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Lincoln Independent Business Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470633720 ✦ Lincoln, NE ✦ Designated as a 501(c)(6)

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Overview

What is Lincoln Independent Business Association?

The Lincoln Independent Business Association (LIBA) is a prominent nonprofit organization, located in Lincoln, whose primary objective is to foster leadership and educational growth within the local business community. They strive to enlighten the public on the significant role of businesses in generating meaningful employment opportunities and ensuring financial stability, thereby enhancing the overall quality of life. LIBA's activities extend beyond just the business sphere, as they also advocate for policies that support free enterprise. Furthermore, they provide charitable support through the LIBA Foundation and offer various educational programs to the business community.

Is Lincoln Independent Business Association legitimate?

Lincoln Independent Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lincoln Independent Business Association 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: $140,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Lincoln Independent Business Association?

The Lincoln Independent Business Association serves to provide leadership and educational opportunities for the business community. Its objective is to educate the public about the significant role of businesses in creating meaningful jobs and ensuring a decent standard of living. The association communicates the concerns of the business community to various levels of local government officials and supports political candidates who advocate for the free enterprise system. Additionally, the Lincoln Independent Business Association provides financial support to its affiliated LIBA Foundation for charitable activities.

Who is the CEO of Lincoln Independent Business Association?

Bud Synhorst is the Committee Chairman of Lincoln Independent Business Association.

What is the revenue of Lincoln Independent Business Association?

Lincoln Independent Business Association's revenue in 2023 was $381,889.

Who are the executives of Lincoln Independent Business Association and what are their salaries?


Here are 24 key members and their salaries:


Lincoln Zehr (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Frey (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Petersen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Panzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Chapin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Hoagstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Pigsley (General Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denny Van Horn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Post (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Ballard (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Klein (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Stefanidis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debby Brehm (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Whitehead (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wanda Caffrey (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Hilligoss (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Mcginnis (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Bailey (Committee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Tharnish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bud Synhorst (Executive Director)
  • Compensation: $151,233
  • Related: $0
  • Other: $0
Phil Young (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hansen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lincoln Independent Business Association?

Lincoln Independent Business Association's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Lincoln Independent Business Association

The Lincoln Independent Business Association, or LIBA, is a nonprofit organization that plays a significant role in the business community. Its mission is threefold. Firstly, LIBA provides leadership and educational opportunities to businesses, empowering them to thrive and contribute positively to their communities. Secondly, the organization educates the public on the crucial role of businesses in creating meaningful jobs and ensuring that citizens enjoy a good quality of life, as businesses are instrumental in meeting payrolls. Lastly, LIBA communicates the concerns of the business community to elected and appointed officials at various levels of local government, advocating for policies that support the free enterprise system. Additionally, LIBA supports the LIBA Foundation for charitable activities, further extending its reach and impact.

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Impact




October, 2024

The Lincoln Independent Business Association (LIBA) significantly impacts the local business ecosystem by fostering leadership and providing vital educational opportunities to business owners and entrepreneurs. Through various programs, LIBA enhances the understanding of the essential role businesses play in the community, particularly in generating meaningful jobs and ensuring sustainable payrolls that contribute to a high quality of life for residents.

LIBA actively communicates the needs and concerns of the business community to elected and appointed officials at all levels of local government, ensuring that the voices of business owners are heard in policy discussions. By doing so, LIBA plays a crucial role in advocating for a business-friendly environment that promotes economic growth.

Additionally, LIBA supports candidates who align with the principles of the free enterprise system, thereby influencing local governance in a way that benefits the economic landscape. Their commitment to youth development through charitable activities further solidifies their impact, as it prepares the next generation for active participation in the local economy. Overall, LIBA's efforts contribute to a nurturing environment for businesses, ultimately leading to enhanced community prosperity in Lincoln, Nebraska.




This information is meant to be a general summary of Lincoln Independent Business Association. 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.

Revenue
$381,889 (2023)
Expenses
$403,677 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,264
  • Gross Receipts: $381,889

Assets and Liabilities:

  • Total Assets: $261,701
  • Total Liabilities: $5,322
  • Net Assets: $256,379

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Organization Details

Founding Year

1981

Principal Officer

Bud Synhorst

Main Address

3601 CALVERT ST STE 29, LINCOLN, NE, 68506

NTEE Category

Code: O99Z - Youth development

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