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Nonprofiteer
← LINCOLN MEDICAL EDUCATION PARTNERSHIP

Form 990 for tax year 2022

Filed by LINCOLN MEDICAL EDUCATION PARTNERSHIP.

Totals

Total revenue
$10,270,486
Total expenses
$10,118,847
Contributions and grants received
$3,540,620
Grants paid
$7,132
Program service revenue
$6,418,330
Investment income
$137,630
Other revenue
$173,906
Total assets, end of year
$10,254,367
Total liabilities, end of year
$1,338,802
Net assets or fund balances, end of year
$8,915,565
Program services expenses (Part IX)
$8,856,340
Management and general expenses
$1,262,507
Fundraising expenses
$0
Program service expenses (Part III)
$8,856,340

Program services were 87.5% 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

    $28,546

  • 1c · Fundraising events

    $9,369

  • 1e · Government grants (contributions)

    $348,974

  • 1f · All other contributions, gifts and grants

    $3,153,731

  • 2a · Program service revenue: PATIENT SVC-MEDICARE/MEDICAID

    total $3,203,390 · related or exempt $3,203,390

  • 2b · Program service revenue: PATIENT SVC-PRIVATE PAY

    total $3,193,824 · related or exempt $3,193,824

  • 2c · Program service revenue: TUITION

    total $18,498 · related or exempt $18,498

  • 2d · Program service revenue: MEDICAL INFORMATION

    total $2,618 · related or exempt $2,618

  • 3 · Investment income

    total $110,906 · excluded $110,906

  • 6a · Gross rents

    real property $444,326

  • 6b · Less rental expenses

    real property $295,726

  • 6c · Rental income or loss

    real property $148,600

  • 6d · Net rental income or loss

    total $148,600 · excluded $148,600

  • 7a · Gross sales of assets other than inventory

    securities $403,514

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

    securities $376,790

  • 7c · Gain or loss

    securities $26,724

  • 7d · Net gain or loss

    total $26,724 · excluded $26,724

  • 8a · Fundraising events: gross income

    $1,236

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

    $9,369

  • 8b · Fundraising events: direct expenses

    $3,163

  • 8c · Net income from fundraising events

    total -$1,927 · excluded -$1,927

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $27,233 · related or exempt $27,233

  • 11e · Other revenue, total

    $27,233

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,900 · program services $4,900

  • 2 · Grants to domestic individuals

    total $2,232 · program services $2,232

  • 5 · Compensation of officers, directors and key employees

    total $839,337 · program services $414,338 · management and general $424,999

  • 7 · Other salaries and wages

    total $5,544,929 · program services $5,432,835 · management and general $112,094

  • 8 · Pension plan contributions

    total $323,964 · program services $316,926 · management and general $7,038

  • 9 · Other employee benefits

    total $451,530 · program services $420,624 · management and general $30,906

  • 10 · Payroll taxes

    total $380,850 · program services $349,317 · management and general $31,533

  • 11b · Fees: legal

    total $385 · management and general $385

  • 11c · Fees: accounting

    total $82,395 · program services $13,175 · management and general $69,220

  • 11g · Fees: other

    total $331,032 · program services $162,454 · management and general $168,578

  • 13 · Office expenses

    total $685,713 · program services $627,910 · management and general $57,803

  • 16 · Occupancy

    total $189,134 · program services $187,402 · management and general $1,732

  • 17 · Travel

    total $18,578 · program services $18,185 · management and general $393

  • 19 · Conferences, conventions and meetings

    total $126,580 · program services $116,172 · management and general $10,408

  • 22 · Depreciation, depletion and amortization

    total $360,255 · program services $53,100 · management and general $307,155

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $352,897 · program services $352,897

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $328,992 · program services $298,538 · management and general $30,454

  • 24c · Other expenses: BAD DEBTS

    total $52,007 · program services $52,007

  • 24d · Other expenses: EQUIPMENT RELATED FEES

    total $43,137 · program services $33,328 · management and general $9,809

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $707,450 · end of year $367,365

  • 2 · Savings and temporary cash investments

    beginning of year $657,006 · end of year $1,291,284

  • 4 · Accounts receivable

    beginning of year $545,819 · end of year $640,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,071 · end of year $124,865

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

    $10,198,474

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

    $7,342,719

  • 10c · Land, buildings and equipment, net

    beginning of year $3,126,751 · end of year $2,855,755

  • 11 · Investments: publicly traded securities

    beginning of year $4,505,462 · end of year $4,647,726

  • 15 · Other assets

    beginning of year $128,749 · end of year $326,732

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,333,417 · end of year $1,300,430

  • 19 · Deferred revenue

    beginning of year $38,517 · end of year $38,372

  • 27 · Net assets without donor restrictions

    beginning of year $8,314,474 · end of year $8,806,665

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2022

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 $5,837,545 · Grants $2,232 · Revenue $4,614,689

  • LINCOLN PEDIATRIC HOSPITALISTS WORK CLOSELY WITH VARIOUS SPECIALISTS, INCLUDING FAMILY MEDICINE PROVIDERS, GENERAL SURGEONS, AND OTHER PEDIATRICIANS TO PROVIDE COMPREHENSIVE CARE DURING A CHILD'S HOSPITALIZATION. THE PEDIATRIC HOSPITALISTS SEE PATIENTS IN VARIOUS DEPARTMENTS, INCLUDING PEDIATRIC ACUTE CARE, NEWBORN NURSERY, EMERGENCY DEPARTMENT, LABOR AND DELIVERY, NEONATAL INTENSIVE CARE AND PEDIATRIC INTENSIVE CARE.

    Expenses $2,267,824 · Revenue $1,421,825

  • SCHOOL COMMUNITY INTERVENTION AND PREVENTION (SCIP) IS A PROGRAM DESIGNED TO BRING TOGETHER FAMILIES, SCHOOLS AND THE COMMUNITY TO SUPPORT STUDENT BEHAVIORIAL 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 $289,651 · Grants $4,900 · Revenue $23,586

  • OTHER PROGRAMS SUCH AS THE LINCOLN MEDICAL ACUPUNCTURE AND STEPPING STONES FOR FAMILIES.

    Expenses $461,320 · Revenue $385,463

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DR SABRINA CERNY

    PROGRAM DIRECTOR

    Total calculated
    $415,345
    From this org
    $365,772
    From related orgs
    $0
    Other
    $49,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,592
    Bonus
    $0
    Other
    $180
    Deferred
    $19,876
    Nontaxable benefits
    $29,697
    Filer's total
    $415,345

  • DR WADE FORNANDER

    FACULTY PHYSICIAN

    Total calculated
    $345,243
    From this org
    $295,896
    From related orgs
    $0
    Other
    $49,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,626
    Bonus
    $0
    Other
    $270
    Deferred
    $17,802
    Nontaxable benefits
    $31,545
    Filer's total
    $345,243

  • DR BETH SANLEY

    FACULTY PHYSICIAN

    Total calculated
    $287,395
    From this org
    $250,547
    From related orgs
    $0
    Other
    $36,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,403
    Bonus
    $0
    Other
    $144
    Deferred
    $4,738
    Nontaxable benefits
    $32,110
    Filer's total
    $287,395

  • DR DOUGLAS STATES

    FACULTY PHYSICIAN

    Total calculated
    $278,088
    From this org
    $240,923
    From related orgs
    $0
    Other
    $37,165
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $240,149
    Bonus
    $0
    Other
    $774
    Deferred
    $12,674
    Nontaxable benefits
    $24,491
    Filer's total
    $278,088

  • DR JACK LIONBERGER

    FACULTY PHYSICIAN

    Total calculated
    $269,627
    From this org
    $229,498
    From related orgs
    $0
    Other
    $40,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,118
    Bonus
    $0
    Other
    $380
    Deferred
    $9,400
    Nontaxable benefits
    $30,729
    Filer's total
    $269,627

  • DR EDDIE PIERCE

    FACULTY PHYSICIAN

    Total calculated
    $252,790
    From this org
    $214,592
    From related orgs
    $0
    Other
    $38,198
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $213,678
    Bonus
    $0
    Other
    $914
    Deferred
    $15,670
    Nontaxable benefits
    $22,528
    Filer's total
    $252,790

  • DR ALAN LINDERMAN

    PRESIDENT

    Total calculated
    $191,618
    From this org
    $179,339
    From related orgs
    $0
    Other
    $12,279
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $178,925
    Bonus
    $0
    Other
    $414
    Deferred
    $10,723
    Nontaxable benefits
    $1,556
    Filer's total
    $191,618

  • MICHAEL ALMOND

    CFO & PRACTICE ADMINISTRAT

    Total calculated
    $249,321
    From this org
    $209,157
    From related orgs
    $0
    Other
    $40,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,995
    Bonus
    $0
    Other
    $162
    Deferred
    $10,798
    Nontaxable benefits
    $29,366
    Filer's total
    $249,321

  • CAROL OTT SCHACHT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DEREK VANCE

    CHAIRMAN THRU 3/2023

    Total calculated
    $0
    Hours/week
    1

  • LUKE MITCHELL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DR ROBERT KOCH

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KORBY GILBERTSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR JASON KRUGER

    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

  • DR RICHARD THOMPSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR GEORGE HANSEN

    BOARD MEMBER THRU 12/2022

    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. 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
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202303499349300810

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