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THE LINCOLN ACADEMY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE LINCOLN ACADEMY (EIN 84-3568463)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202241369349303509
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T09:29:08-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390758449PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WIPFLI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11502 LONDON ROAD SUITE 200AddressLine1Txt
CityDULUTHCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55812ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN843568463EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LINCOLN ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLINCBusinessNameControlTxt
Phone6086905100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1608 HENRY AVENUEAddressLine1Txt
CityBELOITCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53511ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID MCCOYPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6086905100PhoneNum
Signature2022-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastMCCOYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL J PETERSON CPAPreparerPersonNm
PTINP01833529PTIN
Phone2187224705PhoneNum
Preparation2022-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Name ChangeYes (X)NameChangeInd
Principal OfficerDAVID MCCOYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1608 HENRY AVEAddressLine1Txt
CityBELOITCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53511ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$34,731,650GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.THELINCOLNACADEMYBELOIT.COM/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionOPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$820,000PYContributionsGrantsAmt
CY Contributions Grants$34,731,650CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$820,000PYTotalRevenueAmt
CY Total Revenue$34,731,650CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$709,692CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$96,098PYOtherExpensesAmt
CY Other Expenses$838,196CYOtherExpensesAmt
PY Total Expenses$96,098PYTotalExpensesAmt
CY Total Expenses$1,547,888CYTotalExpensesAmt
PY Revenues Less Expenses$723,902PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$33,183,762CYRevenuesLessExpensesAmt
Total Assets BOY$723,903TotalAssetsBOYAmt
Total Assets EOY$37,712,409TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,804,744TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$723,903NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$33,907,665NetAssetsOrFundBalancesEOYAmt
MissionOPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$369,901ExpenseAmt
DescTHE LINCOLN ACADEMY COMPLETED AN ARRAY OF START-UP ACTIVITIES FOR THE OPENING OF THE SCHOOL, INCLUDING BUT NOT LIMITED TO RECRUITMENT AND HIRING OF YEAR ONE PERSONNEL, ENROLLMENT OF SCHOOLS, CURRICULUM PLANNING, PURCHASE OF EQUIPMENT OF MATERIALS, CONSTRUCTION OF SCHOOL FACILITY, BOARD RECRUITMENT AND TRAINING, AND POLICY AND SYSTEM DEVELOPMENT. THE SCHOOL BEGAN EDUCATING STUDENTS IN THE FALL OF 2021.Desc
Total Program Service Expenses$369,901TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DR KRISTI COLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6086905100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1608 HENRY AVENUEAddressLine1Txt
CityBELOITCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53511ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
MARIA ELENA WHITE
DIRECTOR0.000.00Yes (X)$0$0$0
MIGUEL GUZMAN
DIRECTOR0.000.00Yes (X)$0$0$0
JOE STADELMAN
DIRECTOR0.000.00Yes (X)$0$0$0
DR ERIC XANTHOPOULOS
DIRECTOR0.000.00Yes (X)$0$0$0
DARIAN SNOW
DIRECTOR0.000.00Yes (X)$0$0$0
PASTOR DANNIE EVANS
VICE CHAIRPERSON0.000.00Yes (X)$0$0$0Yes (X)
DIANE HENDRICKS
SECRETARY0.000.00Yes (X)$0$0$0Yes (X)
DAVID MCCOY
TREASURER0.000.00Yes (X)$0$0$0Yes (X)
LISA FURSETH
CHAIRPERSON0.000.00Yes (X)$0$0$0Yes (X)
KRISTI COLE
CHIEF EXECUTIVE OFFICER40.000.00$94,792$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$94,792TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$34,731,650AllOtherContributionsAmt
Noncash Contributions$370,000NoncashContributionsAmt
Total Contributions$34,731,650TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$34,731,650TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$574,636TotalAmt
Management And General$574,636ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,922TotalAmt
Management And General$1,922ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$90,890TotalAmt
Management And General$90,890ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$42,244TotalAmt
Management And General$42,244ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$163,141TotalAmt
Management And General$163,141ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$56,446TotalAmt
Management And General$56,446ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$34,500TotalAmt
Management And General$34,500ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$36,955TotalAmt
Program Services$21,522ProgramServicesAmt
Management And General$15,433ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$104,807TotalAmt
Program Services$32,334ProgramServicesAmt
Management And General$72,473ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$340,170TotalAmt
Program Services$316,045ProgramServicesAmt
Management And General$24,125ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$76,819TotalAmt
Management And General$76,819ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$25,358TotalAmt
Management And General$25,358ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,547,888TotalAmt
Program Services$369,901ProgramServicesAmt
Management And General$1,177,987ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$175,964BOYAmt
EOY$991,931EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$8,638EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$36,711,840LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$547,939BOYAmt
EOY$36,711,840EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$723,903BOYAmt
EOY$37,712,409EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$3,804,744EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,804,744EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$723,903BOYAmt
EOY$33,907,665EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$723,903BOYAmt
EOY$33,907,665EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$723,903BOYAmt
EOY$37,712,409EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$33,183,762ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$370,000OtherCostOrOtherBasisAmt
Book Value$370,000BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$36,341,840OtherCostOrOtherBasisAmt
Book Value$36,341,840BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$36,711,840TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$34,731,650TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$34,731,650RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$34,731,650TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,547,888TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,547,888ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,547,888TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol0MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3POLICIES ARE ON THE WEBSITE.
SCHEDULE E, PART I, LINE 4CONTRIBUTIONS WERE NOT SOLICITED IN THE REPORTING PERIOD.
SCHEDULE E, PART I, LINE 5THE LINCOLN ACADEMY DOES NOT DISCRIMINATE BY RACE.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonDIANE HENDRICKSPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionSECRETARYRelationshipDescriptionTxt
Transaction$31,421,968TransactionAmt
TransactionCONSTRUCTION CONTRACTTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCH L, PART IV, LINE 1FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule M IRS990ScheduleM

Real Estate Other RealEstateOtherGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$370,000NoncashContributionsRptF990Amt
Method Of Determining Revenues3RD PARTY APPRAISALMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2BUSINESS 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 A, LINE 4ORGANIZATION CHANGED THEIR NAME AND REFLECTED SUCH IN THEIR ORGANIZING DOCUMENTS
FORM 990, PART VI, SECTION B, LINE 11BTHE 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. THE FINANCE COMMITTEE OF THE GOVERNING BOARD SERVES AS AUDIT COMMITTEE AND IS RESPONSIBLE FOR REVIEWING AND APPROVING THE 990 PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CANNUAL 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 15KRISTI 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 18THE 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 VI, SECTION C, LINE 19THE LINCOLN ACADEMY IS SUBJECT TO WI OPEN RECORDS LAWS AND PROVIDES INFORMATION ON THE WEBSITE WITH INSTRUCTIONS FOR REQUESTING GOVERNING AND FINANCIAL DOCUMENTS.

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