Lincoln Foundation FY2020 filing

Tax-deductible

Louisville, KY501(c)(3)Since 1910EducationEIN 61-0449631Revenue $1.8M in FY2020

On file with the IRSlincolnfdn.org4322 Bishop Ln, 40218-4518 · Louisville, KYTax-exempt since Jan 1993Publicly supported charity — 170(b)(1)(A)(vi)

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To provide educational enrichment programs that develop and support youth in overcoming social and economic barriers to achievement. This mission is accomplished through college access and college success programs.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$340K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$340K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $187K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$833K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.6M
To programs
70%
Net assets
$12.4M
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$1.6M
FY2023$1.5M
FY2024$2.0M
FY2025$2.0M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.6M
FY2023$1.9M
FY2024$2.0M
FY2025$2.0M
Net assets
$12.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$12.4M
FY2021$13.2M
FY2022$11.4M
FY2023$12.0M
FY2024$12.6M
FY2025$13.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.1M Management & general 16% · $259K Fundraising 13% · $216K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $340K paid to officers and key staff.

Part VII, Section A · reportable compensation
$203,741Pt VII · Sec A
VP Finance and Operations
$136,047Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marshall Bradley JR’s $224K as President is at the 87th percentile of top reported officer pay among 3395 $1–10M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marshall Bradley JR$223,832$214,891$213,880$202,113$190,667$203,741
Theresa Feller—————$136,047
Venita Benboe$109,958$106,008$102,370———
Paula Campbell$104,444$100,932————

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.

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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

Offers programs to help youth overcome social and economic barriers to success.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2020
01

The whitney m. Young scholars program is a college readiness program for promising youth from under-resourced communities throughout the louisville area. The program provides scholars an alternative path, raising their sights and fostering the development of a new generation of thought-leaders, change makers and trailblazers.

$808Kprogram expense
02

Project Build

(business united in leadership development)educational opportunity scholarship fundwhitney m. Young, JR. Birthplace (national historic landmark)simpsonville property (includes U.S. Dept. Of labor lease income).

$283Kprogram expense
03

The math & science summer program held at the uofl college of arts and sciences engages high school students in a real world laboratory setting. Approximately 100 high school students in grades 9-12 gather information, conduct scientific investigations, solve problems, design projects, and present sustainable solutions.

$39Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 6 grants · $836K · 2020–2025
Unitemized GrantFY2025$194,881
Unitemized GrantFY2024$186,998
Unitemized GrantFY2023$149,718
Unitemized GrantFY2022$104,632
Unitemized GrantFY2021$92,296
Unitemized GrantFY2020$107,741

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$848K
Fees for servicesLn 2g$466K
Investment incomeLn 3$300K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.1M
Managementcol C$259K
Fundraisingcol D$216K
Owns and owesPt X
$12.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$13.3M
LiabilitiesLn 26$833K
PeoplePt VI, VII
25
listed · VII A
PaidVII A2
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$848K
Government grantsLn 1e$150K
Noncash giftsLn 1g$60K
Fees for servicesLn 2g$466K
Investment incomeLn 3$300K
Other incomeLn 4–11$141K
Gains on assetsLn 7$4K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$9.3M
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$120K
Total assetsLn 16$13.3M
LiabilitiesLn 26$833K
Net assetsLn 32$12.4M
OperationsPt I, VI
EmployeesI 532
VolunteersI 636
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$787K$1.3M
InvestmentsLn 11–13$8.7M$9.3M
Land, buildings, equipmentLn 10c$2.2M$2.1M
Total assetsLn 16$12.5M$13.3M
LiabilitiesLn 26$858K$833K
Net assetsLn 32$11.7M$12.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$108K$108K
Pay of current officers, directors and key staffLn 5$379K$268K$37K$74K
Other salaries and wagesLn 7$517K$365K$50K$101K
Pension plan contributionsLn 8$27K$19K$3K$5K
Other employee benefitsLn 9$36K$26K$4K$7K
Payroll taxesLn 10$72K$51K$7K$14K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$19K$7K$11K
Investment management feesLn 11f$41K$41K
Other fees for servicesLn 11g$18K$8K$10K
Advertising and promotionLn 12$26K$15K$422$11K
Office expensesLn 13$27K$15K$11K$769
Information technologyLn 14$31K$21K$11K
OccupancyLn 16$43K$26K$17K$166
TravelLn 17$1K$1K$152
InterestLn 20$24K$10K$14K
Depreciation, depletion and amortizationLn 22$81K$64K$17K
InsuranceLn 23$30K$17K$13K
Other expenses (24a–d)Ln 24$99K$92K$6K$993
All other expensesLn 24e$22K$16K$6K$595
Total functional expensesLn 25$1.6M$1.1M$259K$216K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$2.0M$26K$13.4M 990 PDF
FY2024 $2.0M$2.0M$51K$12.6M 990 PDF
FY2023 $1.5M$1.9M−$409K$12.0M 990 PDF
FY2022 $1.6M$1.6M−$45K$11.4M 990 PDF
FY2021 $1.8M$1.6M$276K$13.2M 990 PDF
FY2020 Viewing $1.8M$1.6M$150K$12.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,755,208 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $473,556$847,701
I-9 Program service revenuePrior year $461,877$466,489
I-10 Investment incomePrior year $362,694$300,398
I-11 Other revenuePrior year $32,144$140,620
I-12 Total revenuePrior year $1,330,271$1,755,208
I-13 Grants and similar amounts paidPrior year $84,056$107,741
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,091,001$1,032,139
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $586,325$464,970
I-18 Total expensesPrior year $1,761,382$1,604,850
I-19 Revenue less expensesPrior year −$431,111$150,358
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,755,208 across 11 lines filed
VIII-1e Government grants$149,700
VIII-1f All other contributions, gifts and grants$698,001
VIII-1g Noncash contributions (included above)$59,910
VIII-1h Total contributions, gifts and grants$847,701
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $466,489$466,489
VIII-3 Investment incomeExcluded from tax $296,616$296,616
VIII-6 Net rental income or lossExcluded from tax $66,208$66,208
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,782$3,782
VIII-8 Net income from fundraising eventsExcluded from tax $49,055$49,055
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $25,357$25,357
VIII-12 Total revenueRelated to mission $466,489 · Unrelated business $0 · Excluded from tax $441,018$1,755,208
Part IX · Statement of functional expenses $1,604,850 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $107,741$107,741
IX-5 Pay of current officers, directors and key staffPrograms $268,248 · Management $36,815 · Fundraising $74,431$379,494
IX-7 Other salaries and wagesPrograms $365,256 · Management $50,130 · Fundraising $101,348$516,734
IX-8 Pension plan contributionsPrograms $19,219 · Management $2,638 · Fundraising $5,333$27,190
IX-9 Other employee benefitsPrograms $25,734 · Management $3,532 · Fundraising $7,140$36,406
IX-10 Payroll taxesPrograms $51,116 · Management $7,015 · Fundraising $14,184$72,315
IX-11b Legal feesManagement $2,441$2,441
IX-11c Accounting feesPrograms $7,418 · Management $11,182$18,600
IX-11f Investment management feesManagement $41,431$41,431
IX-11g Other fees for servicesPrograms $8,020 · Management $9,650$17,670
IX-12 Advertising and promotionPrograms $15,297 · Management $422 · Fundraising $10,723$26,442
IX-13 Office expensesPrograms $15,382 · Management $10,608 · Fundraising $769$26,759
IX-14 Information technologyPrograms $20,762 · Management $10,602$31,364
IX-16 OccupancyPrograms $26,313 · Management $16,586 · Fundraising $166$43,065
IX-17 TravelPrograms $1,088 · Management $152$1,240
IX-20 InterestPrograms $9,821 · Management $14,466$24,287
IX-22 Depreciation, depletion and amortizationPrograms $64,181 · Management $16,719$80,900
IX-23 InsurancePrograms $17,221 · Management $13,156$30,377
IX-24 Other expenses (24a–d)Programs $91,998 · Management $5,693 · Fundraising $993$98,684
IX-24e All other expensesPrograms $15,584 · Management $5,531 · Fundraising $595$21,710
IX-25 Total functional expensesPrograms $1,130,399 · Management $258,769 · Fundraising $215,682$1,604,850
Part X · Balance sheet $13,282,627 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $786,970$1,264,247
X-3 Pledges and grants receivableStart of year $583,834$310,944
X-4 Accounts receivableStart of year $99,425$150,242
X-9 Prepaid expenses and deferred chargesStart of year $7,916$11,892
X-10c Land, buildings and equipment, netStart of year $2,189,938$2,124,792
X-11 Publicly traded securitiesStart of year $8,722,129$9,300,661
X-15 Other assetsStart of year $120,174$119,849
X-16 Total assetsStart of year $12,510,386$13,282,627
X-17 Accounts payable and accrued expensesStart of year $125,879$120,931
X-19 Deferred revenueStart of year $46,795$41,586
X-25 Other liabilitiesStart of year $145,281$148,216
X-26 Total liabilitiesStart of year $857,973$833,197
X-27 Net assets without donor restrictionsStart of year $4,368,352$4,869,787
X-28 Net assets with donor restrictionsStart of year $7,284,061$7,579,643
X-32 Total net assets or fund balancesStart of year $11,652,413$12,449,430
X-33 Total liabilities and net assetsStart of year $12,510,386$13,282,627
Part XI · Reconciliation of net assets $12,449,430 net assets at year end
XI-1 Total revenue$1,755,208
XI-2 Total expenses$1,604,850
XI-3 Revenue less expenses$150,358
XI-4 Net assets at start of year$11,652,413
XI-5 Net unrealized gains (losses) on investments$640,242
XI-9 Other changes in net assets$6,417
XI-10 Net assets at end of year$12,449,430

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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