Lincoln Independent Business Association Inc

Organization Overview

Lincoln Independent Business Association Inc is located in Lincoln, NE. The organization was established in 1983. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Independent Business Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 02/2022, Lincoln Independent Business Association Inc generated $382.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $326.0k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LEADERSHIP AND EDUCATIONAL OPPORTUNITIES TO THE BUSINESS COMMUNITY; TO EDUCATE THE PUBLIC CONCERNING THE VITAL ROLE OF BUSINESS IN CREATION OF MEANINGFUL JOBS, AND IN MEETING THE PAYROLLS THAT ALLOW OUR CITIZENS TO ENJOY QUALITY OF LIFE; TO COMMUINICATE THE CONCERNS OF THE BUSINESS COMMUNITY TO ELECT AND APPOINTED OFFICIALS AT ALL LEVELS OF LOCAL GOVERNMENT; AND TO SUPPORT POLITICAL CANDIDATES WHO UNDERSTAND AND PROMOTE THE FREE ENTERPRISE SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT TO LIBA FOUNDATION FOR CHARITABLE ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Bud Synhorst
Executive Director
$143,631
Phil Young
Secretary
$0
Jim Hansen
Treasurer
$0
Lincoln Zehr
Committee Chairman
$0
Joe Frey
Chairman - Elect
$0
Kay Petersen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$267,563
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$267,563
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $291
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 $382,059

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lincoln Independent Business Association Inc has recieved totaling $400.

Awarding OrganizationAmount
Bettenhausen Family Foundation

Lincoln, NE

PURPOSE: GENERAL PURPOSE

$400
View Grant Recipient Profile

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