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Nonprofit · EIN 47-0633720

LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC

Tax-exempt · LINCOLN, NE 68506

Financials

$263K$392K2023
Revenue Expenses · by fiscal year end
Financials of LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 29, 2024990$263,224$392,046-$128,822$131,040$3,483$127,557
Financial details: 990 for the year ended February 29, 2024

Revenue

Contributions, gifts and grants
$165,975
Membership dues
$165,975
Program service revenue
$0
Investment income
$2,594
Tax-exempt bond proceeds
$2,594
Other revenue
$94,655

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$145,405
Salaries, compensation and benefits (total)
$283,114
Professional fundraising fees
$0
Legal fees
$4,200
Accounting fees
$18,783
Occupancy
$28,622
Travel
$6,672
Management and general (functional)
$392,046

Balance sheet and other

Total assets, start of year
$261,701
Total assets, end of year
$131,040
Total liabilities, end of year
$3,483
Net assets, end of year
$127,557
Gross unrelated business income
$3,025
Gross receipts
$263,224
Employees
0
Volunteers
0
Year formed
1981
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 February 29, 2024, highest compensation first.

NameTitleHours / weekCompensation
BUD SYNHORSTEXECUTIVE DIRECTOR
Trustee or director, Officer
40$150,678
TRAVIS FILINGEXECUTIVE DIRECTOR
Trustee or director, Officer
40$8,693
LINCOLN ZEHRDIRECTOR
Trustee or director
0$0
ROBERT BRYANTDIRECTOR
Trustee or director
0$0
WANDA CAFFREYDIRECTOR
Trustee or director
0$0
ROBERT PANZERVICE CHAIRMAN
Trustee or director
0$0
DAVID CHAPINDIRECTOR
Trustee or director
0$0
CORY HOAGSTROMDIRECTOR
Trustee or director
0$0
JERRY PIGSLEYGENERAL COUNSEL
Trustee or director
0$0
DENNY VAN HORNDIRECTOR
Trustee or director
0$0
ANN POSTCOMMITTEE CHAIRMAN
Trustee or director
0$0
CARLA ERICKSENDIRECTOR
Trustee or director
0$0
SCOTT LOCKARDDIRECTOR
Trustee or director
0$0
NANCY LOFTISDIRECTOR
Trustee or director
0$0
TOM KLEINCOMMITTEE CHAIRMAN
Trustee or director
0$0
15 more people on this return
NameTitleHours / weekCompensation
RYAN THEILDIRECTOR
Trustee or director
0$0
DEBBY BREHMCOMMITTEE CHAIRMAN
Trustee or director
0$0
MARK WHITEHEADBOARD CHAIRMAN
Trustee or director
0$0
WANDA CAFFREYDIRECTOR
Trustee or director
0$0
CONNIE HILLIGOSSDIRECTOR
Trustee or director
0$0
RICHARD MCGINNISDIRECTOR
Trustee or director
0$0
BRUCE BAILEYDIRECTOR
Trustee or director
0$0
DAVID PAULEYDIRECTOR
Trustee or director
0$0
BRAYDEN MCLAUGHLINDIRECTOR
Trustee or director
0$0
JOHN WURDEMANDIRECTOR
Trustee or director
0$0
COLTON ZAMRZLADIRECTOR
Trustee or director
0$0
JOHN BAYLORCOMMITTEE CHAIRMAN
Trustee or director
0$0
PERRY PIRSCHCOMMITTEE CHAIRMAN
Trustee or director
0$0
PHIL YOUNGSECRETARY/COMMITTE CHAIRMAN
Officer
3$0
JIM HANSENTREASURER
Officer
3$0

Address and contacts

Address (IRS master file)
3601 CALVERT ST STE 29, LINCOLN, NE 68506-5797
In care of
% CHARLES CLAUS
Principal officer (990 for 2023)
TRAVIS FILING
Signed the 990
TRAVIS FILING, EXECUTIVE DIRECTOR
Phone
(402) 486-1040
Return prepared by
BRYANT KATT & ASSOCIATES PC

Mission

NONE

990 for the year ended February 29, 2024

Program accomplishments

  • SUPPORT TO LIBA FOUNDATION FOR CHARITABLE ACTIVITIES.

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 February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025Not on file
2023February 29, 2024July 15, 2024990 on file

IRS record

EIN
47-0633720
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Exempt since
1983
Accounting year ends
February
Files
Form 990 or 990-EZ
Assets (IRS master file)
$131,040
Income (IRS master file)
$263,224

Filing history

FormYear endedRevenueExpensesAssetsReturn
990February 2024$263,224$392,046$131,040XML
990February 2023$381,889$403,677$261,701IRS
990February 2022–––IRS
990February 2021–––IRS
990February 2020–––IRS
990February 2019–––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 47-0633720).

Questions about LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC

What is the EIN of LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC?
The employer identification number (EIN) of LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC is 47-0633720.
Is LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
Which annual return does LINCOLN INDEPENDENT BUSINESS ASSOCIATION 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 INDEPENDENT BUSINESS ASSOCIATION INC due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended February 2024.
Who is the principal officer of LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC?
The 990 for the year ended February 29, 2024 names TRAVIS FILING.
Who are the officers and directors of LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC?
The 990 for the year ended February 29, 2024 lists 30 people; 2 received compensation from the organization, the highest $150,678 (BUD SYNHORST, EXECUTIVE DIRECTOR).
How much revenue does LINCOLN INDEPENDENT BUSINESS ASSOCIATION INC have?
On its 990 for the year ended February 29, 2024 it reported revenue of $263,224, expenses of $392,046 and total assets of $131,040 at year end.

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