Lnc Foundation FY2024 filing

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To support individuals and families in need to lead better lives.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2458425) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$48K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $3K a year · 3% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 50% of spending
Pay to officers and key staff is 50% of spending.
Part VII, Section A
1.4 mo
of spending, in cash
1.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$95K
+2% vs prior year
Spent
$97K
To programs
82%
Net assets
$48K
By yearFY2022–FY2025
Revenue
$95K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2022$67K
FY2023$93K
FY2024$95K
FY2025$86K
Expenses
$97K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$97K
FY2025$90K
Net assets
$48K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2022$40K
FY2023$50K
FY2024$48K
FY2025$45K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 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 Apr 2020.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $79K Management & general 18% · $18K

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

3 people listed on the 990; $48K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$21,600Pt VII · Sec A
Secretary
$16,832Pt VII · Sec A
$9,600Pt VII · Sec A

Sunny Kim’s $20K as CFO is at the 46th percentile of top reported officer pay among 202 <$100K human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Sunny Kim$20,000$21,600$23,550$15,848
Joanne Cho$5,000$16,832$19,320$10,300
Sukhui Kim$5,000$9,600$600—

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 Lnc Foundation 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 15aNo

Programs and updates

Helps people and families facing hardship improve their lives.

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1 program · $79K · in their own filed words · FY2024
01

Mobile shower ministry benefiting homeless people on the street.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2458425) · Dispute this line
$79Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$95K
Ln 12
Gifts and grantsLn 1h$95K
Money outPt IX
$97K
Ln 25
Programscol B$79K
Managementcol C$18K
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$48K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Government grantsLn 1e$87K
Total revenueLn 12$95K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$37K
Total assetsLn 16$48K
LiabilitiesLn 26$0
Net assetsLn 32$48K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$13K$11K
Land, buildings, equipmentLn 10c$37K$37K
Total assetsLn 16$50K$48K
LiabilitiesLn 26$0$0
Net assetsLn 32$50K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$300$300
OccupancyLn 16$18K$18K
Other expenses (24a–d)Ln 24$76K$76K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$97K$79K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 7, 2026 $86K$90K−$3K$45K 990 PDF
FY2024 ViewingFiled with the IRS Feb 27, 2025 $95K$97K−$2K$48K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $93K$50K 990 PDF
FY2022Filed with the IRS Aug 2, 2023 $67K$40K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $94,744 revenue, 12 lines filed
I-8 Contributions and grants$94,744
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$94,744
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$96,608
I-18 Total expenses$96,608
I-19 Revenue less expenses−$1,864
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $94,744 across 4 lines filed
VIII-1e Government grants$86,944
VIII-1f All other contributions, gifts and grants$7,800
VIII-1h Total contributions, gifts and grants$94,744
VIII-12 Total revenue$94,744
Part IX · Statement of functional expenses $96,608 across 4 lines filed
IX-11c Accounting feesManagement $300$300
IX-16 OccupancyManagement $17,500$17,500
IX-24 Other expenses (24a–d)Programs $76,169$76,169
IX-24e All other expensesPrograms $2,639$2,639
IX-25 Total functional expensesPrograms $78,808 · Management $17,800 · Fundraising $0$96,608
Part X · Balance sheet $48,348 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $13,212$11,348
X-10c Land, buildings and equipment, netStart of year $37,000$37,000
X-16 Total assetsStart of year $50,212$48,348
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $50,212$48,348
X-32 Total net assets or fund balancesStart of year $50,212$48,348
X-33 Total liabilities and net assetsStart of year $50,212$48,348
Part XI · Reconciliation of net assets $48,348 net assets at year end
XI-1 Total revenue$94,744
XI-2 Total expenses$96,608
XI-3 Revenue less expenses−$1,864
XI-4 Net assets at start of year$50,212
XI-10 Net assets at end of year$48,348

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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