Civic Intelligence

Luminarts Cultural Foundation at the Union League Club of Chicago

990 • Fiscal year 2022 • EIN 36-2446421

Mar 01, 2021 to Feb 28, 2022 • Filed on May 23, 2022

Organization ProfileWWW.LUMINARTS.ORG
65 West Jackson Rm/Ste 901Chicago, IL 60604

(312) 692-2357

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$168,010

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

57th percentile

4.4%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

51%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$2,688,483

Up $113,886 (+4.4%) from 2021

Net Assets

Up

$2,676,301

Up $241,839 (+9.9%) from 2021

Liabilities

Down

$12,182

Down $127,953 (-91%) from 2021

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin80th percentile

Revenue

Up

$1,017,926

Up $345,646 (+51%) from 2021

Expenses

Up

$710,147

Up $24,926 (+3.6%) from 2021

Net Income

Up

$307,779

Up $320,720 (+2478%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $2,131,563Liabilities 2019: $33,629Net Assets 2019: $2,097,9342019Assets 2020: $2,060,827Liabilities 2020: $21,944Net Assets 2020: $2,038,8832020Assets 2021: $2,574,597Liabilities 2021: $140,135Net Assets 2021: $2,434,4622021Assets 2022: $2,688,483Liabilities 2022: $12,182Net Assets 2022: $2,676,3012022Assets 2023: $3,055,011Liabilities 2023: $4,646Net Assets 2023: $3,050,3652023Assets 2024: $2,910,039Liabilities 2024: $24,398Net Assets 2024: $2,885,6412024Assets 2025: $2,856,288Liabilities 2025: $28,249Net Assets 2025: $2,828,0392025

Highlighted filing

2022

Assets$2,688,483
Liabilities$12,182
Net Assets$2,676,301
Open 2022 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2019: $559,419Expenses 2019: $654,758Net Income 2019: -$95,3392019Revenue 2020: $630,243Expenses 2020: $687,569Net Income 2020: -$57,3262020Revenue 2021: $672,280Expenses 2021: $685,221Net Income 2021: -$12,9412021Revenue 2022: $1,017,926Expenses 2022: $710,147Net Income 2022: $307,7792022Revenue 2023: $1,851,663Expenses 2023: $860,258Net Income 2023: $991,4052023Revenue 2024: $487,916Expenses 2024: $928,011Net Income 2024: -$440,0952024Revenue 2025: $568,667Expenses 2025: $766,825Net Income 2025: -$198,1582025

Highlighted filing

2022

Revenue$1,017,926
Expenses$710,147
Net Income$307,779
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
May 23, 2022
Return Version
2021v4.0
Gross Receipts
$1,496,480
Mission and Program Overview

Mission

The luminarts cultural foundation cultivates chicago's vibrant arts community by supporting exemplary young artists through its competitive programs that offer financial awards, artistic opportunities, and mentoring that bridge the gap between education and career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,117,514$2,135,122▲ $17,608
Savings and Temporary Cash Investments$218,505$243,901▲ $25,396
Cash and Non-Interest-Bearing Accounts$163,785$225,297▲ $61,512
Accounts Receivable$22,474$16,921▼ $5,553
Pledges and Grants Receivable-$10,000-
Prepaid Expenses and Deferred Charges$4,627$5,700▲ $1,073
Land, Buildings, and Equipment, Net$192$4,042▲ $3,850
Total Assets$2,574,597$2,688,483▲ $113,886
Other Assets Total$47,500$47,500→ $0
Liabilities
Other Liabilities$105,200--
Deferred Revenue$21,978--
Accounts Payable and Accrued Expenses$12,957$12,182▼ $775
Total Liabilities$140,135$12,182▼ $127,953
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,401,139$1,475,978▲ $74,839
Net Assets With Donor Restrictions$1,033,323$1,200,323▲ $167,000
Total Net Assets Fund Balance$2,434,462$2,676,301▲ $241,839
Total Liabilities and Net Assets / Fund Balance$2,574,597$2,688,483▲ $113,886

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$37,967$37,967
Equipment$4,042$809$4,851

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,033,323---$1,033,323
2020$1,033,323---$1,033,323
2019$1,033,323---$1,033,323
2018$1,033,323---$1,033,323
2017$1,033,323---$1,033,323
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason KalajainenExecutive DiFT$168,010$168,010
Jason KalajainenExecutive Director-$168,010$168,010

Board Members and Trustees

NameTitle
William RichardsPresident
Alyssa QuinlanDirector
Ardena FlippinDirector
Celine FitzgeraldDirector
Daniel NorthDirector
Eric BoydDirector
Frank De VincentisDirector
Gretchen BurchDirector
Julia DohertyDirector
Kyle MackeyDirector
Kylie KrizekDirector
Leslie McmillanDirector
Linda JakubsDirector
Lionel GoDirector
Mark ArizmendiDirector
Matt OlavesonDirector
Michael GoodeDirector
Myrna KaplanDirector
Richard DoermerDirector
Sarah De BlasioDirector
Scott FortmanDirector
Stephan J SchlegelDirector
Thomas KarabaDirector
Tope SadikuDirector
Dr Sally Metzler1st Vice Pr
Julianna Tancredi2 Nd Vice Pr
Robert KreismanGeneral Coun
Cherilyn MurerPast Preside
Dr Lew WattsSecretary
Michael Del CampoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$592,030
Program Service Revenue
$0
Investment Income
$232,673
Other Revenue
$193,223
All Other Contributions
$579,180
Change in Net Assets
$307,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,017,926
Revenue Not Reported on Form 990
$-41,940
Total Revenue per Audited Statements
$975,986
Total Revenue per Form 990
$1,017,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$374,071
Grants and Similar Amounts Paid$194,728
Other Expenses$141,348
Total Fundraising Expense$121,986
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$194,728--$194,728
Current Officers, Directors, Trustees, and Key Employees$98,123$25,377$45,678$169,178
Other Salaries and Wages$86,406$22,346$40,223$148,975
Payroll Taxes$14,035$3,629$6,534$24,198
Other Employee Benefits$12,862$3,326$5,987$22,175
Office Expenses-$2,615$14,755$17,370
All Other Expenses-$17,162-$17,162
Pension Plan Contributions$5,536$1,432$2,577$9,545
Conferences and Meetings-$2,664$6,232$8,896
Other Expenses$7,700$20,938-$7,700
Insurance-$2,481-$2,481
Travel-$1,866-$1,866
Depreciation Depletion-$1,001-$1,001
Total Functional Expenses$441,155$147,006$121,986$710,147

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$734,147
Expenses per Audited Statements$710,147
Total Expenses per Form 990$710,147
Expenses Not Reported on Form 990$24,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$200,458
Fundraising Direct Expenses$62,435
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Next Begins Now$200,458$200,458$62,435$138,023
Total Events$200,458$200,458$62,435$138,023
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is shared with the executive committee for review and feedback and distributed to the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board members are asked annually to review and sign the conflict of interest statement.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee serves as the human resource committee.”

Form 990, Page 6, Part VI, Line 15B

“The officers receive no compensation for their services to the foundation.”

Form 990, Page 6, Part VI, Line 19

“All financial documents are retained and are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Luminarts Cultural Foundation
EIN
36-2446421
Phone
3126922357
Address
65 WEST JACKSON RM/STE 901, CHICAGO, IL 60604

Signing Officer

Name
Jason Kalajainen
Title
Executive Director
Phone
3124277800
Signed
2022-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Kalajainen
Formed
1949
Legal Domicile
Il
Voting Board Members
30
Independent Board Members
30
Employees
3

Preparer

Firm
Kopczyk Osher & Scott CPA Services
Address
4415 HARRISON ST STE 552, HILLSIDE, IL 60162-1911
Preparer
Rodney C Scott
Phone
3125270111
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The luminarts cultural foundation cultivates chicago's vibrant arts community by supporting exemplary young artists through its competitive programs that offer financial awards, artistic opportunities, and mentoring that bridge the gap between education and career.”

Form 990, Page 1, Part I, Line 6

“Board members are all volunteer”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). There was no unrelated business income or unrecognized tax benefits for the years ended february 28, 2022, and february 28, 2021. Each of the foundation's prior three years remains subject to examination by the internal revenue service. The foundation has evaluated its tax positions for all open tax years. Based on the evaluation of the foundation's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended february 28, 2022, and february 28, 2021.”

Raw XML AppendixShowing 400 of 632 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012957
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012182
IRS990/AccountsReceivableGrp/BOYAmt022474
IRS990/AccountsReceivableGrp/EOYAmt016921
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE LUMINARTS CULTURAL FOUNDATION CULTIVATES CHICAGO'S VIBRANT ARTS COMMUNITY BY SUPPORTING EXEMPLARY YOUNG ARTISTS THROUGH ITS COMPETITIVE PROGRAMS THAT OFFER FINANCIAL AWARDS, ARTISTIC OPPORTUNITIES, AND MENTORING THAT BRIDGE THE GAP BETWEEN EDUCATION AND CAREER.
IRS990/AllOtherContributionsAmt0579180
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt017162
IRS990/AllOtherExpensesGrp/TotalAmt017162
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JASON KALAJAINEN
IRS990/BooksInCareOfDetail/PhoneNum03126922357
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt065 WEST JACKSON
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060604
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0163785
IRS990/CashNonInterestBearingGrp/EOYAmt0225297
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt045678
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt025377
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt098123
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0169178
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt06232
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02664
IRS990/ConferencesMeetingsGrp/TotalAmt08896
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0592030
IRS990/CYGrantsAndSimilarPaidAmt0194728
IRS990/CYInvestmentIncomeAmt0232673
IRS990/CYOtherExpensesAmt0141348
IRS990/CYOtherRevenueAmt0193223
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0307779
IRS990/CYSalariesCompEmpBnftPaidAmt0374071
IRS990/CYTotalExpensesAmt0710147
IRS990/CYTotalFundraisingExpenseAmt0121986
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01017926
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt021978
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01001
IRS990/DepreciationDepletionGrp/TotalAmt01001
IRS990/Desc0THE LUMINARTS CULTURAL FOUNDATION CULTIVATES CHICAGO'S VIBRANT ARTS COMMUNITY BY SUPPORTING EXEMPLARY YOUNG ARTISTS THROUGH ITS COMPETITIVE PROGRAMS THAT OFFER FINANCIAL AWARDS, ARTISTIC OPPORTUNITIES, AND MENTORING THAT BRIDGE THE GAP BETWEEN EDUCATION AND CAREER.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01033323
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01200323
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0441155
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt162.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt172.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt182.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt192.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt202.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt212.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt222.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt232.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt242.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt252.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt262.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt272.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt282.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt292.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd27X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd29X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM RICHARDS
IRS990/Form990PartVIISectionAGrp/PersonNm1DR SALLY METZLER
IRS990/Form990PartVIISectionAGrp/PersonNm2JULIANNA TANCREDI
IRS990/Form990PartVIISectionAGrp/PersonNm3CHERILYN MURER
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL DEL CAMPO
IRS990/Form990PartVIISectionAGrp/PersonNm5DR LEW WATTS
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT KREISMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7MYRNA KAPLAN
IRS990/Form990PartVIISectionAGrp/PersonNm8FRANK DE VINCENTIS
IRS990/Form990PartVIISectionAGrp/PersonNm9ERIC BOYD
IRS990/Form990PartVIISectionAGrp/PersonNm10TOPE SADIKU
IRS990/Form990PartVIISectionAGrp/PersonNm11LIONEL GO
IRS990/Form990PartVIISectionAGrp/PersonNm12CELINE FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm13ALYSSA QUINLAN
IRS990/Form990PartVIISectionAGrp/PersonNm14SARAH DE BLASIO
IRS990/Form990PartVIISectionAGrp/PersonNm15MARK ARIZMENDI
IRS990/Form990PartVIISectionAGrp/PersonNm16LINDA JAKUBS
IRS990/Form990PartVIISectionAGrp/PersonNm17MATT OLAVESON
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL GOODE
IRS990/Form990PartVIISectionAGrp/PersonNm19RICHARD DOERMER
IRS990/Form990PartVIISectionAGrp/PersonNm20KYLE MACKEY
IRS990/Form990PartVIISectionAGrp/PersonNm21STEPHAN J SCHLEGEL
IRS990/Form990PartVIISectionAGrp/PersonNm22GRETCHEN BURCH
IRS990/Form990PartVIISectionAGrp/PersonNm23THOMAS KARABA
IRS990/Form990PartVIISectionAGrp/PersonNm24SCOTT FORTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm25LESLIE MCMILLAN
IRS990/Form990PartVIISectionAGrp/PersonNm26DANIEL NORTH
IRS990/Form990PartVIISectionAGrp/PersonNm27KYLIE KRIZEK
IRS990/Form990PartVIISectionAGrp/PersonNm28ARDENA FLIPPIN
IRS990/Form990PartVIISectionAGrp/PersonNm29JULIA DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm30JASON KALAJAINEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30168010
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt22 ND VICE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6GENERAL COUN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01949
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt062435
IRS990/FundraisingGrossIncomeAmt0200458
IRS990/GainOrLossGrp/SecuritiesAmt0151350
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GovernmentGrantsAmt012850
IRS990/GrantAmt0194728
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0194728
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0194728
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0567469
IRS990/GrossReceiptsAmt01496480
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02481
IRS990/InsuranceGrp/TotalAmt02481
IRS990/InvestmentIncomeGrp/ExclusionAmt081323
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt081323
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02117514
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02135122
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038776
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0192
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04042
IRS990/LandBldgEquipCostOrOtherBssAmt042818
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0416119
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE LUMINARTS CULTURAL FOUNDATION CULTIVATES CHICAGO'S VIBRANT ARTS COMMUNITY BY SUPPORTING EXEMPLARY YOUNG ARTISTS THROUGH ITS COMPETITIVE PROGRAMS THAT OFFER FINANCIAL AWARDS, ARTISTIC OPPORTUNITIES, AND MENTORING THAT BRIDGE THE GAP BETWEEN EDUCATION AND CAREER.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02434462
IRS990/NetAssetsOrFundBalancesEOYAmt02676301
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0151350
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0151350
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0138023
IRS990/NetUnrlzdGainsLossesInvstAmt0-65940
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01401139
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01475978
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt014755
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02615
IRS990/OfficeExpensesGrp/TotalAmt017370
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt047500
IRS990/OtherAssetsTotalGrp/EOYAmt047500
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05987
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03326
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012862
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022175
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3EVENTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042169
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120938
IRS990/OtherExpensesGrp/ProgramServicesAmt021765
IRS990/OtherExpensesGrp/ProgramServicesAmt17700
IRS990/OtherExpensesGrp/TotalAmt042169
IRS990/OtherExpensesGrp/TotalAmt121765
IRS990/OtherExpensesGrp/TotalAmt220938
IRS990/OtherExpensesGrp/TotalAmt37700
IRS990/OtherLiabilitiesGrp/BOYAmt0105200
IRS990/OtherRevenueMiscGrp/Desc0PPP FORGIVABLE ADVANCE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt055200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt055200
IRS990/OtherRevenueTotalAmt055200
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt040223
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022346

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,688,483
Liabilities
$12,182
Net assets
$2,676,301
Revenue
$1,017,926
Expenses
$710,147
Net income
$307,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.86$0.03$2.83$0.57$0.77$0.20
2024Detailed filing. Detailed filing data is available for this year.$2.91$0.02$2.89$0.49$0.93$0.44
2023Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.05$1.85$0.86$0.99
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.01$2.68$1.02$0.71$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.57$0.14$2.43$0.67$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.06$0.02$2.04$0.63$0.69$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.13$0.03$2.10$0.56$0.65$0.10