Community Foundation For The Land Of Lincoln Inc
- Assets
- $62.8m
- Revenue
- $16.6m
- Investments
- $6.9m
- Employees
- 6
- Location
- Springfield, IL
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-4191391
Organization Overview
Community Foundation For The Land Of Lincoln Inc is located in Springfield, IL. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation For The Land Of Lincoln Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For The Land Of Lincoln Inc 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 12/2021, Community Foundation For The Land Of Lincoln Inc generated $16.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 18.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION FOR THE LAND OF LINCOLN CONNECTS PEOPLE WHO CARE WITH CAUSES THAT MATTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CFLL MANAGES OVER 250 FUNDS ESTABLISHED FOR CHARITABLE PURPOSES. MANAGEMENT OF THE INVESTMENTS INCLUDES PRUDENT INVESTMENT DECISION MAKING AND THE ESTABLISHMENT OF A SPENDING POLICY CONSISTENT WITH THE INTENTIONS OF DONORS. CFLL IS OPERATED FOR THE PUBLIC BENEFIT AND ENDEAVORS TO ADMINISTER AND DISTRIBUTE PHILANTHROPIC FUNDS FOR THE BENEFIT OF SEVERAL ILLINOIS COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Stremsterfer President & CEO | Officer | 40 | $162,835 |
Stacey Reed VP Of Programs & Marketing | Officer | 40 | $100,382 |
Betsy Weidner VP Of Accounting & Finance | Officer | 40 | $87,994 |
Allen Grosboll Vice Chair | OfficerTrustee | 3 | $0 |
Roseanne Stone Chair | OfficerTrustee | 8 | $0 |
Cynthia Lamar Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,157,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,241,806 |
| Total Program Service Revenue | $63,184 |
| Investment income | $1,093,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57,346 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,123,005 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,636,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,105,860 |
| Grants and other assistance to domestic individuals. | $202,951 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,686 |
| Compensation of current officers, directors, key employees. | $152,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,990 |
| Pension plan accruals and contributions | $4,123 |
| Other employee benefits | $94,450 |
| Payroll taxes | $36,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,704 |
| Advertising and promotion | $11,357 |
| Office expenses | $8,494 |
| Information technology | $33,686 |
| Royalties | $0 |
| Occupancy | $34,080 |
| Travel | $2,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,662 |
| Insurance | $5,446 |
| All other expenses | $20,155 |
| Total functional expenses | $6,448,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,701,765 |
| Pledges and grants receivable | $719,157 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,038,196 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,134 |
| Net Land, buildings, and equipment | $30,789 |
| Investments—publicly traded securities | $51,374,486 |
| Investments—other securities | $6,914,938 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,800,465 |
| Accounts payable and accrued expenses | $11,209 |
| Grants payable | $630,700 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $6,801,045 |
| Total liabilities | $7,442,954 |
| Net assets without donor restrictions | $2,112,848 |
| Net assets with donor restrictions | $53,244,663 |
| 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 | $62,800,465 |
Grants Awarded
Over the last fiscal year, Community Foundation For The Land Of Lincoln Inc has awarded $1,861,975 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Urbana, IL PURPOSE: TO FINANCIALLY ASSIST ORGANIZATIONS WITHIN THE COMMUNITY | $273,500 |
Springfield, IL PURPOSE: TO FINANCIALLY ASSIST ORGANIZATIONS WITHIN THE COMMUNITY | $138,500 |
Carbondale, IL PURPOSE: TO FINANCIALLY ASSIST ORGANIZATIONS WITHIN THE COMMUNITY | $115,000 |
Springfield, IL PURPOSE: TO FINANCIALLY ASSIST ORGANIZATIONS WITHIN THE COMMUNITY | $104,500 |
Washington, DC PURPOSE: TO FINANCIALLY ASSIST ORGANIZATIONS WITHIN THE COMMUNITY | $100,000 |
Springfield, IL PURPOSE: TO FINANCIALLY ASSIST ORGANIZATIONS WITHIN THE COMMUNITY | $54,100 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation For The Land Of Lincoln Inc has recieved totaling $326,519.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $300,500 |
Hd Smith Foundation Springfield, IL PURPOSE: CHARITABLE | $25,000 |
Mg Nelson Family Foundation Springfield, IL PURPOSE: TO FUND GRANTS AND SCHOLARSHIPS IN SPRINGFIELD AND SURROUNDING COMMUNITIES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $20,193,026 |
| Earnings | $1,960,844 |
| Admin Expense | $463,854 |
| Net Contributions | $895,477 |
| Grants | $862,800 |
| Ending Balance | $21,722,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |