2025-05-08T09:39:33-05:00 2024-06-30 390758449 WIPFLI LLP 2501 W BELTLINE HWY STE 501 MADISON WI 53713 990 2023-07-01 843568463 THE LINCOLN ACADEMY LINC 6086905100 608 HENRY AVENUE BELOIT WI 53511 ELIZABETH MUNNELLY TREASURER 6086905100 2025-04-17 1 1 QUINN DUGAN P02267768 6082741980 2025-04-17 2023 2025-03-06 01:10:19Z ELIZABETH MUNNELLY 608 HENRY AVENUE BELOIT WI 53511 16662796 0 X HTTPS://WWW.THELINCOLNACADEMYBELOIT.COM/ X 2019 WI OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL. 9 9 133 9 0 0 14730485 16639647 0 0 13586 23149 -1110 -1807 14742961 16660989 0 0 0 0 5851959 7395380 0 0 0 3576543 4880768 9428502 12276148 5314459 4384841 45488749 48780980 1497489 404879 43991260 48376101 X TLA IS DEDICATED TO PROVIDING SCHOLARS AN ENVIRONMENT CONDUCIVE TO THE LEARNING PROCESS. WE PROVE WHAT IS POSSIBLE WHEN SCHOLARS ARE GIVEN THE RIGHT COMBINATION OF SCHOOL CULTURE, STRONG ACADEMICS, CAREER INTEGRATION AND A MISSION-DRIVEN STAFF. 1 0 9917151 0 0 THE LINCOLN ACADEMY EDUCATED OVER 600 SCHOLARS DURING THE THIRD EDUCATIONAL SCHOOL YEAR 2023-2024. 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. CAREER EXPLORATION HAD 98% OF K5-4 AND 6-11 GRADE SCHOLARS COMPLETED XELLO CAREER CURRICULUM LESSONS, 100% OF SCHOLARS IN 8TH GRADE PRESENTED THEIR INDIVIDUALIZED LEARNING PLAN, SEVEN DUAL CREDIT AND 175 BUSINESS PARTNERSHIPS SUPPORTED CAREER EXPLORATION AND 3000 SERVICE LEARNING HOURS WERE LOGGED BY SCHOLARS. 9917151 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 16 0 133 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 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 BARBARA HICKMAN DIRECTOR 1.00 X 0 0 0 KRISTI COLE CHIEF EXECUTIVE OFFICER 40.00 X 327116 0 48296 JAMIE MERATH CHIEF FINANCIAL OFFICER 40.00 X 155100 0 8619 KARI FLITZ CHIEF INSTRUCTION OFFICER 40.00 X 153450 0 30059 MARC ANDERSON DIR. TECHNOLOGY 40.00 X 121100 0 27395 MATT SCHULTZ TEACHER 40.00 X 115605 0 6565 YOLANDA RIVERA DIRECTOR OF SCHOLAR SERVICE 40.00 X 115217 0 20315 987588 0 141249 6 0 1 0 CORPORATE CONTRACTORS 3800 GATEWAY BLVD BELOIT WI 53511 CONSTRUCTION 9354655 DURHAM SCHOOL SERVICES PO BOX 841879 DALLAS TX 75284 TRANSPORTATION OF SCHOLARS 406823 A'VIANDS LLC PO BOX 743357 ATLANTA GA 30374 FOOD SERVICE CONTRACT 317184 KLEENMARK SERVICE CORP 1210 ANN ST MADISON WI 53713 CLEANING CONTRACT 141505 4 15093 8995728 7628826 16639647 23149 23149 0 15093 1807 -1807 -1807 16660989 0 0 21342 X 521143 521143 5189538 4070692 1118846 238536 186610 51926 1017741 857316 160425 428422 338330 90092 32038 32038 19200 19200 36561 36561 1475523 1323189 152334 183 183 286499 255934 30565 122656 122656 461462 461462 1276078 1276078 110347 110347 NON-CAPITAL EQUIPMENT 447235 438729 8506 FOOD SERVICES 405250 405250 INSTRUCTIONAL SUPPLIES 99361 99361 108375 81361 27014 12276148 9917151 2358997 0 1056450 1495772 346227 512945 26481 27144 118653 4758 50079714 3339353 43940938 46740361 45488749 48780980 1497489 404879 1497489 404879 X 43991260 48376101 43991260 48376101 45488749 48780980 4384841 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 36561 36561 0 PART II-B, LINE 1: TLA PAID BENDER CONSULTING TO SUPPORT K12 EDUCATION POLICY AND FINANCE CHANGES AT THE STATE LEVEL. 370000 370000 48139076 2693124 45445952 1570638 646229 924409 46740361 X 16662796 1807 1807 16660989 0 16660989 12277955 1807 1807 12276148 0 12276148 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,807. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,807. 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. SCHOLAR SHOWCASE 15093 15093 199 1400 208 15093 15093 199 1400 208 1807 -1807 X X 0 0 0 0 0 0 0 0 0 KRISTI COLE CHIEF EXECUTIVE OFFICER 222141 0 104375 0 600 0 11474 0 36822 0 375412 0 0 0 KARI FLITZ CHIEF INSTRUCTION OFFICER 143500 0 9350 0 600 0 5007 0 25052 0 183509 0 0 0 JAMIE MERATH CHIEF FINANCIAL OFFICER 145000 0 9500 0 600 0 7725 0 894 0 163719 0 0 0 DIANE HENDRICKS SECRETARY 5097830 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. FORM 990, PART III, LINE 2 DURING THE 2023-24 FISCAL YEAR THE LINCOLN ACADEMY ADDED 4TH AND 11TH GRADE TO THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP - 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 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 ABSTAIN 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. FORM 990, PART IX, LINE 11G PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 1,323,189. MANAGEMENT AND GENERAL EXPENSES 152,334. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,475,523. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE FROM PRIOR YEAR.