Lukaba Productions EIN 03-0455744

Lukaba Productions

EIN  03-0455744 Public charity (501(c)(3)) Chicago, IL
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Size
$100K–1M
What they do
Fosters performers and audiences through art creation and a supportive home.
Leadership
Jill M Valentine · Executive Director · $75K
Money in and out
$402K revenue, $626K expenses
Bottom line
79% program efficiency

Fosters performers and audiences through art creation and a supportive home. For fiscal year 2024 it reported $402K in revenue, $626K in expenses, and $175K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$626K
Pt IX · Ln 25
Net assets
$175K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$223K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.18 Fundraising $0.03
Program efficiency
79%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate▼ -70% vs prior filing year
Surplus margin
-56%
revenue over expenses, this year▼ -27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$402K
FY2024▼ -41%
Expenses
$626K
FY2024▼ -37%
Total assets
$1.2M
FY2024▼ -17%
Total liabilities
$988K
FY2024▼ -2%
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$626K
Pt IX · Ln 25
Net assets
$175K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$223K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $494K of program spending, described in the organization's own filed words · FY2024.
01

Chicagos hottest new immersive walk thru experience. Whim is a world where all art forms come together paintings music sculpture street art and live performance. The mantra of this endeavor is putting chicago artists back to work post covid.

$494Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLukaba Productions
EINHdr · item D03-0455744
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.stage773.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFApr 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$75,000Pt VII · Sec A
Chair and Director
$0Pt VII · Sec A
Vice Chair and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jill M Valentine’s $75K as Executive Director is at the 70th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jill M Valentine$75,000$65,500
Jill Valentine$61,291$24,097$17,250
Brad Younts$31,512

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$256K · 64%
Other revenue$104K · 26%
Contributions & grants$42K · 10%
Program service revenue64%$256K
Other revenue26%$104K
Contributions & grants10%$42K
Investment income$38
Total revenueLn 12$402K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.18 Fundraising $0.03
Program services79%$494K
Management & general18%$111K
Fundraising3%$21K
Total functional expensesLn 25$626K

Balance Sheet

Part X · end of year
CashLn 1$32K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$988K
Total net assetsLn 32$175K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $32K · Operating expenses/yr $626K
0.6 months
Where the money goes
Program services
Program services $494K · Total expenses $626K
79%
Management & General
Management & general $111K · Total expenses $626K
18%
Fundraising
Fundraising $21K · Total expenses $626K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $132K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $42K · Total revenue $402K
10%
Government reliance
Government grants $0 · Total revenue $402K
0%
Earned-income share
Program service revenue $256K · Total revenue $402K
64%
Investment reliance
Investment income $38 · Total revenue $402K
0%
Program self-sufficiency
Program service revenue $256K · Total expenses $626K
41%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $686K
-41%
Revenue CAGR
FY2020 $336K · FY2024 $402K
+5%
Net-asset trend (YoY)
End of year $175K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $626K
-56%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $175K · Total assets $1.2M
15%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Jill M Valentine · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $75K · Total expenses $626K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $247K · Total expenses $626K
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 18%
Fundraising cost ratio 50%
Revenue growth -41%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$402K revenue · viewing · ⤓ 990 PDF
FY2023$686K revenue · ⤓ 990 PDF
FY2022$273K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$336K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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