Lumin Education
- Assets
- $24.8m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 158
- Location
- Dallas, TX
- Founding
- 03/1979
- Data as of
- 08/2022
- EIN
- 75-1612054
Organization Overview
Lumin Education is located in Dallas, TX. The organization was established in 1979. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2022, Lumin Education employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lumin Education 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 08/2022, Lumin Education generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $7.7m during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM EDUCATION BY STARTING YOUNG, INVOLVING PARENTS, AND CREATING LEARNING ENVIRONMENTS TO INSPIRE CHILDREN FROM DIVERSE CULTURAL AND ECONOMIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUMIN EDUCATION WAS FOUNDED IN 1978 AND SERVES MORE THAN 500 CHILDREN AND THEIR PARENTS IN THESE PROGRAMS: 1) PREGNANCY TO AGE 3 (P-3) HOME VISITING PARENT EDUCATION PROGRAM, 2) DAILY MONTESSORI CLASSES FOR CHILDREN AGES 1 TO 5 (B4SIX CLASSROOM PROGRAM), AND 3) DAILY MONTESSORI CLASSES FOR CHILDREN AGES 6 TO 9 (ELEMENTARY CLASSROOM PROGRAM). IN SPITE OF GROWING UP IN NEIGHBORHOODS THAT STRUGGLE WITH POVERTY, ILLITERACY, AND HIGH DROPOUT RATES, 96% OF LUMIN'S THIRD GRADE ALUMNI HAVE SUCCESSFULLY COMPLETED HIGH SCHOOL OR EARNED A G.E.D. AND 89% ATTEND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Birrer Treasure/director | OfficerTrustee | 1 | $0 |
Michael Giles President/director | OfficerTrustee | 1 | $0 |
Mary Caroline Parker Secretary/director | OfficerTrustee | 1 | $0 |
John H Fullinwider Director | OfficerTrustee | 1 | $0 |
Amrit Kirpalani Vice-Pres/director | Trustee | 1 | $0 |
Rosa M Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,979,333 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,763,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,742,548 |
| Total Program Service Revenue | $160,312 |
| Investment income | $326,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,630 |
| Net Gain/Loss on Asset Sales | -$27,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,420,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $171 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $268,453 |
| Compensation of current officers, directors, key employees. | $161,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,202,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $780,136 |
| Payroll taxes | $230,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,291 |
| Fees for services: Accounting | $29,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $392,987 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,376 |
| Travel | $97,283 |
| 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 | $382,074 |
| Insurance | $87,655 |
| All other expenses | $26,053 |
| Total functional expenses | $7,718,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $2,922,290 |
| Pledges and grants receivable | $672,136 |
| Accounts receivable, net | $48,123 |
| 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 | $89,378 |
| Net Land, buildings, and equipment | $7,296,641 |
| Investments—publicly traded securities | $13,321,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,250 |
| Total assets | $24,767,490 |
| Accounts payable and accrued expenses | $319,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $319,650 |
| Net assets without donor restrictions | $17,645,084 |
| Net assets with donor restrictions | $6,802,756 |
| 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 | $24,767,490 |