Lincoln Society Inc
- Assets
- $931.9k
- Revenue
- $46.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2012
- Data as of
- 06/2020
- EIN
- 27-3014354
Organization Overview
Lincoln Society Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Lincoln Society Inc generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $18.1k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE LINCOLN SOCIETY SEEKS TO FOSTER AMONG ITS MEMBERS A DEEPER AND MORE GENUINE FRIENDSHIP FOR ONE ANOTHER; A BROADER VIEW OF THE WORLD OUTSIDE OF YALE; A STRONGER APPRECIATION FOR UNDERGRADUATE LIFE; AND TO GIVE ITS MEMBERS, AFTER GRADUATION, AN EVERLASTING BOND TO YALE AND TO EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUNDAY EVENING MEETINGS ARE DEVOTED TO INDIVIDUAL AUTOBIOGRAPHIES WHEREIN EACH MEMBER HAS AN ENTIRE EVENING TO PRESENT HIMSELF OR HERSELF. THE OTHER MEMBERS ASK QUESTIONS, PROBE THE IMPLICATONS OF THE INDIVIDUAL'S IDEAS AND EXPERIENCES AND PROVIDE EMOTIONAL AND INTELLECTUAL SUPPORT.
THURSDAY EVENING MEETINGS FEATURE DISCUSSIONS WHEREIN EACH MEMBER IS REQUIRED TO LEAD THE GROUP DISCUSSION ON A SOCIAL OR POLITICAL ISSUE IN WHICH HE OR SHE HAS EXPERTISE AND/OR A PASSION. SUBJECTS RANGE FROM A PARTICULAR TOPIC IN A MEMBER'S STUDIES OR INVOLVEMENT IN COMMUNITY SERVICE TO DISCUSSION OF EVENTS ON CAMPUS AND CURRENT POLITICAL ISSUES. THURSDAY NIGHT MEETINGS ALLOW MEMBERS TO INVITE PARTICULAR FACULTY MEMBERS TO TALK INFORMALLY ON A TOPIC OR RESEARCH PROJECT THAT THEY CANNOT INCLUDE IN THE REGULAR CLASS CURRICULUM. IT ALSO ALLOWS MEMBERS TO DRAW ON ALUMNI, VIRTUALLY ALL OF WHOM ARE MEMBERS OR HEADS OF NONPROFIT ORGANIZATIONS IN THEIR OWN COMMUNITIES.
THE PREPARATION AND DISTRIBUTION OF VARIOUS NEWSLETTERS THROUGHOUT THE ACADEMIC YEAR TO KEEP THE ALUMNI INFORMED AND UP TO DATE ON THE CURRENT STUDENT MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chandler Treasurer | OfficerTrustee | 2 | $0 |
Christopher T Cory Secretary | OfficerTrustee | 2 | $0 |
Lucas Riccardi President | OfficerTrustee | 2 | $0 |
Kaylin Williams Assistant Secretary | OfficerTrustee | 2 | $0 |
Wendy Cai Alumni Liason Officer | Trustee | 2 | $0 |
Robert T Olmstead Special Projects Officer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,174 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,159 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,452 |
| Advertising and promotion | $0 |
| Office expenses | $540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,572 |
| Travel | $247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,460 |
| Insurance | $1,318 |
| All other expenses | $358 |
| Total functional expenses | $18,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,090 |
| Other assets | $0 |
| Total assets | $931,923 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $78,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,945 |
| Total liabilities | $82,129 |
| Net assets without donor restrictions | $849,794 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $849,794 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lincoln Society Inc has recieved totaling $165,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $160,000 |
Winslow Family Foundation Belvedere, CA PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |
Pi Lambda Phi Fraternity Inc Greenwich, CT | $1,029,582 | $859,864 |