Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990.
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 15aNo
Programs and updates
Manages property rentals and sales, distributing revenue to its parent Rotary Club Foundation.
Questions for Lrc Properties INC
Your first name shows with your question. Lrc Properties INC answers here, for everyone.
Held title to and managed the properties donated to the Lincoln Rotary Club Foundation
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-4140090) · Dispute this lineBy the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4K | $0 |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $993K | $0 |
| Total assetsLn 16 | $997K | $0 |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $997K | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $1.1M | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $0 | |||
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $1.1M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Jul 15, 2025 | $88K | $1.1M | −$997K | $0 | 990 PDF |
| FY2024Filed with the IRS Sep 10, 2024 | $982K | $1.5M | −$523K | $878K | 990 PDF |
| FY2023Filed with the IRS Jan 18, 2024 | $441K | $433K | $7K | $1.4M | 990 PDF |
| FY2022Filed with the IRS May 11, 2023 | $143K | $8K | $135K | $1.4M | 990 PDF |
| FY2021Filed with the IRS Feb 19, 2022 | $20K | $17K | $2K | $1.7M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $87,694 revenue, 12 lines filed
Part VI · Governance 0 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $87,694 across 7 lines filed
Part IX · Statement of functional expenses $1,084,953 across 30 lines filed
Part X · Balance sheet $0 assets, 19 lines filed
Part XI · Reconciliation of net assets $0 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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