2022-05-16T09:29:08-05:00 2021-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2020-07-01 843568463 THE LINCOLN ACADEMY LINC 6086905100 608 HENRY AVENUE BELOIT WI 53511 DAVID MCCOY TREASURER 6086905100 2022-05-13 1 DAVID MCCOY 999009999 MICHAEL J PETERSON CPA P01833529 2187224705 2022-05-13 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X X DAVID MCCOY 608 HENRY AVE BELOIT WI 53511 34731650 0 X HTTPS://WWW.THELINCOLNACADEMYBELOIT.COM/ X 2019 WI OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL. 9 8 8 0 0 0 820000 34731650 0 0 0 0 0 0 820000 34731650 0 0 0 0 0 709692 0 0 0 96098 838196 96098 1547888 723902 33183762 723903 37712409 0 3804744 723903 33907665 OPERATION OF THE LINCOLN ACADEMY, A PUBLIC (4K-12) CHARTER SCHOOL. 0 0 369901 THE 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. 369901 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 0 1 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 MARIA ELENA WHITE DIRECTOR 0.00 0.00 X 0 0 0 MIGUEL GUZMAN DIRECTOR 0.00 0.00 X 0 0 0 JOE STADELMAN DIRECTOR 0.00 0.00 X 0 0 0 DR ERIC XANTHOPOULOS DIRECTOR 0.00 0.00 X 0 0 0 DARIAN SNOW DIRECTOR 0.00 0.00 X 0 0 0 PASTOR DANNIE EVANS VICE CHAIRPERSON 0.00 0.00 X X 0 0 0 DIANE HENDRICKS SECRETARY 0.00 0.00 X X 0 0 0 DAVID MCCOY TREASURER 0.00 0.00 X X 0 0 0 LISA FURSETH CHAIRPERSON 0.00 0.00 X X 0 0 0 KRISTI COLE CHIEF EXECUTIVE OFFICER 40.00 0.00 X 94792 0 0 94792 0 0 0 0 0 0 0 34731650 370000 34731650 34731650 0 0 0 574636 574636 1922 1922 90890 90890 42244 42244 163141 163141 56446 56446 34500 34500 36955 21522 15433 104807 32334 72473 340170 316045 24125 76819 76819 25358 25358 1547888 369901 1177987 0 175964 991931 8638 36711840 0 547939 36711840 723903 37712409 3804744 0 3804744 X 0 0 0 0 723903 33907665 723903 33907665 723903 37712409 33183762 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 370000 370000 36341840 36341840 36711840 34731650 0 34731650 0 34731650 1547888 0 1547888 0 1547888 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. DIANE HENDRICKS SECRETARY 31421968 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 1 370000 3RD PARTY APPRAISAL 0 0 0 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 A, LINE 4 ORGANIZATION CHANGED THEIR NAME AND REFLECTED SUCH IN THEIR ORGANIZING DOCUMENTS 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. 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 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 18 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 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.