Lincoln Library Foundation
- Assets
- $2.2m
- Revenue
- $86.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 37-1277031
Organization Overview
Lincoln Library Foundation is located in Springfield, IL. The organization was established in 1991. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Library 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 12/2021, Lincoln Library Foundation generated $86.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $106.0k during the year ending 12/2021. 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
ESTABLISHED IN 1991, FOR PURPOSES CHARITABLE, LITERARY, AND EDUCATIONAL, THE LINCOLN LIBRARY FOUNDATION STRIVES TO FOCUS ATTENTION ON PUBLIC LIBRARY SERVICES IN SPRINGFIELD, IL. THROUGH INDIVIDUAL GIFTS, ENDOWMENTS, AND BEQUESTS, THE FOUNDATION PURCHASES MATERIALS FOR THE PUBLIC LIBRARY, WHICH SERVES A POPULATION OF APPROXIMATELY 116,250 OF WHICH 35,921 ARE CARDHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PURCHASES BOOKS AND OTHER MATERIALS AND SUPPLIES FOR LINCOLN LIBRARY SPRINGFIELD'S PUBLIC LIBRARY, WHICH SERVES A POPULATION OF APPROXIMATELY 116,250 OF WHICH OVER 35,921 ARE CARDHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jenkins President | OfficerTrustee | 1 | $0 |
Marty Ryan Secretary | OfficerTrustee | 0.2 | $0 |
Tom Newman Board | Trustee | 0.2 | $0 |
Helen Cox Vice President Appointed 10/16 | Trustee | 0.2 | $0 |
Dan Greer Board Appointed 6/16 | Trustee | 0.2 | $0 |
David Claunch Board Appointed 4/26/17 | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,656 |
| Total Program Service Revenue | $0 |
| Investment income | $48,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,218 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,968 |
| Fees for services: Other | $5,682 |
| Advertising and promotion | $0 |
| Office expenses | $119 |
| 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 | $87,675 |
| Insurance | $0 |
| All other expenses | $1,085 |
| Total functional expenses | $106,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,338 |
| 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 | $1,557,363 |
| Investments—publicly traded securities | $570,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,160,378 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,731,256 |
| Net assets with donor restrictions | $429,122 |
| 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 | $2,160,378 |
Endowment Analysis
| Beg. Balance | $619,571 |
| Ending Balance | $619,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Newberry Library Chicago, IL | $102,026,436 | $14,465,930 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Community Resource Center Inc Centralia, IL | $6,773,469 | $4,197,743 |
Society Of Ameican Archivists Chicago, IL | $2,453,867 | $2,207,330 |
Building And Construction Resource Center Inc Portage, IN | $5,030,482 | $2,435,257 |
Private Academic Library Network Of Indiana Inc Indianapolis, IN | $7,049,589 | $1,821,764 |
Louisville Free Public Library Foundation Inc Louisville, KY | $20,601,784 | $2,234,605 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Hopkinsville Christian County Public Library Hopkinsville, KY | $2,002,090 | $1,316,676 |
Simpson County Library District Franklin, KY | $8,465,490 | $1,064,264 |