Overview
What is Lunar Inc?
Lunar Inc is a nonprofit organization located in St. Paul, Minnesota, with a focus on supporting and educating entrepreneurs who identify as women, Black, Indigenous, People of Color (BIPOC), and LGBTQ+. In 2022, they completed their fifth full cohort, serving 15 entrepreneurs, and expanded their programming team with the addition of a Program Manager and Development Manager. These changes enabled Lunar to enhance its capacity and bring fresh perspectives to its work. The fifth cohort expanded their portfolio to 60 companies and provided statistically significant data to refine their accelerator methodology. Lunar also completed Phase 2 of an impact assessment, analyzing the economic impact of the cohort companies in Minnesota, resulting in over $237 million in economic impact for the state. Lunar's digital platform, Lunar Everywhere, offers events, programming, and scaling support for founders across the region. In 2022, they organized the second Lunar Summit Series featuring local and national experts, hosted their first in-person event since the pandemic, and served 200 participants. Lunar also developed a competitive HR system with attractive benefits to attract top talent. The organization's leadership team has begun implementing a strategic vision for the next three years and secured critical capital from new donors, corporations, and individuals. Lunar Startups aims to create equitable entrepreneurial ecosystems by providing education, support, and connectivity to leaders who identify as BIPOC, women, LGBTQ+, and are founding high-impact ventures with the goal of building community wealth and developing entrepreneurial capabilities.
Official website here: www.lunarstartups.org/
Is Lunar Inc legitimate?
Lunar Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lunar Inc 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: $118,314
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,939
For more financial information, click here
Official website here: www.lunarstartups.org/
What is the mission statement of Lunar Inc?
Lunar Inc, through its initiative Lunar Startups, aims to establish equitable entrepreneurial ecosystems by providing education, support, and connectivity to leaders who identify as BIPOC, women, LGBTQ+, and are founding high-impact ventures. The ultimate goal is to build community wealth and develop entrepreneurial capabilities. In 2022, Lunar served 15 entrepreneurs through its virtual and fifth full cohort, expanded its programming team, and gained significant data to finalize its accelerator methodology. The impact assessment of the cohort companies showed an economic impact of over $237 million in Minnesota. Additionally, Lunar has a digital platform for events, programming, and scaling support for founders across the region. It also organized the second Lunar Summit series, featuring local and national experts, and attracted top talent with a compelling HR system.
Official website here: www.lunarstartups.org/
Who is the CEO of Lunar Inc?
Danielle Steer is the President of Lunar Inc.
Official website here: www.lunarstartups.org/
What is the revenue of Lunar Inc?
Lunar Inc's revenue in 2022 was $615,768.
Official website here: www.lunarstartups.org/
Who are the executives of Lunar Inc and what are their salaries?
The average compensation at Lunar Inc during 2022 was $148,126. There are 2 employees and 5 volunteers at Lunar Inc.
Here are 6 key members and their salaries:
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- Compensation: $118,314
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- Other: $5,000
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Official website here: www.lunarstartups.org/
Where can I find the form 990 for Lunar Inc?
Lunar Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lunarstartups.org/
Learn more at the official website: www.lunarstartups.org/
Mission Statement of Lunar Inc
Lunar Inc, a nonprofit organization, is dedicated to fostering equitable entrepreneurial ecosystems. Their mission is to provide education, support, and connectivity to leaders who identify as Black, Indigenous, People of Color (BIPOC), women, and LGBTQ+ individuals, who are founding high-impact ventures. The ultimate goal is to eradicate prejudice and discrimination within the entrepreneurial sphere, enabling these individuals to build community wealth and develop their entrepreneurial capabilities.
Lunar Startups, a program under Lunar Inc, plays a crucial role in this mission. By offering education, support, and networking opportunities, Lunar Startups aims to create a level playing field for underrepresented entrepreneurs. In 2022, Lunar Inc executed its third virtual and fifth full cohort, serving 15 entrepreneurs. The addition of a Program Manager and Development Manager significantly boosted the organization's capacity, bringing new thought leadership and expertise to the experience. The fifth cohort expanded Lunar's portfolio to 60 companies, providing statistically significant data to finalize the accelerator methodology.
Lunar Inc's efforts have led to significant economic impact, with Lunar alumni generating over $237 million in economic impact for Minnesota. Lunar Everywhere, a digital platform, supports founders across the region with events, programming, and scaling resources. In 2022, Lunar held the second Lunar Summit Series, featuring local and national experts, and served 200 participants, marking Lunar's first in-person event since the pandemic. Furthermore, Lunar developed a compelling HR system with competitive benefits to attract top talent. The Lunar leadership team is currently executing a strategic ambition for the next three years and has successfully secured critical capital from new donors, corporations, and individuals.
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Impact
July, 2024
Lunar Inc's impact is significant in creating equitable entrepreneurial ecosystems by providing education, support, and connectivity to leaders who identify as BIPOC, women, LGBTQ, and are founding high-impact ventures. In 2022, Lunar executed its third virtual and fifth full cohort, serving 15 entrepreneurs. The organization expanded its programming team, hired key managers, and finalized its accelerator methodology based on data from its 5th cohort. Lunar's alumni have created over $237 million in economic impact for Minnesota, showcasing the tangible outcomes of its work. Additionally, Lunar Everywhere, the organization's digital platform, hosts events, programming, and scaling support for founders across the region. Lunar's strategic ambition for the next three years includes raising critical capital from new donors, corporates, and individuals to further its mission of eliminating prejudice and discrimination in the entrepreneurial ecosystem.
This information is meant to be a general summary of Lunar Inc. 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 2022.
- Investment Income: $54
- Program Service Revenue: $155,103
- Gross Receipts: $615,768
Assets and Liabilities:
- Total Assets: $459,228
- Total Liabilities: $17,492
- Net Assets: $441,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT SPONSORSHIP
Revenue
$146,103
PROGRAM SERVICE FEES
Revenue
$9,000
Organization Details
Founding Year
2020
Phone
(651) 504-0184Principal Officer
Danielle Steer
Main Address
1908 UNIVERISTY AVE W, ST PAUL, MN, 55104
Website
www.lunarstartups.org/NTEE Category
Code: S43 - Community improvement
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