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Nonprofiteer
← LUMINOS FUND

Form 990 for tax year 2022

Filed by LUMINOS FUND.

Totals

Total revenue
$8,018,871
Total expenses
$6,992,865
Contributions and grants received
$8,018,871
Grants paid
$3,063,162
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$12,992,092
Total liabilities, end of year
$213,862
Net assets or fund balances, end of year
$12,778,230
Program services expenses (Part IX)
$6,011,456
Management and general expenses
$565,747
Fundraising expenses
$415,662
Program service expenses (Part III)
$6,011,456

Program services were 86.0% 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

    $8,018,871

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $161,624 · program services $161,624

  • 3 · Grants to foreign organizations and individuals

    total $2,901,538 · program services $2,901,538

  • 5 · Compensation of officers, directors and key employees

    total $496,922 · program services $151,109 · management and general $215,103 · fundraising $130,710

  • 7 · Other salaries and wages

    total $996,834 · program services $740,602 · management and general $133,736 · fundraising $122,496

  • 8 · Pension plan contributions

    total $17,069 · program services $9,900 · management and general $3,287 · fundraising $3,882

  • 9 · Other employee benefits

    total $81,032 · program services $46,995 · management and general $15,607 · fundraising $18,430

  • 10 · Payroll taxes

    total $73,675 · program services $32,881 · management and general $23,325 · fundraising $17,469

  • 11c · Fees: accounting

    total $44,891 · program services $4,539 · management and general $40,352

  • 11g · Fees: other

    total $205,913 · program services $155,709 · management and general $50,204

  • 12 · Advertising and promotion

    total $94,246 · program services $40,514 · management and general $3,268 · fundraising $50,464

  • 13 · Office expenses

    total $123,977 · program services $46,930 · management and general $62,991 · fundraising $14,056

  • 16 · Occupancy

    total $87,618 · program services $65,490 · management and general $12,945 · fundraising $9,183

  • 17 · Travel

    total $172,179 · program services $137,815 · management and general $1,327 · fundraising $33,037

  • 23 · Insurance

    total $15,862 · program services $8,325 · management and general $3,602 · fundraising $3,935

  • 24a · Other expenses: PROGRAM DELIVERY

    total $1,519,485 · program services $1,507,485 · fundraising $12,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,752,462 · end of year $8,841,590

  • 3 · Pledges and grants receivable

    beginning of year $6,058,795 · end of year $4,069,225

  • 4 · Accounts receivable

    beginning of year $1,203 · end of year $4,741

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,972 · end of year $59,549

  • 15 · Other assets

    beginning of year $42,901 · end of year $16,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,849 · end of year $213,862

  • 27 · Net assets without donor restrictions

    beginning of year $6,062,459 · end of year $8,987,089

  • 28 · Net assets with donor restrictions

    beginning of year $5,729,025 · end of year $3,791,141

Mission and programs · 2022

Mission

THE LUMINOS FUND PROVIDES TRANSFORMATIVE EDUCATION PROGRAMS TO THOUSANDS OF OUT-OF-SCHOOL CHILDREN, HELPING THEM TO CATCH UP TO GRADE LEVEL, REINTEGRATE INTO GOVERNMENT SCHOOLS, AND PREPARE FOR LIFELONG LEARNING.

Activities or mission (Part I)

PROVIDES TRANSFORMATIVE EDUCATION PROGRAMS TO THOUSANDS OF OUT-OF-SCHOOL CHILDREN.

  • LUMINOS PROVIDES TRANSFORMATIVE EDUCATION PROGRAMS TO THOUSANDS OF OUT-OF-SCHOOL CHILDREN, HELPING THEM TO CATCH UP TO GRADE LEVEL, REINTEGRATE INTO GOVERNMENT SCHOOLS, AND PREPARE FOR LIFELONG LEARNING. LUMINOS WAS FOUNDED TO ENSURE ALL CHILDREN HAVE EQUAL ACCESS TO JOYFUL, FOUNDATIONAL LEARNING, ESPECIALLY THOSE SHUT OUT OF EDUCATION BY CRISIS, POVERTY, OR DISCRIMINATION. THEIR VISION IS OF A WORLD WHERE NO CHILD IS EVER DENIED THE CHANCE TO LEARN. TO DATE, LUMINOS HAS SERVED 218,541 CHILDREN ACROSS ETHIOPIA, GHANA, LIBERIA, LEBANON, AND THE GAMBIA. AS LUMINOS SCALES PIONEERING NEW APPROACHES TO BRING QUALITY EDUCATION TO CHILDREN IN THE GREATEST NEED, THEY WORK TOGETHER WITH LOCAL GOVERNMENTS TO DRIVE SYSTEMS-LEVEL CHANGE.

    Expenses $6,011,456 · Grants $3,063,162

As filed on the 2022 return.

Listed in Part VII

  • Caitlin Baron

    CEO

    Total calculated
    $326,774
    From this org
    $279,126
    From related orgs
    $0
    Other
    $47,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,500
    Bonus
    $16,626
    Other
    $0
    Deferred
    $8,374
    Nontaxable benefits
    $39,274
    Filer's total
    $326,774

  • Anh Le

    SR. DIR. OF FINANCE AND ADMIN

    Total calculated
    $149,748
    From this org
    $125,000
    From related orgs
    $0
    Other
    $24,748
    Hours/week
    40

  • Kwame Akyeampong

    DIRECTOR (AS OF 12/22)

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alan McCormick

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Philip Vassiliou

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • George Werner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Atje Drexler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erin Ganju

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • GENEVA GLOBAL INC

    $161,624

    PROJECTS WITHIN ETHIOPIA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349307276

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