Skip to content
Nonprofiteer
← LINCOLN COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by LINCOLN COMMUNITY FOUNDATION.

Totals

Total revenue
$582,749
Total expenses
$119,234
Contributions and grants received
$572,512
Grants paid
$39,600
Program service revenue
$0
Investment income
$4,858
Other revenue
$5,379
Total assets, end of year
$1,197,938
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,197,938
Program services expenses (Part IX)
$99,928
Management and general expenses
$12,021
Fundraising expenses
$7,285
Program service expenses (Part III)
$99,928

Program services were 83.8% 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

    $572,512

  • 3 · Investment income

    total $4,858 · excluded $4,858

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $99,596

  • 8b · Fundraising events: direct expenses

    $94,717

  • 8c · Net income from fundraising events

    total $4,879 · excluded $4,879

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous

    total $500 · excluded $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,600 · program services $39,600

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $12,021 · management and general $12,021

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,390 · program services $1,390

  • 24a · Other expenses: ARPA Grants to entities

    total $35,340 · program services $35,340

  • 24b · Other expenses: Other Grant Awards

    total $9,457 · program services $9,457

  • 24c · Other expenses: Giving Tuesday

    total $7,000 · program services $7,000

  • 24d · Other expenses: Event Expenses

    total $6,595 · fundraising $6,595

  • 24e · All other expenses

    total $7,831 · program services $7,141 · fundraising $690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,168 · end of year $70,109

  • 2 · Savings and temporary cash investments

    beginning of year $618,807 · end of year $1,127,828

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $1

  • 27 · Net assets without donor restrictions

    beginning of year $646,975 · end of year $1,197,938

Mission and programs · 2024

Mission

To Cultivate Lincoln Philanthropy and Stewardship for Today and Tomorrow

  • To enhance the quality of life to the Lincoln community by funding projects of community-based organizations. Muliple organizations were funded in the fiscal year as well as community events.

    Expenses $99,928 · Grants $39,600

As filed on the 2024 return.

Listed in Part VII

  • Clair Luke

    Vice President

    Total calculated
    $0
    Hours/week
    4
  • Gregory Kevin

    Treasurer

    Total calculated
    $0
    Hours/week
    4
  • Rosemary Knutson

    Secretary

    Total calculated
    $0
    Hours/week
    4
  • Gary McDonald

    Director

    Total calculated
    $0
    Hours/week
    4
  • Stephanie Berger

    Director

    Total calculated
    $0
    Hours/week
    4
  • Eric Kurland

    Director

    Total calculated
    $0
    Hours/week
    4
  • Kris Knutson

    President

    Total calculated
    $0
    Hours/week
    4

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.2
Source object
202621319349305222

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.