PROPUBLICA Fearless Reporting for an Informed Society — Join Us.
DONATE
Skip to content
ProPublica Donate
ProPublica Donate

Lincoln Academy Charter School

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.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

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.

Summary charts: organization finances over time

Revenue
$9.76M (2023)

Expenses
$9.99M (2023)

Total Assets
$22.1M (2023)

Total Liabilities
$23M (2023)

Source: Form 990 tax filings from 2013 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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,755,820
Expenses
$9,987,597
Net Income
-$231,777
Net Assets
-$819,538
Notable Sources of Revenue Percent of Total Revenue
Contributions $397,659
4.1%
Program Services $8,888,734
91.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $469,427
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,918,893
49.3%
Assets/Debt
Total Assets $22,140,405
Total Liabilities $22,959,943
Net Assets -$819,538
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
David Schoenhals (Executive Director) $145,600 $0 $31,158
Michah Gibreath (Vice President) $0 $0 $0
Amanda Corrion (President) $0 $0 $0
Lacy Cleveland (Secretary) $0 $0 $0
Travis Harrison (Treasurer) $0 $0 $0
Rob Mc Ready (Member) $0 $0 $0
Brandon De Vito (Member) $0 $0 $0
Kyle Pethe (Adjunct) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,228,548
Expenses
$6,471,989
Net Income
$2,756,559
Net Assets
-$587,761
Notable Sources of Revenue Percent of Total Revenue
Contributions $420,625
4.6%
Program Services $8,703,328
94.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $104,595
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,682,741
72.4%
Assets/Debt
Total Assets $21,861,221
Total Liabilities $22,448,982
Net Assets -$587,761
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
David Schoenhals (Executive Director) $150,400 $0 $31,434
Janelle Johnson (Elementary Principal) $120,322 $0 $25,147
Lindsey Abrams Tomsick (Ms Principal) $102,512 $0 $21,425
Stephanie Trowbridge (President) $0 $0 $0
Michah Gibreath (Vice President) $0 $0 $0
Amanda Corrion (Treasurer) $0 $0 $0
Lacy Cleveland (Secretary) $0 $0 $0
Doug Neeley (Member) $0 $0 $0
Sarah Wasinger (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,746,685
Expenses
$3,933,624
Net Income
$3,813,061
Net Assets
-$3,344,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $351,304
4.5%
Program Services $7,384,866
95.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,515
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,243,451
> 100%
Assets/Debt
Total Assets $22,889,955
Total Liabilities $26,234,275
Net Assets -$3,344,320
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Janelle Johnson (Principal) $135,986 $0 $32,025
Phil Courtney (President) $0 $0 $0
Stephanie Trowbridge (Vice President) $0 $0 $0
Jeff Baucum (Treasurer) $0 $0 $0
Amber Bilby (Secretary) $0 $0 $0
Sarah Wasinger (Director) $0 $0 $0
Michah Gibreath (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,034,880
Expenses
$5,379,139
Net Income
$4,655,741
Net Assets
-$7,157,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $437,246
4.4%
Program Services $7,728,411
77.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,869,223
18.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,187,967
77.9%
Assets/Debt
Total Assets $16,442,566
Total Liabilities $23,599,947
Net Assets -$7,157,381

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,714,126
Expenses
$6,958,986
Net Income
$755,140
Net Assets
-$11,813,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $426,150
5.5%
Program Services $7,264,737
94.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,239
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,770,764
54.2%
Assets/Debt
Total Assets $16,502,105
Total Liabilities $28,315,227
Net Assets -$11,813,122

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,884,508
Expenses
$13,285,471
Net Income
-$6,400,963
Net Assets
-$12,568,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $289,690
4.2%
Program Services $6,544,864
95.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $49,954
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,564,138
26.8%
Assets/Debt
Total Assets $19,508,133
Total Liabilities $32,076,395
Net Assets -$12,568,262

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,179,708
Expenses
$8,562,395
Net Income
-$2,382,687
Net Assets
-$5,713,025
Notable Sources of Revenue Percent of Total Revenue
Contributions $307,161
5.0%
Program Services $5,853,335
94.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,212
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,249,440
38.0%
Assets/Debt
Total Assets $21,187,613
Total Liabilities $26,900,638
Net Assets -$5,713,025

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,936,866
Expenses
$6,094,177
Net Income
-$157,311
Net Assets
-$3,330,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $240,594
4.1%
Program Services $5,653,454
95.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $42,818
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,940,267
48.2%
Assets/Debt
Total Assets $13,426,673
Total Liabilities $16,757,011
Net Assets -$3,330,338

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,258,783
Expenses
$5,071,464
Net Income
$187,319
Net Assets
-$3,173,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,058
3.7%
Program Services $4,960,019
94.3%
Investment Income $74
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $101,632
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,496,659
49.2%
Assets/Debt
Total Assets $11,787,198
Total Liabilities $14,960,225
Net Assets -$3,173,027

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,829,551
Expenses
$4,693,141
Net Income
$136,410
Net Assets
$2,969,185
Notable Sources of Revenue Percent of Total Revenue
Contributions $137,486
2.8%
Program Services $4,589,453
95.0%
Investment Income $91
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $102,521
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,260,437
48.2%
Assets/Debt
Total Assets $10,869,787
Total Liabilities $7,900,602
Net Assets $2,969,185

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,911,930
Expenses
$3,819,540
Net Income
$1,092,390
Net Assets
$2,832,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,722
2.2%
Program Services $3,487,391
71.0%
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,318,781
26.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,118,276
55.5%
Assets/Debt
Total Assets $11,069,605
Total Liabilities $8,236,830
Net Assets $2,832,775

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »