Lanterns Global Inc
Nonprofit profile at a glance
- EIN
- 850842918
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2021
- Location
- Carpinteria, CA, USA
- Phone
- 8053144533
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $380,081
- Expenses
- $384,266
- Assets
- $27,702
- Liabilities
- $36,788
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- SAUL MORENO (EXECUTIVE DIRECTOR/ CEO)
Highest reported compensation
- SAUL MORENO (EXECUTIVE DIRECTOR/ CEO): $21,284 total reported compensation
- MEGAN MORENO (SECRETARY): $19,383 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lanterns global inc provides the following activities on a domestic and global basis. 1 create and provide educational enrichment programs in general educational studies languages sciences and other educational disciplines (continued on schedule o)to assist both children and adults go deeper in a field and be lifelong learners; 2 design and implement educational programs and skills based learning opportunities for at-risk children low-income and or marginalized individuals and other individuals and groups with economic physical spiritual and or emotional needs; and 3 develop and sustain hands-on educational and agricultural programs that promote teach and implement sustainable land use environmental and agricultural practices.
What it reported doing in 2024
Indonesia education and service programthe organization conducted international educational and service initiatives in indonesia, including providing free teacher training seminars for rural educators, facilitating educational outreach programs for local children, and supporting environmental stewardship efforts such as community recycling education and waste reduction projects. In partnership with local organizations, the program also included structured service-learning experiences in which u.s. College students traveled to indonesia to participate in supervised volunteer service, cross-cultural education, and community development activities. (continued on schedule o)these activities included assisting with village-based community improvement projects and hands-on service work, including physical labor in support of local needs. Participating students raised funds to support the costs associated with travel and program implementation. The program primarily served educators, students, and community members in indonesia while promoting global education, service, and cultural exchange.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 55
- Accountability: 68
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.8%; rating input score 73
- Program expense ratio: 72%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 17th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 1.33; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 10.6%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 32.5% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 35.2% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 51.2% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 72.8% of revenue deployed · 72% of spending went to programs
- Governance: 3 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $277K in reported program spending
- Leadership: top reported pay $21K · 5 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 7 filed schedules · includes major donors and foreign activity
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 28/100.