Lincoln Cornhuskers Inc
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 47-0832658
Organization Overview
Lincoln Cornhuskers Inc is located in Lincoln, NE. The organization was established in 2001. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Cornhuskers 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 12/2021, Lincoln Cornhuskers Inc generated $79.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $145.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PARTICIPATION IN AN AMATEUR BASKETBALL PROGRAM REGARDLESS OF RACE, RELIGION OR ECONOMIC BACKGROUND. GOALS OF THE ORGANIZATION ARE TO BUILD POSITIVE SELF-ESTEEM, LEADERSHIP SKILLS, STRONG WORK ETHIC, TIME MANAGEMENT SKILLS AND THE SPIRIT OF DEDICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lesoing President | 25 | $0 | |
Jennifer Lesoing Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,697 |
| Total Program Service Revenue | $65,221 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $250 |
| Occupancy, rent, utilities, and maintenance | $14,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $131,604 |
| Total expenses | $145,854 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,896 |
| Other assets | $0 |
| Total assets | $6,980 |
| Total liabilities | $179,316 |
| Net assets or fund balances | -$172,336 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lincoln Cornhuskers Inc has recieved totaling $16,320.
| Awarding Organization | Amount |
|---|---|
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL PURPOSES | $5,440 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL PURPOSES | $5,440 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL PURPOSES | $5,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Basketball Colorado Springs, CO | $46,718,605 | $26,707,052 |
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Iowa Youth Athletic Foundation Ames, IA | $5,772,700 | $2,413,447 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
Kingdom Cares International Des Moines, IA | $16,985 | $1,214,435 |
National Wheelchair Basketball Association Colorado Springs, CO | $460,123 | $1,032,822 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Colorado Titans Basketball Club Erie, CO | $120,554 | $938,742 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Beyond Ball Urbandale, IA | $92,012 | $636,105 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Yanders Law Springfield, MO | $182,701 | $285,827 |