Luminate Foundation Inc
- Assets
- $59.8m
- Revenue
- $44.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-3941326
Organization Overview
Luminate Foundation Inc is located in Washington, DC. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luminate Foundation Inc 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 12/2021, Luminate Foundation Inc generated $44.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $40.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luminate Foundation Inc has awarded 519 individual grants totaling $129,678,830. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DATA & DIGITAL RIGHTS IMPACT AREA FOCUSES ON ENSURING THE RIGHTS OF PEOPLE AND COMMUNITIES ARE UPHELD IN THE DESIGN AND USE OF DATA AND TECHNOLOGY. IN THIS IMPACT AREA OUR PRIORITIES ARE TO GIVE EVERYONE MORE POWER OVER THE DATA THAT IMPACTS THEIR LIVES AND SOCIETIES; INFLUENCE DATA NORMS AND STANDARDS WORLDWIDE; AND MAKE DATA AND DIGITAL INFRASTRUCTURE FAIRER AND MORE ACCESSIBLE.
THE UNITED STATES PORTFOLIO WAS FOCUSED ON CIVIC TECH, MOVEMENT BUILDING, IMMIGRANT JUSTICE, DATA AND DIGITAL RIGHTS, AND NARRATIVE CHANGE.
THE WESTERN EUROPE PORTFOLIO WAS FOCUSED ON MODELS FOR LOCAL AND INVESTIGATIVE JOURNALISM; DATA AND DIGITAL RIGHTS; MAKING SURE PEOPLE HAVE THE OPPORTUNITY TO PLAY A ROLE IN DECISIONS THAT AFFECT THEIR LIVES AND HOLD ACCOUNTABLE THE AUTHORITIES MAKING THOSE DECISIONS; AND UNDERSTANDING WHAT'S POLARISING AND DIVIDING OUR SOCIETIES AND SUPPORTING WORK TO ADDRESS THOSE FRACTURES. THIS WORK WAS IN THE UK, GERMANY, AND FRANCE.
FINANCIAL TRANSPARENCY IMPACT AREA WORKS TO TACKLE CORRUPTION AND DEMAND TRANSPARENCY, ACCOUNTABILITY, AND PARTICIPATION IN THE USE OF PUBLIC FUNDS. IN THIS IMPACT AREA OUR PRIORITIES ARE TO SET HIGHER TRANSPARENCY STANDARDS; TARGET CORRUPTION WITH A FOCUS ON RESPONSIVENESS AND ENFORCEMENT; STRENGTHEN ACCOUNTABILITY AT THE LOCAL LEVEL; AND BUILD THE FINANCIAL TRANSPARENCY ECOSYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen King CEO | 1 | $0 | |
Pierre Omidyar Chairman | 0.09 | $0 | |
Jeffrey R Alvord Director | 1.08 | $0 | |
Hoodo Mohamed Secretary | 1 | $0 | |
Shaila Gupta Treasurer | 1 | $0 | |
Patricia Christen Vice Chair & Chair | 1.43 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,465,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $336,707 |
| Capital Gain Net Income | $44,802,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,834,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $598,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,110 |
| Total operating and administrative expenses | $616,176 |
| Contributions, gifts, grants paid | $39,750,280 |
| Total expenses and disbursements | $40,366,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,979,109 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,818,488 |
| Total assets | $59,797,597 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $19,625,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $641,037 |
| Total liabilities | $20,266,037 |
Grants Awarded
Over the last fiscal year, Luminate Foundation Inc has awarded $58,416,947 in support to 335 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO PROVIDE CAPACITY BUILDING AND FINANCING TO INDEPENDENT FOR-PROFIT | $1,026,186 |
CODE FOR AMERICA (CFA) PURPOSE: PROGRAM SUPPORT TOWARDS A GOVERNMENT IN THE DIGITAL AGE. | $1,000,000 |
CODE FOR AMERICA (CFA) PURPOSE: PROGRAM SUPPORT TOWARDS A GOVERNMENT IN THE DIGITAL AGE. | $750,000 |
CODE FOR AMERICA (CFA) PURPOSE: GENERAL OPERATING FUNDS | $750,000 |
UPTURN PURPOSE: SUPPORT EQUITABLE DIGITAL TECHNOLOGY IN THE DESIGN, GOVERNANCE, AND USAGE. | $750,000 |
New York, NY PURPOSE: SUPPORT FULL INTEGRATION OF IMMIGRANTS AS ACTIVE PARTICIPANTS IN DEMOCRACY. | $750,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Luminate Foundation Inc has recieved totaling $5,000,000.
| Awarding Organization | Amount |
|---|---|
Sandler Foundation San Francisco, CA PURPOSE: "RESET" PROJECT | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Adventist Development And Relief Agency International Silver Spring, MD | $93,556,695 | $133,531,867 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Wellmont Medical Associates Inc Johnson City, TN | $20,115,154 | $123,355,433 |
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
Moses Cone Physician Services Inc Greensboro, NC | $50,601,187 | $84,107,412 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
U S Committee For Refugees And Immigrants Inc Arlington, VA | $73,971,820 | $124,758,624 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |