Lincoln Parks & Recreation Fndn
- Assets
- $24.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Lincoln, NE
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 36-3853746
Organization Overview
Lincoln Parks & Recreation Fndn, operating under the name Lincoln Parks Foundation, is located in Lincoln, NE. The organization was established in 1992. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Lincoln Parks Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Parks Foundation 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 12/2021, Lincoln Parks Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND NURTURE A PHILANTHROPIC LEGACY FOR PARKS AND RECREATION IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAJOR PROGRAM IS TO PROVIDE FUNDING FOR IMPROVING LINCOLN'S PARKS AND RECREATION SYSTEM AND PROGRAMS.2022 PROGRAM HIGHLIGHTS:ACTIVE FUNDRAISING FOR THE HOLMES LAKE DOCK, MIDWEST RACERS TRACK, VETERANS MEMORIAL GARDEN AND PREPARATION FOR THE SOUTH HAYMARKET PARK CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Brandt Chair | OfficerTrustee | 1 | $0 |
Kate Jarecke Vice Chair | OfficerTrustee | 1 | $0 |
Jessica Mcmullen Secretary | OfficerTrustee | 1 | $0 |
Pam Sheets Treasurer | OfficerTrustee | 3 | $0 |
Jeff Jewell Past Chair | OfficerTrustee | 1 | $0 |
Ann Avery Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,308,372 |
| Investment income | $385,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $160,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $24,045 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,881,227 |
| 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. | $92,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224,846 |
| Fees for services: Accounting | $14,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,954 |
| Fees for services: Other | $0 |
| Advertising and promotion | $86,781 |
| Office expenses | $31,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,301 |
| All other expenses | $0 |
| Total functional expenses | $2,983,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $815,835 |
| Savings and temporary cash investments | $6,538,297 |
| 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 | $16,767,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,122,129 |
| Accounts payable and accrued expenses | $11,853 |
| 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 | $0 |
| Total liabilities | $11,853 |
| Net assets without donor restrictions | $475,822 |
| Net assets with donor restrictions | $23,634,454 |
| 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 | $24,110,276 |
Grants Awarded
Over the last fiscal year, Lincoln Parks & Recreation Fndn has awarded $2,435,120 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LINCOLN NEBRASKA PURPOSE: PARK IMPROVEMENTS | $1,680,728 |
THE SOLIDAGO CONSERVANCY PURPOSE: PRESERVATION | $754,392 |