Lunart Inc

Nonprofit profile at a glance

EIN
851125622
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Madison, WI, USA
Phone
6086953442
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Celebrations

Reported finances

Revenue
$102,119
Expenses
$119,859
Assets
$108,311
Liabilities
$1

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • IVANA UGRCIC (CEO/ARTISTIC DIRECTOR)

People named in this filing

  • IVANA UGRCIC (CEO/ARTISTIC DIRECTOR)
  • DAVE ALCORN (CHAIR)
  • KELLY PARKS SNIDER (VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire and educate communities by celebrating women's creativity in the arts through public performances, exhibitions, and collaborations.

What it reported doing in 2024

Lunart seeks to support, inspire, promote, and celebrate all women in the arts through public performances, exhibitions, workshops, and interdisciplinary collaboration, thus enriching our community and creating a welcoming space for learning and experimentation. In true lunart spirit, we exposed audiences to high-caliber local, national, and international artists. This year, we presented:1. Two chamber music gala concerts featuring over 17 new chamber music works, with 5 world and us premieres.2. A panel discussion, "her legacy, our voice", examining the current landscape for women artists and discussing how we can collectively uplift and celebrate their contributions. Through meaningful conversation, we aim to inspire action and empower artists to carry forward the voices of those who came before us (free of charge).3. A chamber music concert featuring works by six lunart composers' hub participants (free of charge). Featuring seven brand new chamber music and solo pieces. This program attracted the largest number of international artists to date. This program was led by dr. Chen yi, a prolific asian-american composer who blends chinese and western traditions, transcending cultural and musical boundaries.4. Commissioned a powerful series of portraits honoring three groundbreaking women composers of the past: amy beach, clara schumann, and florence price, by a local artist, desere mayo. Each portrait is rendered in mayo's signature pointillist style, using thousands of meticulously placed dots to bring these musical pioneers to life with stunning depth and texture. All of our events have a celebratory spirit, using the power of women's artistic voices as the impetus for discussions. Following lunart events, several audience members (both women and men) commented on feeling empowered, inspired to create, and driven to become change-makers.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.6%; rating input score 75
  • Program expense ratio: 63.5%; rating input score 64

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -17.4%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.9; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 19.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -9.8% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -4.3% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 19.5% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 74.6% of revenue deployed · 63.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.