Lincoln Foundation
- Assets
- $12.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Louisville, KY
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 61-0449631
Organization Overview
Lincoln Foundation is located in Louisville, KY. The organization was established in 1993. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Lincoln Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln 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 12/2022, Lincoln Foundation generated $1.6m 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 (7.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS THAT DEVELOP AND SUPPORT YOUTH IN OVERCOMING SOCIAL AND ECONOMIC BARRIERS TO ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WHITNEY M. YOUNG SCHOLARS PROGRAM IS A COLLEGE READINESS PROGRAM FOR PROMISING YOUTH FROM UNDER-RESOURCED COMMUNITIES THROUGHOUT THE LOUISVILLE AREA. THE PROGRAM PROVIDES SCHOLARS AN ALTERNATIVE PATH, RAISING THEIR SIGHTS AND FOSTERING THE DEVELOPMENT OF A NEW GENERATION OF THOUGHT-LEADERS, CHANGE MAKERS AND TRAILBLAZERS. STUDENTS COMMIT TO PARTICIPATE IN EXPERIENTIAL SATURDAY MORNING AND SUMMER PROGRAMS THAT PREPARE THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR HIGH SCHOOL GRADUATION AND THE RIGORS OF COLLEGE. ELIGIBLE STUDENTS MUST HAVE A MINIMUM GRADE POINT AVERAGE OF 3.0 AND QUALIFY FOR FREE OR REDUCED LUNCH. APPROXIMATELY 400 STUDENTS ARE SERVED BY THIS PROGRAM ANNUALLY.
THE MATH & SCIENCE SUMMER PROGRAM HELD AT THE KENTUCKY SCIENCE CENTER ENGAGES HIGH SCHOOL STUDENTS IN A REAL WORLD LABORATORY SETTING. APPROXIMATELY 50 HIGH SCHOOL STUDENTS GATHER INFORMATION, CONDUCT SCIENTIFIC INVESTIGATIONS, SOLVE PROBLEMS, DESIGN PROJECTS, AND PRESENT SUSTAINABLE SOLUTIONS. THE PROGRAM UTILIZES STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) TEACHING STRATEGIES TO HELP STUDENTS RESEARCH THREE FOCUS AREAS OF BIODIVERSITY, WATER QUALITY, AND ENERGY. PROGRAM PARTNERS INCLUDE UOFL COLLEGE OF ARTS AND SCIENCES, UPS, GE, AND LG&E AND KU ENERGY LLC.
DIGITAL TRANSFORMATION ACADEMY - PARTNERSHIP WITH THE UNIVERSITY OF LOUISVILLE RISING STARS - PARTNERSHIP WITH THE UNIVERSITY OF LOUISVILLE INSPIRE PROGRAM - PARTNERSHIP WITH THE J.P. SPEED SCHOOL OF ENGINEERING - UNIVERSITY OF LOUISVILLE EDUCATIONAL OPPORTUNITY SCHOLARSHIP FUNDWHITNEY M. YOUNG, JR. BIRTHPLACE (NATIONAL HISTORIC LANDMARK)SIMPSONVILLE PROPERTY (INCLUDES U.S. DEPT. OF LABOR LEASE INCOME).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Bradley Jr President | OfficerTrustee | 40 | $202,113 |
Genelle Farley Cochran Trustee | Trustee | 0.5 | $0 |
Louis Defreeze Trustee | Trustee | 0.5 | $0 |
Laura Douglas Trustee (term End 12/31/22) | Trustee | 0.5 | $0 |
Herman Dubose Jr Trustee | Trustee | 0.5 | $0 |
Douglas Edwards Trustee (term End 2/18/22) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,183 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $819,974 |
| Noncash contributions included in lines 1a–1f | $30,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $870,157 |
| Total Program Service Revenue | $472,593 |
| Investment income | $301,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,289 |
| Net Gain/Loss on Asset Sales | -$98,447 |
| Net Income from Fundraising Events | -$6,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,599,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $104,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,869 |
| Compensation of current officers, directors, key employees. | $42,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,762 |
| Pension plan accruals and contributions | $16,695 |
| Other employee benefits | $48,211 |
| Payroll taxes | $63,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92 |
| Fees for services: Accounting | $22,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,715 |
| Fees for services: Other | $5,571 |
| Advertising and promotion | $17,090 |
| Office expenses | $30,117 |
| Information technology | $62,458 |
| Royalties | $0 |
| Occupancy | $73,991 |
| Travel | $7,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,770 |
| Insurance | $33,979 |
| All other expenses | $18,387 |
| Total functional expenses | $1,644,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,559 |
| Savings and temporary cash investments | $735,969 |
| Pledges and grants receivable | $281,731 |
| Accounts receivable, net | $92,764 |
| 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 | $48,641 |
| Net Land, buildings, and equipment | $2,069,793 |
| Investments—publicly traded securities | $7,963,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,625 |
| Total assets | $12,050,462 |
| Accounts payable and accrued expenses | $78,659 |
| Grants payable | $0 |
| Deferred revenue | $52,584 |
| 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 | $501,948 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,987 |
| Total liabilities | $697,178 |
| Net assets without donor restrictions | $4,222,105 |
| Net assets with donor restrictions | $7,131,179 |
| 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 | $12,050,462 |