Better Business Bureau Report for
Lincoln Foundation, Inc.

Better Business Bureau Report issued March 2016
Better Business Bureau Report expires March 2018


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 out of school enrichment programs. The signature program is the Whitney M. YOUNG Scholars ProgramĀ® which was created in 1990 to recruit academically talented, socioeconomically 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 360 students annually are served by this program.

For the fiscal year ended December 31, 2014, Lincoln Foundation, Inc.'s program expenses were:

  
Educational programs 780,861
Other programs 150,257
Grants and scholarships 58,825
Total Program Expenses: $989,943
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Governance

              

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

Chair of the Board: Ekumene Lysonge
Chair's Profession / Business Affiliation: General Counsel, Cafe Press

Board Size: 22

Paid Staff Size: 46

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Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, print advertisements, radio, grant proposals, internet, cause-related marketing
Fund raising costs were 32% of related contributions. (Related contributions, which totaled $467,228, 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, 2014.

Ending net assets as reported below include $4,532,384 in unrestricted net assets, $2,508,949 in temporarily restricted net assets, and $1,283,792 in permanently restricted net assets.

Unrestricted net assets include $3,926,342 in undesignated assets, $267,000 in Board designated, endowment assets, and $339,042 in Board designated, other assets.

Total assets as reported include $836,394 invested in property and equipment, net.


Source of Funds  
Rental Income 474,896
Net Realized and Unrealized Investment Gains 328,908
Contributions 203,395
In-kind Contributions 136,729
Investment Income 119,837
Grants 112,116
Miscellaneous 38,521
Special Events 14,988
Program Fees 5,930
Appreciation of investments held in trust by others 2,546
Total Income $1,437,866


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Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 11%  Administrative: 14% 

Total income $1,437,866
Program expenses $989,943
Fund raising expenses 150,625
Administrative expenses 188,686
Total expenses $1,329,254
Income in Excess of Expenses 108,612
Beginning net assets 8,216,513
Ending net assets 8,325,125
Total liabilities 422,653
Total assets $8,747,778


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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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