Overview
What is Lumity?
Lumity is a nonprofit organization situated in Chicago, Illinois, specifically at 1132 South Wabash, 504. Its mission is to bridge the gap between under-resourced communities, STEM-related businesses, and local schools in the Chicago area. Lumity collaborates with over 25 corporate partners and five high schools to offer transformative STEM experiences for teenagers, preparing and inspiring them to pursue careers in STEM fields. They accomplish this by bringing corporate mentors into schools and allowing youth to engage with companies directly. Furthermore, Lumity operates NPO.NET, a nonprofit job board established in 1995, which connects job seekers with nonprofit employers. With a staff of 14 individuals, Lumity's work aims to empower and equip the next generation of STEM professionals.
Official website here: www.lumity.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Lumity has earned a high score primarily for its Accountability & Finance practices, reflecting strong oversight and governance. The organization boasts a fully independent board and a robust audit committee, which contributes positively to its financial integrity. They maintain a good ratio of program expenses, ensuring that the majority of funds are directed towards their mission, though they have been noted to lack the posting of their Tax Form on their website.
User feedback highlights Lumity's commitment to enhancing the operational capabilities of other nonprofits, particularly in the Chicago area. Their services, which include technology consulting and financial support, are well-regarded, and their initiatives, such as NPO.net and CTC Connect, are seen as valuable resources for nonprofits seeking to enhance their effectiveness. The leadership and staff receive praise for their dedication and the resulting success stories are a testament to their impact.
While Lumity's strengths are evident in financial management and user satisfaction, the lack of a posted Tax Form could be seen as a minor drawback. Overall, the organization is viewed positively, with a solid reputation for facilitating improvement within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lumity legitimate?
Lumity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lumity submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $226,931
Professional Fundraising Fees: $0
Other Salaries and Wages: $710,903
For more financial information, click here
Official website here: www.lumity.org
What is the mission statement of Lumity?
Lumity, in collaboration with its partners, aims to dismantle the barriers between STEM-related businesses, schools, and under-resourced communities. The organization works with over 25 corporate partners and five high schools to offer transformative STEM experiences to teenagers, preparing and inspiring them to pursue careers in STEM. Lumity brings corporate mentors into schools and introduces youth to companies. Notably, Lumity has successfully matched nonprofit employers with job seekers through NPO.NET, a nonprofit job board established by Lumity in 1995.
Official website here: www.lumity.org
Who is the CEO of Lumity?
Kara Kennedy is the Chair of Lumity.
Official website here: www.lumity.org
What is the revenue of Lumity?
Lumity's revenue in 2023 was $2,417,297.
Official website here: www.lumity.org
Who are the executives of Lumity and what are their salaries?
The average compensation at Lumity during 2023 was $66,988. There are 14 employees and 264 volunteers at Lumity.
Here are 20 key members and their salaries:
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- Compensation: $141,137
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- Other: $3,500
Official website here: www.lumity.org
Where can I find the form 990 for Lumity?
Lumity's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lumity.org
Learn more at the official website: www.lumity.org
Mission Statement of Lumity
Lumity, a nonprofit organization, is committed to breaking down the barriers between STEM-related businesses, schools, and under-resourced communities in Chicago. They collaborate with over 25 corporate partners and five high schools to offer transformative STEM experiences to teenagers. This initiative aims to prepare and inspire these students to pursue careers in STEM fields. Lumity facilitates the involvement of corporate mentors in schools and encourages youth to engage with companies. Furthermore, the organization has successfully matched nonprofit employers with job seekers through NPO.NET, a nonprofit job board established by Lumity in 1995. This mission of Lumity is instrumental in bridging the gap between STEM industries and underprivileged communities, providing opportunities for educational growth and career development.
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Impact
October, 2024
Lumity plays a pivotal role in bridging the gap between STEM-related businesses, schools, and under-resourced communities in the Chicagoland area. By collaborating with over 25 corporate partners and five high schools, Lumity provides transformative STEM experiences for teenagers, equipping them with the skills and inspiration needed to pursue careers in science, technology, engineering, and mathematics.
Through initiatives that bring corporate mentors into schools, Lumity encourages real-world learning and engagement. Students gain valuable insights from industry professionals, fostering a strong connection between education and the workforce. Additionally, Lumity facilitates youth internships and job placements through NPO.NET, a job board established to connect job seekers with employers.
The impact of Lumity is multi-faceted. It enhances educational opportunities, increases accessibility to STEM careers for underrepresented youth, and ultimately contributes to a more diverse and skilled workforce that meets the demands of the ever-evolving STEM landscape. By dismantling barriers and creating pathways for success, Lumity not only transforms individual lives but also strengthens the community and the economy as a whole.
This information is meant to be a general summary of Lumity. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $9,921
- Program Service Revenue: $202,550
- Gross Receipts: $2,477,033
Assets and Liabilities:
- Total Assets: $1,439,810
- Total Liabilities: $402,299
- Net Assets: $1,037,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTION AND PROGR
Revenue
$202,550
Organization Details
Founding Year
1984
Phone
(312) 372-4872Principal Officer
Kara Kennedy
Main Address
1132 SOUTH WABASH 504, CHICAGO, IL, 60605
Website
www.lumity.orgNTEE Category
Code: U41P - Science research
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