Lincoln Energy Trust
- Assets
- $168.2k
- Revenue
- $6.9k
- Investments
- $154.5k
- Employees
- 0
- Location
- Ruston, LA
- Founding
- 08/1984
- Data as of
- 04/2024
- EIN
- 74-2325803
Organization Overview
Lincoln Energy Trust is located in Ruston, LA. The organization was established in 1984. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Energy Trust 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 04/2024, Lincoln Energy Trust generated $6.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $9.4k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,710 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$843 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,740 |
| Contributions, gifts, grants paid | $5,700 |
| Total expenses and disbursements | $9,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,712 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $154,523 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $168,235 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lincoln Energy Trust has awarded $7,041 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLAIBORNE ELECTRIC COOPERATIVE PURPOSE: PAY UTILITY BILLS FOR NEEDY INDIVIDUALS | $651 |
CITY OF RUSTON UTILITY DEPT PURPOSE: PAY UTILITY BILLS FOR NEEDY INDIVIDUALS | $115 |
CENTERPOINT ENERGY PURPOSE: PAY UTILITY BILLS FOR NEEDY INDIVIDUALS | $500 |
LINCOLN COUNCIL ON AGING PURPOSE: PUBLIC CHARITY | $5,775 |