Nonprofit · EIN 84-3568463
THE LINCOLN ACADEMY
Tax-exempt · BELOIT, WI 53511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,162,992 | $13,491,709 | -$1,328,717 | $47,839,336 | $791,952 | $47,047,384 |
| June 30, 2024 | 990 | $16,660,989 | $12,276,148 | $4,384,841 | $48,780,980 | $404,879 | $48,376,101 |
| June 30, 2023 | 990 | $14,742,961 | $9,428,502 | $5,314,459 | $45,488,749 | $1,497,489 | $43,991,260 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,045,996
- of which government grants
- $10,180,590
- Program service revenue
- $64,154
- Investment income
- $32,857
- Net gain from sales of assets
- $1,111
- Net income from fundraising events
- -$1,172
- Other revenue
- $19,985
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $335,985
- Other salaries and wages
- $6,440,160
- Salaries, compensation and benefits (total)
- $8,842,745
- Professional fundraising fees
- $0
- Legal fees
- $43,652
- Accounting fees
- $22,800
- Travel
- $477,786
- Depreciation
- $1,208,587
- Program services (functional)
- $11,016,609
- Management and general (functional)
- $2,475,100
Balance sheet and other
- Total assets, start of year
- $48,780,980
- Total assets, end of year
- $47,839,336
- Total liabilities, end of year
- $791,952
- Net assets, end of year
- $47,047,384
- Land, buildings and equipment
- $45,755,283
- Net assets without donor restrictions
- $47,047,384
- Gross receipts
- $12,164,164
- Employees
- 133
- Volunteers
- 9
- Year formed
- 2019
- State of legal domicile
- WI
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTI COLE | CHIEF EXECUTIVE OFFICER Officer | 40 | $337,282 | $62,975 |
| KARI FLITZ | CHIEF INSTRUCTION OFFICER Highest-paid employee | 40 | $163,700 | $42,790 |
| MARC ANDERSON | DIR. TECHNOLOGY Highest-paid employee | 40 | $124,450 | $34,621 |
| YOLANDA RIVERA | DIRECTOR OF SCHOLAR SERVICE Highest-paid employee | 40 | $123,933 | $33,102 |
| JANAE GILE | PRINCIPAL Highest-paid employee | 40 | $112,216 | $41,318 |
| MATTHEW SCHULTZ | TEACHER Highest-paid employee | 33 | $123,486 | $16,481 |
| LISA FURSETH | CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| DR ERIC XANTHOPOULOS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH MUNNELLY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DIANE HENDRICKS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA HICKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ROGER KAPOOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARIAN SNOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE STADELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA ELENA WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTI COLE | CHIEF EXECUTIVE OFFICER Officer | 40 | $327,116 | $48,296 |
| KARI FLITZ | CHIEF INSTRUCTION OFFICER Highest-paid employee | 40 | $153,450 | $30,059 |
| JAMIE MERATH | CHIEF FINANCIAL OFFICER Officer | 40 | $155,100 | $8,619 |
| MARC ANDERSON | DIR. TECHNOLOGY Highest-paid employee | 40 | $121,100 | $27,395 |
| YOLANDA RIVERA | DIRECTOR OF SCHOLAR SERVICE Highest-paid employee | 40 | $115,217 | $20,315 |
| MATT SCHULTZ | TEACHER Highest-paid employee | 40 | $115,605 | $6,565 |
| LISA FURSETH | CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| DIANE HENDRICKS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MCCOY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIGUEL GUZMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARIAN SNOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE STADELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA ELENA WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ERIC XANTHOPOULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA HICKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTI COLE | CHIEF EXECUTIVE OFFICER Officer | 40 | $239,334 | $17,363 |
| KARI FLITZ | CHIEF INSTRUCTION OFFICER Highest-paid employee | 40 | $143,103 | $7,590 |
| JAMIE MERATH | CHIEF FINANCIAL OFFICER Officer | 40 | $121,312 | $6,083 |
| MARC ANDERSON | DIR. TECHNOLOGY Highest-paid employee | 40 | $114,878 | $10,369 |
| MATT SCHULTZ | TEACHER Highest-paid employee | 40 | $113,502 | $6,450 |
| LAURA BENISCH | DIR.CAREER/COMMUNITY PART Highest-paid employee | 40 | $102,246 | $5,746 |
| LISA FURSETH | CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| DIANE HENDRICKS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MCCOY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIGUEL GUZMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARIAN SNOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE STADELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA ELENA WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ERIC XANTHOPOULOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA HICKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 608 HENRY AVE, BELOIT, WI 53511-3516
- In care of
- % HAGEN HARKER
- Principal officer (990 for 2024)
- ELIZABETH MUNNELLY, 608 HENRY AVENUE, BELOIT, WI 53511
- Signed the 990
- ELIZABETH MUNNELLY, TREASURER
- Phone
- (608) 690-5100
- Return prepared by
- JOHNSON BLOCK & CO INC
Mission
TLA IS DEDICATED TO PROVIDING SCHOLARS AN ENVIRONMENT CONDUCIVE TO THE LEARNING PROCESS. WE PROVE WHAT IS POSSIBLE WHEN SCHOLARS ARE GIVEN THE RIGHT COMBINATION OF SCHOOL CULTURE, STRONG ACADEMICS, CAREER INTEGRATION AND A MISSION-DRIVEN STAFF.
Program accomplishments
- THE LINCOLN ACADEMY EDUCATED OVER 700 SCHOLARS DURING THE FOURTH EDUCATIONAL SCHOOL YEAR 2024-25. OUR THREE PILLARS OF ACADEMIC RIGOR, CHARACTER DEVELOPMENT AND CAREER EXPLORATION CAME TO LIFE. OUR SCHOLARS ACHIEVED STRONG ACADEMIC GROWTH BY EVIDENCE OF SPRING MAP RESULTS. CAREER EXPLORATIONS HAD A 99% OF COMPLETED ZELLO CAREER CURRICULUM LESSONS, 100% OF SCHOLARS IN 8TH AND 12TH GRADE PRESENTED THEIR INDIVIDUALIZED LEARNING PLAN, NINE DUAL CREDIT AND 175 BUSINESS PARTNERSHIPS SUPPORTED CAREER EXPLORATION AND 3250 SERVICE LEARNING HOURS WERE LOGGED BY SCHOLARS.Expenses $11,016,609 · revenue $85,311
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3568463
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $47,839,336
- Income (IRS master file)
- $12,164,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,162,992 | $13,491,709 | $47,839,336 | XML |
| 990 | June 2024 | $16,660,989 | $12,276,148 | $48,780,980 | IRS |
| 990 | June 2023 | $14,742,961 | $9,428,502 | $45,488,749 | IRS |
| 990 | June 2022 | $13,095,547 | $8,326,411 | $39,721,302 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 84-3568463).
Questions about THE LINCOLN ACADEMY
- What is the EIN of THE LINCOLN ACADEMY?
- The employer identification number (EIN) of THE LINCOLN ACADEMY is 84-3568463.
- Is THE LINCOLN ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE LINCOLN ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LINCOLN ACADEMY 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 THE LINCOLN ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LINCOLN ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE LINCOLN ACADEMY?
- The 990 for the year ended June 30, 2025 names ELIZABETH MUNNELLY.
- Who are the officers and directors of THE LINCOLN ACADEMY?
- The 990 for the year ended June 30, 2025 lists 15 people; 6 received compensation from the organization, the highest $337,282 (KRISTI COLE, CHIEF EXECUTIVE OFFICER).
- How much revenue does THE LINCOLN ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,162,992, expenses of $13,491,709 and total assets of $47,839,336 at year end.
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