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Nonprofiteer
← LUMINOS FUND

Form 990 for tax year 2024

Filed by LUMINOS FUND.

Totals

Total revenue
$14,330,335
Total expenses
$11,429,764
Contributions and grants received
$14,134,934
Grants paid
$4,478,983
Program service revenue
$0
Investment income
$195,401
Other revenue
$0
Total assets, end of year
$17,743,962
Total liabilities, end of year
$381,452
Net assets or fund balances, end of year
$17,362,510
Program services expenses (Part IX)
$9,699,911
Management and general expenses
$1,160,454
Fundraising expenses
$569,399
Program service expenses (Part III)
$9,699,911

Program services were 84.9% 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

    $14,134,934

  • 3 · Investment income

    total $195,401 · excluded $195,401

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 3 · Grants to foreign organizations and individuals

    total $4,428,983 · program services $4,428,983

  • 5 · Compensation of officers, directors and key employees

    total $554,929 · program services $179,327 · management and general $223,976 · fundraising $151,626

  • 7 · Other salaries and wages

    total $2,166,232 · program services $1,562,580 · management and general $456,688 · fundraising $146,964

  • 8 · Pension plan contributions

    total $27,446 · program services $10,475 · management and general $13,049 · fundraising $3,922

  • 9 · Other employee benefits

    total $139,672 · program services $60,721 · management and general $61,055 · fundraising $17,896

  • 10 · Payroll taxes

    total $103,369 · program services $36,642 · management and general $47,357 · fundraising $19,370

  • 11c · Fees: accounting

    total $60,167 · program services $23,171 · management and general $36,996

  • 11g · Fees: other

    total $69,210 · program services $16,827 · management and general $50,383 · fundraising $2,000

  • 12 · Advertising and promotion

    total $83,461 · program services $32,466 · management and general $3,691 · fundraising $47,304

  • 13 · Office expenses

    total $186,662 · program services $87,428 · management and general $96,993 · fundraising $2,241

  • 16 · Occupancy

    total $123,036 · program services $68,964 · management and general $45,947 · fundraising $8,125

  • 17 · Travel

    total $220,494 · program services $134,892 · management and general $30,586 · fundraising $55,016

  • 23 · Insurance

    total $15,873 · management and general $15,873

  • 24a · Other expenses: PROGRAM DELIVERY

    total $3,200,230 · program services $3,007,435 · management and general $77,860 · fundraising $114,935

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,740,084 · end of year $1,100,638

  • 2 · Savings and temporary cash investments

    end of year $10,395,401

  • 3 · Pledges and grants receivable

    beginning of year $5,752,357 · end of year $6,001,301

  • 4 · Accounts receivable

    beginning of year $36,821 · end of year $8,502

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,120 · end of year $201,838

  • 14 · Intangible assets

    beginning of year $140,614 · end of year $20,826

  • 15 · Other assets

    beginning of year $31,900 · end of year $15,456

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,457 · end of year $360,626

  • 25 · Other liabilities

    beginning of year $140,614 · end of year $20,826

  • 27 · Net assets without donor restrictions

    beginning of year $7,555,270 · end of year $9,386,980

  • 28 · Net assets with donor restrictions

    beginning of year $7,000,555 · end of year $7,975,530

Mission and programs · 2024

Mission

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 377,407 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 $9,699,911 · Grants $4,478,983

As filed on the 2024 return.

Listed in Part VII

  • Kwame Akyeampong

    DIRECTOR

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

  • George Werner

    DIRECTOR, SECRETARY

    Total calculated
    $7,300
    From this org
    $7,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Atje Drexler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Vassiliou

    DIRECTOR, CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Erin Ganju

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Guy Cave

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tara Wondraczek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caitlin Baron

    CEO

    Total calculated
    $379,066
    From this org
    $325,212
    From related orgs
    $0
    Other
    $53,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,125
    Bonus
    $39,087
    Other
    $0
    Deferred
    $9,756
    Nontaxable benefits
    $44,098
    Filer's total
    $379,066

  • Anh Le

    SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION

    Total calculated
    $148,163
    From this org
    $115,192
    From related orgs
    $0
    Other
    $32,971
    Hours/week
    40

  • Kelly Tanner-Backenroth

    GLOBAL PEOPLE OFFICER

    Total calculated
    $170,798
    From this org
    $131,625
    From related orgs
    $0
    Other
    $39,173
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $131,625
    Bonus
    $0
    Other
    $0
    Deferred
    $3,949
    Nontaxable benefits
    $35,224
    Filer's total
    $170,798

  • Michael Stulman

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $137,025
    From this org
    $131,625
    From related orgs
    $0
    Other
    $5,400
    Hours/week
    40

  • Catherine Montelbano

    ASSOCIATE DIRECTOR OF FINANCE

    Total calculated
    $155,883
    From this org
    $126,563
    From related orgs
    $0
    Other
    $29,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,563
    Bonus
    $0
    Other
    $0
    Deferred
    $3,797
    Nontaxable benefits
    $25,523
    Filer's total
    $155,883

  • Maretta Silverman

    VICE PRESIDENT OF DEVELOPMENT & COMMUNICATIONS

    Total calculated
    $125,729
    From this org
    $119,216
    From related orgs
    $0
    Other
    $6,513
    Hours/week
    40

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE BELOW INDIVIDUAL RECEIVED A BONUS IN CALENDAR YEAR 2024. THIS BONUS WAS NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE ORGANIZATION: CAITLIN BARON - $39,087

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349303425

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