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Nonprofiteer
← LINCOLN PARKS & RECREATION FNDN

Form 990 for tax year 2024

Filed by LINCOLN PARKS & RECREATION FNDN.

Totals

Total revenue
$3,885,050
Total expenses
$2,861,927
Contributions and grants received
$2,397,148
Grants paid
$2,055,464
Program service revenue
$8,228
Investment income
$1,466,345
Other revenue
$13,329
Total assets, end of year
$24,571,979
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$24,571,979
Program services expenses (Part IX)
$2,435,325
Management and general expenses
$316,212
Fundraising expenses
$110,390
Program service expenses (Part III)
$2,435,325

Program services were 85.1% 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.

  • 1e · Government grants (contributions)

    $63,850

  • 1f · All other contributions, gifts and grants

    $2,333,298

  • 2a · Program service revenue: SENIOR DANCE

    total $8,228 · related or exempt $8,228

  • 3 · Investment income

    total $805,341 · excluded $805,341

  • 7a · Gross sales of assets other than inventory

    securities $9,998,823

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

    securities $9,337,819

  • 7c · Gain or loss

    securities $661,004

  • 7d · Net gain or loss

    total $661,004 · excluded $661,004

  • 9a · Gaming: gross income

    $25,321

  • 9b · Gaming: direct expenses

    $11,992

  • 9c · Net income from gaming

    total $13,329 · unrelated business $13,329

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,055,464 · program services $2,055,464

  • 5 · Compensation of officers, directors and key employees

    total $117,711 · program services $29,428 · management and general $58,855 · fundraising $29,428

  • 7 · Other salaries and wages

    total $92,150 · program services $31,480 · management and general $60,670

  • 10 · Payroll taxes

    total $19,472 · program services $5,650 · management and general $11,092 · fundraising $2,730

  • 11b · Fees: legal

    total $6,675 · management and general $6,675

  • 11c · Fees: accounting

    total $17,409 · program services $17,409

  • 11e · Fees: professional fundraising services

    total $78,232 · fundraising $78,232

  • 11f · Fees: investment management

    total $58,563 · management and general $58,563

  • 11g · Fees: other

    total $311,270 · program services $283,928 · management and general $27,342

  • 12 · Advertising and promotion

    total $8,751 · program services $875 · management and general $7,876

  • 13 · Office expenses

    total $17,964 · program services $4,689 · management and general $13,275

  • 16 · Occupancy

    total $71,505 · program services $1,100 · management and general $70,405

  • 17 · Travel

    total $1,459 · management and general $1,459

  • 23 · Insurance

    total $5,302 · program services $5,302

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $904,773 · end of year $3,733,800

  • 2 · Savings and temporary cash investments

    beginning of year $5,722,572 · end of year $3,396,364

  • 4 · Accounts receivable

    beginning of year $4,888 · end of year $3,328

  • 7 · Other notes and loans receivable

    beginning of year $143,437

  • 11 · Investments: publicly traded securities

    beginning of year $15,848,594 · end of year $17,438,487

  • 27 · Net assets without donor restrictions

    beginning of year $993,002 · end of year $785,519

  • 28 · Net assets with donor restrictions

    beginning of year $21,631,262 · end of year $23,786,460

Mission and programs · 2024

Mission

TO INSPIRE AND NURTURE A PHILANTHROPIC LEGACY FOR PARKS AND RECREATION IN OUR COMMUNITY.

  • THE FOUNDATION'S MAJOR PROGRAM IS TO PROVIDE FUNDING FOR IMPROVING LINCOLN'S PARKS AND RECREATION SYSTEM AND PROGRAMS. 2024 PROGRAM HIGHLIGHTS: ACTIVE FUNDRAISING FOR THE SOUTH HAYMARKET PARK PROJECT.

    Expenses $2,435,325 · Grants $2,055,464

As filed on the 2024 return.

Listed in Part VII

  • Randy Gordon

    EXECUTIVE DI

    Total calculated
    $117,710
    From this org
    $117,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mike Abramson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Avery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Carlson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kate Jarecke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Jewell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Keele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Knudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica McMullen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jason Muhleisen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Roach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pam Sheets

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ray Stevens

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Nate Wieting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jj Yost

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
6 November 2025
IRS schema version
2024v5.0
Source object
202543109349300219

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