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Nonprofiteer
← FOOD BANK OF LINCOLN FOUNDATION

Form 990 for tax year 2023

Filed by FOOD BANK OF LINCOLN FOUNDATION.

Totals

Total revenue
$276,203
Total expenses
$100,976
Contributions and grants received
$152,240
Grants paid
$85,000
Program service revenue
$0
Investment income
$123,963
Other revenue
$0
Total assets, end of year
$1,894,985
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,894,985
Program services expenses (Part IX)
$85,000
Management and general expenses
$15,976
Fundraising expenses
$0
Program service expenses (Part III)
$85,000

Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $152,240

  • 3 · Investment income

    total $121,409 · excluded $121,409

  • 7a · Gross sales of assets other than inventory

    securities $617,100

  • 7b · Less cost or other basis and sales expenses

    securities $614,546

  • 7c · Gain or loss

    securities $2,554

  • 7d · Net gain or loss

    total $2,554 · unrelated business $2,554

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,000 · program services $85,000

  • 11f · Fees: investment management

    total $14,296 · management and general $14,296

  • 23 · Insurance

    total $969 · management and general $969

  • 24a · Other expenses: MISC. EXPENSE

    total $711 · management and general $711

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $292,791 · end of year $376,705

  • 3 · Pledges and grants receivable

    end of year $50,000

  • 11 · Investments: publicly traded securities

    beginning of year $1,368,005 · end of year $1,468,280

  • 27 · Net assets without donor restrictions

    beginning of year $1,660,796 · end of year $1,894,985

Mission and programs · 2023

Mission

THE FOUNDATION IS DEDICATED TO THE DEVELOPMENT AND IMPLEMENTATION OF THE FOOD BANK, AN ORGANIZATION EXEMPT UNDER CODE SECTION 501(C)(3).

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE FOOD BANK OF LINCOLN, INC.

  • TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE FOOD BANK OF LINCOLN, INC.

    Expenses $85,000 · Grants $85,000 · Revenue $152,240

As filed on the 2023 return.

Listed in Part VII

  • Paula Hodges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Ledbetter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michaella Kumke

    PRESIDENT & CEO

    Total calculated
    $132,470
    From this org
    $0
    From related orgs
    $117,549
    Other
    $14,921
    Hours/week
    1 + 40 related

  • Dave Wilcox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Becky Gould

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Marilyn Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Young

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Ekeler

    CHIEF FINANCIAL OFFICER

    Total calculated
    $109,181
    From this org
    $0
    From related orgs
    $95,320
    Other
    $13,861
    Hours/week
    1 + 40 related

  • John Mabry

    VP OF FUNDRAISING & ENGAGE

    Total calculated
    $122,130
    From this org
    $0
    From related orgs
    $107,599
    Other
    $14,531
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202423199349301402

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