Overview
What is Lantern Books Inc?
Lantern Books Inc, located in Richland, Pennsylvania, is a small nonprofit organization with a mission to distribute inspirational and religious literature. With a workforce of just four individuals, they sell their literature through book racks in 245 independent retail stores nationwide. Their primary objective is to provide the general public with uplifting literature, aiming to enrich and inspire individuals through the written word.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating reflects a strong emphasis on Accountability & Finance, indicating that Lantern Books Inc demonstrates solid financial practices and governance.
The organization boasts a perfect score for having a majority of independent board members and maintains a small, fully independent board. It has demonstrated transparency by documenting board meeting minutes and has a well-structured conflict of interest policy. This commitment to governance is evident in their effective management of assets and liabilities, indicating a reliable financial footing.
Despite its strengths, the organization’s overall score is solely based on the Accountability & Finance beacon, which may limit insight into its overall performance and effectiveness in achieving its mission. However, with a high program expense ratio of 96.85%, it shows a significant investment in its programs rather than administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Lantern Books Inc legitimate?
Lantern Books Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lantern Books Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,318
For more financial information, click here
What is the mission statement of Lantern Books Inc?
Lantern Books Inc's mission is centered around providing inspirational literature for the general public. They strive to offer literature that uplifts and enriches the lives of many, serving as a reliable source for inspirational and religious literature. This is accomplished through the strategic placement of book racks in independent retail stores, allowing easy access for the public to explore and purchase these inspiring titles.
Who is the CEO of Lantern Books Inc?
Jeremy Slaymaker is the Secretary of Lantern Books Inc.
What is the revenue of Lantern Books Inc?
Lantern Books Inc's revenue in 2022 was $190,281.
Who are the executives of Lantern Books Inc and what are their salaries?
The average compensation at Lantern Books Inc during 2022 was $31,330. There are 4 employees and 5 volunteers at Lantern Books Inc.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Lantern Books Inc?
Lantern Books Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lantern Books Inc
Lantern Books Inc, a noteworthy entity, is dedicated to providing wholesome and inspiring literature for the general public. The organization's primary mission is to curate and distribute literary works that uplift spirits and nourish souls. This is achieved through the strategic placement of inspirational and religious books in over 245 independent retail stores. Lantern Books Inc serves as a bridge, connecting seekers of inspiration with thought-provoking and enriching literature, thereby enriching the literary landscape for the general public.
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Impact
October, 2024
Lantern Books Inc significantly contributes to the accessibility of wholesome and inspirational literature for the general public. By selling inspirational and religious literature through book racks in 245 independent retail stores, the organization reaches diverse audiences and fosters a culture of reading that emphasizes positive values and spirituality. Their mission enhances community engagement and promotes personal growth through literature, making meaningful, uplifting content readily available to individuals seeking guidance and inspiration. This initiative not only supports local businesses but also cultivates a reading environment that enriches the lives of those who encounter their offerings.
This information is meant to be a general summary of Lantern Books Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10
- Gross Receipts: $456,080
Assets and Liabilities:
- Total Assets: $239,838
- Total Liabilities: $14,665
- Net Assets: $225,173
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Organization Details
Founding Year
2005
Phone
(717) 273-7602Principal Officer
Jeremy Slaymaker
Main Address
4A BORDNER RD, RICHLAND, PA, 17087
NTEE Category
Code: X20 - Religion related
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