Overview
What is Lincoln Foundation?
The Lincoln Foundation, based in Louisville, Kentucky, is a nonprofit organization committed to empowering promising youth from underprivileged communities. Its primary mission is to provide educational enrichment programs that help young individuals overcome social and economic barriers, ultimately aiding their achievement. This is accomplished through out-of-school academic enrichment and college readiness programs. The Lincoln Foundation's flagship initiative is the Whitney M. Young Scholars Program, which serves approximately 400 students annually. Eligible students must maintain a minimum GPA of 3.0 and qualify for free or reduced lunch. The Foundation's other programs include the Math & Science Program, Digital Transformation Academy, and the Educational Opportunity Scholarship Fund.
Official website here: www.lincolnfdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The Lincoln Foundation has achieved a perfect score of 100%, indicating outstanding performance in accountability and finance. This rating primarily reflects the organization’s strong governance practices, which include a majority of independent board members and a comprehensive audit and oversight committee. Their commitment to transparency is further exemplified by maintaining detailed financial statements and policies for conflict of interest, whistleblower protection, and document retention.
The foundation demonstrates excellent financial management, with a low liabilities-to-assets ratio of 5.15%, suggesting a stable financial position. Additionally, a significant portion of their expenses, 70.09%, is directed towards program services, highlighting their focus on fulfilling their mission rather than administrative costs.
Overall, the Lincoln Foundation’s high rating signifies a trustworthy and responsible organization that prioritizes accountability and effective financial practices. There are no notable limitations or concerns raised in the available data, reinforcing their reputation as a high-performing nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Foundation legitimate?
Lincoln Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Foundation 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: $233,869
Professional Fundraising Fees: $0
Other Salaries and Wages: $642,762
For more financial information, click here
Official website here: www.lincolnfdn.org
What is the mission statement of Lincoln Foundation?
The Lincoln Foundation's mission is centered around providing educational enrichment programs that assist and empower youth in overcoming social and economic barriers, thereby aiding them in their pursuit of achievement. This mission is carried out through various initiatives, including outside-of-school academic enrichment and college readiness programs. The foundation's signature program, the Whitney M. Young Scholars Program, serves around 400 students. Other programs under its umbrella include the Math & Science Program, the Digital Transformation Academy, and the Educational Opportunity Scholarship Fund.
Official website here: www.lincolnfdn.org
Who is the CEO of Lincoln Foundation?
Marshall Bradley Jr is the President of Lincoln Foundation.
Official website here: www.lincolnfdn.org
What is the revenue of Lincoln Foundation?
Lincoln Foundation's revenue in 2022 was $1,599,362.
Official website here: www.lincolnfdn.org
Who are the executives of Lincoln Foundation and what are their salaries?
The average compensation at Lincoln Foundation during 2022 was $25,047. There are 35 employees and 45 volunteers at Lincoln Foundation.
Here are 20 key members and their salaries:
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Official website here: www.lincolnfdn.org
Where can I find the form 990 for Lincoln Foundation?
Lincoln Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincolnfdn.org
Learn more at the official website: www.lincolnfdn.org
Mission Statement of Lincoln Foundation
The Lincoln Foundation, in its mission, strives to provide educational enrichment programs that aid and support youth in overcoming social and economic barriers to achievement. This is accomplished through the implementation of out-of-school academic enrichment and college readiness programs. One of their significant initiatives is the Whitney M. Young Scholars Program, which serves around 400 students. Beyond this, the foundation offers additional programs such as the Math & Science Program, Digital Transformation Academy, and the Educational Opportunity Scholarship Fund. These initiatives are all geared towards empowering and equipping young individuals to overcome the challenges they face and pave the way for their educational success.
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Impact
July, 2024
Lincoln Foundation's impact is evident in the transformative work it does to support youth in overcoming social and economic barriers to achievement. Through programs like the Whitney M. Young Scholars Program, the organization provides a vital alternative path for promising youth from under-resourced communities in Louisville. By offering academic enrichment, social development, and college readiness opportunities, Lincoln Foundation equips these students with the tools they need to succeed in high school and beyond. With a focus on developing the next generation of thought-leaders, change-makers, and trailblazers, Lincoln Foundation's impact extends far beyond individual students to positively influence communities and society as a whole.
This information is meant to be a general summary of Lincoln Foundation. 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: $203,350
- Program Service Revenue: $472,593
- Gross Receipts: $3,046,265
Assets and Liabilities:
- Total Assets: $12,050,462
- Total Liabilities: $697,178
- Net Assets: $11,353,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$469,218
PROGRAM FEES
Revenue
$3,375
Organization Details
Founding Year
1910
Phone
(502) 585-4733Principal Officer
Marshall Bradley Jr
Main Address
4322 BISHOP LANE, LOUISVILLE, KY, 40218
Website
www.lincolnfdn.orgNTEE Category
Code: B900 - Education
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