Overview
What is Lincoln Community Foundation Inc?
Lincoln Community Foundation Inc is a charitable nonprofit organization based in Lincoln, Nebraska. Their mission is to provide leadership and resources to contribute to the development of a thriving city. The foundation focuses on granting and allocating funds to various non-profit organizations. With a team of 19 dedicated individuals, they strive to make a significant impact on their community.
Official website here: www.lcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% - Four-Star out of Four Star Rating from Charity Navigator
The Lincoln Community Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score of 100 in the Accountability & Finance category, the organization demonstrates a high level of transparency and good governance, evidenced by its independent board and the absence of any material diversion of assets. The financial health of the foundation is robust, with a program expense ratio of nearly 94%, indicating that most of its funds are directed towards its charitable programs.
In addition to its financial strengths, the foundation also emphasizes a culture of integrity, with policies in place such as conflict of interest and whistleblower protections. The foundation's commitment to transparency is further showcased by its thorough documentation practices and the accessibility of its tax forms on its website. These factors contribute to building trust with donors and stakeholders.
However, while the foundation excels in accountability and finance, its Culture & Community score of 79 suggests there may be areas for improvement in community engagement and equity strategies. Though it shows a commendable approach to equity, there may be additional efforts needed to enhance its effectiveness in these areas. Overall, the Lincoln Community Foundation is a well-managed and financially sound organization, but it could focus on bolstering its community impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Community Foundation Inc legitimate?
Lincoln Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Community 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: $750,452
Professional Fundraising Fees: $0
Other Salaries and Wages: $820,096
For more financial information, click here
Official website here: www.lcf.org
What is the mission statement of Lincoln Community Foundation Inc?
The Lincoln Community Foundation serves a vital role in society by providing essential leadership and resources to foster the development of an exceptional city. Their mission is geared towards making a significant impact by offering grants and allocations to non-profit charitable organizations. By doing so, they contribute to the betterment of communities and help shape a thriving urban environment. Their commitment extends beyond financial aid, as they also aim to empower local organizations to create sustainable solutions and drive positive change. Overall, the Lincoln Community Foundation's mission is to uplift and strengthen communities, working towards building a city that flourishes.
Official website here: www.lcf.org
Who is the CEO of Lincoln Community Foundation Inc?
Alec Gorynski is the President of Lincoln Community Foundation Inc.
Official website here: www.lcf.org
What is the revenue of Lincoln Community Foundation Inc?
Lincoln Community Foundation Inc's revenue in 2022 was $31,581,187.
Official website here: www.lcf.org
Who are the executives of Lincoln Community Foundation Inc and what are their salaries?
The average compensation at Lincoln Community Foundation Inc during 2022 was $82,660. There are 19 employees and 10 volunteers at Lincoln Community Foundation Inc.
Here are 35 key members and their salaries:
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Official website here: www.lcf.org
Where can I find the form 990 for Lincoln Community Foundation Inc?
Lincoln Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcf.org
Learn more at the official website: www.lcf.org
Mission Statement of Lincoln Community Foundation Inc
The Lincoln Community Foundation, a notable non-profit organization, is dedicated to providing leadership and resources to foster the development of a thriving city. With a clear mission, this philanthropic body channels its efforts towards supporting various charitable organizations in their quest to make a difference in their communities.
The Lincoln Community Foundation's primary role is to grant and allocate resources to non-profit organizations, contributing significantly to their initiatives. By providing financial support, the foundation empowers these organizations to carry out their missions effectively and reach more individuals in need. In doing so, the Lincoln Community Foundation contributes to the overall betterment of society, one grant at a time.
In essence, the Lincoln Community Foundation acts as a catalyst for positive change, harnessing the collective power of its resources to create lasting impacts in the community. Through its strategic grant-making initiatives, the foundation fosters growth, innovation, and progress, ultimately helping to build a city that is greater than the sum of its parts.
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Impact
October, 2024
Lincoln Community Foundation Inc plays a vital role in enhancing the quality of life in Lincoln, NE, by providing leadership and resources that contribute to community development. Their efforts include making grants and allocations to various nonprofit charitable organizations, which in turn support a wide range of initiatives aimed at improving civic engagement, education, arts and culture, health, and social services.
Through these strategic partnerships and investments, the foundation fosters collaboration among different stakeholders, creating a more inclusive environment where community needs are met, and residents are empowered. By addressing pressing local issues and promoting philanthropy, Lincoln Community Foundation Inc is instrumental in building a stronger, more vibrant city for all its residents.
This information is meant to be a general summary of Lincoln Community 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 2022.
- Investment Income: $6,018,841
- Program Service Revenue: $12,702
- Gross Receipts: $150,211,114
Assets and Liabilities:
- Total Assets: $185,840,105
- Total Liabilities: $1,107,660
- Net Assets: $184,732,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LCF PROFESSIONAL FEES
Revenue
$12,702
Organization Details
Founding Year
1955
Phone
(402) 474-2345Principal Officer
Alec Gorynski
Main Address
215 CENTENNIAL MALL S STE 100, LINCOLN, NE, 685081885
Website
www.lcf.orgNTEE Category
Code: T310 - Philanthropy
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