Lunar Inc
- Assets
- $669.0k
- Revenue
- $834.1k
- Investments
- $1.5k
- Employees
- 2
- Location
- St Paul, MN
- Founding
- Data as of
- 12/2021
- EIN
- 84-4699429
Organization Overview
Lunar Inc is located in St Paul, MN. As of 12/2021, Lunar Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lunar Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lunar Inc generated $834.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 67.2% each year . All expenses for the organization totaled $477.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION AND SUPPORT FOR ENTREPRENEURS IDENTIFYING AS WOMEN, BLACK, INDIGENOUS, PEOPLE OF COLOR (BIPOC), AND LGBTQ+ IN ORDER TO ELIMINATE PREJUDICE AND DISCRIMINATION IN THE ENTREPRENEURIAL ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, LUNAR EXECUTED THE SECOND VIRTUAL AND FOURTH FULL COHORT SERVING 15 ENTREPRENEURS. LUNAR EXPANDED THE PROGRAMMING TEAM BY HIRING THE FIRST ENTREPRENEUR IN RESIDENCE, CRITICAL IN BUILDING CAPACITY AND BRINGING NEW THOUGHT LEADERSHIP TO THE EXPERIENCE. LUNAR'S 4TH COHORT BROUGHT THE TOTAL PORTFOLIO TO 45 COMPANIES AND GAVE LUNAR THE STATISTICALLY SIGNIFICANT DATA TO FINALIZE THE ACCELERATOR METHODOLOGY. LUNAR ALSO INITIATED PHASE 1 OF AN IMPACT ASSESSMENT THAT ANALYZED THE PROJECTED ECONOMIC IMPACT OF THE COHORT COMPANIES IN MINNESOTA.LUNAR EVERYWHERE IS THE DIGITAL PLATFORM FOR EVENTS, PROGRAMMING, AND SCALING SUPPORT FOR FOUNDERS ACROSS THE REGION. IN 2021, LUNAR EXECUTED THE FIRST LUNAR SUMMIT SERIES FEATURING LOCAL AND NATIONAL EXPERTS, DELIVERING FOUR UNIQUE EVENTS TO 300 PARTICIPANTS AND RELEASING THAT CONTENT FOR ON-DEMAND CONSUMPTION.DURING THE SUMMIT, LUNAR ALSO LAUNCHED A NEW ONLINE COURSE, FUND YOUR STARTUP. THIS PILOT IS MEANT TO DEMYSTIFY CAPITAL FOR EMERGING ENTREPRENEURS AND WE'RE EXCITED TO EVOLVE THIS OFFERING FOR A BROADER AUDIENCE.LUNAR ALSO DEVELOPED A COMPELLING HR SYSTEM WITH COMPETITIVE BENEFITS TO ATTRACT TOP TALENT. THE LUNAR LEADERSHIP TEAM DEVELOPED A STRATEGIC AMBITION FOR THE NEXT THREE YEARS AND RAISED CRITICAL CAPITAL FROM NEW DONORS, CORPORATES, AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Steer Executive Director/secretary | OfficerTrustee | 40 | $104,990 |
Regina Blayney President | OfficerTrustee | 1 | $0 |
Andrea Davila Treasurer | OfficerTrustee | 0.5 | $0 |
Melissa Kjolsing Director | Trustee | 0.5 | $0 |
Michael Reszler Director | Trustee | 0.5 | $0 |
Lisa Goldson Armstrong Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $775,137 |
| Noncash contributions included in lines 1a–1f | $433 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,137 |
| Total Program Service Revenue | $54,900 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,389 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,990 |
| Compensation of current officers, directors, key employees. | $14,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,086 |
| Payroll taxes | $13,579 |
| Fees for services: Management | $119,844 |
| Fees for services: Legal | $4,496 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,702 |
| Advertising and promotion | $5,677 |
| Office expenses | $3,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $4,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,538 |
| All other expenses | $0 |
| Total functional expenses | $477,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $668,972 |
| Accounts payable and accrued expenses | $13,760 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,503 |
| Total liabilities | $21,263 |
| Net assets without donor restrictions | $273,586 |
| Net assets with donor restrictions | $374,123 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $668,972 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lunar Inc has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Mary T And James J Hill Library Foundation St Paul, MN PURPOSE: LUNAR ACCELERATOR | $150,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $110,000 |
F R Bigelow Foundation Trust 555 St Paul, MN PURPOSE: ADVANCING INCLUSION IN ENTREPRENEURSHIP GREATER COMMUNITY WEALTH | $30,000 |
Bush Foundation St Paul, MN PURPOSE: THE LUNAR SUMMIT WILL OFFER A UNIQUE DIGITAL EXPERIENCE FOR ENTREPRENEURS, ECOSYSTEM BUILDERS, INVESTORS AND ADVOCATES TO BE INSPIRED BY INNOVATIVE THOUGHT-LEADERS, CONNECT TO NEW NETWORKS, AND RECEIVE RELEVANT RESOURCES TO BUILD A MORE EQUITABLE ENTREPRENEURIAL ECOSYSTEM | $10,000 |
Peer Organizations
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|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |