Lukaba Productions FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 03-0455744Revenue $273K in FY2022

On file with the IRSstage773.com3804 N Bell Ave, 60618-3812 · Chicago, ILTax-exempt since Apr 2003Publicly supported — 509(a)(2)

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We are art makers who provide a home that fosters great performers and inspired audiences.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$93K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $30K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$692K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$273K
-78% vs prior year
Spent
$592K
To programs
78%
Net assets
$699K
By yearFY2020–FY2024
Revenue
$273K
FY2022▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2020$336K
FY2021$1.2M
FY2022$273K
FY2023$686K
FY2024$402K
Expenses
$592K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$364K
FY2021$528K
FY2022$592K
FY2023$987K
FY2024$626K
Net assets
$699K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$121K
FY2021$843K
FY2022$699K
FY2023$398K
FY2024$175K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $463K Management & general 18% · $104K Fundraising 4% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$61,291Pt VII · Sec A
President and Director
$31,512Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jill M Valentine’s $75K as Executive Director is at the 70th percentile of top reported officer pay among 2215 $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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters performers and audiences through art creation and a supportive home.

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Provided by the organization

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1 program · $463K · in their own filed words · FY2022
01

Whim Chicago

-------------chicago's 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.

$463Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$273K
Ln 12
Gifts and grantsLn 1h$251K
Other incomeLn 4–11$15K
Fees for servicesLn 2g$7K
Money outPt IX
$592K
Ln 25
Programscol B$463K
Managementcol C$104K
Fundraisingcol D$25K
Owns and owesPt X
$699K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$1.4M
LiabilitiesLn 26$692K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$251K
Government grantsLn 1e$13K
Fees for servicesLn 2g$7K
Investment incomeLn 3$284
Other incomeLn 4–11$15K
Total revenueLn 12$273K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$74K
Total assetsLn 16$1.4M
LiabilitiesLn 26$692K
Net assetsLn 32$699K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$492K$82K
Land, buildings, equipmentLn 10c$983$1.2M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$470K$692K
Net assetsLn 32$1.0M$699K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$93K$79K$9K$5K
Other salaries and wagesLn 7$87K$74K$9K$4K
Other employee benefitsLn 9$10K$9K$1K$505
Payroll taxesLn 10$14K$12K$1K$698
Legal feesLn 11b$33K$16K$16K
Accounting feesLn 11c$5K$2K$2K
Advertising and promotionLn 12$35K$31K$3K
Office expensesLn 13$28K$20K$7K$530
OccupancyLn 16$174K$143K$21K$10K
InterestLn 20$21K$10K$10K
Depreciation, depletion and amortizationLn 22$43K$22K$22K
InsuranceLn 23$5K$4K$783$276
Other expenses (24a–d)Ln 24$46K$41K$5K$1K
Total functional expensesLn 25$592K$463K$104K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $402K$626K−$223K$175K 990 PDF
FY2023 $686K$987K−$301K$398K 990 PDF
FY2022 Viewing $273K$592K−$319K$699K 990 PDF
FY2021 $1.2M$528K$722K$843K 990 PDF
FY2020 $336K$364K−$28K$121K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $273,186 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,233,028$250,672
I-9 Program service revenuePrior year $16,794$6,845
I-10 Investment incomePrior year $84$284
I-11 Other revenuePrior year $0$15,385
I-12 Total revenuePrior year $1,249,906$273,186
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $120,907$203,766
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $231,700$388,678
I-18 Total expensesPrior year $352,607$592,444
I-19 Revenue less expensesPrior year $897,299−$319,258
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $273,186 across 7 lines filed
Lines not itemized here account for $15,385 of total revenue; see the IRS return.
VIII-1b Membership dues$7,000
VIII-1e Government grants$12,850
VIII-1f All other contributions, gifts and grants$230,822
VIII-1h Total contributions, gifts and grants$250,672
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,845$6,845
VIII-3 Investment incomeExcluded from tax $284$284
VIII-12 Total revenueRelated to mission $6,845 · Unrelated business $0 · Excluded from tax $15,669$273,186
Part IX · Statement of functional expenses $592,444 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $78,882 · Management $9,280 · Fundraising $4,641$92,803
IX-7 Other salaries and wagesPrograms $73,862 · Management $8,690 · Fundraising $4,345$86,897
IX-9 Other employee benefitsPrograms $8,577 · Management $1,009 · Fundraising $505$10,091
IX-10 Payroll taxesPrograms $11,879 · Management $1,398 · Fundraising $698$13,975
IX-11b Legal feesPrograms $16,298 · Management $16,298$32,596
IX-11c Accounting feesPrograms $2,413 · Management $2,412$4,825
IX-12 Advertising and promotionPrograms $31,463 · Fundraising $3,496$34,959
IX-13 Office expensesPrograms $20,164 · Management $6,942 · Fundraising $530$27,636
IX-16 OccupancyPrograms $142,910 · Management $20,927 · Fundraising $9,871$173,708
IX-20 InterestPrograms $10,352 · Management $10,351$20,703
IX-22 Depreciation, depletion and amortizationPrograms $21,652 · Management $21,652$43,304
IX-23 InsurancePrograms $3,548 · Management $783 · Fundraising $276$4,607
IX-24 Other expenses (24a–d)Programs $40,668 · Management $4,545 · Fundraising $1,127$46,340
IX-25 Total functional expensesPrograms $462,668 · Management $104,287 · Fundraising $25,489$592,444
Part X · Balance sheet $1,390,679 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $491,501$81,821
X-9 Prepaid expenses and deferred chargesStart of year $8,642$0
X-10c Land, buildings and equipment, netStart of year $983$1,234,818
X-15 Other assetsStart of year $987,323$74,040
X-16 Total assetsStart of year $1,488,449$1,390,679
X-17 Accounts payable and accrued expensesStart of year $11,316$92,037
X-19 Deferred revenueStart of year $350$350
X-24 Unsecured notes and loans payableStart of year $458,633$599,400
X-26 Total liabilitiesStart of year $470,299$691,787
X-27 Net assets without donor restrictionsStart of year $1,018,150$698,892
X-32 Total net assets or fund balancesStart of year $1,018,150$698,892
X-33 Total liabilities and net assetsStart of year $1,488,449$1,390,679
Part XI · Reconciliation of net assets $698,892 net assets at year end
XI-1 Total revenue$273,186
XI-2 Total expenses$592,444
XI-3 Revenue less expenses−$319,258
XI-4 Net assets at start of year$1,018,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$698,892

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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