2023-05-03T09:08:30-05:00 2022-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2021-07-01 843568463 THE LINCOLN ACADEMY LINC 6086905100 608 HENRY AVENUE BELOIT WI 53511 DAVID MCCOY TREASURER 6086905100 2023-04-25 1 DAVID MCCOY 999009999 MICHAEL J PETERSON CPA P01833529 2187224705 2023-04-25 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVID MCCOY 608 HENRY AVE BELOIT WI 53511 13095547 0 X HTTPS://WWW.THELINCOLNACADEMYBELOIT.COM/ X 2019 WI OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL. 9 9 72 9 0 0 34731650 13095547 0 0 0 0 0 0 34731650 13095547 0 0 0 0 709692 4860297 0 0 0 838196 3466114 1547888 8326411 33183762 4769136 37712409 39721302 3804744 1044501 33907665 38676801 OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL. 0 0 6362272 0 0 THE LINCOLN ACADEMY EDUCATED OVER 400 SCHOLARS DURING THE FIRST EDUCATIONAL SCHOOL YEAR 2021-22. OUR THREE PILLARS OF ACADEMIC RIGOR, CHARACTER DEVELOPMENT AND CAREER EXPLORATION CAME TO LIFE. OUR SCHOLARS ACHIEVED STRONG ACADEMIC GROWTH BY EVIDENCE OF SPRING MAP RESULTS, 98% OF K5-2 AND 6-9 GRADE SCHOLARS COMPLETED XELLO CAREER CURRICULUM LESSONS, 100% OF SCHOLARS IN 8TH GRADE PRESENTED THEIR INDIVIDUALIZED LEARNING PLAN, TWO DUAL CREDIT AND 130+ BUSINESS PARTNERSHIPS SUPPORTED CAREER EXPLORATION AND 1300 SERVICE LEARNING HOURS WERE LOGGED BY SCHOLARS. 6362272 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 9 0 1 72 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X DR KRISTI COLE 6086905100 608 HENRY AVENUE BELOIT WI 53511 PASTOR DANNIE EVANS VICE CHAIRPERSON (THRU JUNE 2022) 1.00 X X 0 0 0 LISA FURSETH CHAIRPERSON 3.00 X X 0 0 0 DIANE HENDRICKS SECRETARY 1.00 X X 0 0 0 DAVID MCCOY TREASURER 1.00 X X 0 0 0 MIGUEL GUZMAN DIRECTOR 1.00 X 0 0 0 DARIAN SNOW DIRECTOR 1.00 X 0 0 0 JOE STADELMAN DIRECTOR 1.00 X 0 0 0 MARIA ELENA WHITE DIRECTOR 1.00 X 0 0 0 DR ERIC XANTHOPOULOS DIRECTOR 1.00 X 0 0 0 KRISTI COLE CHIEF EXECUTIVE OFFICER 40.00 X 187178 0 55285 KARI FLITZ CHIEF INSTRUCTION OFFICER 40.00 X 132916 0 30233 320094 0 85518 2 0 1 0 CORPORATE CONTRACTORS 3800 GATEWAY BLVD BELOIT WI 53511 CONSTRUCTION 28244544 CDWG 75 REMITTANCE DR STE 1515 CHICAGO IL 60675 TECHNOLOGY FOR BUILDING 188811 DURHAM TRANSPORTATION PO BOX 841879 DALLAS TX 75284 TRANSPORTATION OF SCHOLARS 101482 3 4519830 8575717 92000 13095547 13095547 0 0 0 227496 227496 3632323 2658656 973667 113645 29891 83754 611877 441409 170468 274956 190422 84534 16000 16000 802119 528808 273311 245465 226478 18987 99630 76519 23111 106725 106725 306305 306305 1007203 1007203 73957 73957 NON-CAPITAL EQUIPMENT 344203 339221 4982 FOOD SERVICES 224991 224991 INSTRUCTIONAL SUPPLIES 57263 57263 182253 168381 13872 8326411 6362272 1964139 0 991931 1017448 142850 8638 0 39568207 1007203 36711840 38561004 37712409 39721302 3804744 144501 0 900000 3804744 1044501 X 33907665 38676801 33907665 38676801 37712409 39721302 4769136 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 370000 370000 37378707 761619 36617088 1819500 245584 1573916 38561004 X 13095547 0 13095547 0 13095547 8326411 0 8326411 0 8326411 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING WHETHER IT IS MORE LIKELY THAN NOT THAT A TAXING AUTHORITY WOULD SUSTAIN THE TAX POSITION UPON EXAMINATION OF THE TECHNICAL MERITS OF THE TAX POSITION, ASSUMING THE TAXING AUTHORITY HAS THE FULL KNOWLEDGE OF ALL INFORMATION. THE ORGANIZATION RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICIES ARE ON THE WEBSITE. SCHEDULE E, PART I, LINE 4 CONTRIBUTIONS WERE NOT SOLICITED IN THE REPORTING PERIOD. SCHEDULE E, PART I, LINE 5 THE LINCOLN ACADEMY DOES NOT DISCRIMINATE BY RACE. X X 0 0 0 0 0 0 0 0 0 KRISTI COLE CHIEF EXECUTIVE OFFICER 187178 0 0 0 0 0 11667 0 43618 0 242463 0 0 0 KARI FLITZ CHIEF INSTRUCTION OFFICER 132916 0 0 0 0 0 3653 0 26580 0 163149 0 0 0 DIANE HENDRICKS SECRETARY 28244544 CONSTRUCTION CONTRACT 0 SCH L, PART IV, LINE 1 THE CORPORATION ISSUED A RESOLUTION TO COMPLY WITH THE "REBUTTABLE PRESUMPTION PROCEDURES SET FORTH IN THE TREASURY REGULATIONS UNDER INTERNAL REVENUE CODE SECTION 4958, THE BOARD HAS SCRUTINIZED THESE TRANSACTIONS TO ESTABLISH THAT THE TRANSACTIONS ARE AT OR BELOW FAIR MARKET VALUE (FMV), ARE REASONABLE FOR THE LINCOLN ACADEMY, AND DO NOT CONVEY UNDUE PRIVATE BENEFIT TO HCP, CCI, OR ANY OF THE INDIVIDUALS AFFILIATED WITH THESE ENTITIES OR THE HENDRICKS HOLDING COMPANY. THE ORGANIZATION TOOK EVERY STEP TO RECEIVE COMPETITIVE BIDS FOR THIS PROCESS. UPON COMPLETION OF THE CONSTRUCTION THE SCHOOL WILL BE ABLE TO FULFILL ITS MISSION OF PROVIDING HIGH QUALITY EDUCATION IN AN APPROPRIATE BUILDING. X TOOLS 1 92000 COST OF DONATED PROP 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE ACTUAL NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP - ROB GERBITZ IS PRESIDENT AND CEO OF HENDRICKS COMMERCIAL PROPERTIES, LISA FURSETH IS DIRECTOR OF COMMUNITY INITIATIVES FOR HENDRICKS HOLDING COMPANY, AND DIANE HENDRICKS, A SIGNIFICANT DONOR AND BOARD CHAIR, HAS A FINANCIAL RELATIONSHIP WITH HENDRICKS COMMERCIAL PROPERTIES AND CORPORATE CONTRACTORS INC. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OF THE GOVERNING BOARD SERVES AS AUDIT COMMITTEE AND IS RESPONSIBLE FOR REVIEWING AND APPROVING THE 990 PRIOR TO SUBMISSION. A COPY OF THE APPROVED 990 IS PROVIDED TO ALL MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT DISCLOSURES ARE MAINTAINED AND DIRECTORS MUST ABSTAIN FROM ANY DECISIONS THAT REPRESENTS A CONFLICT. CONFLICTS OF INTERESTS ARE TO BE REPORTED TO THE GOVERNING BOARD. ONCE THE INTEREST IS REPORTED THAT PERSON SHALL OBTAIN FROM FURTHER DISCUSSION ON THE TOPIC AND THE REMAINING BOARD MEMBERS WILL DETERMINE IF A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 KRISTI COLE, CEO RUNS THE DAY TO DAY OPERATIONS OF THE LINCOLN ACADEMY. KRISTI'S WAGE WAS DETERMINED BY A COMPARABLE STUDY OF WHAT OTHER DISTRICTS AND CHARTER SCHOOLS WERE PAYING SUPERINTENDENTS AND CEO'S. THE BOARD THEN REVIEWED THIS INFORMATION AND APPROVED THE RECOMMENDATION. IN REGARDS TO OTHER SENIOR LEVEL POSITIONS A RANGE OF SALARIES WAS DETERMINED AND APPROVED BY THE BOARD AND KRISTI THEN HIRES AND PROVIDES A SALARY OFFER WITHIN THE RANGE THAT IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE LINCOLN ACADEMY IS SUBJECT TO WI OPEN RECORDS LAWS AND PROVIDES INFORMATION ON THE WEBSITE WITH INSTRUCTIONS FOR REQUESTING GOVERNING AND FINANCIAL DOCUMENTS.