Civic Intelligence

The Speed School Fund

990 • Fiscal year 2023 • EIN 36-4817073

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

71 Commercial Street 232Boston, MA 02109

(781) 333-8317

Siviq Scores

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

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

13th percentile

0.03x

Higher debt load relative to revenue than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$343,096

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$14,874,896

Up $1,882,804 (+14%) from 2022

Net Assets

Up

$14,555,825

Up $1,777,595 (+14%) from 2022

Liabilities

Up

$319,071

Up $105,209 (+49%) from 2022

Revenue

Up

$11,533,486

Up $3,514,615 (+44%) from 2022

Expenses

Up

$9,768,661

Up $2,775,796 (+40%) from 2022

Net Income

Up

$1,764,825

Up $738,819 (+72%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $2,733,501Liabilities 2016: $243,800Net Assets 2016: $2,489,7012016Assets 2017: $3,388,661Liabilities 2017: $318,776Net Assets 2017: $3,069,8852017Assets 2018: $4,839,085Liabilities 2018: $65,092Net Assets 2018: $4,773,9932018Assets 2019: $8,462,428Liabilities 2019: $115,034Net Assets 2019: $8,347,3942019Assets 2020: $9,325,417Liabilities 2020: $94,321Net Assets 2020: $9,231,0962020Assets 2021: $11,864,333Liabilities 2021: $72,849Net Assets 2021: $11,791,4842021Assets 2022: $12,992,092Liabilities 2022: $213,862Net Assets 2022: $12,778,2302022Assets 2023: $14,874,896Liabilities 2023: $319,071Net Assets 2023: $14,555,8252023Assets 2024: $17,743,962Liabilities 2024: $381,452Net Assets 2024: $17,362,5102024

Highlighted filing

2023

Assets$14,874,896
Liabilities$319,071
Net Assets$14,555,825

Operations Trend

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

$15M$10M$5.0M$0Revenue 2016: $6,167,018Expenses 2016: $3,677,317Net Income 2016: $2,489,7012016Revenue 2017: $4,910,175Expenses 2017: $4,329,991Net Income 2017: $580,1842017Revenue 2018: $4,619,198Expenses 2018: $2,915,090Net Income 2018: $1,704,1082018Revenue 2019: $6,343,913Expenses 2019: $2,776,246Net Income 2019: $3,567,6672019Revenue 2020: $4,097,339Expenses 2020: $3,340,007Net Income 2020: $757,3322020Revenue 2021: $6,889,780Expenses 2021: $4,205,577Net Income 2021: $2,684,2032021Revenue 2022: $8,018,871Expenses 2022: $6,992,865Net Income 2022: $1,026,0062022Revenue 2023: $11,533,486Expenses 2023: $9,768,661Net Income 2023: $1,764,8252023Revenue 2024: $14,330,335Expenses 2024: $11,429,764Net Income 2024: $2,900,5712024

Highlighted filing

2023

Revenue$11,533,486
Expenses$9,768,661
Net Income$1,764,825
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$11,533,486
Mission and Program Overview

Mission

See schedule othe luminos fund is dedicated to creating education innovations to unlock the light within every child. By developing and scaling innovative approaches to learning for the most vulnerable children, we're able to work at the margins of the education system, in a space where we can create real change. As we scale pioneering, new approaches to bring quality education to children in the greatest need, we work together with local governments to drive systems-level change.

Provides transformative education programs to thousands of out-of-school children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,841,590$8,740,084▼ $101,506
Pledges and Grants Receivable$4,069,225$5,752,357▲ $1,683,132
Prepaid Expenses and Deferred Charges$59,549$188,899▲ $129,350
Intangible Assets-$140,614-
Accounts Receivable$4,741$36,821▲ $32,080
Total Assets$12,992,092$14,874,896▲ $1,882,804
Other Assets Total$16,987$16,121▼ $866
Liabilities
Accounts Payable and Accrued Expenses$213,862$178,457▼ $35,405
Other Liabilities$0$140,614▲ $140,614
Total Liabilities$213,862$319,071▲ $105,209
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,987,089$7,555,270▼ $1,431,819
Net Assets With Donor Restrictions$3,791,141$7,000,555▲ $3,209,414
Total Net Assets Fund Balance$12,778,230$14,555,825▲ $1,777,595
Total Liabilities and Net Assets / Fund Balance$12,992,092$14,874,896▲ $1,882,804
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin BaronCEOFT$278,250$64,846$343,096
Anh LeSenior Director of Finance & Admin.FT$144,000$25,068$169,068
Maretta SilvermanVP of Development & CommunicationsFT$152,500$15,935$168,435
Kaitlynn SaldanhaDirector of Research & DevelopmentFT$122,361$14,139$136,500
Michael StulmanDirector of CommunicationsFT$125,000$5,078$130,078
Kwame AkyeampongDirector-$20,400-$20,400
George WernerSecretary-$7,750-$7,750

Board Members and Trustees

NameTitle
Philip VassiliouChair & Treasurer
Atje DrexlerDirector
Erin GanjuDirector
Guy CaveDirector
Alan MccormickDirector (until 12/23)

Highest Paid Contractors

ContractorServicesLocationCompensation
Rippling Payments INCPayroll Management Services430 CALIFORNIA STREET 11TH FLOOR, San Francisco, CA 94104, Uk$199,362
Kirsty NewmanProgram Management ServicesPO BOX 689, San Francisco, CA 94104, Gh$141,670
Education Assessment And Research CentreProgram Data Evaluation ServicesLOT 188 NORWOOD HOUSING SCHEME, Montego Bay, Jm$134,257
Donnalee DonaldsonProgram Management Services-$128,496
Idinsight INCProgram Data Evaluation Services-$123,750
Revenue and Support

Revenue Composition

Contributions and Grants
$11,533,486
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,533,486
Change in Net Assets
$1,764,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,533,486
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,533,486
Total Revenue per Form 990
$11,533,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,908,937
Other Expenses$3,552,482
Salaries, Compensation, and Employee Benefits$2,307,242
Total Fundraising Expense$448,334
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$3,858,937--$3,858,937
Other Expenses$2,358,255-$34,029$2,392,284
Other Salaries and Wages$1,109,642$255,606$148,019$1,513,267
Current Officers, Directors, Trustees, and Key Employees$165,389$237,688$137,238$540,315
Fees for Services Other$297,225$43,828-$341,053
Travel$262,089$12,279$42,025$316,393
Office Expenses$117,816$88,771$13,611$220,198
Other Employee Benefits$60,084$41,189$19,159$120,432
Advertising$101,619$5,543$12,915$120,077
Payroll Taxes$46,247$39,260$21,568$107,075
Occupancy$69,012$17,110$10,406$96,528
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Accounting$21,586$24,830-$46,416
Pension Plan Contributions$13,048$8,945$4,160$26,153
Insurance$7,808$6,521$5,204$19,533
Total Functional Expenses$8,538,757$781,570$448,334$9,768,661

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,768,661
Total Expenses per Audited Statements$9,768,661
Total Expenses per Form 990$9,768,661
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norwegian Refugee Council USAWashington, DC501(c)(3)Projects Within Other Organization$50,000

International Summary

Offices
1
Employees
10
Spending
$3,858,937

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Grantmaking-00$3,371,136
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,GrantmakingProgram Support00$455,078
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program Services-110$32,723
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$140,614
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, Part VI, Section B, Line 11B

The form 990 is prepared in conjunction with the external auditors of the organization. When complete, it is sent electronically to the board of directors for review before it is finalized and filed with the irs.

Form 990, Part VI, Section B, Line 12C

The organization has a comprehensive conflict of interest policy that includes a definition of what conflict of interest means, processes to notify relevant parties, procedures to recuse conflicted individuals, and processes to document the steps that were taken. Each board member is required to complete an annual conflict of interest statement. The signed statements are reviewed by the board and retained on file.

Form 990, Part VI, Section B, Line 15

The board of directors has determined compensation for the organization's ceo and any other officers or key employees, as applicable.

Form 990, Part VI, Section C, Line 19

Luminos fund makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Luminos Fund
EIN
36-4817073
Phone
7813338317
Address
71 COMMERCIAL STREET 232, BOSTON, MA 02109

Signing Officer

Name
Caitlin Baron
Title
CEO
Phone
6102540000
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caitlin Baron
Formed
2015
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
5
Employees
14
Volunteers
4

Preparer

Firm
Cohnreznick Llp
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net foreign currency transaction gain 12,770.

Financial Statement Notes

PART X, LINE 2:

Luminos fund is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Luminos fund (liberia) is exempt from federal income taxes pursuant to the revenue and finance law, liberian code of laws revised, volume vi, as amended. Luminos fund (ghana) lbg is exempt from federal income taxes pursuant to the matrimonial causes act 367, 1971; amendment instrument, 2012; l.i. 2191; non-profit organization policy (2020) and directives for the management of the non-profit organizations operations in ghana (2020). Accordingly, no provision or liability for income taxes has been recorded in the combined financial statements. Management has analyzed the tax positions taken by the organization and has concluded that, as of december 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. The organization has no unrecognized income tax benefits at december 31, 2023. In addition, the organization has no income tax related penalties or interest for the periods reported in these combined financial statements. While no income tax returns are currently being examined by the internal revenue service, tax years since 2020 remain open.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4122361
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt520400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt67750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SENIOR DIR. OF FINANCE & ADMIN.
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OF DEVELOPMENT & COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIR. OF RESEARCH & DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (UNTIL 12/23)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt03908937
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt050000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt050000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011533486
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt05204
IRS990/InsuranceGrp/ManagementAndGeneralAmt06521
IRS990/InsuranceGrp/ProgramServicesAmt07808
IRS990/InsuranceGrp/TotalAmt019533
IRS990/IntangibleAssetsGrp/EOYAmt0140614
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LUMINOS 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt012778230
IRS990/NetAssetsOrFundBalancesEOYAmt014555825
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08987089
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07555270
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt010406
IRS990/OccupancyGrp/ManagementAndGeneralAmt017110
IRS990/OccupancyGrp/ProgramServicesAmt069012
IRS990/OccupancyGrp/TotalAmt096528
IRS990/OfficeExpensesGrp/FundraisingAmt013611
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt088771
IRS990/OfficeExpensesGrp/ProgramServicesAmt0117816
IRS990/OfficeExpensesGrp/TotalAmt0220198
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016987
IRS990/OtherAssetsTotalGrp/EOYAmt016121
IRS990/OtherChangesInNetAssetsAmt012770
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt019159
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt041189
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt060084
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0120432
IRS990/OtherExpensesGrp/Desc0PROGRAM DELIVERY
IRS990/OtherExpensesGrp/FundraisingAmt034029
IRS990/OtherExpensesGrp/ProgramServicesAmt02358255
IRS990/OtherExpensesGrp/TotalAmt02392284
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0140614
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0148019
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0255606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01109642
IRS990/OtherSalariesAndWagesGrp/TotalAmt01513267
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt021568
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039260
IRS990/PayrollTaxesGrp/ProgramServicesAmt046247
IRS990/PayrollTaxesGrp/TotalAmt0107075
IRS990/PensionPlanContributionsGrp/FundraisingAmt04160
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08945
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013048
IRS990/PensionPlanContributionsGrp/TotalAmt026153
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04069225
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05752357
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt059549
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0188899
IRS990/PrincipalOfficerNm0CAITLIN BARON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08018871
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03063162
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02264171
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01026006
IRS990/PYSalariesCompEmpBnftPaidAmt01665532
IRS990/PYTotalExpensesAmt06992865
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08018871
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01764825
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt011533486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08018871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06889780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04097339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06343913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt036883389
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89630
IRS990ScheduleA/PublicSupportPY170Pct00.97500
IRS990ScheduleA/PublicSupportTotal170Amt033059526
IRS990ScheduleA/SubstantialContributorsTotAmt03823863
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt011533486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt08018871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06889780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04097339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06343913
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt036883389
IRS990ScheduleA/TotalSupportAmt036883389
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09768661
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0140614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011533486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LUMINOS FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. LUMINOS FUND (LIBERIA) IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO THE REVENUE AND FINANCE LAW, LIBERIAN CODE OF LAWS REVISED, VOLUME VI, AS AMENDED. LUMINOS FUND (GHANA) LBG IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO THE MATRIMONIAL CAUSES ACT 367, 1971; AMENDMENT INSTRUMENT, 2012; L.I. 2191; NON-PROFIT ORGANIZATION POLICY (2020) AND DIRECTIVES FOR THE MANAGEMENT OF THE NON-PROFIT ORGANIZATIONS OPERATIONS IN GHANA (2020). ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN RECORDED IN THE COMBINED FINANCIAL STATEMENTS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO UNRECOGNIZED INCOME TAX BENEFITS AT DECEMBER 31, 2023. IN ADDITION, THE ORGANIZATION HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS REPORTED IN THESE COMBINED FINANCIAL STATEMENTS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt09768661
IRS990ScheduleD/TotalLiabilityAmt0140614
IRS990ScheduleD/TotalRevenuePerForm990Amt011533486
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011533486
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09768661
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt210
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt21
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0455078
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt13371136
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt232723
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROGRAM SUPPORT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd01
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0344978
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1110100
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2162794
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt3162021
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt4174401
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt595866

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