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Nonprofiteer
← LINCOLN MEDICAL EDUCATION PARTNERSHIP

Form 990 for tax year 2023

Filed by LINCOLN MEDICAL EDUCATION PARTNERSHIP.

Totals

Total revenue
$9,421,816
Total expenses
$8,925,006
Contributions and grants received
$3,005,374
Grants paid
$1,947
Program service revenue
$4,596,327
Investment income
$1,340,316
Other revenue
$479,799
Total assets, end of year
$9,526,389
Total liabilities, end of year
$926,169
Net assets or fund balances, end of year
$8,600,220
Program services expenses (Part IX)
$6,986,888
Management and general expenses
$1,938,118
Fundraising expenses
$0
Program service expenses (Part III)
$6,986,888

Program services were 78.3% 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.

  • 1a · Federated campaigns

    $24,343

  • 1c · Fundraising events

    $12,517

  • 1e · Government grants (contributions)

    $341,729

  • 1f · All other contributions, gifts and grants

    $2,626,785

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $4,586,538 · related or exempt $4,586,538

  • 2b · Program service revenue: TUITION

    total $9,789 · related or exempt $9,789

  • 3 · Investment income

    total $160,901 · excluded $160,901

  • 6a · Gross rents

    real property $458,438

  • 6b · Less rental expenses

    real property $44,676

  • 6c · Rental income or loss

    real property $413,762

  • 6d · Net rental income or loss

    total $413,762 · excluded $413,762

  • 7a · Gross sales of assets other than inventory

    securities $4,534,168

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

    securities $3,354,753

  • 7c · Gain or loss

    securities $1,179,415

  • 7d · Net gain or loss

    total $1,179,415 · excluded $1,179,415

  • 8a · Fundraising events: gross income

    $1,355

  • 8a · Fundraising events: contributions included on line 1c

    $12,517

  • 8b · Fundraising events: direct expenses

    $4,232

  • 8c · Net income from fundraising events

    total -$2,877 · excluded -$2,877

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $68,914 · related or exempt $68,914

  • 11e · Other revenue, total

    $68,914

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,947 · program services $1,947

  • 5 · Compensation of officers, directors and key employees

    total $826,747 · program services $448,845 · management and general $377,902

  • 7 · Other salaries and wages

    total $4,391,254 · program services $4,206,956 · management and general $184,298

  • 8 · Pension plan contributions

    total $223,137 · program services $209,271 · management and general $13,866

  • 9 · Other employee benefits

    total $561,964 · program services $539,199 · management and general $22,765

  • 10 · Payroll taxes

    total $331,843 · program services $296,452 · management and general $35,391

  • 11b · Fees: legal

    total $11,873 · management and general $11,873

  • 11c · Fees: accounting

    total $58,760 · management and general $58,760

  • 11g · Fees: other

    total $535,649 · program services $213,799 · management and general $321,850

  • 13 · Office expenses

    total $233,443 · program services $171,164 · management and general $62,279

  • 14 · Information technology

    total $325,548 · program services $290,172 · management and general $35,376

  • 16 · Occupancy

    total $479,272 · program services $8,287 · management and general $470,985

  • 17 · Travel

    total $15,310 · program services $14,648 · management and general $662

  • 19 · Conferences, conventions and meetings

    total $111,205 · program services $105,523 · management and general $5,682

  • 22 · Depreciation, depletion and amortization

    total $321,575 · program services $27,216 · management and general $294,359

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $382,354 · program services $382,354

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $78,966 · program services $49,984 · management and general $28,982

  • 24c · Other expenses: EQUIPMENT RELATED FEES

    total $34,159 · program services $21,071 · management and general $13,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,365 · end of year $474,188

  • 2 · Savings and temporary cash investments

    beginning of year $1,291,284 · end of year $4,202,926

  • 4 · Accounts receivable

    beginning of year $640,640 · end of year $401,593

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,865 · end of year $100,908

  • 10a · Land, buildings and equipment: cost or other basis

    $10,166,590

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,480,131

  • 10c · Land, buildings and equipment, net

    beginning of year $2,855,755 · end of year $2,686,459

  • 11 · Investments: publicly traded securities

    beginning of year $4,647,726 · end of year $1,194,752

  • 15 · Other assets

    beginning of year $326,732 · end of year $465,563

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,300,430 · end of year $887,901

  • 19 · Deferred revenue

    beginning of year $38,372 · end of year $38,268

  • 27 · Net assets without donor restrictions

    beginning of year $8,806,665 · end of year $8,491,220

  • 28 · Net assets with donor restrictions

    beginning of year $108,900 · end of year $109,000

Mission and programs · 2023

Mission

TO PROVIDE FAMILY PRACTICE TRAINING AND, IN SUPPORT OF THAT END, RELEVANT HEALTHCARE EDUCATION AND SERVICES.

Activities or mission (Part I)

TO PROVIDE FAMILY PRACTICE TRAINING AND RELEVANT HEALTHCARE EDUCATION AND SERVICES.

  • THE LINCOLN FAMILY MEDICINE PROGRAM (LFMP) IS ONE OF THE COUNTRY'S PREEMINENT COMMUNITY-BASED RESIDENCY PROGRAMS, ATTRACTING SOME OF THE BRIGHTEST RESIDENT PHYSICIANS IN THE U.S. AND AROUND THE WORLD. A FULLY ACCREDITED PROGRAM, LFMP IS AFFILIATED WITH THE UNIVERSITY OF NEBRASKA MEDICAL CENTER. THE LINCOLN FAMILY MEDICINE PROGRAM PLAYS A CRUCIAL ROLE IN MEETING THE MIDWEST'S NEED FOR PRIMARY CARE PHYSICIANS AND OPERATES THE LINCOLN FAMILY MEDICINE CENTER (LFMC). THE LFMC IS THE PRIMARY EDUCATION SITE FOR THE TRAINING OF RESIDENTS OF LFMP. FUNCTIONING AS A MODEL GROUP PRACTICE, LFMP RESIDENTS CARE FOR PATIENTS IN THE CENTER BY APPOINTMENT.

    Expenses $6,183,794 · Grants $1,947 · Revenue $4,543,499

  • LINCOLN MEDICAL ACUPUNCTURE IS AN INTEGRATIVE CLINIC THAT OFFERS PERSONALIZED, HOLISTIC CARE BY BLENDING ACUPUNCTURE WITH WESTERN MEDICINE. THE SKILLED MEDICAL ACUPUNCTURISTS FOCUS ON TREATING VARIOUS CONDITIONS SUCH AS CHRONIC PAIN, STRESS, AND MUSCULOSKELETAL ISSUES USING A COMPREHENSIVE APPROACH THAT INCLUDES ACUPUNCTURE, CUPPING, AND MASSAGE TO SUPPORT HEALING AND RECOVERY. THE CLINIC IS COMMITTED TO FOSTERING OVERALL HEALTH AND VITALITY THROUGH A NATURAL AND BALANCED HEALING PROCESS.

    Expenses $300,554 · Revenue $91,550

  • SCHOOL COMMUNITY INTERVENTION AND PREVENTION (SCIP) IS A PROGRAM DESIGNED TO BRING TOGETHER FAMILIES, SCHOOLS, AND THE COMMUNITY TO SUPPORT STUDENT BEHAVIORAL AND EMOTIONAL HEALTH. SCIP'S MISSION IS TO PROVIDE AN EFFECTIVE PREVENTION AND EARLY INTERVENTION PROCESS FOR YOUTH WITH BEHAVIORAL HEALTH CONCERNS, SO THEY MAY ACHIEVE HEALTHY, PRODUCTIVE LIVES. SCIP WORKS WITH SCHOOLS BY PROVIDING TOOLS AND RESOURCES TO ADDRESS BEHAVIORAL AND EMOTIONAL HEALTH ISSUES THAT IMPACT CHILDREN, ADOLESCENTS, AND THEIR FAMILIES.

    Expenses $253,189 · Revenue $17,837

  • OTHER PROGRAMS SUCH AS THE LINCOLN PEDIATRIC HOSPITALISTS AND STEPPING STONES FOR FAMILIES.

    Expenses $249,351 · Revenue $12,355

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Alan Linderman

    PRESIDENT

    Total calculated
    $196,236
    From this org
    $185,160
    From related orgs
    $0
    Other
    $11,076
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $185,160
    Bonus
    $0
    Other
    $0
    Deferred
    $11,076
    Nontaxable benefits
    $0
    Filer's total
    $196,236

  • Carol Ott Schacht

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Luke Mitchell

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Jason Kruger

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Robert Koch

    SECRETARY/TREASURER THRU 9/2023

    Total calculated
    $0
    Hours/week
    1

  • Korby Gilbertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Mooss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Ahsan Naseem

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Michael Sayers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Ganyo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tyler Dejong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard Thompson

    BOARD MEMBER THRU 12/2023

    Total calculated
    $0
    Hours/week
    1

  • Michael Almond

    CFO & PRACTICE ADMINISTRATOR THRU 9/2023

    Total calculated
    $269,341
    From this org
    $233,917
    From related orgs
    $0
    Other
    $35,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,917
    Bonus
    $0
    Other
    $0
    Deferred
    $10,342
    Nontaxable benefits
    $25,082
    Filer's total
    $269,341

  • Dr Sabrina Cerny

    PROGRAM DIRECTOR

    Total calculated
    $443,919
    From this org
    $393,851
    From related orgs
    $0
    Other
    $50,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,851
    Bonus
    $0
    Other
    $0
    Deferred
    $20,051
    Nontaxable benefits
    $30,017
    Filer's total
    $443,919

  • Dr Wade Fornander

    FACULTY PHYSICIAN

    Total calculated
    $397,273
    From this org
    $345,803
    From related orgs
    $0
    Other
    $51,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,803
    Bonus
    $0
    Other
    $0
    Deferred
    $18,872
    Nontaxable benefits
    $32,598
    Filer's total
    $397,273

  • Dr Beth Sanley

    FACULTY PHYSICIAN

    Total calculated
    $352,178
    From this org
    $309,178
    From related orgs
    $0
    Other
    $43,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,178
    Bonus
    $0
    Other
    $0
    Deferred
    $10,203
    Nontaxable benefits
    $32,798
    Filer's total
    $352,179

  • Dr Jack Lionberger

    FACULTY PHYSICIAN

    Total calculated
    $307,422
    From this org
    $257,696
    From related orgs
    $0
    Other
    $49,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,696
    Bonus
    $0
    Other
    $0
    Deferred
    $15,600
    Nontaxable benefits
    $34,126
    Filer's total
    $307,422

  • Dr Douglas States

    FACULTY PHYSICIAN

    Total calculated
    $276,575
    From this org
    $240,087
    From related orgs
    $0
    Other
    $36,488
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $240,087
    Bonus
    $0
    Other
    $0
    Deferred
    $12,228
    Nontaxable benefits
    $24,260
    Filer's total
    $276,575

  • Dr Eddie Pierce

    FACULTY PHYSICIAN

    Total calculated
    $197,041
    From this org
    $164,224
    From related orgs
    $0
    Other
    $32,817
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $164,224
    Bonus
    $0
    Other
    $0
    Deferred
    $9,850
    Nontaxable benefits
    $22,967
    Filer's total
    $197,041

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202520159349302587

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