Lincoln Trail College Foundation
- Assets
- $6.2m
- Revenue
- $706.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Robinson, IL
- Founding
- 02/1971
- Data as of
- 06/2022
- EIN
- 23-7086566
Organization Overview
Lincoln Trail College Foundation is located in Robinson, IL. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Lincoln Trail College Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Trail College Foundation 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 Trail College Foundation generated $706.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $787.5k during the year ending 06/2022. 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 PROVIDE SUPPORT TO LINCOLN TRAIL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING LINCOLN TRAIL COLLEGE. PROGRAMS INCLUDE SCHOLARSHIPS, ATHLETIC PROGRAMS, AND PROFESSIONAL DEVELOPMENT SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Bailey Treasurer | OfficerTrustee | 10 | $0 |
James Harmon Executive Director | OfficerTrustee | 20 | $0 |
Dan Mcdonald Vice President | OfficerTrustee | 1 | $0 |
Lydia Williams Secretary | OfficerTrustee | 1 | $0 |
Tony Pleasant President | OfficerTrustee | 5 | $0 |
William Thomas Asst. Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,959 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,028 |
| Total Program Service Revenue | $0 |
| Investment income | $262,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $589 |
| Net Rental Income | $60,246 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,122 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $706,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $669,395 |
| 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. | $23,680 |
| Compensation of current officers, directors, key employees. | $23,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $8,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $4,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,032 |
| Insurance | $9,232 |
| All other expenses | $12,520 |
| Total functional expenses | $787,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $167,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $281,451 |
| 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 | $24,084 |
| Net Land, buildings, and equipment | $281,253 |
| Investments—publicly traded securities | $5,461,927 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,215,929 |
| Accounts payable and accrued expenses | $227,498 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $227,498 |
| Net assets without donor restrictions | $825,000 |
| Net assets with donor restrictions | $5,163,431 |
| 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 | $6,215,929 |
Grants Awarded
Over the last fiscal year, Lincoln Trail College Foundation has awarded $669,395 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LINCOLN TRAIL COLLEGE PURPOSE: Various Student Scholarships/Grants | $619,395 |
Robinson, IL PURPOSE: Pledge for Recreation Center Building at Lincoln Trail College | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lincoln Trail College Foundation has recieved totaling $21,263.
| Awarding Organization | Amount |
|---|---|
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: PROCESS TECHNOLOGY/WELDING SCHOLARSHIP FUND FOR FEMALE/MINORITY | $10,000 |
Beulah Irene Crowell Charitable Tr St Louis, MO PURPOSE: PROGRAM SUPPORT | $6,248 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: MILLER LAKE ENVIRONMENTAL CONSERVATION PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Endowment Analysis
| Beg. Balance | $5,913,280 |
| Earnings | -$465,616 |
| Admin Expense | $12,281 |
| Net Contributions | $341,240 |
| Other Expense | $336,224 |
| Grants | $276,967 |
| Ending Balance | $5,163,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |