Sowers Club Of Lincoln Inc
- Assets
- $598.9k
- Revenue
- $57.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 08/1978
- Data as of
- 06/2023
- EIN
- 47-0604963
Organization Overview
Sowers Club Of Lincoln Inc is located in Lincoln, NE. The organization was established in 1978. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sowers Club Of Lincoln Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Sowers Club Of Lincoln Inc generated $57.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $69.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE DEDICATED TO: BUILDING AND MAINTAINING GOODWILL BETWEEN THE CITY OF LINCOLN AND OTHER COMMUNITIES THROUGHOUT THE STATE. VISITING THOSE COMMUNITIES ON A REGULAR BASIS AND LEARNING AS MUCH AS POSSIBLE IN ORDER THAT A UNIFIED EFFORT CAN BE MADE TO REALLY BOOST NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR THE ORGANIZATION CONDUCTS OR SPONSORS SPECIAL EVENTS AND ACTIVITIES THROUGHOUT THE STATE OF NEBRASKA FOR THE PURPOSE OF FOSTERING INTERACTION FOR THE BETTERMENT OF NEBRASKANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Campbell Past Preside | OfficerTrustee | $0 | |
Brad Christian Vice Preside | OfficerTrustee | $0 | |
Doug Fiene President | OfficerTrustee | $0 | |
Nick Pappas Member At La | Trustee | $0 | |
Rob Roper Member At La | Trustee | $0 | |
Dan Soltyz Member At La | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,874 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,874 |
| Total Program Service Revenue | $0 |
| Investment income | $1,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,364 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,385 |
| Net Income from Gaming Activities | $64,106 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,023 |
| 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 | $28 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $976 |
| Office expenses | $1,525 |
| 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 | $2,047 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,639 |
| Insurance | $3,258 |
| All other expenses | $0 |
| Total functional expenses | $69,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,639 |
| 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 | $4,314 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $457,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,851 |
| Total assets | $598,912 |
| Accounts payable and accrued expenses | $30,508 |
| 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 | $485,359 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,070 |
| Total liabilities | $520,937 |
| Net assets without donor restrictions | $26,207 |
| Net assets with donor restrictions | $51,768 |
| 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 | $598,912 |
Grants Awarded
Over the last fiscal year, Sowers Club Of Lincoln Inc has awarded $44,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOWERS CLUB OF NEBRASKA FOUNDATION PURPOSE: FUND SCHOLARSHIPS AN | $33,500 |
LINCOLN COMMUNITY FOUNDATION | | | $10,500 |