Luster Learning Institute Nfp
- Assets
- $1.3m
- Revenue
- $849.3k
- Investments
- $1.2m
- Employees
- 9
- Location
- Highland Park, IL
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 36-4604965
Organization Overview
Luster Learning Institute Nfp is located in Highland Park, IL. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Luster Learning Institute Nfp employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luster Learning Institute Nfp 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 12/2023, Luster Learning Institute Nfp generated $849.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 7 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
TO TRANSFORM LIVES BY TEACHING SKILLS THAT EMPOWER PEOPLE TO DEVELOP SELF-AWARENESS, FOCUS AND RESILIENCY, LEADING TO OVERALL WELLBEING AND HEALTHY, PRODUCTIVE INDIVIDUALS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINS TEACHERS AND ADMINISTRATORS TO INSTRUCT A SERIES OF SELF-REGULATORY EXERCISES THAT ARE IMPLEMENTED IN THE CLASSROOM. PARTICIPANTS LEARN PRACTICAL SKILLS THAT HELP STUDENTS ENHANCE SELF-ESTEEM, REMAIN FOCUSED, MANAGE STRESS, EFFECTIVELY COMPLY WITH ASSIGNMENTS AND SMOOTHLY NAVIGATE TRANSITIONAL CYCLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Luster President CEO | OfficerTrustee | 44 | $152,500 |
Randy Joseph Treasurer | OfficerTrustee | 1 | $0 |
Brahma Rosenberg Secretary | OfficerTrustee | 1 | $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 | $90,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,839 |
| Total Program Service Revenue | $253,282 |
| Investment income | $876 |
| 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 | $504,257 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,254 |
| 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. | $152,500 |
| Compensation of current officers, directors, key employees. | $21,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $667,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $479 |
| Fees for services: Accounting | $18,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,667 |
| Advertising and promotion | $86,448 |
| Office expenses | $23,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,237 |
| All other expenses | $5,194 |
| Total functional expenses | $1,057,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,408 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,185,819 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,295,002 |
| Accounts payable and accrued expenses | $2,961 |
| Grants payable | $0 |
| Deferred revenue | $21,485 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,446 |
| Net assets without donor restrictions | $1,195,556 |
| Net assets with donor restrictions | $75,000 |
| 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 | $1,295,002 |