Nonprofit · EIN 45-0533389
LINCOLN SPORTS FOUNDATION INC
Tax-exempt · LINCOLN, NE 68542
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $856,175 | $967,187 | -$111,012 | $6,330,144 | $3,188,852 | $3,141,292 |
| December 31, 2022 | 990 | $887,540 | $737,150 | $150,390 | $6,412,614 | $3,160,310 | $3,252,304 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $379,750
- Program service revenue
- $476,355
- Investment income
- $0
- Net income from sales of inventory
- $70
- Other revenue
- $70
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $741
- Depreciation
- $296,691
- Program services (functional)
- $881,556
- Management and general (functional)
- $85,631
Balance sheet and other
- Total assets, start of year
- $6,412,614
- Total assets, end of year
- $6,330,144
- Total liabilities, end of year
- $3,188,852
- Net assets, end of year
- $3,141,292
- Land, buildings and equipment
- $3,985,616
- Net assets without donor restrictions
- $3,141,292
- Gross unrelated business income
- $70
- Gross receipts
- $856,175
- Employees
- 11
- Volunteers
- 80
- Year formed
- 2004
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL CULWELL | DIRECTOR Trustee or director | – | $0 |
| DAN LESOING | PRESIDENT Trustee or director, Officer | – | $0 |
| LISA MOORE | SECRETARY Trustee or director, Officer | – | $0 |
| DANIEL SOLTYS | DIRECTOR Trustee or director | – | $0 |
| PATRICK THOMAS | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL CULWELL | DIRECTOR Trustee or director | – | $0 |
| DAN LESOING | PRESIDENT Trustee or director, Officer | – | $0 |
| LISA MOORE | SECRETARY Trustee or director, Officer | – | $0 |
| DANIEL SOLTYS | DIRECTOR Trustee or director | – | $0 |
| PATRICK THOMAS | TREASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22608, LINCOLN, NE 68542-2608
- In care of
- % LYNN SIMONSEN
- Principal officer (990 for 2023)
- DAN LESOING, PO BOX 22608, LINCOLN, NE 68542
- Signed the 990
- DAN LESOING, PRESIDENT
- Phone
- (402) 464-2255
- Website
- WWW.LSFSPORTSCOMPLEX.COM
- Return prepared by
- HOCKING & SCHULENBERG LLC
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.
Program accomplishments
- THE INDOOR TRAINING CENTER IS THE HOME OF THE NEBRASKA SPORTS COUNCIL "CORNHUSKER GAMES." THE OUTDOOR TENNIS COURTS ARE HOME OF NEBRASKA WESLEYAN UNIVERSITY TENNIS TEAMS.Expenses $58,987
- 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.Expenses $613,189 · revenue $252,252
- THE OUTDOOR SPORTS FIELDS PROGRAM PROVIDES 19 SPORT GRASS TURF PLAYING FIELDS. THE OUTDOOR SPORTS FIELDS ARE USED BY THE NEBRASKA STATE SOCCER ASSOCIATION, NEBRASKA STATE SOCCER LEAGUE, LINCOLN PUBLIC SCHOOLS, LINCOLN RAMPAGE LACROSSE, CAPITAL SOCCER ASSOCIATION, MEGELLIAN SOCCER CLUB, EVOLUTION SOCCER CLUB, SPECIAL OLYMPICS OF NEBRASKA AND THE INTERNATIONAL SOCCER LEAGUE TO RUN THEIR PROGRAMS. IN TOTAL, THE OUTDOOR SPORTS FIELDS PROGRAM HAD HUNDREDS OF ATHLETES UTILIZE THE OUTDOOR SPORTS FIELDS DURING THE TAX YEAR.Expenses $209,380 · revenue $201,156
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0533389
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N30)
- Assets (IRS master file)
- $6,150,337
- Income (IRS master file)
- $752,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $856,175 | $967,187 | $6,330,144 | XML |
| 990 | December 2022 | $887,540 | $737,150 | $6,412,614 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0533389).
Questions about LINCOLN SPORTS FOUNDATION INC
- What is the EIN of LINCOLN SPORTS FOUNDATION INC?
- The employer identification number (EIN) of LINCOLN SPORTS FOUNDATION INC is 45-0533389.
- Is LINCOLN SPORTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to LINCOLN SPORTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LINCOLN SPORTS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LINCOLN SPORTS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LINCOLN SPORTS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of LINCOLN SPORTS FOUNDATION INC?
- The 990 for the year ended December 31, 2023 names DAN LESOING.
- Who are the officers and directors of LINCOLN SPORTS FOUNDATION INC?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does LINCOLN SPORTS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $856,175, expenses of $967,187 and total assets of $6,330,144 at year end.
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All nonprofits in LINCOLN · Nebraska · Recreation and sports