Lincoln University
- Assets
- $4.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 143
- Location
- Oakland, CA
- Founding
- 08/1949
- Data as of
- 07/2022
- EIN
- 94-1347042
Organization Overview
Lincoln University is located in Oakland, CA. The organization was established in 1949. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2022, Lincoln University employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln University 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 07/2022, Lincoln University generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $6.3m during the year ending 07/2022. While expenses have increased by 8.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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 TRADITIONAL EDUCATIONAL PROGRAMS IN DIVERSE FIELDS OF STUDY, DELIVERED BY EXPERIENCED EDUCATORS, AND LEADING TO OUTSTANDING EMPLOYMENT OPPORTUNITIES FOR AMERICAN AND INTERNATIONAL STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY HAS PROVIDED HIGHER EDUCATION TO THE LOCAL AND INTERNATIONAL STUDENTS, AND OFFERS UNDERGRADUATE AND GRADUATE DEGREES IN BUSINESS AND DIAGNOSTIC IMAGING IN ALLIED HEALTH FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikahil Brodsky President | OfficerTrustee | 40 | $176,155 |
Albert Loh CFO | Officer | 40 | $145,403 |
Themistoclis Pantos Professor | 40 | $122,700 | |
Alexander Anokhin Acting Provost | 40 | $83,113 | |
Gary Payton Coach | 40 | $112,500 | |
Michael Guerra Avp | Officer | 40 | $71,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $454,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,243,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,698,783 |
| Total Program Service Revenue | $3,445,166 |
| Investment income | $12,528 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | $6,271,093 |
| 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. | $595,717 |
| Compensation of current officers, directors, key employees. | $464,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,310,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $336,690 |
| Payroll taxes | $275,102 |
| Fees for services: Management | $103,882 |
| Fees for services: Legal | $117,930 |
| Fees for services: Accounting | $17,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,626 |
| Advertising and promotion | $110,224 |
| Office expenses | $129,430 |
| Information technology | $44,074 |
| Royalties | $0 |
| Occupancy | $406,514 |
| Travel | $3,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,050 |
| Insurance | $54,183 |
| All other expenses | $43,456 |
| Total functional expenses | $6,323,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,068 |
| Savings and temporary cash investments | $10,006 |
| Pledges and grants receivable | $1,716,000 |
| Accounts receivable, net | $637,385 |
| 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 | $128,930 |
| Net Land, buildings, and equipment | $1,112,274 |
| Investments—publicly traded securities | $16,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $529,340 |
| Total assets | $4,783,001 |
| Accounts payable and accrued expenses | $573,870 |
| Grants payable | $0 |
| Deferred revenue | $24,713 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $1,098,584 |
| Net assets without donor restrictions | $3,416,417 |
| Net assets with donor restrictions | $268,000 |
| 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 | $4,783,001 |