Lincoln Foundation, Inc.
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Lincoln Foundation, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
To provide educational enrichment programs that develop and support youth in overcoming social
and economic barriers to achievement.
Year, State Incorporated:
1910, KY
Lincoln Foundation’s Whitney M. Young Leadership Initiative serves students from under-resourced households in metropolitan Louisville. The Initiative comprises the Whitney M. Young Scholars Program (WYSP), the College Transition Enrichment Program (CTEP), and the Future Leaders Internship Program (FLIP). WYSP prepares middle and high school students for college selection, application, and admission. CTEP initially helps to ensure a successful transition from high school to college. It then provides mentoring, guidance, and support until degree attainment. FLIP assists in securing career-related internships for college juniors and seniors.
For the year ended December 31, 2024, Lincoln Foundation, Inc.'s program expenses were:
| Educational programs | $1,467,396 |
| Total Program Expenses | $1,467,396 |
Chief Executive
Marshall Bradley, President
Chair of the Board
Ms. Gwendolyn M. Young
Chair's Profession / Business Affiliation
Retired, Muhammad Ali Museum and Education Center
Board Size
17
Paid Staff Size
24
Method(s) Used:
Direct mail appeals, Door-to-door solicitation, Grant proposals, Internet, Print advertisements
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Lincoln Foundation, Inc.'s audited financial statements for the year ended December 31, 2024.
Source of Funds
| Program fees | $4,022 |
| Change in fair value of investments held in trust by others | $6,560 |
| In-kind contributions | $56,521 |
| Special events, net | $59,978 |
| Contributions | $271,789 |
| Grants | $465,500 |
| Rental income | $600,143 |
| Investment return, net | $1,058,583 |
| Total Income | $2,523,096 |
Programs: 75% Fundraising: 10% Administrative: 14%
| Total Income | $2,523,096 |
| Total expenses: | $1,947,462 |
| Program expenses | $1,467,396 |
| Fundraising expenses | $201,154 |
| Administrative expenses | $278,912 |
| Other expenses | $0 |
| Income in Excess of Expenses | $575,634 |
| Beginning Net Assets | $11,977,401 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $12,553,035 |
| Total Liabilities | $704,365 |
| Total Assets | $13,257,400 |
Total assets as reported above include $1,967,259 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana