Nonprofit · EIN 47-0794692
LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION
Tax-exempt · LINCOLN, NE 68528
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $60,889 | $26,364 | $34,525 | $1,262,172 | $0 | $1,262,172 |
| February 29, 2024 | 990 | $40,927 | $28,740 | $12,187 | $1,111,551 | $0 | $1,111,551 |
| February 28, 2023 | 990 | $70,627 | $19,807 | $50,820 | $919,088 | $0 | $919,088 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $13,637
- Program service revenue
- $0
- Investment income
- $41,418
- Net gain from sales of assets
- $19,290
- Net income from fundraising events
- $5,834
- Other revenue
- $5,834
Expenses
- Grants and similar amounts paid
- $13,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $13,000
- Management and general (functional)
- $13,364
Balance sheet and other
- Total assets, start of year
- $1,111,551
- Total assets, end of year
- $1,262,172
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,262,172
- Publicly traded securities
- $1,253,354
- Net assets without donor restrictions
- $158,441
- Net assets with donor restrictions
- $1,103,731
- Gross receipts
- $68,554
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- 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 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE BAILEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS KLEIN | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVE BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY PIGSLEY | DIRECTOR Trustee or director | 1 | $0 |
| CHARLOTTE RALSTON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG WYATT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended February 29, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE BAILEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS KLEIN | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVE BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES BOWEN | DIRECTOR Trustee or director | 1 | $0 |
| JERRY PIGSLEY | DIRECTOR Trustee or director | 1 | $0 |
| CHARLOTTE RALSTON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG WYATT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended February 28, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE BAILEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS KLEIN | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVE BOWEN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 131 NW 14TH ST STE 5, LINCOLN, NE 68528-1649
- In care of
- % CHRISTINA IRVIN
- Mailing address (990-N for 2011)
- 620 N 48TH STREET STE 205, LINCOLN NE 68504
- Principal officer (990 for 2024)
- BRUCE BAILEY, 131 NW 14TH ST 5, LINCOLN, NE 68528
- Principal officer (990-N for 2011)
- JAMES BOWEN, 620 N 48TH STREET STE 205, LINCOLN NE 68504
- Signed the 990
- BRUCE BAILEY, PRESIDENT
- Phone
- (402) 466-3419
- Website
- WWW.LIBA.ORG
- Return prepared by
- HBE LLP
Mission
TO EDUCATE, STRENGTHEN, AND SUPPORT THE LINCOLN BUSINESS COMMUNITY THROUGH YOUTH EDUCATION, CHARITABLE DONATIONS, ENTREPRENEURIAL ASSISTANCE, AND THE PERPETUATION OF THE LINCOLN INDEPENDENT BUSINESS ASSOCIATION
Program accomplishments
- SUPERVISE THE GRANTING OF SCHOLARSHIPS FOR COLLEGE STUDENTSExpenses $12,500 · grants $12,500
- LINCOLN COMMUNITY FUNDRAISING & GRANTSExpenses $500 · grants $500
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0794692
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O12)
- Assets (IRS master file)
- $1,262,172
- Income (IRS master file)
- $68,554
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $60,889 | $26,364 | $1,262,172 | XML |
| 990 | February 2024 | $40,927 | $28,740 | $1,111,551 | XML |
| 990 | February 2023 | $70,627 | $19,807 | $919,088 | XML |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | IRS |
| 990-N for 2011 Officer: JAMES BOWEN | February 29, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-0794692).
Questions about LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION
- What is the EIN of LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION?
- The employer identification number (EIN) of LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION is 47-0794692.
- Is LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION 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 FOUNDATION 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 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION?
- The 990 for the year ended February 28, 2025 names BRUCE BAILEY.
- Who are the officers and directors of LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION?
- The 990 for the year ended February 28, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LINCOLN INDEPENDENT BUSINESS ASSOCIATION FOUNDATION have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $60,889, expenses of $26,364 and total assets of $1,262,172 at year end.
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