Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1964.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
64 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
18 people listed on the 990; $324K paid to officers and key staff (Part VII, Section A).
Jeffrey Burroughs’s $196K as Head of Scho is at the 35th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jeffrey Burroughs | $196,246 | $187,775 | $176,759 | $171,510 | $174,281 | $96,990 |
| Wendy Corlett | $127,475 | $116,090 | $103,193 | $100,033 | $98,286 | $95,362 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Lincoln Academy executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates students to develop skills, scholarship, service, and leadership for fulfilling lives.
Questions for Lincoln Academy
Your first name shows with your question. Lincoln Academy answers here, for everyone.
Lincoln Academy is a town Academy high school for schools in the region that have school choice for their high school. We also service domestic and international residential student programs.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0219126) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $7.8M | $7.5M | $7.0M | $6.8M | $8.2M |
| AddedLn 1b | $4K | $44K | $10K | $59K | $22K |
| SpentLn 1d–1f | $426K | $379K | $407K | $671K | $244K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $454K | $651K |
| InvestmentsLn 11–13 | $10.9M | $10.8M |
| Land, buildings, equipmentLn 10c | $12.8M | $12.1M |
| Total assetsLn 16 | $25.0M | $24.2M |
| LiabilitiesLn 26 | $9.7M | $9.4M |
| Net assetsLn 32 | $15.3M | $14.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $129K | $129K | ||
| Grants and assistance to foreign recipientsLn 3 | $925K | $925K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $403K | $191K | $187K | $24K |
| Other salaries and wagesLn 7 | $6.1M | $4.7M | $1.2M | $81K |
| Pension plan contributionsLn 8 | $370K | $258K | $102K | $9K |
| Other employee benefitsLn 9 | $1.3M | $985K | $310K | |
| Payroll taxesLn 10 | $87K | $66K | $19K | $2K |
| Legal feesLn 11b | $45K | $45K | ||
| Accounting feesLn 11c | $20K | $20K | ||
| Investment management feesLn 11f | $47K | $47K | ||
| Other fees for servicesLn 11g | $295K | $75K | $216K | $4K |
| Advertising and promotionLn 12 | $72K | $62K | $10K | |
| Office expensesLn 13 | $349K | $133K | $186K | $30K |
| Information technologyLn 14 | $85K | $76K | $220 | $9K |
| OccupancyLn 16 | $364K | $364K | ||
| TravelLn 17 | $49K | $45K | $3K | $2K |
| InterestLn 20 | $291K | $291K | ||
| Depreciation, depletion and amortizationLn 22 | $1.1M | $1.1M | ||
| InsuranceLn 23 | $169K | $169K | ||
| Other expenses (24a–d)Ln 24 | $1.5M | $1.1M | $436K | $15K |
| All other expensesLn 24e | $245K | $170K | $49K | $26K |
| Total functional expensesLn 25 | $14.0M | $9.0M | $4.8M | $201K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Feb 4, 2026 | $12.7M | $14.0M | −$1.3M | $14.8M | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $11.2M | $12.8M | −$1.6M | $15.3M | 990 PDF |
| FY2023Filed with the IRS May 9, 2024 | $10.8M | $12.3M | −$1.5M | $15.8M | 990 PDF |
| FY2022Filed with the IRS May 10, 2023 | $10.2M | $11.8M | −$1.7M | $16.5M | 990 PDF |
| FY2021Filed with the IRS May 13, 2022 | $16.6M | $10.7M | $5.9M | $19.6M | 990 PDF |
| FY2020Filed with the IRS May 12, 2021 | $10.0M | $11.3M | −$1.3M | $12.3M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $12,671,251 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, 1 to look at
Part VIII · Statement of revenue $12,671,251 across 8 lines filed
Part IX · Statement of functional expenses $13,986,256 across 21 lines filed
Part X · Balance sheet $24,223,170 assets, 20 lines filed
Part XI · Reconciliation of net assets $14,813,365 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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