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Nonprofiteer
← LINCOLN COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by LINCOLN COMMUNITY FOUNDATION INC.

Totals

Total revenue
$38,435,421
Total expenses
$27,734,589
Contributions and grants received
$32,373,317
Grants paid
$22,388,610
Program service revenue
$6,261
Investment income
$5,880,908
Other revenue
$174,935
Total assets, end of year
$211,371,387
Total liabilities, end of year
$10,326,506
Net assets or fund balances, end of year
$201,044,881
Program services expenses (Part IX)
$26,089,611
Management and general expenses
$1,008,056
Fundraising expenses
$636,922
Program service expenses (Part III)
$26,089,611

Program services were 94.1% 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.

  • 1f · All other contributions, gifts and grants

    $32,373,317

  • 1g · Noncash contributions included above

    $16,833,614

  • 2a · Program service revenue: LCF PROFESSIONAL FEES

    total $6,261 · related or exempt $6,261

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,145,304 · excluded $5,145,304

  • 6a · Gross rents

    real property $306,515

  • 6b · Less rental expenses

    real property $229,574

  • 6c · Rental income or loss

    real property $76,941 · personal property $0

  • 6d · Net rental income or loss

    total $76,941 · excluded $76,941

  • 7a · Gross sales of assets other than inventory

    securities $27,687,833

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

    securities $26,952,229

  • 7c · Gain or loss

    securities $735,604 · other assets $0

  • 7d · Net gain or loss

    total $735,604 · excluded $735,604

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $79,749 · excluded $79,749

  • 11b · Other revenue: PARTNERSHIP INCOME

    total $18,245 · unrelated business $18,245

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $97,994

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,894,110 · program services $21,894,110

  • 2 · Grants to domestic individuals

    total $494,500 · program services $494,500

  • 5 · Compensation of officers, directors and key employees

    total $678,425 · program services $267,853 · management and general $194,276 · fundraising $216,296

  • 7 · Other salaries and wages

    total $991,193 · program services $401,540 · management and general $354,114 · fundraising $235,539

  • 8 · Pension plan contributions

    total $93,562 · program services $74,850 · management and general $14,034 · fundraising $4,678

  • 9 · Other employee benefits

    total $155,787 · program services $52,084 · management and general $57,968 · fundraising $45,735

  • 10 · Payroll taxes

    total $110,905 · program services $42,255 · management and general $37,708 · fundraising $30,942

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $7,306 · program services $0 · management and general $7,306 · fundraising $0

  • 11c · Fees: accounting

    total $46,923 · program services $0 · management and general $46,923 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $135,263 · program services $0 · management and general $135,263 · fundraising $0

  • 11g · Fees: other

    total $18,521 · program services $0 · management and general $18,521 · fundraising $0

  • 12 · Advertising and promotion

    total $185,598 · program services $110,237 · management and general $28,028 · fundraising $47,333

  • 13 · Office expenses

    total $147,640 · program services $54,385 · management and general $59,778 · fundraising $33,477

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $24,890 · program services $21,758 · management and general $2,290 · fundraising $842

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $142,495 · program services $124,812 · management and general $11,011 · fundraising $6,672

  • 23 · Insurance

    total $23,652 · program services $8,988 · management and general $9,132 · fundraising $5,532

  • 24a · Other expenses: FISCAL SPONSORSHIPS

    total $2,428,315 · program services $2,428,315 · management and general $0 · fundraising $0

  • 24b · Other expenses: ANNUITY DISTRIBUTION

    total $67,801 · program services $67,801 · management and general $0 · fundraising $0

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $42,224 · program services $16,045 · management and general $16,303 · fundraising $9,876

  • 24d · Other expenses: MISSION INITIATIVES

    total $23,672 · program services $23,672 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $21,807 · program services $6,406 · management and general $15,401 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,507,167 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $33,240,933 · end of year $31,110,386

  • 3 · Pledges and grants receivable

    beginning of year $6,530,813 · end of year $6,465,528

  • 4 · Accounts receivable

    beginning of year $3,322 · end of year $3,446

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,063,521 · end of year $1,159,504

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

    $7,317,526

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

    $4,449,504

  • 10c · Land, buildings and equipment, net

    beginning of year $2,612,708 · end of year $2,868,022

  • 11 · Investments: publicly traded securities

    beginning of year $135,407,581 · end of year $165,329,731

  • 12 · Investments: other securities

    beginning of year $2,206,000 · end of year $2,206,000

  • 13 · Investments: program-related

    beginning of year $112,434 · end of year $123,946

  • 15 · Other assets

    beginning of year $2,155,626 · end of year $2,104,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $874,279 · end of year $837,548

  • 18 · Grants payable

    beginning of year $42,050 · end of year $145,300

  • 19 · Deferred revenue

    beginning of year $0 · end of year $9,192,660

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $191,331 · end of year $150,998

  • 27 · Net assets without donor restrictions

    beginning of year $175,434,116 · end of year $191,714,027

  • 28 · Net assets with donor restrictions

    beginning of year $9,298,329 · end of year $9,330,854

Mission and programs · 2023

Mission

Inspiring our community to give, act and lead.

  • GRANTS AND ALLOCATIONS TO NON-PROFIT CHARITABLE ORGANIZATIONS.

    Expenses $26,089,611 · Grants $22,388,610 · Revenue $6,261

As filed on the 2023 return.

Listed in Part VII

  • Linda Major

    Corporate Secretary

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Moore

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • Mark Hesser

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Ryan Beckman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Aaron Davis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Aaron Hilkemann

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ben Kiser

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Connie Edmond

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dan Marvin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Diane Temme Stinton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Eric Buchanan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jasmine Kingsley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Juan Carlos Huertas

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kile Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kim Robak

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lauren Pugliese

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Makenzie Rath

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marco Barker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Meg Lauerman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Ferris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Boyle

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Pam Hunzeker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Preeta Bansal

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ronnie Green

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sandra Washington

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steve Schaffer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susie Keisler-Munro

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Alec Gorynski

    President

    Total calculated
    $274,689
    From this org
    $243,936
    From related orgs
    $0
    Other
    $30,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,936
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,753
    Filer's total
    $274,689

  • Richard DeBuse

    Vice Pres-Development

    Total calculated
    $134,952
    From this org
    $128,016
    From related orgs
    $0
    Other
    $6,936
    Hours/week
    40

  • Scott Lawson

    Vice President-Finance

    Total calculated
    $144,762
    From this org
    $137,133
    From related orgs
    $0
    Other
    $7,629
    Hours/week
    40

  • Tracy Edgerton

    Vice Pres-Development

    Total calculated
    $124,022
    From this org
    $117,126
    From related orgs
    $0
    Other
    $6,896
    Hours/week
    40

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
SOCIAL CLUB DUES WERE PAID FOR THE PRESIDENT.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (4)

    CHARITABLE TRUST · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403139349303385

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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