The Luster Foundation EIN 36-3679513

The Luster Foundation FY2020 filing

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The Luster Foundation is a public foundation based in Chicago, IL, formed in 1990. For fiscal year 2020 it reported $4K in revenue, $40K in expenses, and $67K in net assets.Pt I

Founded
1990
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Chicago, IL
Filings
6 on file (2020–2020)
Revenue
$4KFY2020
Expenses
$40K
Net assets
$67K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-3679513 Public foundation / grantmaker Chicago, IL Founded 1990
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
a public foundation
Leadership
Jory Luster · President
Money in and out
$4K revenue, $40K expenses
Bottom line
82% program efficiency
Grants paid & assets · FY2020
Total revenue
$4K
Pt VIII · Ln 12
Total expenses
$40K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$36K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs
Operating runway
22.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-991%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$4K
FY2020
Expenses
$40K
FY2020
Total assets
$74K
FY2020
Total liabilities
$7K
FY2020
Total revenue
$4K
Pt VIII · Ln 12
Total expenses
$40K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$36K
Total assetsPt X · Ln 16$74K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $33K of program spending, described in the organization's own filed words · FY2020.
01

Fairplay foods $17,675THE american cancer society $20,000YOUTH guidance $10,000THE richard haley foundation $5,000ST fitus outreach program $5,000

$33Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Luster Foundation
EINHdr · item D36-3679513
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1990
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99Z)
Ruling yearIRS BMFJun 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$4K · 98%
Investment income$64 · 2%
Contributions & grants98%$4K
Investment income2%$64
Total revenueLn 12$4K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$33K
Management & general18%$7K
Total functional expensesLn 25$40K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$74K
Total liabilitiesLn 26$7K
Total net assetsLn 32$67K
Months of cash on handcomputed22.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $40K
22.4 months
Where the money goes
Program services
Program services $33K · Total expenses $40K
82%
Management & General
Management & general $7K · Total expenses $40K
18%
Fundraising
Fundraising $0 · Total expenses $40K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $4K
98%
Government reliance
Government grants — · Total revenue $4K
Earned-income share
Program service revenue $0 · Total revenue $4K
0%
Investment reliance
Investment income $64 · Total revenue $4K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $40K
0%
Growth & trend
Revenue growth (YoY)
This year $4K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $67K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4K · Expenses $40K
-991%
Liabilities-to-Assets
Total liabilities — · Total assets $74K
Net-asset ratio
Net assets $67K · Total assets $74K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $74K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jory Luster · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $40K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $40K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Accounting fee ratio 18%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 12 grants · $150K · 2020–2023
The American Cancer SocietyFY2023$40,000
Youth GuidanceIL · FY2023$10,000
Youth GuidanceIL · FY2022$10,000
St Titus Outreach ProgramsFY2022$5,000
The Richard Haley FoundationFY2022$5,000
The American Cancer SocietyFY2021$20,000
Youth GuidanceIL · FY2021$10,000
The American Cancer SocietyFY2020$20,000
Youth GuidanceIL · FY2020$10,000
Fairplay FoodsFY2020$9,600
St Titus Outreach ProgramsFY2020$5,000
The Richard Haley FoundationFY2020$5,000

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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
FY2025 (Latest)$6 revenue · ⤓ 990 PDF
FY2024$7K revenue · ⤓ 990 PDF
FY2023$48K revenue · ⤓ 990 PDF
FY2022$52K revenue · ⤓ 990 PDF
FY2021$61K revenue · ⤓ 990 PDF
FY2020$4K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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