Lincoln Academy Of Illinois
- Assets
- $1.5m
- Revenue
- $413.2k
- Investments
- $1.2m
- Employees
- 2
- Location
- Springfield, IL
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 36-6127397
Organization Overview
Lincoln Academy Of Illinois is located in Springfield, IL. The organization was established in 1965. As of 12/2021, Lincoln Academy Of Illinois employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Academy Of Illinois 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 Academy Of Illinois generated $413.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $323.6k during the year ending 12/2021. While expenses have increased by 3.7% 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 HONOR INDIVIDUALS WHOSE CONTRIBUTIONS TO THE BETTERMENT OF MANKIND HAVE BEEN ACCOMPLISHED IN OR ON BEHALF OF THE STATE OF ILLINOIS, OR WHOSE ACHIEVEMENTS HAVE BROUGHT HONOR TO THE STATE BECAUSE OF THEIR IDENTITY WITH IT, WHETHER BY BIRTH OR RESIDENCE, OR BY THEIR DEDICATION TO THOSE PRINCIPLES OF DEMOCRACY AND HUMANITY AS EXEMPLIFIED BY ABRAHAM LINCOLN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVOCATION AND INVESTITURE OF LAUREATES OF THE LINCOLN ACADEMY OF ILLINOIS.
TO HONOR SENIOR STUDENTS AT EACH OF THE FOUR-YEAR, DEGREE-GRANTING INSTITUTIONS IN ILLINOIS FOR OVERALL EXCELLENCE, IN BOTH CURRICULAR AND EXTRA-CURRICULAR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Kellner Executive Director | OfficerTrustee | 40 | $63,660 |
Leanne Barnhart Executive Director Designate | OfficerTrustee | 40 | $8,552 |
Governor Jb Pritzker President | OfficerTrustee | 1 | $0 |
Frank Clark Chancellor | OfficerTrustee | 1 | $0 |
The Honorable Ronald Dean Spears Vice-Chancellor | OfficerTrustee | 1 | $0 |
Ethel Holladay Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,264 |
| Total Program Service Revenue | $112,650 |
| Investment income | $8,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $413,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,212 |
| Compensation of current officers, directors, key employees. | $72,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,524 |
| Fees for services: Management | $16,091 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,003 |
| Office expenses | $3,650 |
| Information technology | $13,378 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,822 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,287 |
| All other expenses | $13,955 |
| Total functional expenses | $323,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,429 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,187,456 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,289 |
| Total assets | $1,460,174 |
| Accounts payable and accrued expenses | $3,271 |
| 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 | $3,271 |
| Net assets without donor restrictions | $1,456,903 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,460,174 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lincoln Academy Of Illinois has recieved totaling $44,650.
| Awarding Organization | Amount |
|---|---|
Patrick G And Shirley W Ryan Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE OPERATIONS | $25,000 |
Lavin Family Foundation Chicago, IL PURPOSE: GENERAL FUND | $10,000 |
Shea Family Foundation Inc Chicago, IL PURPOSE: GENERAL OPERATION | $8,500 |
Ransburg Foundation Peoria, IL PURPOSE: GENERAL PURPOSES OF THE ORGANIZATION | $1,150 |
Endowment Analysis
| Beg. Balance | $1,067,359 |
| Earnings | $117,847 |
| Net Contributions | $17,250 |
| Other Expense | $15,000 |
| Ending Balance | $1,187,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
Indiana Institute Of Technology Inc Fort Wayne, IN | $325,851,841 | $108,107,562 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
University Of Mount Union Alliance, OH | $316,310,745 | $109,042,625 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |