Nonprofit · EIN 85-0713747
LANTERN FOUNDATION
Tax-exempt · HICKORY, NC 28602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,955,936 | $3,043,394 | -$87,458 | $313,715 | $104 | $313,611 |
| December 31, 2023 | 990 (amended) | $3,433,995 | $3,635,871 | -$201,876 | $401,069 | $0 | $401,069 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,955,936
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,955,496
- Compensation of officers, directors and key employees
- $121,974
- Other salaries and wages
- $381,458
- Salaries, compensation and benefits (total)
- $576,833
- Professional fundraising fees
- $0
- Accounting fees
- $34,482
- Occupancy
- $8,998
- Travel
- $99,825
- Program services (functional)
- $2,644,378
- Management and general (functional)
- $193,963
- Fundraising (functional)
- $205,053
Balance sheet and other
- Total assets, start of year
- $401,069
- Total assets, end of year
- $313,715
- Total liabilities, end of year
- $104
- Net assets, end of year
- $313,611
- Gross receipts
- $2,955,936
- Employees
- 13
- Volunteers
- 23
- Year formed
- 2020
- State of legal domicile
- NC
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 |
|---|---|---|---|
| KORRIN MOON | PRESIDENT Trustee or director, Officer | 40 | $121,974 |
| STEVE BIONDO | CHAIRMAN Trustee or director | 5 | $0 |
| JENNIFER STRICKLAND | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAVID HODGES | DIRECTOR Trustee or director | 5 | $0 |
| KYLE ROOSEN | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL HICKS | PRESIDENT Trustee or director, Officer | 40 | $153,600 |
| KORRIN MOON | VICE PRESIDENT/PRESIDENT Trustee or director, Officer | 40 | $88,000 |
| ROBERT BOYD | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| STEVE BIONDO | CHAIRMAN Trustee or director | 5 | $0 |
| JENNIFER STRICKLAND | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAVID HODGES | DIRECTOR Trustee or director | 5 | $0 |
| BRANDI COOK | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2359 HIGHWAY 20 SE 240, HICKORY, NC 28602-0000
- Principal officer (990 for 2024)
- KORRIN MOON, 2359 HWY 20 SE 240, HICKORY, NC 28602
- Signed the 990
- KORRIN MOON, PRESIDENT
- Phone
- (815) 719-3548
- Website
- LANTERNRESCUE.ORG
- Return prepared by
- APRIO ADVISORY GROUP LLC
Mission
UNITE WITH NATIONS TO RESCUE THE EXPLOITED, THE PERSECUTED AND THE DISPLACED.
Program accomplishments
- SELECTED AND TRAINED TASK FORCE MEMBERS THAT RESCUED VICTIMS OF HUMAN TRAFFICKING IN VARIOUS AREAS SUCH AS CENTRAL AMERICA AND THE CARRIBBEAN, EUROPE, SOUTH AMERICA, SUB-SAHARAN AFRICA, AND NORTH AFRICA.Expenses $2,183,532 · grants $1,544,249
- RESCUING THOSE FACED WITH PERSECUTION IN ASIA, THE PACIFIC AND MIDDLE EAST.Expenses $255,500 · grants $246,000
- PROVIDED HUMANITARIAN AID IN COUNTRIES IN CRISIS OR WAR.Expenses $169,998 · grants $165,247
- PROVIDING VICTIM CARE SERVICESExpenses $35,348
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
- 85-0713747
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X01)
- Assets (IRS master file)
- $313,715
- Income (IRS master file)
- $2,955,936
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,955,936 | $3,043,394 | $313,715 | XML |
| 990 | December 2023 | $3,433,995 | $3,635,871 | $401,069 | XML |
| 990 | December 2022 | $2,589,339 | $2,171,697 | $602,945 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
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 85-0713747).
Questions about LANTERN FOUNDATION
- What is the EIN of LANTERN FOUNDATION?
- The employer identification number (EIN) of LANTERN FOUNDATION is 85-0713747.
- Is LANTERN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LANTERN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANTERN FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended December 31, 2024 names KORRIN MOON.
- Who are the officers and directors of LANTERN FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $121,974 (KORRIN MOON, PRESIDENT).
- How much revenue does LANTERN FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,955,936, expenses of $3,043,394 and total assets of $313,715 at year end.
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