Lincoln Parks & Recreation Fndn
- Assets
- $22.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Lincoln, NE
- Founding
- 12/1992
- Data as of
- 12/2020
- EIN
- 36-3853746
Organization Overview
Lincoln Parks & Recreation Fndn, operating under the name Lincoln Parks Foundation, is located in Lincoln, NE. The organization was established in 1992. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lincoln Parks Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Parks 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 12/2020, Lincoln Parks Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND NURTURE A PHILANTHROPIC LEGACY FOR PARKS AND RECREATION IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAJOR PROGRAM IS TO PROVIDE FUNDING FOR IMPROVING LINCOLN'S PARKS AND RECREATION SYSTEM AND PROGRAMS.2021 PROGRAM HIGHLIGHTS:ACTIVE FUNDRAISING FOR THE SOUTH HAYMARKET PARK, CASCADE FOUNTAIN RESTORATION, AND WILDERNESS PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Stuckey Executive Director | Officer | 40 | $92,605 |
Brad Brandt President | OfficerTrustee | 1 | $0 |
Jessica Mcmullen Secretary | OfficerTrustee | 1 | $0 |
Kate Jarecke Vice President | OfficerTrustee | 1 | $0 |
Pam Sheets Treasurer | OfficerTrustee | 3 | $0 |
Phil Knudson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,717,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,745,875 |
| Total Program Service Revenue | $1,295 |
| Investment income | $355,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $15,613 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,049,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $660,152 |
| 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. | $89,739 |
| Compensation of current officers, directors, key employees. | $13,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,332 |
| Fees for services: Accounting | $13,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,666 |
| Fees for services: Other | $0 |
| Advertising and promotion | $226,944 |
| Office expenses | $27,463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,892 |
| All other expenses | $1,388 |
| Total functional expenses | $1,534,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951,666 |
| Savings and temporary cash investments | $7,371,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,471,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,794,187 |
| Accounts payable and accrued expenses | $11,225 |
| 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 | $11,225 |
| Net assets without donor restrictions | $500,489 |
| Net assets with donor restrictions | $22,282,473 |
| 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 | $22,794,187 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lincoln Parks & Recreation Fndn has recieved totaling $125,585.
| Awarding Organization | Amount |
|---|---|
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $115,543 |
Assurity Life Foundation Lincoln, NE PURPOSE: PRAIRIE CORRIDOR | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Endowment Analysis
| Beg. Balance | $15,224,156 |
| Earnings | $1,902,774 |
| Admin Expense | $153,890 |
| Net Contributions | $398,618 |
| Other Expense | $67,562 |
| Ending Balance | $17,304,096 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steamboat Health & Recreation Association Steamboat Springs, CO | $16,901,518 | $6,123,576 |
Rocky Mountain Conservancy Estes Park, CO | $24,888,812 | $7,143,663 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Ramah In The Rockies Denver, CO | $14,278,108 | $2,853,813 |
Fort Lyon Canal Company Las Animas, CO | $20,042,880 | $3,412,269 |
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Durango Municipal Recreation Inc Durango, CO | $1,828,686 | $1,727,631 |
Denver Tennis Park Inc Denver, CO | $14,829,310 | $1,270,663 |
Lincoln Parks & Recreation Fndn Lincoln, NE | $22,794,187 | $4,049,801 |
Colorado Fourteeners Initiative Golden, CO | $1,873,073 | $1,827,685 |
William J Palmer Parks Foundation Inc Colorado Springs, CO | $8,093,853 | $2,223,881 |
Volunteers For Outdoor Colorado Inc Denver, CO | $3,054,414 | $1,492,810 |