Civic Intelligence

The Speed School Fund

990 • Fiscal year 2017 • EIN 36-4817073

Jan 01, 2017 to Dec 31, 2017 • Filed on May 18, 2018

Organization ProfileLUMINOSFUND.ORG
745 Atlantic AvenueBoston, MA 02111

(610) 254-0000

Siviq Scores

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

Liabilities / Assets

50th percentile

0.09x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$267,050

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

83rd percentile

24%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-20%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$3,388,661

Up $655,160 (+24%) from 2016

Net Assets

Up

$3,069,885

Up $580,184 (+23%) from 2016

Liabilities

Up

$318,776

Up $74,976 (+31%) from 2016

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin69th percentile

Revenue

Down

$4,910,175

Down $1,256,843 (-20%) from 2016

Expenses

Up

$4,329,991

Up $652,674 (+18%) from 2016

Net Income

Down

$580,184

Down $1,909,517 (-77%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2017

Assets$3,388,661
Liabilities$318,776
Net Assets$3,069,885
Open 2017 Filing

Operations Trend

Revenue Growth13th percentile

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

2017

Revenue$4,910,175
Expenses$4,329,991
Net Income$580,184
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 18, 2018
Return Version
2017v2.3
Gross Receipts
$4,910,175
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.

The Luminos Fund is dedicated to developing and scaling innovative approaches to learning for the most vulnerable children and subsequently working with local governments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$742,576$2,162,184▲ $1,419,608
Cash and Non-Interest-Bearing Accounts$1,983,231$1,185,522▼ $797,709
Prepaid Expenses and Deferred Charges$7,694$14,201▲ $6,507
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,733,501$3,388,661▲ $655,160
Other Assets Total$0$26,754▲ $26,754
Liabilities
Accounts Payable and Accrued Expenses$243,800$318,776▲ $74,976
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$243,800$318,776▲ $74,976
Net Assets / Fund Balance
Unrestricted Net Assets$545,738$2,316,786▲ $1,771,048
Temporarily Rstr Net Assets$1,943,963$753,099▼ $1,190,864
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,489,701$3,069,885▲ $580,184
Total Liabilities and Net Assets / Fund Balance$2,733,501$3,388,661▲ $655,160
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Caitlin BaronCEOFT$250,000$17,050$250,000
Mubuso ZamchiyaManaging DirectorFT$183,333-$183,333
Nikita KhoslaSenior Director of ProgramsFT$120,000-$120,000

Board Members and Trustees

NameTitle
Alan MccormickChair
Andrew DoustDirector and Chair
Rob VickersDirector and Secretary
Colin WebbDirector, VP and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,910,175
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,910,175
Change in Net Assets
$580,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,910,175
Total Revenue per Audited Statements
$4,910,175
Total Revenue per Form 990
$4,910,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,634,573
Other Expenses$934,790
Salaries, Compensation, and Employee Benefits$760,628
Total Fundraising Expense$495,063
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,248,190--$2,248,190
Other Expenses$636,828--$636,828
Grants to Domestic Orgs$386,383--$386,383
Other Salaries and Wages$104,667$46,333$192,333$343,333
Current Officers, Directors, Trustees, and Key Employees$133,525$26,705$106,820$267,050
Other Employee Benefits$43,331$14,467$57,129$114,927
Travel$49,995$7,020$49,503$106,518
Fees for Services Other$46,153$22,170$27,208$95,531
Payroll Taxes$13,471$4,427$17,420$35,318
Advertising$9,671$677$19,775$30,123
Fees for Services Accounting$6,200$3,100$6,200$15,500
Office Expenses$4,933$3,254$7,129$15,316
Insurance$7,004$1,714$5,289$14,007
Occupancy$5,095$2,547$5,095$12,737
Fees for Services Legal$5,596$1,472$1,162$8,230
Total Functional Expenses$3,701,042$133,886$495,063$4,329,991

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,329,991
Total Expenses per Audited Statements$4,329,991
Total Expenses per Form 990$4,329,991
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Geneva GlobalPaoli, PA-Projects in Ethiopia$380,720

International Summary

Offices
0
Employees
0
Spending
$2,248,190

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
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 AfricaGrantmakingGrants to Recipients00$1,759,632
Middle East and North AfricaGrantmakingGrants to Recipients00$275,000
Europe (Including Iceland and Greenland)GrantmakingGrants to Recipients00$213,558
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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

Part VI Section C #18

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

Part VI Section B #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.”

Part VI Section B #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 action needed 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.”

Filing and Contact Details

Filer

Filer Name
The Luminos Fund
EIN
36-4817073
In Care Of
% KAREN ROBINSON
Phone
6102540000
Address
745 Atlantic Avenue, Boston, MA 02111

Signing Officer

Name
Caitlin Baron
Title
CEO
Phone
6102540000
Signed
2018-05-18
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Withumsmithbrown Pc
Address
TWO LOGAN SQ STE 2001 18THARCH ST, PHILADELPHIA, PA 19103-2726
Preparer
Eric M Strauss
Phone
2155462140
Supplemental Narrative

Financial Statement Notes

Schedule D Part X Line 2

“The Organization is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision or liability for income taxes has been recorded in the financial statements. The Organization has no unrecognized tax benefits at December 31, 2017. In addition, The Organization has no income tax related penalties or interest for the periods reported in these financial statements.”

Raw XML AppendixShowing 400 of 650 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/BOYAmt0243800
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0318776
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Luminos Fund is dedicated to developing and scaling innovative approaches to learning for the most vulnerable children and subsequently working with local governments.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/FundraisingAmt019775
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0677
IRS990/AdvertisingGrp/ProgramServicesAmt09671
IRS990/AdvertisingGrp/TotalAmt030123
IRS990/AllOtherContributionsAmt04910175
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0KAREN ROBINSON
IRS990/BooksInCareOfDetail/PhoneNum06102540000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01536 E LANCASTER AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0PAOLI
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019301
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01983231
IRS990/CashNonInterestBearingGrp/EOYAmt01185522
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0106820
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026705
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0133525
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0267050
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04910175
IRS990/CYGrantsAndSimilarPaidAmt02634573
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0934790
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0580184
IRS990/CYSalariesCompEmpBnftPaidAmt0760628
IRS990/CYTotalExpensesAmt04329991
IRS990/CYTotalFundraisingExpenseAmt0495063
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04910175
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Luminos Fund is dedicated to developing and scaling innovative approaches to learning for the most vulnerable children and subsequently working with local governments to drive systems-level change. Our first innovative approach is the Speed School model through which we have enabled over 100,000 children in sub-Saharan Africa to get a second chance at an education.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt03701042
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt06200
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03100
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06200
IRS990/FeesForServicesAccountingGrp/TotalAmt015500
IRS990/FeesForServicesLegalGrp/FundraisingAmt01162
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01472
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05596
IRS990/FeesForServicesLegalGrp/TotalAmt08230
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt027208
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt022170
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt046153
IRS990/FeesForServicesOtherGrp/TotalAmt095531
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt02248190
IRS990/ForeignGrantsGrp/TotalAmt02248190
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.0
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt417050
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0ANDREW DOUST
IRS990/Form990PartVIISectionAGrp/PersonNm1ROB VICKERS
IRS990/Form990PartVIISectionAGrp/PersonNm2COLIN WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm3ALAN MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm4CAITLIN BARON
IRS990/Form990PartVIISectionAGrp/PersonNm5NIKITA KHOSLA
IRS990/Form990PartVIISectionAGrp/PersonNm6MUBUSO ZAMCHIYA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4250000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5120000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6183333
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR AND CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR AND SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, VP AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5SENIOR DIRECTOR OF PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt6MANAGING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt02634573
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0386383
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0386383
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04910175
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt05289
IRS990/InsuranceGrp/ManagementAndGeneralAmt01714
IRS990/InsuranceGrp/ProgramServicesAmt07004
IRS990/InsuranceGrp/TotalAmt014007
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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, WERE 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. OUR FIRST INNOVATIVE SOLUTION IS THE SPEED SCHOOL PROGRAM, AN ACCELERATED LEARNING, BACK-TO-SCHOOL PROGRAM. THROUGH THE SPEED SCHOOL PROGRAM, WE HAVE ENABLED OVER 100,000 CHILDREN IN SUB-SAHARAN AFRICA GET A SECOND CHANCE AT AN EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02489701
IRS990/NetAssetsOrFundBalancesEOYAmt03069885
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt05095
IRS990/OccupancyGrp/ManagementAndGeneralAmt02547
IRS990/OccupancyGrp/ProgramServicesAmt05095
IRS990/OccupancyGrp/TotalAmt012737
IRS990/OfficeExpensesGrp/FundraisingAmt07129
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03254
IRS990/OfficeExpensesGrp/ProgramServicesAmt04933
IRS990/OfficeExpensesGrp/TotalAmt015316
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt026754
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt057129
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014467
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043331
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0114927
IRS990/OtherExpensesGrp/Desc0PROGRAM DELIVERY
IRS990/OtherExpensesGrp/ProgramServicesAmt0636828
IRS990/OtherExpensesGrp/TotalAmt0636828
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0192333
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046333
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104667
IRS990/OtherSalariesAndWagesGrp/TotalAmt0343333
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt017420
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04427
IRS990/PayrollTaxesGrp/ProgramServicesAmt013471
IRS990/PayrollTaxesGrp/TotalAmt035318
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0742576
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02162184
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014201
IRS990/PrincipalOfficerNm0CAITLIN BARON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06167018
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02152216
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01111553
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02489701
IRS990/PYSalariesCompEmpBnftPaidAmt0413548
IRS990/PYTotalExpensesAmt03677317
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06167018
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0580184
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04910175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06167018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011077193
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt011077193
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04910175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06167018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011077193
IRS990ScheduleA/TotalSupportAmt011077193
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt04329991
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt04910175
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision or liability for income taxes has been recorded in the financial statements. The Organization has no unrecognized tax benefits at December 31, 2017. In addition, The Organization has no income tax related penalties or interest for the periods reported in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D PART X LINE 2
IRS990ScheduleD/TotalExpensesPerForm990Amt04329991
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt04910175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04910175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04329991
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0275000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1213558
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt21759632
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0275000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1139427
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2105360
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt393586
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt4109949
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt5119316
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt6123793
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt771046
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt838175
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt986970
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1036894
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt11213558
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1262961
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt13191965
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1462991
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1544927
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1669702
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1773214
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1885352
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt19123954
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2066156
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2147359
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2WIRE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,388,661
Liabilities
$318,776
Net assets
$3,069,885
Revenue
$4,910,175
Expenses
$4,329,991
Net income
$580,184
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.7$0.38$17.4$14.3$11.4$2.90
2023Detailed filing. Detailed filing data is available for this year.$14.9$0.32$14.6$11.5$9.77$1.76
2022Detailed filing. Detailed filing data is available for this year.$13.0$0.21$12.8$8.02$6.99$1.03
2021Detailed filing. Detailed filing data is available for this year.$11.9$0.07$11.8$6.89$4.21$2.68
2020Detailed filing. Detailed filing data is available for this year.$9.33$0.09$9.23$4.10$3.34$0.76
2019Detailed filing. Detailed filing data is available for this year.$8.46$0.12$8.35$6.34$2.78$3.57
2018Detailed filing. Detailed filing data is available for this year.$4.84$0.07$4.77$4.62$2.92$1.70
2017Detailed filing. Detailed filing data is available for this year.$3.39$0.32$3.07$4.91$4.33$0.58
2016Detailed filing. Detailed filing data is available for this year.$2.73$0.24$2.49$6.17$3.68$2.49