Overview
What is Lincoln Sports Foundation Inc?
Lincoln Sports Foundation Inc, located in Lincoln, Nebraska, is a nonprofit organization dedicated to fostering the growth and development of student athletes and their families. Their mission is centered around providing quality coaching and facilities, enabling these athletes to realize their full potential both on and off the field. This commitment to excellence is underpinned by values of honesty, integrity, and a strong work ethic. The organization operates a sports complex that serves as the base for the Nebraska Sports Council's "Cornhusker Games" and serves as the home ground for Nebraska Wesleyan University's tennis teams. The Lincoln Sports Foundation's activities extend beyond sports, aiming to nurture well-rounded individuals who contribute positively to their community.
Official website here: www.lsfsportscomplex.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lincoln Sports Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 73%. This rating indicates that while the organization demonstrates some strengths, there are significant areas for improvement, particularly in accountability and financial transparency. The organization has a strong governance structure, with 100% of its board members being independent and a good program expense ratio of 87.27%, suggesting effective allocation of funds towards its mission.
However, the nonprofit has notable shortcomings, especially in its financial reporting practices. The absence of financial statements and a lack of key policies, such as a whistleblower policy and a document retention and destruction policy, contribute to its lower score. Additionally, the failure to post its tax form on its website reflects a need for better transparency and communication with stakeholders.
Overall, while Lincoln Sports Foundation Inc is making strides in governance and program efficiency, it must address its financial accountability issues to enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Sports Foundation Inc legitimate?
Lincoln Sports Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Sports Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lsfsportscomplex.com
What is the mission statement of Lincoln Sports Foundation Inc?
The Lincoln Sports Foundation's mission involves a commitment to fostering the development, mentoring, and training of student athletes and their families. This is achieved through programs that offer quality coaching and facilities, empowering the athletes to reach their full potential both as athletes and contributing members of the community. The foundation upholds values of honesty, integrity, and a commitment to excellence, which are reflected in its operations at the sports complex.
Official website here: www.lsfsportscomplex.com
What is the revenue of Lincoln Sports Foundation Inc?
Lincoln Sports Foundation Inc's revenue in 2023 was $856,175.
Official website here: www.lsfsportscomplex.com
Who are the executives of Lincoln Sports Foundation Inc and what are their salaries?
There are 11 employees and 80 volunteers at Lincoln Sports Foundation Inc.
Here are 5 key members and their salaries:
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Official website here: www.lsfsportscomplex.com
Where can I find the form 990 for Lincoln Sports Foundation Inc?
Lincoln Sports Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lsfsportscomplex.com
Learn more at the official website: www.lsfsportscomplex.com
Mission Statement of Lincoln Sports Foundation Inc
Lincoln Sports Foundation Inc is dedicated to fostering the growth and development of student athletes and their families. Their mission is achieved through a variety of programs that offer high-quality coaching and facilities, enabling these young individuals to realize their full potential as athletes and active members of their community. The foundation's values of honesty, integrity, and a commitment to excellence are reflected in all their endeavors, as they operate a sports complex to facilitate this transformation. By investing in the next generation of athletes, Lincoln Sports Foundation Inc aims to cultivate well-rounded individuals who embody these values and make meaningful contributions to their communities.
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Impact
July, 2024
Lincoln Sports Foundation Inc plays a crucial role in supporting and nurturing student athletes and their families through various programs aimed at providing quality coaching and facilities. By emphasizing honesty, integrity, and a commitment to excellence, the organization helps athletes reach their full potential both on and off the field. The foundation's operations at the sports complex in Lincoln serve as a hub for sporting activities, contributing to the development of athletes and fostering a sense of community within the area.
This information is meant to be a general summary of Lincoln Sports Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $476,355
- Gross Receipts: $856,175
Assets and Liabilities:
- Total Assets: $6,238,637
- Total Liabilities: $3,136,723
- Net Assets: $3,101,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDOOR SPORTS CENTER
Revenue
$252,252
OUTDOOR SPORTS COMPLEX
Revenue
$201,156
OTHER - STATE GAMES/COUNCIL
Revenue
$17,452
OTHER
Revenue
$5,495
Organization Details
Founding Year
2004
Principal Officer
Dan Lesoing
Website
www.lsfsportscomplex.comNTEE Category
Code: N30 - Recreation
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