Lincoln Economic Advancement & Development Inc is a 501(c)(3) organization based in Lincoln, Illinois, registered in 2020, with $154,453 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$154K
▲ 62.8% vs prior year
Community median: $184K
Expenses (FY2024)
$151K
Net assets
$252K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lincoln Economic Advancement & Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lincoln Economic Advancement & Development Inc: 20 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lincoln Economic Advancement & Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lincoln Economic Advancement & Development Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $132K (FY2020) to $154K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
2.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$276K
Total liabilities
$24K
Net assets
$252K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $154,453▲62.8% | $151,127▲8.7% | $251,674▲1.3% | $275,838▼49.7% | 990EZ |
| 2023 | $94,896▼58.4% | $139,057▲2.3% | $248,348▼12.1% | $548,854▲3.1% | 990 |
| 2022 | $228,006▲51.5% | $135,916▲54.5% | $282,509▲48.4% | $532,461▲29.7% | 990 |
| 2021 | $150,485▲13.6% | $87,995▲1843% | $190,419▲48.8% | $410,382▼15.1% | 990EZ |
| 2020 | $132,457 | $4,528 | $127,929 | $483,621 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Lincoln Economic Advancement & Development Inc totaling $200K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Memorial Health System | See part iv to help the economic advancement and development in lincoln, il | 2023 | $50,000 |
| Memorial Health System | See part iv to help the economic advancement and development in lincoln, il. | 2019 | $150,000 |
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Data for Lincoln Economic Advancement & Development Inc (EIN 84-3635858) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.