Nonprofit · EIN 85-2811749
LANTERN PROJECT INC
Tax-exempt · CONCORD, NC 28025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $433,074 | $371,498 | $61,576 | $125,218 | $11,374 | $113,844 |
| December 31, 2023 | 990 | $321,078 | $268,810 | $52,268 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $433,074
- of which government grants
- $100,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $187,877
- Compensation of officers, directors and key employees
- $48,000
- Other salaries and wages
- $56,616
- Salaries, compensation and benefits (total)
- $113,720
- Professional fundraising fees
- $0
- Legal fees
- $423
- Occupancy
- $10,500
- Program services (functional)
- $187,877
- Management and general (functional)
- $151,990
- Fundraising (functional)
- $31,631
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $125,218
- Total liabilities, end of year
- $11,374
- Net assets, end of year
- $113,844
- Net assets without donor restrictions
- $113,844
- Gross receipts
- $433,074
- Employees
- 0
- Volunteers
- 50
- 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 |
|---|---|---|---|
| Simon Arkley | President Officer, Highest-paid employee | 40 | $48,000 |
| Daniel Michiels | Treasurer Officer | 5 | $0 |
| Rick Phillips | Secretary Officer | 2 | $0 |
| Jonathan Jacobs | Director Trustee or director | 2 | $0 |
| Simon Pfister | Director Trustee or director | 2 | $0 |
| Joey Johnson | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Simon Arkley | President Officer, Highest-paid employee | 40 | $0 | $37,000 |
| Megan Stirewalt | Employee Key employee | 30 | $0 | $24,250 |
Address and contacts
- Address (IRS master file)
- 57 UNION ST S STE 124, CONCORD, NC 28025-5266
- In care of
- % DANIEL MICHIELS
- Mailing address (990-N for 2021)
- 11 Union St S Ste 103, Concord NC 28025
- Principal officer (990 for 2024)
- Simon Arkley, 57 Union St S, Concord, NC 28025
- Principal officer (990-N for 2021)
- Simon Arkley, 5511 Weddington Rd, Concord NC 28027
- Signed the 990
- Simon Arkley, President
- Phone
- (704) 305-0229
- Website
- www.thelantern.net
- Return prepared by
- D Michiels CPA PLLC
Mission
To combat human trafficking through preventative education, victim identification and aftercare by utilizing safe houses and promoting victim restoration and empowerment.
Program accomplishments
- Direct Assistance- Victims of human trafficking are indentified and provided direct assistance in the form of secure and survivor focused temporary housing.Expenses $187,877
- Trafficking Prevention- Providing trafficking and exploitation prevention resources to the general public through customized education models, digital resources and in person education and training.0
- Victim Identification- Identiying victims of human trafficking through partnerships with local businesses, organizations and law enforcement while empowering them to identify, report and assist.0
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
- 85-2811749
- 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)
- Crime and legal-related (I73)
- Assets (IRS master file)
- $125,218
- Income (IRS master file)
- $433,074
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $433,074 | $371,498 | $125,218 | IRS |
| 990 | December 2023 | $321,078 | $268,810 | $0 | XML |
| 990-N for 2021 Officer: Simon Arkley | December 31, 2021 | ≤ $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 85-2811749).
Questions about LANTERN PROJECT INC
- What is the EIN of LANTERN PROJECT INC?
- The employer identification number (EIN) of LANTERN PROJECT INC is 85-2811749.
- Is LANTERN PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LANTERN PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LANTERN PROJECT INC 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 PROJECT INC 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 PROJECT INC 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 PROJECT INC?
- The 990 for the year ended December 31, 2024 names Simon Arkley.
- Who are the officers and directors of LANTERN PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $48,000 (Simon Arkley, President).
- How much revenue does LANTERN PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $433,074, expenses of $371,498 and total assets of $125,218 at year end.
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All nonprofits in CONCORD · North Carolina · Crime and legal-related