LUMINARTS CULTURAL FOUNDATION THE UNION LEAGUE CLUB OF CHICAGO

EIN: 362446421 501(c)(3)

CHICAGO, IL

Total Revenue
$568,667
Total Expenses
$766,825
Total Assets
$2,856,288
Net Assets
$2,828,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
IL
Principal Officer
CHRISTINA DEATON
Phone
3124277800
Tax Period
2024-03-01 to 2025-02-28

LUMINARTS CULTURAL FOUNDATION AT THE UNION LEAGUE CLUB OF CHICAGO, founded in 1949, is a small nonprofit that reported $559K in total revenue in fiscal year 2018. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $655K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE LUMINARTS CULTURAL FOUNDATION CULTIVATES CHICAGO'S VIBRANT ARTS COMMUNITY BY SUPPORTING EXEMPLARY YOUNG ARTISTS THROUGH ITS COMPETITIVE PROGRAMS THAT OFFER FINANCIAL AWARDS, ARTISTIC OPPORTUNITIES, AND MENTORING THAT BRIDGE THE GAP BETWEEN EDUCATION AND CAREER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $328,284
Program Service Revenue $0
Investment Income $144,609
Other Revenue $95,774
TOTAL REVENUE $568,667

Expense Breakdown

Grants Paid $197,057
Salaries & Benefits $283,373
Fundraising Expenses $33,069
Program Expenses $494,150
Other Expenses $286,395
TOTAL EXPENSES $766,825

Year-over-Year Comparison

2024 2023 Change
Revenue $568,667 $487,916 +0.2%
Expenses $766,825 $928,011 -0.2%
Net Income $-198,158 $-440,095 -0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
4
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRETCHEN BURCH PRESIDENT 2.00
Officer Director
$0 $0 $0
DR SALLY METZLER PAST PRESIDE 2.00
Officer Director
$0 $0 $0
MARIO SANTIAGO 1ST VICE PRE 2.00
Officer Director
$0 $0 $0
BECKY BEEM 2ND VICE PRE 2.00
Officer Director
$0 $0 $0
ANDREW LAPP TREASURER 2.00
Officer Director
$0 $0 $0
TOM TEICHGRAEBER SECRETARY 2.00
Officer Director
$0 $0 $0
MICHAEL GOODE DIRECTOR 2.00
Director
$0 $0 $0
MARK ARIZMENDI DIRECTOR 2.00
Director
$0 $0 $0
WENDY BETTS DIRECTOR 2.00
Director
$0 $0 $0
RICHARD DOERMER DIRECTOR 2.00
Director
$0 $0 $0
ARDENA FLIPPIN DIRECTOR 2.00
Director
$0 $0 $0
STEVE GOODWIN DIRECTOR 2.00
Director
$0 $0 $0
KYLE MACKEY DIRECTOR 2.00
Director
$0 $0 $0
REBECCA MAKKAI DIRECTOR 2.00
Director
$0 $0 $0
CHERILYN MURER DIRECTOR 2.00
Director
$0 $0 $0
MATT OLAVESON DIRECTOR 2.00
Director
$0 $0 $0
JULIANNA TANCREDI DIRECTOR 2.00
Director
$0 $0 $0
ELAINE OLSON DIRECTOR 2.00
Director
$0 $0 $0
ERIC WASSENAAR DIRECTOR 2.00
Director
$0 $0 $0
BRUCE WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
CORINNE MORRISSEY DIRECTOR 2.00
Director
$0 $0 $0
ANNA GANSE DIRECTOR 2.00
Director
$0 $0 $0
JOHN DONNELLY DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $568,667 $766,825 $2,856,288 $-198,158
2024 $487,916 $928,011 $2,910,039 $-440,095
2023 $1,851,663 $860,258 $3,055,011 $991,405
2022 $1,017,926 $710,147 $2,688,483 $307,779
2021 $672,280 $685,221 $2,574,597 $-12,941
2020 $630,243 $687,569 $2,060,827 $-57,326
2019 $559,419 $654,758 $2,131,563 $-95,339
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