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Nonprofiteer
← LUMINARY LEARNING NETWORK

Form 990 for tax year 2023

Filed by LUMINARY LEARNING NETWORK.

Totals

Total revenue
$577,674
Total expenses
$583,349
Contributions and grants received
$250,000
Grants paid
$0
Program service revenue
$327,674
Investment income
$0
Other revenue
$0
Total assets, end of year
$820,624
Total liabilities, end of year
$93,908
Net assets or fund balances, end of year
$726,716
Program services expenses (Part IX)
$499,044
Management and general expenses
$73,046
Fundraising expenses
$11,259
Program service expenses (Part III)
$499,044

Program services were 85.5% 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

    $250,000

  • 2a · Program service revenue: FEES FOR SERVICES

    total $327,674 · related or exempt $327,674

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $205,726 · program services $174,867 · management and general $24,687 · fundraising $6,172

  • 7 · Other salaries and wages

    total $133,552 · program services $113,519 · management and general $16,026 · fundraising $4,007

  • 9 · Other employee benefits

    total $7,469 · program services $6,349 · management and general $896 · fundraising $224

  • 10 · Payroll taxes

    total $28,550 · program services $24,267 · management and general $3,427 · fundraising $856

  • 11c · Fees: accounting

    total $20,790 · management and general $20,790

  • 13 · Office expenses

    total $2,128 · management and general $2,128

  • 14 · Information technology

    total $6,386 · program services $4,983 · management and general $1,403

  • 19 · Conferences, conventions and meetings

    total $30,854 · program services $30,854

  • 23 · Insurance

    total $3,484 · management and general $3,484

  • 24a · Other expenses: SCHOOL BASED SUPPORT

    total $133,725 · program services $133,725

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $8,439 · program services $8,234 · management and general $205

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $2,246 · program services $2,246

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $741,633 · end of year $817,624

  • 4 · Accounts receivable

    beginning of year $89

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,000 · end of year $3,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,331 · end of year $32,508

  • 19 · Deferred revenue

    end of year $61,400

  • 27 · Net assets without donor restrictions

    beginning of year $732,391 · end of year $726,716

Mission and programs · 2023

Mission

THE LLN BRINGS TOGETHER A GROUP OF DIVERSE-BY-DESIGN SCHOOLS THAT ARE COMMITTED TO PROVIDING UNIQUE AND DYNAMIC LEARNING EXPERIENCES FOR ALL STUDENTS, INCLUDING THOSE HISTORICALLY UNDERSERVED, WHILE EMPOWERING TEACHERS, LEADERS AND COMMUNITY MEMBERS AS STEWARDS OF EXCELLENT SCHOOLS THAT SUPPORT THE SUCCESS OF DPS AS A COLLECTIVE.

  • THE LLN SIGNIFICANTLY INCREASES THE ABILITY OF EACH OF ITS MEMBER SCHOOLS TO ALLOCATE RESOURCES AND TO TAILOR STRATEGIES AND APPROACHES TO MEET THE UNIQUE NEEDS OF THEIR COMMUNITIES. THE LLN SUPPORTS SIX SCHOOLS SERVING 2,110 STUDENTS. IN PARTNERSHIP WITH DENVER PUBLIC SCHOOLS, THE LLN ENSURES THAT SCHOOLS HAVE THE OPERATIONAL AND FINANCIAL AUTONOMY AND FLEXIBILITY THEY NEED IN ORDER TO EXECUTE THEIR INNOVATION PLANS WITH FIDELITY AND CUSTOMIZE THEIR EDUCATIONAL MODEL IN ORDER TO BEST SERVE STUDENTS. IN ADDITION, THE LLN PROVIDES EXECUTIVE COACHING, SCHOOL REVIEWS, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ALL MEMBER SCHOOLS.

    Expenses $499,044 · Revenue $327,674

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

Listed in Part VII

  • Amanda Bailey Holyfield

    EXECUTIVE DI

    Total calculated
    $181,732
    From this org
    $174,400
    From related orgs
    $0
    Other
    $7,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,400
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $7,332
    Filer's total
    $181,732

  • Kristopher Blythe

    SENIOR DIREC

    Total calculated
    $123,976
    From this org
    $123,976
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tyler Mounsey

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Frank Coyne

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sharmila Mann

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Molly Yost

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Prudence Daniels

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jh Sava

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrea Keglovits

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Grant Zarret

    BOARD MEMBER

    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 · Compensation survey or study
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 October 2024
IRS schema version
2023v5.0
Source object
202412839349300716

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