2026-08-06T16:01:38-05:00 2025-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2025-01-01 610449631 LINCOLN FOUNDATION LINC 5025854733 4322 BISHOP LANE LOUISVILLE KY 40218 MARSHALL BRADLEY JR PRESIDENT 5025854733 2026-07-29 1 MELANIE MCPEAK P01346034 8885871719 2025 2025-03-06 01:10:19Z MARSHALL BRADLEY JR 4322 BISHOP LANE LOUISVILLE KY 40218 2004887 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. THIS MISSION IS ACCOMPLISHED THROUGH COLLEGE ACCESS AND COLLEGE SUCCESS PROGRAMS. 20 19 32 36 0 0 811000 635100 540713 555174 589228 722117 61541 64828 2002482 1977219 186998 194881 0 0 1182452 1222897 0 0 203504 581870 533472 1951320 1951250 51162 25969 13257400 14037969 704365 673623 12553035 13364346 X TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS THAT DEVELOP AND SUPPORT YOUTH IN OVERCOMING SOCIAL AND ECONOMIC BARRIERS TO ACHIEVEMENT. THIS MISSION IS ACCOMPLISHED THROUGH COLLEGE ACCESS AND COLLEGE SUCCESS PROGRAMS. 0 0 1118068 194881 1845 AS PART OF WHITNEY M. YOUNG LEADERSHIP INITIATIVE, THE WHITNEY M. YOUNG SCHOLARS PROGRAM IS A COLLEGE ACCESS 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 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 250 STUDENTS ARE SERVED BY THIS PROGRAM ANNUALLY. 257057 THE COLLEGE TRANSITION ENRICHMENT PROGRAM SERVES NEARLY 300 COLLEGE SCHOLARS PROVIDING MENTORING, COACHING, AND GUIDANCE DURING THE ENTIRE COLLEGE EXPERIENCE. STUDENT RETENTION, PERSISTENCE AND DEGREE ATTAINMENT RATES ARE TRACKED FOR UP TO SIX YEARS. ADDITIONAL PROGRAMS INCLUDE ACT PREP, ACT WRITING, DIGITAL TRANSFORMATION ACADEMY AND INSPIRE ENGINEERING PROGRAM. 19350 553329 OTHER SMALLER PROGRAMS INCLUDE:THE EDUCATIONAL OPPORTUNITY SCHOLARSHIP FUNDSIMPSONVILLE PROPERTY (INCLUDES U.S. DEPT. OF LABOR LEASE INCOME)SUMMER INSTITUE - PARTNERSHIP WITH REGIONAL UNIVERSITIESWHITNEY M. YOUNG, JR. BIRTHPLACE (NATIONAL HISTORIC LANDMARK) FUTURE LEADERS INTERNSHIP PROGRAM - CONNECTS COLLEGE SCHOLARS WITH LOCAL CORPORATION AND FIRMS FOR CAREER RELATED INTERNSHIPS. 1394475 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 0 0 0 0 0 0 0 0 0 1 14 0 1 32 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 KY X X RHONDA FANNING 5026571011 4322 BISHOP LANE LOUISVILLE KY 40218 MARSHALL BRADLEY JR PRESIDENT 37.50 0.00 X X 223832 0 33748 CHRIS BALMER CHAIR (THRU 12/25) 0.50 0.00 X X 0 0 0 GWENDOLYN M YOUNG CHAIR 0.50 0.00 X X 0 0 0 BRENDA HART VICE CHAIR 0.50 0.00 X X 0 0 0 CHRISTINE KOENIG TREASURER 0.50 0.00 X X 0 0 0 JOE STENNIS SECRETARY 0.50 0.00 X X 0 0 0 ALICIA AWKARD TRUSTEE 0.50 0.00 X 0 0 0 GARY BROWN TRUSTEE - EMERITUS 0.50 0.00 X 0 0 0 LOUIS DEFREEZE III TRUSTEE 0.50 0.00 X 0 0 0 HERMAN DUBOSE JR TRUSTEE 0.50 0.00 X 0 0 0 GENELLE FARLEY COCHRAN TRUSTEE 0.50 0.00 X 0 0 0 SHARNIKA GLENN TRUSTEE (THRU 12/25) 0.50 0.00 X 0 0 0 DANIELLE GRAHAM TRUSTEE 0.50 0.00 X 0 0 0 DR GEORGIA HAMPTON TRUSTEE 0.50 0.00 X 0 0 0 SARA HOLLAND TRUSTEE 0.50 0.00 X 0 0 0 STEPHANIE HAWKINS SMITH TRUSTEE 0.50 0.00 X 0 0 0 JOHN A JOHNSON TRUSTEE - EMERITUS 0.50 0.00 X 0 0 0 DERRICK LITTLEJOHN TRUSTEE (AS OF 1/25) 0.50 0.00 X 0 0 0 VIVIAN WARREN OVERALL TRUSTEE 0.50 0.00 X 0 0 0 DR SHAWN L PRICE TRUSTEE (THRU 12/25) 0.50 0.00 X 0 0 0 DR SAMUEL ROBINSON TRUSTEE - EMERITUS 0.10 0.00 X 0 0 0 JENNY SAWYER TRUSTEE (AS OF 1/25) 0.50 0.00 X 0 0 0 MICHELLE STIGALL TRUSTEE (AS OF 1/25) 0.50 0.00 X 0 0 0 VENITA BENBOE DIRECTOR OF EDUCATION 29.00 0.00 X 109958 0 0 PAULA CAMPBELL DIRECTOR OF DEVELOPMENT 37.50 0.00 X 104444 0 11451 438234 0 45199 3 0 1 0 0 63612 571488 10562 635100 RENTAL INCOME 531190 553329 553329 PROGRAM FEES 900099 1845 1845 555174 627789 627789 65990 0 65990 65990 65990 120834 26506 94328 94328 94328 0 63612 1162 -1162 -1162 1977219 555174 0 786945 194881 194881 257581 167190 49173 41218 766643 497611 146354 122678 23206 15063 4430 3713 103867 67418 19828 16621 71600 46474 13669 11457 29400 22197 7203 50667 50667 6383 4819 1564 24032 18658 22 5352 28371 22643 5507 221 79995 67807 10032 2156 73631 60663 12926 42 8993 8114 837 42 21730 16406 5324 75521 61440 14081 50790 41762 9028 EDUCATION PROGRAMS 38803 37553 1250 PROGRAM EVALUATIONS 14175 14175 SUPPLIES 10562 10562 BANQUETS & RECEPTIONS 9109 9109 11310 9930 1376 4 1951250 1394475 353271 203504 542448 397386 672042 738844 175000 80000 120179 135737 24021 48728 4254518 2356181 1967259 1898337 9625255 10596960 131196 141977 13257400 14037969 114926 136631 58779 16668 436042 410465 94618 109859 704365 673623 X 3997720 4038761 8555315 9325585 12553035 13364346 13257400 14037969 X 25969 776968 8374 X X 0 1 X 1 0 X 684642 870157 637061 811000 635100 3637960 684642 870157 637061 811000 635100 3637960 942106 2695854 560894 361086 394590 570266 693779 2580615 6218575 2542704 0.43350 0.44670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 21.79 1 0 0 1 0 0.00 0 8675404 0 1214995 323249 9567150 7969380 45663 881865 221504 8675404 7073468 13548 1054212 171848 7969380 8519832 60131 -1360969 145526 7073468 7496160 243434 881409 101171 8519832 0.02520 0.59490 0.37990 1 0 256639 256639 3140196 1850583 1289613 87679 87615 64 770004 417983 352021 1898337 DEFERRED COMP. LIABILITY 109859 109859 X 2763613 776968 51719 8374 837061 1926552 50667 50667 1977219 1952302 51719 51719 1900583 50667 50667 1951250 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 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF FUNDS HELD IN TRUST BY OTHERS 8,374. GIVE FOR GOOD DAY 63612 63612 1162 63612 63612 1162 1162 -1162 1 SCHOLARSHIPS AWARDED TO STUDENTS IN THE WHITNEY M. YOUNG SCHOLARS PROGRAM 298 194881 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 1 0 MARSHALL BRADLEY JR PRESIDENT 175328 0 46467 0 2037 0 21103 0 12645 0 257580 0 0 0 PART I, LINE 4B THE ORGANIZATION OFFERS A NON-QUALIFIED DEFERRED COMPENSATION PLAN TO CERTAIN OFFICERS EMPLOYED BY THE ORGANIZATION FOR THE 2025 TAX YEAR, DEFERRED COMPENSATION WAS $15,000 FOR MARSHALL BRADLEY, JR. PRESIDENT. FOR 2025 MARSHALL BRADLEY, JR. WAS THE ONLY OFFICER OF THE ORGANIZATION. PART I, LINE 7 THE PRESIDENT OF THE ORGANIZATION WAS AWARDED A BONUS DURING THE YEAR. THIS BONUS WAS APPROVED BY THE BOARD AT THEIR DISCRETION BASED ON A MERIT SYSTEM. THE BONUS IS REFLECTED IN THE PRESIDENT'S COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(II). 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 8,374. 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.