Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990; $122K paid to officers and key staff (Part VII, Section A).
Sharene Shariatzadeh Philip’s $122K as President is at the 95th percentile of top reported officer pay among 2216 $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 · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sharene Shariatzadeh Philip | $121,752 | $132,354 | $119,788 | $91,192 | $72,833 |
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.
See Luma8 executive salaries →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
Luma8 is an arts and culture nonprofit based in Chicago, IL.
Questions for Luma8
Your first name shows with your question. Luma8 answers here, for everyone.
Create artistic innovation
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2325097) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $29K | $42K |
| Land, buildings, equipmentLn 10c | $3K | $4K |
| Total assetsLn 16 | $31K | $46K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $31K | $46K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $122K | $110K | $12K | |
| Payroll taxesLn 10 | $9K | $8K | $906 | |
| Advertising and promotionLn 12 | $14K | $14K | ||
| Office expensesLn 13 | $1K | $1K | ||
| TravelLn 17 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $15K | $14K | $2K | |
| Other expenses (24a–d)Ln 24 | $179K | $174K | $5K | |
| All other expensesLn 24e | $3K | $2K | $915 | |
| Total functional expensesLn 25 | $347K | $310K | $37K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Jun 30, 2025 | $362K | $347K | $15K | $46K | 990 PDF |
| FY2023Filed with the IRS Sep 8, 2024 | $437K | $435K | $2K | $31K | 990 PDF |
| FY2022Filed with the IRS Jul 3, 2023 | $312K | $264K | $48K | $30K | 990 PDF |
| FY2021Filed with the IRS Jul 5, 2022 | $246K | $266K | −$20K | −$18K | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $122K | $134K | −$12K | $2K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $362,280 revenue, 12 lines filed
Part VI · Governance 0 of 3 board members independent, 4 to look at
Part VIII · Statement of revenue $362,280 across 3 lines filed
Part IX · Statement of functional expenses $347,207 across 9 lines filed
Part X · Balance sheet $46,075 assets, 9 lines filed
Part XI · Reconciliation of net assets $46,075 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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