Lincolnite Club
- Assets
- $486.1k
- Revenue
- $231.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, AL
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 63-0853457
Organization Overview
Lincolnite Club is located in Marion, AL. The organization was established in 1985. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Lincolnite Club 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, Lincolnite Club generated $231.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $188.1k during the year ending 12/2021. While expenses have increased by 27.7% per year over the past 4 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
THE MISSION OF THE LINCOLNITE CLUB IS TO PRESERVE REVITALIZE AND PERPETUATE THE HISTORIC LINCOLN SCHOOL LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD UP TO EIGHT ACADEMIC SCHOLARSHIPS TO HIGH SCHOOL GRADUATES WHO RESIDE IN THE ALABAMA BLACK BELT OR WHOSE ANCESTORS RESIDED IN THE ALABAMA BLACK BELT. CRITERIA FOR A COMPETITIVE AWARD: 1. HIGH SCHOOL SENIOR 2. G.P.A. OF 2.50 OR HIGHER 3. DEMONSTRATES LEADERSHIP ABILITIES 4. BLACK BELT RESIDENT DESCENDANT 5. ENGAGES IN COMMUNITY SERVICE 6. PARTICIPATES IN EXTRA-CURRICULAR ACTIVITIES 7. WRITE A 250-WORD ESSAY: WHAT WOULD RECEIPT OF A LINCOLNITE CLUB INC. SCHOLARSHIP MEAN TO ME?
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bryant National President | Officer | 4 | $0 |
Robert H Turner Sr Trustee Board Chair | Officer | 4 | $0 |
Doris Hollis Treasurer | Officer | 6 | $0 |
Willie Mae Crews Vice President-Vice Chair Trustees | Officer | 8 | $0 |
Evelyn Stokes Financial Secretary | Officer | 12 | $0 |
Ethel Ree Waite Corresponding Secretary | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,350 |
| Total Program Service Revenue | $0 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,130 |
| 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 | $231,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,255 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,426 |
| 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 | $4,777 |
| All other expenses | $0 |
| Total functional expenses | $188,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,683 |
| Savings and temporary cash investments | $98,400 |
| 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 | $260,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $486,083 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $387,683 |
| Net assets with donor restrictions | $98,400 |
| 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 | $486,083 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincolnite Club has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Black Belt Community Foundation Inc Selma, AL PURPOSE: PASS THROUGH GRANT FROM ANOTHER ENTITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Ballenisles Country Club Inc Palm Beach Gardens, FL | $102,659,603 | $33,522,329 |
Bonita Bay Club Inc Bonita Springs, FL | $91,256,016 | $30,477,869 |
Broken Sound Club Inc Boca Raton, FL | $75,034,452 | $29,709,984 |
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |
Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |