Lincoln Independent Business Association Inc
- Assets
- $283.7k
- Revenue
- $382.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 10/1983
- Data as of
- 02/2022
- EIN
- 47-0633720
Organization Overview
Lincoln Independent Business Association Inc is located in Lincoln, NE. The organization was established in 1983. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Independent Business Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 02/2022, Lincoln Independent Business Association Inc generated $382.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $326.0k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEADERSHIP AND EDUCATIONAL OPPORTUNITIES TO THE BUSINESS COMMUNITY; TO EDUCATE THE PUBLIC CONCERNING THE VITAL ROLE OF BUSINESS IN CREATION OF MEANINGFUL JOBS, AND IN MEETING THE PAYROLLS THAT ALLOW OUR CITIZENS TO ENJOY QUALITY OF LIFE; TO COMMUINICATE THE CONCERNS OF THE BUSINESS COMMUNITY TO ELECT AND APPOINTED OFFICIALS AT ALL LEVELS OF LOCAL GOVERNMENT; AND TO SUPPORT POLITICAL CANDIDATES WHO UNDERSTAND AND PROMOTE THE FREE ENTERPRISE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO LIBA FOUNDATION FOR CHARITABLE ACTIVITIES.
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 |
|---|---|---|---|
Bud Synhorst Executive Director | OfficerTrustee | 40 | $143,631 |
Phil Young Secretary | Officer | 3 | $0 |
Jim Hansen Treasurer | Officer | 3 | $0 |
Kay Petersen Director | Trustee | 0 | $0 |
Todd Watson Chairman | Trustee | 0 | $0 |
Gary Tharnish Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $267,563 |
| 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 | $267,563 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $291 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,059 |
| 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. | $114,905 |
| Compensation of current officers, directors, key employees. | $114,905 |
| Compensation to disqualified persons | $101,654 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,489 |
| Payroll taxes | $17,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,900 |
| Fees for services: Accounting | $4,760 |
| 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 | $10,236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,495 |
| Travel | $4,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,506 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,229 |
| All other expenses | $1,830 |
| Total functional expenses | $325,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,292 |
| Savings and temporary cash investments | $90,428 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,720 |
| Accounts payable and accrued expenses | $5,553 |
| 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 | $5,553 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $278,167 |
| Total liabilities and net assets/fund balances | $283,720 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln Independent Business Association Inc has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Bettenhausen Family Foundation Lincoln, NE PURPOSE: GENERAL PURPOSE | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
With God All Things Are Possible Colorado Springs, CO | $4,122,632 | $7,003,713 |
Invest In Kids Denver, CO | $2,954,407 | $4,581,934 |
Teens Inc Nederland, CO | $2,254,072 | $4,597,611 |
Rocky Mountain Youth Corps Steamboat Springs, CO | $3,861,712 | $4,727,186 |
Kidz Of Joy Learning Foundation Hazelwood, MO | $4,719,790 | $7,439,729 |
Colorado Rampage Monument, CO | $799,261 | $2,891,993 |
Learn Fresh Education Co Denver, CO | $4,040,428 | $5,838,413 |
Colorado Childrens Campaign Inc Denver, CO | $3,915,309 | $2,268,185 |
Five Mile Childrens Foundation Baxter Springs, KS | $5,129,625 | $49,457 |
Arapahoe Youth League Inc Centennial, CO | $476,344 | $969,647 |
Environmental Learning For Kids Denver, CO | $4,083,015 | $1,508,047 |
Proteknon Foundation Sheridan, WY | $213,162 | $827,366 |