Lincoln Sports Foundation Inc
Nonprofit profile at a glance
- EIN
- 450533389
- IRS 990 coverage
- 2017–2023
- Forms available
- Form 990 2023
- Location
- Lincoln, NE, USA
- Phone
- 4024642255
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Physical Fitness and Community Recreational Facilities
Reported finances
- Revenue
- $856,175
- Expenses
- $967,187
- Assets
- $6,330,144
- Liabilities
- $3,188,852
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DAN LESOING (PRESIDENT)
People named in this filing
- RACHEL CULWELL (DIRECTOR)
- DAN LESOING (PRESIDENT)
- LISA MOORE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the lincoln sports foundation is a commitment to developing, mentoring and training student athletes and their families through programs that provide quality coaching and facilities enabling them to reach their full potential as athletes and members of the community reflecting our values of honesty, integrity and a commitment to excellence, through the operation of the sports complex.
What it reported doing in 2023
The indoor sports center program provides one of the midwest's largest and finest indoor sports centers with 4 indoor arenas of 28,000 square feet each. The indoor sports center is used by the capital soccer association and the cornhusker shooting stars to run their programs. Trackville uses the shock cushioned floor to run their programs. Trackville is one of the largest privately founded indoor track foundations in the midwest. The indoor sports center has a total of 6 volleyball courts for year around use. The capital soccer association utilizes an arena with indoor sports turf to run their programs in the winter months. The cornhusker shooting stars youth basketball program utilizes two arenas with 6 basketball courts to run their basketball program. The indoor sports center is also utilized to run both volleyball and basketball tournaments. No coast jr. Roller derby uses multicourt side for training and meets. In total, the indoor sports center program had hundreds of athletes utilize the indoor sports center during the tax year.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.1%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -13%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 6.54; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.1% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $882K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2017 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.