Foundation For Lincoln Public Schools
- Assets
- $17.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Lincoln, NE
- Founding
- 06/1987
- Data as of
- 08/2022
- EIN
- 36-3490560
Organization Overview
Foundation For Lincoln Public Schools is located in Lincoln, NE. The organization was established in 1987. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Foundation For Lincoln Public Schools employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Lincoln Public Schools 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 08/2022, Foundation For Lincoln Public Schools generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.9m during the year ending 08/2022. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation For Lincoln Public Schools has awarded 71 individual grants totaling $7,897,906. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
"THE FOUNDATION FOR LINCOLN PUBLIC SCHOOLS BELIEVES THAT ALL STUDENTS SHOULD HAVE WHAT THEY NEED TO REACH THEIR FULL POTENTIAL. WE ENGAGE OUR COMMUNITY TO INSPIRE STUDENTS AND EDUCATORS, AND CREATE EDUCATIONAL OPPORTUNITIES THAT ENHANCE ACADEMIC AND PERSONAL SUCCESS."
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS THAT ENHANCE THE LEARNING AT LINCOLN PUBLIC SCHOOLS BY PROVIDING ACCESS TO ALL STUDENTS OR ADDITIONAL OPPORTUNITIES FOR ANY STUDENT WHO WISHES TO EXPLORE THEIR PASSIONS. DISTRICT PRIORITY PROJECTS, POST- SECONDARY AND DUAL CREDIT SCHOLARSHIPS, TEACHER AWARDS AND CLASSROOM GRANTS ARE ALSO INCLUDED IN THIS WORK.
IMPLEMENTATION, DEVELOPMENT AND SUPPORT OF THE SPARK SUMMER LEARNING PROGRAM IN LINCOLN, NE
DEVELOPMENT AND IMPLEMENTATION OF A PROGRAM TO SUPPORT MORE LOW-INCOME AND FIRST GENERATION STUDENTS TO GRADUATE FROM HIGH SCHOOL AND ATTEND POST- SECONDARY SCHOOL. IMPLEMENTATION AND SUPPORT OF PROGRAM TO DIRECTLY CONNECT DONORS TO CLASSROOM NEED OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Van Executive Di | 40 | $105,226 | |
Patrick Beans Chair | OfficerTrustee | 1 | $0 |
Dr James Blake Vice Chair | OfficerTrustee | 1 | $0 |
Karli Mackley Treasurer El | OfficerTrustee | 1 | $0 |
Steve Schmidt Treasurer | OfficerTrustee | 1 | $0 |
James Walbridge Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,739,649 |
| Noncash contributions included in lines 1a–1f | $4,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,739,649 |
| Total Program Service Revenue | $0 |
| Investment income | $238,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $548,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,527,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,446,287 |
| Grants and other assistance to domestic individuals. | $252,704 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $557,878 |
| Pension plan accruals and contributions | $12,857 |
| Other employee benefits | $29,986 |
| Payroll taxes | $37,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $116,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,876 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,749 |
| Office expenses | $47,006 |
| Information technology | $36,683 |
| Royalties | $0 |
| Occupancy | $799 |
| Travel | $12,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,192 |
| Interest | $7,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99 |
| Insurance | $8,514 |
| All other expenses | $24,018 |
| Total functional expenses | $2,879,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,475,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $315,692 |
| Accounts receivable, net | $1,956 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,785,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $423,624 |
| Total assets | $17,002,214 |
| Accounts payable and accrued expenses | $91,509 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,847 |
| Total liabilities | $143,356 |
| Net assets without donor restrictions | $2,411,716 |
| Net assets with donor restrictions | $14,447,142 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,002,214 |
Grants Awarded
Over the last fiscal year, Foundation For Lincoln Public Schools has awarded $1,446,287 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $1,073,977 |
VARIOUS GRANTS 5000 | | | $150,674 |
JULIE MURRAY-JENSEN DBA DJ-WE PURPOSE: OTHER PROGRAM EXPENS | $43,668 |
KIDGLOV PURPOSE: OTHER PROGRAM EXPENS | $42,637 |
B & R STORES INC PURPOSE: STUDENT FAMILY ASSIS | $21,950 |
LINCOLN ELECTRIC SYSTEM PURPOSE: STUDENT FAMILY ASSIS | $21,914 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Lincoln Public Schools has recieved totaling $15,651.
| Awarding Organization | Amount |
|---|---|
Robert Dale Carstens Charitable Trust Lincoln, NE PURPOSE: PROVIDE SCHOLARSHIPS FOR STUDENTS | $15,651 |
Endowment Analysis
| Beg. Balance | $5,238,017 |
| Earnings | -$657,650 |
| Net Contributions | $40,636 |
| Other Expense | $251,835 |
| Ending Balance | $4,369,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson Ranch Arts Foundation Snowmass Village, CO | $19,349,000 | $7,444,141 |
Foundation For Lincoln Public Schools Lincoln, NE | $17,002,214 | $4,527,343 |
Art Students League Of Denver Denver, CO | $2,150,049 | $2,289,374 |
Tara Institute Of The Performing Arts Incorporated Boulder, CO | $2,762,734 | $2,020,459 |
Ah Haa School For The Arts Telluride, CO | $12,435,871 | $2,343,816 |
Friends Of The Denver School Of The Arts Denver, CO | $562,706 | $840,034 |
The Arts Campus At Willits Basalt, CO | $8,653,931 | $2,059,317 |
Global Livingston Institute Denver, CO | $1,078,528 | $1,092,204 |
Creative Adventure Lab Inc Dubuque, IA | $790,548 | $976,399 |
Think 360 Arts For Learning Inc Denver, CO | $645,307 | $859,165 |
Cottonwood Artists School Colorado Springs, CO | $1,046,085 | $1,010,192 |
402 Arts Collective Omaha, NE | $54,302 | $692,794 |