Skip to content
Nonprofiteer
← LINCOLN TRAIL COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by LINCOLN TRAIL COLLEGE FOUNDATION.

Totals

Total revenue
$783,564
Total expenses
$404,842
Contributions and grants received
$510,302
Grants paid
$260,037
Program service revenue
$0
Investment income
$186,004
Other revenue
$87,258
Total assets, end of year
$6,684,525
Total liabilities, end of year
$40,633
Net assets or fund balances, end of year
$6,643,892
Program services expenses (Part IX)
$283,307
Management and general expenses
$102,040
Fundraising expenses
$19,495
Program service expenses (Part III)
$283,307

Program services were 70.0% 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

    $510,302

  • 3 · Investment income

    total $186,004 · excluded $186,004

  • 5 · Royalties

    total $170 · excluded $170

  • 6a · Gross rents

    real property $60,245

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $60,245

  • 6d · Net rental income or loss

    total $60,245 · excluded $60,245

  • 8a · Fundraising events: gross income

    $56,562

  • 8b · Fundraising events: direct expenses

    $35,146

  • 8c · Net income from fundraising events

    total $21,416 · excluded $21,416

  • 11a · Other revenue: Miscellaneous

    total $3,427 · excluded $3,427

  • 11b · Other revenue: Sales from Hay

    total $2,000 · excluded $2,000

  • 11e · Other revenue, total

    $5,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $260,037 · program services $260,037

  • 5 · Compensation of officers, directors and key employees

    total $19,800 · program services $4,950 · management and general $9,900 · fundraising $4,950

  • 7 · Other salaries and wages

    total $44,425 · program services $11,106 · management and general $22,213 · fundraising $11,106

  • 10 · Payroll taxes

    total $4,913 · program services $1,228 · management and general $2,457 · fundraising $1,228

  • 11b · Fees: legal

    total $15 · management and general $15

  • 11c · Fees: accounting

    total $19,585 · management and general $19,585

  • 13 · Office expenses

    total $14,339 · management and general $14,339

  • 16 · Occupancy

    total $8,843 · program services $2,211 · management and general $4,421 · fundraising $2,211

  • 17 · Travel

    total $4,800 · management and general $4,800

  • 22 · Depreciation, depletion and amortization

    total $3,775 · program services $3,775

  • 23 · Insurance

    total $11,231 · management and general $11,231

  • 24a · Other expenses: Miscellaneous

    total $13,079 · management and general $13,079

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $167,214 · end of year $525,635

  • 4 · Accounts receivable

    beginning of year $281,451 · end of year $44,575

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,084 · end of year $13,834

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

    $307,508

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

    $30,030

  • 10c · Land, buildings and equipment, net

    beginning of year $281,253 · end of year $277,478

  • 11 · Investments: publicly traded securities

    beginning of year $5,461,927 · end of year $5,817,891

  • 15 · Other assets

    beginning of year $0 · end of year $5,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $227,498 · end of year $35,079

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,554

  • 27 · Net assets without donor restrictions

    beginning of year $825,000 · end of year $827,923

  • 28 · Net assets with donor restrictions

    beginning of year $5,163,431 · end of year $5,815,969

Mission and programs · 2022

Mission

To provide support to Lincoln Trail College.

  • The Foundation was established for the purpose of promoting Lincoln Trail College. Programs include scholarships, athletic programs, and professional development support.

    Expenses $283,307 · Grants $260,037

As filed on the 2022 return.

Listed in Part VII

  • Jerry Bailey

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Jeanette Berty

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kevin McConnell

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • William Sandiford

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Diana Thompson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • James Harmon

    Executive Director

    Total calculated
    $19,800
    From this org
    $19,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • William Holt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Knollenberg

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dan McDonald

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Sheila Mikeworth

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Gary Oxford

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • William Thomas

    asst. Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Lydia Williams

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tony Pleasant

    President

    Total calculated
    $0
    Hours/week
    5

  • Angie Elliott

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robbie Nethery

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Greg Brooks

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Roger Eddy

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cindy Grimm

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Esther Harmon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Amy Macak

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Meador

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Von Meeks

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Allen Price

    Board Member

    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

  • Lincoln Trail College

    $220,372

    Various Student Scholarships/Grants

Provenance

Return type
form_990
Tax year
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202400249349301700

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

The source document this was parsed from is served over the API, which is where bulk and document access live.