2024-05-10T13:00:40-05:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2023-01-01 610449631 LINCOLN FOUNDATION LINC 5025854733 4322 BISHOP LANE LOUISVILLE KY 40218 MARSHALL BRADLEY JR PRESIDENT 5025854733 2024-05-10 1 MARSHALL BRADLEY JR 999009999 1 ELEANOR A LIVINGSTON CPA MST P00226461 8885871719 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARSHALL BRADLEY JR 4322 BISHOP LANE LOUISVILLE KY 40218 2813101 0 X WWW.LINCOLNFDN.ORG X 1910 KY TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS THAT DEVELOP AND SUPPORT YOUTH IN OVERCOMING SOCIAL AND ECONOMIC BARRIERS TO ACHIEVEMENT. 19 18 30 24 0 0 870157 637061 472593 507210 203350 288110 53262 49962 1599362 1482343 104632 149718 0 0 1005234 1112060 0 0 186200 534914 629079 1644780 1890857 -45418 -408514 12050462 12628186 697178 650785 11353284 11977401 X TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS THAT DEVELOP AND SUPPORT YOUTH IN OVERCOMING SOCIAL AND ECONOMIC BARRIERS TO ACHIEVEMENT. THIS MISSION IS ACCOMPLISHED THROUGH OUTSIDE OF SCHOOL ACADEMIC ENRICHMENT AND COLLEGE READINESS PROGRAMS. THE SIGNATURE PROGRAM IS THE WHITNEY M. YOUNG SCHOLARS PROGRAM WHICH SERVES APPROXIMATELY 300 STUDENTS. OTHER PROGRAMS INCLUDE THE COLLEGE TRANSITION ENRICHMENT PROGRAM, MATH & SCIENCE PROGRAM, DIGITAL TRANSFORMATION ACADEMY, INSPIRE PROGRAM, AND THE EDUCATIONAL OPPORTUNITY SCHOLARSHIP FUND. 0 0 1119517 149718 2801 THE WHITNEY M. YOUNG SCHOLARS PROGRAM IS A COLLEGE READINESS PROGRAM FOR PROMISING YOUTH FROM UNDER-RESOURCED COMMUNITIES THROUGHOUT THE LOUISVILLE AREA. THE PROGRAM PROVIDES SCHOLARS AN ALTERNATIVE PATH, RAISING THEIR SIGHTS AND FOSTERING THE DEVELOPMENT OF A NEW GENERATION OF THOUGHT-LEADERS, CHANGE MAKERS AND TRAILBLAZERS. STUDENTS COMMIT TO PARTICIPATE IN EXPERIENTIAL SATURDAY MORNING AND SUMMER PROGRAMS THAT PREPARE THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY FOR HIGH SCHOOL GRADUATION AND THE RIGORS OF COLLEGE. ELIGIBLE STUDENTS MUST HAVE A MINIMUM GRADE POINT AVERAGE OF 3.0 AND QUALIFY FOR FREE OR REDUCED LUNCH. APPROXIMATELY 300 STUDENTS ARE SERVED BY THIS PROGRAM ANNUALLY. 43346 THE MATH & SCIENCE SUMMER PROGRAM HELD AT THE KENTUCKY SCIENCE CENTER ENGAGES HIGH SCHOOL STUDENTS IN A REAL WORLD LABORATORY SETTING. APPROXIMATELY 50 HIGH SCHOOL STUDENTS GATHER INFORMATION, CONDUCT SCIENTIFIC INVESTIGATIONS, SOLVE PROBLEMS, DESIGN PROJECTS, AND PRESENT SUSTAINABLE SOLUTIONS. THE PROGRAM UTILIZES STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) TEACHING STRATEGIES TO HELP STUDENTS RESEARCH THREE FOCUS AREAS OF BIODIVERSITY, WATER QUALITY, AND ENERGY. PROGRAM PARTNERS INCLUDE UOFL COLLEGE OF ARTS AND SCIENCES, UPS, GE, AND LG&E AND KU ENERGY LLC. 200758 504409 DIGITAL TRANSFORMATION ACADEMY - PARTNERSHIP WITH THE UNIVERSITY OF LOUISVILLE RISING STARS - PARTNERSHIP WITH THE UNIVERSITY OF LOUISVILLE INSPIRE PROGRAM - PARTNERSHIP WITH THE J.P. SPEED SCHOOL OF ENGINEERING - UNIVERSITY OF LOUISVILLE EDUCATIONAL OPPORTUNITY SCHOLARSHIP FUNDWHITNEY M. YOUNG, JR. BIRTHPLACE (NATIONAL HISTORIC LANDMARK)SIMPSONVILLE PROPERTY (INCLUDES U.S. DEPT. OF LABOR LEASE INCOME). 1363621 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X X REBECCA WALTER 5025852598 4322 BISHOP LANE LOUISVILLE KY 40218 MARSHALL BRADLEY JR PRESIDENT 40.00 X X 213880 0 32423 CHRIS BALMER CHAIR 0.50 X X 0 0 0 GWENDOLYN M YOUNG VICE CHAIR 0.50 X X 0 0 0 CHRISTINE KOENIG TREASURER 0.50 X X 0 0 0 STEPHANIE HAWKINS SMITH SECRETARY 0.50 X X 0 0 0 GENELLE FARLEY COCHRAN TRUSTEE 0.50 X 0 0 0 LOUIS DEFREEZE TRUSTEE 0.50 X 0 0 0 HERMAN DUBOSE JR TRUSTEE 0.50 X 0 0 0 SHARNIKA GLENN TRUSTEE 0.50 X 0 0 0 BRENDA HART TRUSTEE 0.50 X 0 0 0 DR TA'NEKA C LINDSAY TRUSTEE 0.50 X 0 0 0 VIVIAN WARREN OVERALL TRUSTEE 0.50 X 0 0 0 DR SHAWN L PRICE TRUSTEE 0.50 X 0 0 0 JENNY SAWYER TRUSTEE 0.50 X 0 0 0 JOE STENNIS TRUSTEE 0.50 X 0 0 0 DEBORAH BENBERRY WILLIAMS TRUSTEE 0.50 X 0 0 0 GARY BROWN TRUSTEE - EMERITUS 0.50 X 0 0 0 JOHN A JOHNSON TRUSTEE - EMERITUS 0.10 X 0 0 0 DR SAMUEL ROBINSON TRUSTEE - EMERITUS 0.10 X 0 0 0 VENITA BENBOE DIRECTOR OF EDUCATION 29.00 X 102370 0 0 316250 0 32423 2 0 1 0 0 58381 578680 32254 637061 RENTAL INCOME 531190 504409 504409 PROGRAM FEES 900099 2801 2801 507210 334528 334528 60062 0 60062 60062 60062 1274240 1320658 -46418 -46418 -46418 0 58381 10100 -10100 -10100 1482343 507210 0 338072 149718 149718 246304 159775 46560 39969 718184 465876 135761 116547 17846 11576 3374 2896 60600 39310 11456 9834 69126 44840 13067 11219 22600 15751 6849 43004 43004 9055 6311 2744 18931 13963 303 4665 25728 20197 6349 -818 99896 87783 10937 1176 76691 59520 17123 48 11540 9930 1257 353 25224 17580 7644 93420 70644 22776 44070 34084 9986 EDUCATION PROGRAMS 80902 80902 SUPPLIES 32254 31954 300 PROGRAM EVALUATIONS 18375 18375 BANQUETS & RECEPTIONS 11501 11501 15888 14031 1546 311 1890857 1363621 341036 186200 747559 709657 735969 526395 281731 145000 92764 104421 48641 38698 4238495 2201166 2069793 2037329 7963380 8944207 110625 122479 12050462 12628186 78659 94172 52584 10550 501948 465451 63987 80612 697178 650785 X 4222105 3954323 7131179 8023078 11353284 11977401 12050462 12628186 X -408514 1023231 9400 X X 0 1 X 1 0 X 473556 847701 684642 870157 637061 3513117 473556 847701 684642 870157 637061 3513117 1084835 2428282 360535 362824 560894 361086 394590 2039929 345 35357 35702 5588748 2377123 0.43450 0.47480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 21.79 1 0 1 0 7073468 13548 1054212 171848 7969380 8519832 60131 -1360969 145526 7073468 7496160 243434 881409 101171 8519832 6936651 6413 704703 151607 7496160 6106114 25842 954144 149449 6936651 0.03342 0.44845 0.51812 1 0 256639 256639 3124519 1956740 1167779 165135 108833 56303 692202 135593 556608 2037329 DEFERRED COMP. LIABILITY 80612 80612 X 2554850 1023231 82880 1106111 1448739 43004 -9400 33604 1482343 1930733 82880 82880 1847853 43004 43004 1890857 PART II, LINE 9: THE CONSERVATION EASEMENT IS INCLUDED IN LAND AND IMPROVEMENTS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR A VARIETY OF PURPOSES. THEY ARE USED FOR SCHOLARSHIPS, EDUCATIONAL PROGRAMS, THE MAINTENANCE AND UPKEEP OF THE BIRTHPLACE OF WHITNEY M. YOUNG AND OTHER PURPOSES AS STIPULATED BY THE DONORS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF FUNDS HELD IN TRUST BY OTHERS -9,400. GIVE FOR GOOD DAY 49254 49254 4842 KY GIVES DAY 9127 9127 5258 58381 58381 10100 10100 -10100 1 SCHOLARSHIPS AWARDED TO STUDENTS IN THE WHITNEY M. YOUNG SCHOLARS PROGRAM 192 149718 TO PURSUE AND COMPLETE A COLLEGE EDUCATION AT AN ACCREDITED COLLEGE. PART I, LINE 2: SCHOLARSHIPS ARE PROVIDED FOR STUDENTS WHO GRADUATE FROM THE WHITNEY M. YOUNG SCHOLARS PROGRAM. ONCE SCHOLARSHIPS ARE PROVIDED THERE IS NO ADDITIONAL MONITORING OF THE SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED BASED ON PROOF OF ATTENDANCE AT AN ACCREDITED COLLEGE OR UNIVERSITY. SCHOLARSHIPS ARE BASED ON A SLIDING SCALE FOR GPAS BETWEEN 2.0 - 4.0. X X X X 0 1 0 0 0 0 0 0 0 MARSHALL BRADLEY JR PRESIDENT 164104 0 47739 0 2037 0 22642 0 9781 0 246303 0 0 0 PART I, LINE 4B THE ORGANIZATION OFFERS A NONQUALIFIED DEFERRED COMPENSATION PLAN TO CERTAIN OFFICERS EMPLOYED BY THE ORGANIZATION. FOR THE 2023 TAX YEAR, DEFERRED COMPENSATION WAS $17,600 FOR MARSHALL BRADLEY, PRESIDENT. FOR 2023, MARSHALL BRADLEY WAS THE ONLY OFFICER OF THE ORGANIZATION. X STUDENT MEALS 5 19545 FAIR MARKET VALUE X STUDENT SUPPLIES 4 9292 FAIR MARKET VALUE X STUDENT AWARDS 1 3417 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): FOR LINES 25, 26, AND 27 OF SCHEDULE M, PART I, THE AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL AT A FINANCE COMMITTEE MEETING AND A MEMBER OF THE ACCOUNTING FIRM THAT PREPARES THE RETURN IS AT THE MEETING TO ANSWER ANY QUESTIONS ABOUT THE CONTENT OF THE RETURN. THIS IS DONE PRIOR TO FILING THE RETURN. ALSO PRIOR TO THE RETURN BEING FILED, THE FULL BOARD OF TRUSTEES IS PROVIDED WITH A FULL COPY OF THE RETURN AND IT IS PRESENTED TO THEM BY A MEMBER OF THE ACCOUNTING FIRM THAT PREPARES THE RETURN AND THE BOARD MEMBERS ARE ENCOURAGED TO ASK ANY QUESTIONS ABOUT THE RETURN THAT THEY MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS PROVIDED TO ALL BOARD AND STAFF MEMBERS ANNUALLY. BOARD AND STAFF MEMBERS SIGN AN ACKNOWLEDGEMENT THAT THERE ARE NO CONFLICTS OR DISCLOSE ANY POTENTIAL CONFLICTS. THE BOARD OF TRUSTEES REVIEWS ANY BOARD DISCLOSURES THAT COULD GIVE RISE TO CONFLICTS. MANAGEMENT REVIEWS ANY STAFF DISCLOSURES THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A ORGANIZATION DETERMINES COMPENSATION BY USING COMPARABILITY DATA AND BY CONSULTING THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHOSE FINDINGS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AT NO CHARGE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF FUNDS HELD IN TRUST BY OTHERS 9,400. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE FINANCE COMMITTEE CONTINUES TO SELECT THE INDEPENDENT ACCOUNTANT AND THEIR RECOMMENDATION IS RATIFIED BY THE FULL BOARD OF TRUSTEES. THE AUDIT FIRM REPORTS THEIR FINDINGS TO BOTH THE FINANCE COMMITTEE AND THE FULL BOARD OF TRUSTEES.