Lincoln Academy Incorporated
- Assets
- $18.0m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 157
- Location
- Pleasant Grove, UT
- Founding
- 07/2006
- Data as of
- 06/2022
- EIN
- 20-2344918
Organization Overview
Lincoln Academy Incorporated is located in Pleasant Grove, UT. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lincoln Academy Incorporated employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Academy Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lincoln Academy Incorporated generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $8.6m during the year ending 06/2022. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN TO NINTH GRADE.
TO PROVIDE SCHOOL LUNCHES TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Hunt Principal | Officer | 40 | $117,434 |
Cade Close Treasurer | OfficerTrustee | 1 | $0 |
Samantha Lee Vice Preside | OfficerTrustee | 2 | $0 |
Scharman Grimmer President | OfficerTrustee | 3 | $0 |
Jeremy Hall Board Member | Trustee | 1 | $0 |
Cherstyn Stockwell Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,646,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,711,049 |
| Total Program Service Revenue | $272,053 |
| Investment income | $72,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,361 |
| Net Gain/Loss on Asset Sales | -$250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,107,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,434 |
| Compensation of current officers, directors, key employees. | $117,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,486,348 |
| Pension plan accruals and contributions | $178,668 |
| Other employee benefits | $634,898 |
| Payroll taxes | $340,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,740 |
| Advertising and promotion | $4,174 |
| Office expenses | $0 |
| Information technology | $162,638 |
| Royalties | $0 |
| Occupancy | $496,652 |
| Travel | $110,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $586,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $479,604 |
| Insurance | $48,237 |
| All other expenses | $23,127 |
| Total functional expenses | $8,648,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,368 |
| Savings and temporary cash investments | $5,015,357 |
| Pledges and grants receivable | $152,959 |
| Accounts receivable, net | $7,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,049 |
| Net Land, buildings, and equipment | $12,159,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,022,202 |
| Accounts payable and accrued expenses | $181,277 |
| Grants payable | $0 |
| Deferred revenue | $289,618 |
| Tax-exempt bond liabilities | $13,055,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,238 |
| Total liabilities | $13,550,133 |
| Net assets without donor restrictions | $4,472,069 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,022,202 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lincoln Academy Incorporated has recieved totaling $12,800.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,400 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Sun Valley Community School Inc Sun Valley, ID | $39,076,653 | $16,449,416 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |
Idaho Arts Charter School Nampa, ID | $27,001,838 | $12,430,623 |
Legacy Traditional School- Avondale Inc Chandler, AZ | $23,043,250 | $12,125,697 |
Pan-American Elementary Charter School Phoenix, AZ | $37,196,562 | $11,678,522 |
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |