Better Business Bureau Report for
Lincoln Foundation, Inc.

Better Business Bureau Report issued January 2014
Better Business Bureau Report expires December 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Lincoln Foundation, Inc.
Address: 200 West Broadway, #500
  Louisville, KY 40202
Phone: 502-585-4733
Web Address: www.lincolnfdn.org
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Better Business Bureau Comments

Year, State Incorporated: 1910, Kentucky
Affiliates: None
Stated Purpose: To provide educational enrichment programs that develop and support youth in overcoming barriers to achievement.

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Evaluation Conclusions

              

Lincoln Foundation, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

The principal program service activities are non-traditional after school programs. The signature program is the Whitney M. YOUNG Scholars ProgramĀ® which was created in 1990 to recruit academically talented, economically disadvantaged seventh grade students in the Louisville Metro area and over a six-year period prepares them for high school graduation and successful matriculation into post-secondary educational institutions. This goal is reached through educational clinics, parental institutes, and summer institutes. Approximately 300 students annually are served by this program.

For the fiscal year ended December 31, 2012, Lincoln Foundation, Inc.'s program expenses were:

  
Educational programs 667,405
Other 112,466
Grants and scholarships 66,368
Total Program Expenses: $846,239
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Governance

              

Chief Executive : Larry M. McDonald, President
Compensation*: 

Chair of the Board: Alyce French Johnson
Chair's Profession / Business Affiliation: Assistant Executive Director, Transit Authority of River City

Board Size: 21

Paid Staff Size: 42

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, telephone, invitations to fund raising events, print advertisements, television, radio, grant proposals, and internet appeals.
Fund raising costs were 32% of related contributions. (Related contributions, which totaled $385,401, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Lincoln Foundation, Inc.'s audited financial statements for the fiscal year ended December 31, 2012.

Ending net assets as reported below include $4,208,262 in unrestricted net assets, $1,762,563 in temporarily restricted net assets, and $1,273,053 in permanently restricted net assets.

Unrestricted net assets include $3,645,487 in undesignated assets, $267,000 in Board designated, endowment assets, and $295,775 in Board designated, other assets.

Total assets as reported include $808,331 invested in property and equipment, net.





Source of Funds  
Rental Income 455,460
Contributions 200,632
Net realized and unrealized investment gains(losses) 162,621
Investment Income 134,110
In-Kind Contributions 110,417
Grants 58,146
Miscellaneous 37,031
Special Events, net 16,206
Appreciation of investments held in trust by others 5,344
Program Fees 5,225
Total Income $1,185,192


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Uses of Funds as a % of Total Expenses

Programs: 74%  Fund Raising: 11%  Administrative: 15% 

Total income $1,185,192
Program expenses $846,239
Fund raising expenses 125,048
Administrative expenses 176,006
Total expenses $1,147,293
Income in Excess of Expenses 37,899
Beginning net assets 7,205,979
Other Changes in Net Assets 37,257
Ending net assets 7,243,878
Total liabilities 375,920
Total assets $7,619,798


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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