Nonprofit · EIN 85-2126429
LANTERN NETWORK
Also known as THE LANTERN
Tax-exempt · BRENTWOOD, TN 37027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $354,937 | $306,440 | $48,497 | $126,036 | $337 | $125,699 |
| December 31, 2023 | 990 | $263,786 | $237,278 | $26,508 | $90,486 | $8,298 | $82,188 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $346,137
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $5,020
- Other revenue
- $8,800
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $78,000
- Other salaries and wages
- $577
- Salaries, compensation and benefits (total)
- $84,851
- Professional fundraising fees
- $0
- Occupancy
- $7,757
- Travel
- $9,436
- Program services (functional)
- $180,899
- Management and general (functional)
- $113,276
- Fundraising (functional)
- $12,265
Balance sheet and other
- Total assets, start of year
- $90,486
- Total assets, end of year
- $126,036
- Total liabilities, end of year
- $337
- Net assets, end of year
- $125,699
- Net assets without donor restrictions
- $125,698
- Gross receipts
- $354,937
- Employees
- 2
- Volunteers
- 10
- Year formed
- 2020
- State of legal domicile
- TN
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 |
|---|---|---|---|
| Tracy Davis | Executive Director Highest-paid employee | 60 | $78,000 |
| Erwin Raphael | Chair Officer | 1 | $0 |
| Francis Price | Board Member Officer | 1 | $0 |
| Jerry Heuer | Board Member Officer | 1 | $0 |
| Marilyn Raphael | Board Member Officer | 1 | $0 |
| Festus Ayeni | Board Member Officer | 1 | $0 |
| Sam Raphael | Board Member Officer | 1 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracy Raphael | Executive Director Trustee or director | 60 | $72,000 |
| Rickyah Blake | Program Manager Key employee | 30 | $35,139 |
Address and contacts
- Address (IRS master file)
- 330 FRANKLIN RD STE 135 A-253, BRENTWOOD, TN 37027-3280
- In care of
- % ERWIN RAPHAEL
- Mailing address (990-N for 2021)
- 9254 Carrisbrook Lane, Brentwood TN 37027
- Principal officer (990 for 2024)
- Erwin Raphael, 9254 Carrisbrook Lane, Brentwood, TN 37027
- Principal officer (990-N for 2021)
- Erwin Thomas Raphael, 9254 Carrisbrook Lane, Brentwood TN 37027
- Signed the 990
- Tracy Raphel, Executive Director
- Phone
- (334) 391-3886
- Website
- www.lanternnetwork.org
- Return prepared by
- Financial Resources Group
Mission
a public charity to provide mentorship and entrepreneurship for underestimated American youth
Program accomplishments
- Connecting our target audience with industry professionals showing the powerful impact of our mentor-mentee partnershipsExpenses $98,423
- Expenses $16,888
- Expenses $65,588
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
- 85-2126429
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $126,036
- Income (IRS master file)
- $354,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $354,937 | $306,440 | $126,036 | XML |
| 990 | December 2023 | $263,786 | $237,278 | $90,486 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Erwin Thomas Raphael | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Erwin Thomas Raphael | December 31, 2020 | ≤ $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 85-2126429).
Questions about LANTERN NETWORK
- What is the EIN of LANTERN NETWORK?
- The employer identification number (EIN) of LANTERN NETWORK is 85-2126429.
- Is LANTERN NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- 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 Erwin Raphael.
- Who are the officers and directors of LANTERN NETWORK?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $78,000 (Tracy Davis, Executive Director).
- How much revenue does LANTERN NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $354,937, expenses of $306,440 and total assets of $126,036 at year end.
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