Lincoln County Economic Development Foundation

Lincoln, KS
Tax-exempt since July 1999
EIN: 48-1207971

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a donor-advised fund

Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Revenue

$223k (2023)

Expenses

$247k (2023)

Total Assets

$819k (2023)

Total Liabilities

$70.5k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings 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.

Fiscal Year Ending Dec.
2023

Revenue

$223,067

Expenses

$247,438

Net Income

-$24,371

Net Assets

$747,972

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$215,487	96.6%
Program Services	$675	0.3%
Investment Income	$6,155	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$750	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$61,163	24.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$66,213	26.8%

Assets/Debt
Total Assets	$818,512
Total Liabilities	$70,540
Net Assets	$747,972

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Gourley (Director)	$61,163	$0	$0
Tim Meier (President & Ceo)	$0	$0	$0
Craig Stertz (Vice President)	$0	$0	$0
Barb Rathbun (Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$189,950

Expenses

$182,045

Net Income

$7,905

Net Assets

$772,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$156,830	82.6%
Program Services	$26,441	13.9%
Investment Income	$5,929	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$750	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$59,095	32.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$36,171	19.9%

Assets/Debt
Total Assets	$849,023
Total Liabilities	$76,679
Net Assets	$772,344

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Gourley (Director)	$59,095	$0	$4,800
Tim Meier (President & Ceo)	$0	$0	$0
Susan Wollesen (Vice President)	$0	$0	$0
Barb Rathbun (Secretary)	$0	$0	$0

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990

Filed on Nov. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$205,676

Expenses

$129,739

Net Income

$75,937

Net Assets

$764,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$146,141	71.1%
Program Services	$52,263	25.4%
Investment Income	$7,272	3.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,822	43.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$35,211	27.1%

Assets/Debt
Total Assets	$804,004
Total Liabilities	$39,567
Net Assets	$764,437

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Gourley (Director)	$56,822	$0	$4,800
Tim Meier (President & Ceo)	$0	$0	$0
Susan Wollesen (Vice President)	$0	$0	$0
Barb Rathbun (Secretary)	$0	$0	$0

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990

Filed on Nov. 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$161,507

Expenses

$135,201

Net Income

$26,306

Net Assets

$688,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$130,315	80.7%
Program Services	$21,572	13.4%
Investment Income	$9,620	6.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$96,361	71.3%

Assets/Debt
Total Assets	$732,252
Total Liabilities	$43,752
Net Assets	$688,500

Compensation

Key Employees and Officers	Compensation	Related	Other
Tim Meier (President & Ceo)	$0	$0	$0
Susan Wollesen (Vice President)	$0	$0	$0
Barb Rathbun (Secretary)	$0	$0	$0
Kelly Larson (Director)	$0	$0	$0

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990

Filed on Nov. 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$161,084

Expenses

$174,965

Net Income

-$13,881

Net Assets

$662,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$148,857	92.4%
Program Services	$3,152	2.0%
Investment Income	$9,075	5.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$53,560	30.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,393	9.9%

Assets/Debt
Total Assets	$708,845
Total Liabilities	$46,651
Net Assets	$662,194

Compensation

Key Employees and Officers	Compensation	Related	Other
Kelly Larson (Director)	$53,560	$0	$0
Tim Meier (President & Ceo)	$0	$0	$0
Chad Walter (Vice President)	$0	$0	$0
Barb Rathbun (Secretary)	$0	$0	$0

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990

Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$190,543

Expenses

$114,443

Net Income

$76,100

Net Assets

$676,085

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$170,174	89.3%
Program Services	$7,987	4.2%
Investment Income	$12,304	6.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$76	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$58,299	50.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$753,342
Total Liabilities	$77,257
Net Assets	$676,085

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$145,797

Expenses

$110,499

Net Income

$35,298

Net Assets

$599,985

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$106,264	72.9%
Program Services	$11,680	8.0%
Investment Income	$13,888	9.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$13,888	9.5%
Net Inventory Sales	$0
Other Revenue	$77	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,386	5.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$52,886	47.9%

Assets/Debt
Total Assets	$683,868
Total Liabilities	$83,883
Net Assets	$599,985

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$111,496

Expenses

$88,930

Net Income

$22,566

Net Assets

$464,670

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$110,684	99.3%
Program Services	$0
Investment Income	$812	0.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$464,670
Total Liabilities	$0
Net Assets	$464,670

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$88,168

Expenses

$73,170

Net Income

$14,998

Net Assets

$442,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$87,470	99.2%
Program Services	$0
Investment Income	$698	0.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$442,104
Total Liabilities	$0
Net Assets	$442,104

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$78,477

Expenses

$52,697

Net Income

$25,780

Net Assets

$427,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$77,123	98.3%
Program Services	$0
Investment Income	$1,364	1.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$427,106
Total Liabilities	$0
Net Assets	$427,106

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$78,473

Expenses

$61,022

Net Income

$17,451

Net Assets

$401,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$77,381	98.6%
Program Services	$0
Investment Income	$1,092	1.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$401,326
Total Liabilities	$0
Net Assets	$401,326

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$85,622

Expenses

$57,883

Net Income

$27,739

Net Assets

$383,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$84,814	99.1%
Program Services	$0
Investment Income	$808	0.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$383,875
Total Liabilities	$0
Net Assets	$383,875

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$88,459

Expenses

$61,834

Net Income

$26,625

Net Assets

$356,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$87,612	99.0%
Program Services	$0
Investment Income	$847	1.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$356,086
Total Liabilities	$0
Net Assets	$356,086

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 »

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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Updated December 20, 2024

Lincoln County Economic Development Foundation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $223k (2023)

Expenses $247k (2023)

Total Assets $819k (2023)

Total Liabilities $70.5k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

Revenue

$223k (2023)

Expenses

$247k (2023)

Total Assets

$819k (2023)

Total Liabilities

$70.5k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001