Overview
What is Lantern Network?
Lantern Network is a nonprofit organization situated in Alton, Illinois, with a focus on revitalizing the local community. Their initiatives encompass various aspects, including a business incubator, property redevelopment, spiritual and social community building, life coaching, and social entrepreneurship. Notable projects under their umbrella include Post Commons, Idle Roasting, Soul Craft Makers, and Ri Beag Refuge. Additionally, they engage in mission support, community development, and benevolent activities. Lantern Network aims to foster a collective movement that promotes business growth and community betterment, ultimately contributing to the overall thriving of the city. They currently employ 23 individuals in their efforts.
Official website here: www.postcommons.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Lantern Network has achieved an impressive 96% score, reflecting strong performance in accountability and finance, which is crucial for potential donors. The organization maintains a high level of transparency and fiscal responsibility, as evidenced by its 100% Accountability & Finance score. This commitment is further highlighted by various policies in place, such as a whistleblower policy and conflict of interest policy, ensuring ethical governance.
The organization boasts a majority independent board, which enhances its credibility and decision-making processes. Additionally, the program expense ratio stands at an exceptional 99.47%, indicating that nearly all funds are directed towards its programs rather than administrative costs. This focus on efficient fund allocation is a significant strength that is likely to reassure supporters about the impact of their contributions.
Despite these strengths, no specific limitations were noted in the data provided, which further emphasizes the organization's robust operational and financial practices. Overall, Lantern Network is positioned as a trustworthy nonprofit committed to effective service delivery and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lantern Network?
82% of 903 reviewers on Facebook recommend Lantern Network. Here is a summary of their reviews:
While many reviews focus on the enjoyable food and beverage experience, it's important to note that this nonprofit is celebrated for creating a welcoming community atmosphere. Patrons appreciate the vibrant brunch options and quality drinks, suggesting that the organization successfully fosters social connections through a shared dining experience.
Overall, there is a positive sentiment regarding the experiences offered, indicating that people feel fulfilled and satisfied when they engage with Lantern Network. The focus on community and quality service resonates well with those who visit.
This AI summary has been generated from reviews found on Facebook.
Is Lantern Network legitimate?
Lantern Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lantern Network 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: $533,246
For more financial information, click here
Official website here: www.postcommons.com
What is the mission statement of Lantern Network?
The Lantern Network's mission is to stimulate both business and philanthropy, transforming them into a unified force to revitalize a struggling city. By serving as an incubator for "good works," the organization aims to foster various initiatives, such as business incubation, property redevelopment, spiritual and social community building, life coaching, and social entrepreneurship. This comprehensive approach includes projects like the Post Commons, Idle Roasting, Soul Craft Makers, Ri Beag Refuge, and numerous community development and benevolent activities, all contributing to the organization's mission of promoting overall city improvement.
Official website here: www.postcommons.com
Who is the CEO of Lantern Network?
Hugh Halter is the President/ Board Member of Lantern Network.
Official website here: www.postcommons.com
What is the revenue of Lantern Network?
Lantern Network's revenue in 2022 was $653,733.
Official website here: www.postcommons.com
Who are the executives of Lantern Network and what are their salaries?
The average compensation at Lantern Network during 2022 was $23,185. There are 23 employees and 30 volunteers at Lantern Network.
Here are 10 key members and their salaries:
- Compensation: $138,000
- Related: $0
- Other: $0
- Compensation: $58,500
- Related: $0
- Other: $0
- Compensation: $47,928
- Related: $0
- Other: $0
- Compensation: $37,635
- Related: $0
- Other: $0
- Compensation: $36,152
- Related: $0
- Other: $0
- Compensation: $31,517
- Related: $0
- Other: $0
- Compensation: $22,902
- Related: $0
- Other: $0
- Compensation: $18,541
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.postcommons.com
Where can I find the form 990 for Lantern Network?
Lantern Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.postcommons.com
Learn more at the official website: www.postcommons.com
Mission Statement of Lantern Network
Lantern Network, a nonprofit organization, is committed to initiating a collaborative effort between business and benevolence with the aim of revitalizing a struggling city. Their mission is to transform this city's landscape, encompassing all facets of life, by serving as a catalyst for positive change. This involves various initiatives, including a business incubator, the redevelopment of residential and commercial properties, the establishment of spiritual and social communities, life coaching, and the promotion of social entrepreneurship.
The organization's activities extend beyond these, encompassing initiatives such as Idle Roasting, Soul Craft Makers, and Ri Beag Refuge. These programs contribute to the city's revitalization by providing opportunities for community development and benevolent activities. Furthermore, Lantern Network offers resources like Mission Support, Central House, and general organization efforts to support and advance its mission. This multifaceted approach aims to foster growth and prosperity in the city, ultimately helping it to thrive in all aspects of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lantern Network's impact is seen in its efforts to catalyze business and benevolence into a movement that helps a depressed city thrive in all aspects of life. This includes acting as an incubator for various "good works" in Alton, IL and the surrounding riverbend area. Through initiatives such as business incubation, property redevelopment, community building, coaching, and social entrepreneurship, Lantern Network is working to uplift the local community and foster positive change. Its range of activities, including programs like Post Commons, Idle Roasting, and Soul Craft Makers, all contribute to the organization's goal of revitalizing the area and promoting holistic well-being.
This information is meant to be a general summary of Lantern Network. 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.
- Gross Receipts: $832,262
Assets and Liabilities:
- Total Assets: $702,543
- Total Liabilities: $74,620
- Net Assets: $627,923
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(205) 396-5324Principal Officer
Hugh Halter
Main Address
300 Alby Street, Alton, IL, 62002
Website
www.postcommons.comNTEE Category
Code: X21 - Religion related
If you are a representative of Lantern Network and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.