The Lantern Project
The Lantern Project is a public charity focused on public and societal benefit, based in Abilene, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $465K in total assets.
The Lantern Project at a glance
- Total assets
- $464,764
- +5.5% vs 2024
- Revenue (2025)
- $148,253
- +10.4% vs 2024
- Expenses (2025)
- $123,889
- +38.8% vs 2024
- Latest 990 filing
- Form 990-EZ, 2025 View filing
Data from IRS Form 990-EZ, 2025; updated September 2026.
Who The Lantern Project funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How The Lantern Project gives
- Giving grew 376% from 2019 to 2022. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $11K (2021) to $143K (2022). In 2022 it made 4 grants totaling $143K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Safe Families for Children Chicago, IL | Grant to Support Local Family Services. | $65,100 |
| Christian Homes & Family Services Abilene, TX | To provide funding to help support for family services. | $33,100 |
| Noah Project Muskegon, MI | Grant to Support Local Women in Need. | $32,250 |
| Global Samaritan Resources Abilene, TX | Grant to support logistics and shipping costs for foreign missions relief. | $12,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $464,764 | $148,253 | $123,889 | — | — |
| 2024 | $440,400 | $134,250 | $89,264 | — | — |
| 2023 | $395,414 | $30,049 | $85,241 | — | — |
| 2022 | $450,606 | $97,926 | $177,383 | $142,950 | 4 |
| 2021 | $530,063 | $39,744 | $17,034 | $10,910 | 1 |
| 2020 | $507,353 | $38,575 | $81,166 | $58,113 | 3 |
| 2019 | $549,944 | $1,880 | $49,084 | $30,000 | 1 |
Leadership & Key People
Officers and directors from IRS filings
The Lantern Project is led by Cody Forsberg, President since 2024 (on filings since 2019); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Cody Forsberg
President
Treasurer → President, 2024
On filings since 2019
1 hr/week
No compensation reported
Lauren Whitener
Vice President
On filings since 2024
1 hr/week
No compensation reported
Former officers (3)
- Former: Kevin Porter (2019–2023) — President
- Former: Pam Langley (2019–2023) — Secretary
- Former: Ronald Johnson (2019–2023) — Vice President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Lantern Project
How large is The Lantern Project?
The Lantern Project reported $465K in total assets on its 2025 IRS Form 990-EZ. Its revenue that year was $148K.
What is The Lantern Project?
The Lantern Project is a public charity focused on public and societal benefit, based in Abilene, TX. It holds $465K in total assets as of 2025.
Where does The Lantern Project operate?
The Lantern Project has awarded grants in Illinois, Michigan, North Carolina, Texas.
What is The Lantern Project's EIN?
The Lantern Project's EIN (Employer Identification Number) is 47-1403943. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 19, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 20, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 30, 2023)
- Updated Form 990-EZ for fiscal year 2023 (received by the IRS August 1, 2024)
- Updated Form 990-EZ for fiscal year 2024 (received by the IRS October 10, 2025)
- Updated Form 990-EZ for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in The Lantern Project's focus areas in our free grants database
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Figures come from The Lantern Project's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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