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Lincoln Academy Incorporated

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$9.68M (2023)

Expenses
$9.09M (2023)

Total Assets
$18.2M (2023)

Total Liabilities
$13.2M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,677,727
Expenses
$9,087,079
Net Income
$590,648
Net Assets
$5,062,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,057,891
93.6%
Program Services $363,510
3.8%
Investment Income $196,242
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $20,950
0.2%
Net Fundraising $39,138
0.4%
Sales of Assets -$25,857
Net Inventory Sales $0
Other Revenue $25,853
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $138,613
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,868,455
53.6%
Assets/Debt
Total Assets $18,215,109
Total Liabilities $13,152,392
Net Assets $5,062,717
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $138,613 $0 $28,623
Peter Ehlen (Vice Princip) $100,511 $0 $25,691
Mitchell Beck (Board Member) $0 $0 $0
Sarah Chaffin (Board Member) $0 $0 $0
Cade Close (Treasurer) $0 $0 $0
Scharman Grimmer (President) $0 $0 $0
Samantha Lee (Vice Preside) $0 $0 $0
Dave Merrick (Board Member) $0 $0 $0
Cherstyn Stockwell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,107,326
Expenses
$8,648,554
Net Income
$458,772
Net Assets
$4,472,069
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,711,049
95.6%
Program Services $272,053
3.0%
Investment Income $72,668
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $29,361
0.3%
Net Fundraising $0
Sales of Assets -$250
Net Inventory Sales $0
Other Revenue $22,445
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $117,434
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,486,348
51.9%
Assets/Debt
Total Assets $18,022,202
Total Liabilities $13,550,133
Net Assets $4,472,069
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $117,434 $0 $25,142
Sarah Chaffin (Board Member) $0 $0 $0
Cade Close (Treasurer) $0 $0 $0
Scharman Grimmer (President) $0 $0 $0
Jeremy Hall (Board Member) $0 $0 $0
Samantha Lee (Vice Preside) $0 $0 $0
Dave Merrick (Board Member) $0 $0 $0
Cherstyn Stockwell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,311,660
Expenses
$7,485,161
Net Income
$826,499
Net Assets
$4,013,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,146,014
98.0%
Program Services $92,084
1.1%
Investment Income $68,702
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $982
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,878
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $108,979
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,017,501
53.7%
Assets/Debt
Total Assets $17,993,351
Total Liabilities $13,980,054
Net Assets $4,013,297
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $108,979 $0 $23,037
Mark Bishop (Board Member) $0 $0 $0
Sarah Chaffin (Board Member) $0 $0 $0
Cade Close (Treasurer) $0 $0 $0
Scharman Grimmer (President) $0 $0 $0
Samantha Lee (Vice Preside) $0 $0 $0
Dave Merrick (Board Member) $0 $0 $0
Cherstyn Stockwell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,617,529
Expenses
$7,067,156
Net Income
$550,373
Net Assets
$3,725,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,244,162
95.1%
Program Services $244,210
3.2%
Investment Income $84,474
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,109
0.1%
Net Fundraising $32,479
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,095
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $101,415
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,676,139
52.0%
Assets/Debt
Total Assets $18,123,063
Total Liabilities $14,397,637
Net Assets $3,725,426
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $101,415 $0 $20,913
Mark Bishop (Board Member) $0 $0 $0
Kim Cahoon (Vice Preside) $0 $0 $0
Sarah Chaffin (Board Member) $0 $0 $0
Scharman Grimmer (President) $0 $0 $0
Byron Lawrence (Treasurer) $0 $0 $0
Samantha Lee (Board Member) $0 $0 $0
Cherstyn Stockwell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,130,037
Expenses
$6,588,532
Net Income
$541,505
Net Assets
$3,175,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,641,915
93.2%
Program Services $327,063
4.6%
Investment Income $111,690
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,080
0.1%
Net Fundraising $37,057
0.5%
Sales of Assets $85
0.0%
Net Inventory Sales $0
Other Revenue $3,147
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,992
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,382,740
51.3%
Assets/Debt
Total Assets $17,941,368
Total Liabilities $14,766,315
Net Assets $3,175,053
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $96,992 $0 $19,473
Mckinley Oswald (President) $0 $0 $0
Kim Cahoon (Vice Preside) $0 $0 $0
Byron Lawrence (Treasurer) $0 $0 $0
Mark Bishop (Board Member) $0 $0 $0
Scharman Grimmer (Board Member) $0 $0 $0
Sarah Chaffin (Board Member) $0 $0 $0
Samantha Lee (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,728,717
Expenses
$6,173,610
Net Income
$555,107
Net Assets
$2,633,549
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,256,759
93.0%
Program Services $332,949
4.9%
Investment Income $77,264
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $21,353
0.3%
Net Fundraising $32,131
0.5%
Sales of Assets $2,934
0.0%
Net Inventory Sales $0
Other Revenue $5,327
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,456
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,126,591
50.6%
Assets/Debt
Total Assets $17,621,134
Total Liabilities $14,987,585
Net Assets $2,633,549
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $93,456 $0 $18,862
Kim Cahoon (Vice Preside) $0 $0 $0
Mckinley Oswald (Board Member) $0 $0 $0
Jeremy Kirkham (Board Member) $0 $0 $0
Byron Lawrence (Treasurer) $0 $0 $0
Julie Walker (President) $0 $0 $0
Mark Bishop (Board Member) $0 $0 $0
Scharman Grimmer (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,362,070
Expenses
$5,950,678
Net Income
$411,392
Net Assets
$2,078,442
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,981,613
94.0%
Program Services $325,182
5.1%
Investment Income $21,896
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,849
0.2%
Net Fundraising $19,079
0.3%
Sales of Assets -$4,039
Net Inventory Sales $0
Other Revenue $2,490
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $97,595
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,988,116
50.2%
Assets/Debt
Total Assets $17,272,713
Total Liabilities $15,194,271
Net Assets $2,078,442
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $97,595 $0 $18,890
Kim Cahoon (Vice Preside) $0 $0 $0
Mckinley Oswald (Board Member) $0 $0 $0
Jeremy Kirkham (Board Member) $0 $0 $0
Maria Johnson (Board Member) $0 $0 $0
Byron Lawrence (Treasurer) $0 $0 $0
Julie Walker (President) $0 $0 $0
Mark Bishop (Board Member) $0 $0 $0
Scharman Grimmer (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,918,114
Expenses
$5,575,471
Net Income
$342,643
Net Assets
$1,667,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,598,102
94.6%
Program Services $251,780
4.3%
Investment Income $16,558
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,880
0.3%
Net Fundraising $25,740
0.4%
Sales of Assets $2,172
0.0%
Net Inventory Sales $0
Other Revenue $3,882
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,618
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,674,430
48.0%
Assets/Debt
Total Assets $17,067,244
Total Liabilities $15,400,194
Net Assets $1,667,050
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $93,618 $0 $18,339
Kim Cahoon (Vice Preside) $0 $0 $0
Mckinley Oswald (Board Member) $0 $0 $0
Jeremy Kirkham (Board Member) $0 $0 $0
Maria Johnson (Board Member) $0 $0 $0
Byron Lawrence (Treasurer) $0 $0 $0
Jennie Ohlund (Board Member) $0 $0 $0
Julie Walker (President) $0 $0 $0
Mark Bishop (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,517,950
Expenses
$5,225,898
Net Income
$292,052
Net Assets
$1,324,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,334,557
96.7%
Program Services $213,568
3.9%
Investment Income $14,273
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,430
0.1%
Net Fundraising $24,212
0.4%
Sales of Assets -$76,760
Net Inventory Sales $0
Other Revenue $4,670
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $84,503
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,543,053
48.7%
Assets/Debt
Total Assets $17,141,259
Total Liabilities $15,816,852
Net Assets $1,324,407
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $84,503 $0 $13,909
Kim Cahoon (Vice Preside) $0 $0 $0
Mckinley Oswald (Board Member) $0 $0 $0
Jeremy Kirkham (Board Member) $0 $0 $0
Maria Johnson (Board Member) $0 $0 $0
Larissa Powell (Board Member) $0 $0 $0
Jennie Ohlund (Board Member) $0 $0 $0
Julie Walker (President) $0 $0 $0
Gary Shatswell (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,420,018
Expenses
$4,572,097
Net Income
-$152,079
Net Assets
$1,032,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,240,012
95.9%
Program Services $136,574
3.1%
Investment Income $15,810
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,112
0.0%
Net Fundraising $22,622
0.5%
Sales of Assets -$2,836
Net Inventory Sales $0
Other Revenue $5,724
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $77,287
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,990,175
43.5%
Assets/Debt
Total Assets $18,429,166
Total Liabilities $17,396,811
Net Assets $1,032,355
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jacob Hunt (Principal) $77,287 $0 $12,313
Kim Cahoon (Vice Preside) $0 $0 $0
Mckinley Oswald (Board Member) $0 $0 $0
Jeremy Kirkham (Board Member) $0 $0 $0
Maria Johnson (Board Member) $0 $0 $0
Larissa Powell (Board Member) $0 $0 $0
Jennie Ohlund (Board Member) $0 $0 $0
Julie Walker (President) $0 $0 $0
Gary Shatswell (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,118,370
Expenses
$3,837,828
Net Income
$280,542
Net Assets
$1,570,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,959,732
96.1%
Program Services $120,421
2.9%
Investment Income $10,455
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,675
0.0%
Net Fundraising $20,555
0.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,532
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,991
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,897,637
49.4%
Assets/Debt
Total Assets $11,388,978
Total Liabilities $9,818,447
Net Assets $1,570,531

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,027,586
Expenses
$3,810,618
Net Income
$216,968
Net Assets
$1,289,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,939,023
97.8%
Program Services $56,681
1.4%
Investment Income $14,595
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,657
0.0%
Net Fundraising $12,914
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,716
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $73,658
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,779,209
46.7%
Assets/Debt
Total Assets $11,375,452
Total Liabilities $10,085,463
Net Assets $1,289,989

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,069,137
Expenses
$3,748,434
Net Income
$320,703
Net Assets
$1,073,021
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,969,181
97.5%
Program Services $63,915
1.6%
Investment Income $13,639
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,111
0.0%
Net Fundraising $18,455
0.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,836
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $73,967
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,821,158
48.6%
Assets/Debt
Total Assets $11,353,692
Total Liabilities $10,280,671
Net Assets $1,073,021

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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