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Nonprofiteer
← LUNAR INC

Form 990 for tax year 2023

Filed by LUNAR INC.

Totals

Total revenue
$186,924
Total expenses
$628,660
Contributions and grants received
$140,035
Grants paid
$177,989
Program service revenue
$46,859
Investment income
$30
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$532,924
Management and general expenses
$59,759
Fundraising expenses
$35,977
Program service expenses (Part III)
$532,924

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $140,035

  • 2a · Program service revenue: EVENT SPONSORSHIP

    total $38,459 · related or exempt $38,459

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $8,400 · related or exempt $8,400

  • 3 · Investment income

    total $30 · excluded $30

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $161,439 · program services $161,439

  • 2 · Grants to domestic individuals

    total $16,550 · program services $16,550

  • 5 · Compensation of officers, directors and key employees

    total $106,369 · program services $77,650 · management and general $14,891 · fundraising $13,828

  • 7 · Other salaries and wages

    total $80,374 · program services $58,672 · management and general $11,253 · fundraising $10,449

  • 9 · Other employee benefits

    total $20,778 · program services $15,168 · management and general $2,909 · fundraising $2,701

  • 10 · Payroll taxes

    total $13,939 · program services $10,176 · management and general $1,951 · fundraising $1,812

  • 11a · Fees: management

    total $187,473 · program services $161,227 · management and general $22,497 · fundraising $3,749

  • 12 · Advertising and promotion

    total $1,130 · program services $995 · management and general $90 · fundraising $45

  • 13 · Office expenses

    total $3,555 · program services $498 · management and general $2,986 · fundraising $71

  • 16 · Occupancy

    total $2,048 · program services $1,577 · management and general $410 · fundraising $61

  • 17 · Travel

    total $169 · program services $169

  • 23 · Insurance

    total $864 · program services $181 · management and general $657 · fundraising $26

  • 24a · Other expenses: EQUIPMENT AND SOFTWARE

    total $12,443 · program services $7,093 · management and general $2,115 · fundraising $3,235

  • 24b · Other expenses: EVENTS

    total $11,316 · program services $11,316

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,213 · program services $10,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $428,850 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $23,258 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,341 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $3,800

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,800

  • 10c · Land, buildings and equipment, net

    beginning of year $3,800 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $979 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,492

  • 27 · Net assets without donor restrictions

    beginning of year $121,736 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $320,000 · end of year $0

Mission and programs · 2023

Mission

LUNAR STARTUPS IS CREATING EQUITABLE ENTREPRENEURIAL ECOSYSTEMS BY PROVIDING EDUCATION, SUPPORT, AND CONNECTIVITY TO LEADERS WHO IDENTIFY AS BIPOC, WOMEN, LGBTQ, AND ARE FOUNDING HIGH-IMPACT VENTURES WITH THE GOAL OF BUILDING COMMUNITY WEALTH AND DEVELOPING ENTREPRENEURIAL CAPABILITIES.

Activities or mission (Part I)

PROVIDE EDUCATION AND SUPPORT FOR ENTREPRENEURS IDENTIFYING AS WOMEN, BLACK, INDIGENOUS, PEOPLE OF COLOR (BIPOC), AND LGBTQ+ IN ORDER TO ELIMINATE PREJUDICE AND DISCRIMINATION IN THE ENTREPRENEURIAL ECOSYSTEM.

  • IN 2023, LUNAR EXECUTED THE FOURTH VIRTUAL AND SIXTH FULL COHORT SERVING 18 ENTREPRENEURS. LUNAR'S TEAM, INCLUDING THE PROGRAM MANAGER AND DEVELOPMENT MANAGER, ADDED CRITICAL CAPACITY. LUNAR'S SIXTH COHORT BROUGHT THE TOTAL PORTFOLIO TO 77 COMPANIES AND GAVE LUNAR THE STATISTICALLY SIGNIFICANT DATA TO FINALIZE THE ACCELERATOR METHODOLOGY. LUNAR ALSO FINISHED PHASE THREE OF AN IMPACT ASSESSMENT THAT ANALYZED THE ECONOMIC IMPACT OF THE COHORT COMPANIES IN MINNESOTA. TO DATE, LUNAR ALUMNI HAVE CREATED MORE THAN $237 MILLION IN ECONOMIC IMPACT FOR MINNESOTA.

    Expenses $532,924 · Grants $177,989 · Revenue $46,859

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcus Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrea Davila

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Tyree Burks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Danielle Steer

    EXECUTIVE DIRECTOR/SECRETA

    Total calculated
    $107,425
    From this org
    $107,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jade Denson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.1
Source object
202442649349300909

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