons, Idle Roasting, Soul Craft Makers, Ri Beag Refuge, Mission Support, Central house, community development and benevolent activities, and general organization efforts which are all serving the organization mission and scope of activities.Expenses $728,559 · revenue $794,214
- This program supports Brave Cities which is a fiscal sponsor of Lantern Network. The mission of Brave Cities as working with Lantern Network is to locate, train, and equip pioneer leaders to build Kingdom ecosystems wishing existing cities to launch entrepreneurial startups, establish justice works, provide sustainability amount the impoverished, and to help the city thrive in all aspects of life.Expenses $121,059 · revenue $124,323
- Do not have a third program0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1971599
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21)
- Assets (IRS master file)
- $1,054,662
- Income (IRS master file)
- $1,104,338
Revocation and reinstatement
- Exemption revoked
- May 15, 2015
- Posted by the IRS
- February 18, 2016
- Reinstated
- Effective May 15, 2015
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,104,338 | $886,814 | $1,054,662 | XML |
| 990 | December 2023 | $819,055 | $859,565 | $642,134 | XML |
| 990 | December 2022 | $653,733 | $944,396 | $702,543 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Lucas Pulley | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1971599).
Questions about LANTERN NETWORK
- What is the EIN of LANTERN NETWORK?
- The employer identification number (EIN) of LANTERN NETWORK is 47-1971599.
- Is LANTERN NETWORK tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2015 and reinstated it effective May 15, 2015.
- Are donations to LANTERN NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANTERN NETWORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LANTERN NETWORK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LANTERN NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LANTERN NETWORK?
- The 990 for the year ended December 31, 2024 names Hugh Halter.
- Who are the officers and directors of LANTERN NETWORK?
- The 990 for the year ended December 31, 2024 lists 12 people; 9 received compensation from the organization, the highest $65,400 (Taylor McCall, Treasure/Secretary/ Board Member).
- How much revenue does LANTERN NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,104,338, expenses of $886,814 and total assets of $1,054,662 at year end.
Other nonprofits in ALTON
- CHRISTMAS WONDERLAND INC EIN 84-1622778 · last filed 990-EZ for 2026
- WOMENS MINISTRY CENTER NFP EIN 27-2017433 · last filed 990-N for 2025
- UNITED FELLOWSHIP INTERNATIONAL MINISTRIES INC EIN 27-0690047 · last filed 990-N for 2025
- DAVID E PROSSER MINISTRIES EIN 37-1378101 · last filed 990-N for 2025
- TANYA BROWN MINISTRIES EIN 26-4484359 · last filed 990-N for 2025
- FAITHFUL FAMILY PROJECT NFP EIN 84-3007532 · last filed 990-N for 2025
- NEW TESTAMENT BIBLE MINISTRY CHURCH EIN 43-1829702
- ENJOY CHURCH EIN 37-1061788