Lumen Christi Institute
- Assets
- $7.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 36-4191992
Organization Overview
Lumen Christi Institute is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Lumen Christi Institute employed 20 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lumen Christi Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Lumen Christi Institute generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 21.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL CATHOLIC SCHOLARS PROGRAM DEVELOPS TEAMS OF SCHOLARS TO GENERATE A RENEWED CATHOLIC TRADITION IN THE ACADEMY THROUGH TWO PROGRAMS. THE SUMMER SEMINARS IN CATHOLIC THOUGHT GIVE DOCTORAL STUDENTS FROM MAJOR CATHOLIC AND SECULAR UNIVERSITIES THE OPPORTUNITY TO STUDY WITH A LEADING CATHOLIC SCHOLAR. THE LUMEN CHRISTI PROGRAM IN SOCIAL THOUGHT ORGANIZES MAJOR CONFERENCES ON CATHOLIC PERSPECTIVES ON LAW, ECONOMICS, POLITICS AND SOCIETY. IT SEEKS TO BUILD A NETWORK OF SCHOLARS AT MAJOR CATHOLIC AND SECULAR UNIVERSITIES WHO WILL STUDY CATHOLIC SOCIAL THOUGHT AND DEVELOP IT IN LIGHT OF CONTEMPORARY QUESTIONS AND APPLY IT TO THE MAJOR ISSUES FACING OUR SOCIETY.
THE UNIVERSITY PROGRAM IN CATHOLIC THOIUGHT ENCOURAGES STUDENTS AND FACULTY AT THE UNIVERSITY OF CHICAGO TO DEEPLY ENGAGE THE CATHOLIC INTELLECTUAL AND SPIRITUAL TRADITIONS BY HOSTING BOTH VIRTUAL AND IN-PERSON EVENTS WITH VISITING FELLOWS AND OFFERING LECTURES, COLLOQUIA, NON-CREDIT COURSES AND OTHER EVENTS LIKE RELIGIOUS BOOK DISCUSSIONS AND BOOK EVENTS.
THE LUMEN CHRISTI INSTITUTE CULTURAL FORUM SEEKS TO ENGAGE THE CHURCH, THE ACADEMY AND THE PUBLIC AS A MEANS OF PROMOTING THE EVANGELIZATION OF CULTURE CALLED FOR BY POPE JOHN PAUL II. IN-PERSON AND VIRTUAL EVENTS IN THIS PROGRAM HAVE INCLUDED SACRED MUSIC CONCERTS, DISCUSSIONS ON LAW AND CULTURE, CATHOLIC SOCIAL THOUGHT AND THE ECONOMY, RELIGION AND SECULAR CULTURE IN EUROPE AND CATHOLIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Wasserman-Soler Executive Director | Officer | 40 | $155,010 |
Michael Le Chevallier Director Of National Partnerships | 40 | $101,375 | |
John Buchmann Director Of Development | 40 | $86,750 | |
Susan Jensen Secretary | Officer | 40 | $59,000 |
Maria L Perona Treasurer | Officer | 6 | $25,176 |
Alietia Caughron Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,536,148 |
| Noncash contributions included in lines 1a–1f | $309,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,536,148 |
| Total Program Service Revenue | $89,251 |
| Investment income | $32,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,658,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,010 |
| Compensation of current officers, directors, key employees. | $5,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,115 |
| Payroll taxes | $57,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $35,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,958 |
| Fees for services: Other | $714,626 |
| Advertising and promotion | $0 |
| Office expenses | $21,363 |
| Information technology | $27,179 |
| Royalties | $0 |
| Occupancy | $117,696 |
| Travel | $8,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $709,559 |
| Interest | $120,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,497 |
| Insurance | $3,756 |
| All other expenses | $11,648 |
| Total functional expenses | $2,956,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,472 |
| Savings and temporary cash investments | $1,229,659 |
| Pledges and grants receivable | $1,346,321 |
| Accounts receivable, net | $48,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,267 |
| Net Land, buildings, and equipment | $4,369,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $981 |
| Total assets | $7,362,125 |
| Accounts payable and accrued expenses | $156,424 |
| Grants payable | $844,058 |
| Deferred revenue | $9,821 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,592,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,725 |
| Total liabilities | $3,611,838 |
| Net assets without donor restrictions | $2,356,308 |
| Net assets with donor restrictions | $1,393,979 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,362,125 |