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Luma 8

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 822325097 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Luma 8?

Luma 8 is a Chicago-based nonprofit organization, dedicated to fostering artistic innovation and enriching the city's community. Their primary objective is to elevate Chicago to a significant artistic hub, thereby improving the lives of its residents and generating economic growth. They achieve this through various programs, which are a crucial part of their mission. Luma 8's initiatives contribute to Chicago's artistic landscape and positively impact its citizens, ultimately contributing to the city's overall development.


Official website here: www.artsinthedark.org

Is Luma 8 legitimate?

Luma 8 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luma 8 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: $119,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.artsinthedark.org

What is the mission statement of Luma 8?

Luma 8 aims to establish Chicago as a hub for artistic innovation, enriching the lives of its residents while generating economic impact. This is achieved through the organization's various programs, which focus on fostering creativity. Luma 8's mission is not limited to artistic enrichment, but also seeks to contribute positively to the economy. The organization's activities are centered around Chicago, Illinois.


Official website here: www.artsinthedark.org

Who is the CEO of Luma 8?

Sharene S Philip is the Chairman Of The Board of Luma 8.


Official website here: www.artsinthedark.org

What is the revenue of Luma 8?

Luma 8's revenue in 2022 was $311,760.


Official website here: www.artsinthedark.org

Who are the executives of Luma 8 and what are their salaries?

The average compensation at Luma 8 during 2022 was $119,788. There is 1 employee at Luma 8.


Here are 3 key members and their salaries:


Corey Minturn (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Perlman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharene Shariatzadeh Philip (President)
  • Compensation: $119,788
  • Related: $0
  • Other: $0


Official website here: www.artsinthedark.org

Where can I find the form 990 for Luma 8?

Luma 8's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.artsinthedark.org

Learn more at the official website: www.artsinthedark.org

Mission Statement of Luma 8

Luma 8, a nonprofit organization, seeks to elevate artistic innovation as a significant aspect of Chicago. Its mission is to enrich the lives of the city's citizens and stimulate economic growth. Luma 8 achieves this by implementing various programs that foster creativity and innovation in the arts. By doing so, it aims to serve as a focal point for artistic development, contributing positively to the lives of Chicago's residents.

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Impact




October, 2024

Luma 8 significantly impacts the Chicago community by positioning the city as a hub of artistic innovation. Through its various programs, Luma 8 enriches the lives of residents, fostering a vibrant cultural landscape. This commitment to artistic development not only enhances community engagement but also stimulates economic growth by attracting investments, tourism, and creative talent to the area. By cultivating an environment where art thrives, Luma 8 plays a crucial role in shaping a dynamic and culturally rich city, ultimately benefiting both individuals and the broader economy.




This information is meant to be a general summary of Luma 8. 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.

Revenue
$311,760 (2022)
Expenses
$264,009 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $311,760

Assets and Liabilities:

  • Total Assets: $29,653
  • Total Liabilities: $0
  • Net Assets: $29,653

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Organization Details

Founding Year

2017

Principal Officer

Sharene S Philip

Main Address

205 EAST RANDOLPH ST, CHICAGO, IL, 60601

NTEE Category

Code: A20 - Arts

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