FOUNDATION FOR LINCOLN CITY LIBRARIES

EIN: 476032744 501(c)(3) Education

LINCOLN, NE

Total Revenue
$593,710
Total Expenses
$367,926
Total Assets
$5,070,536
Net Assets
$5,023,319
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NE
Principal Officer
GAIL MCNAIR
Phone
4024347152
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR LINCOLN CITY LIBRARIES, founded in 1954, is a small nonprofit in the Education sector that reported $594K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $226K, a strong 38% operating margin.

Mission

THE FOUNDATION'S PURPOSE IS TO SOLICIT AND RECEIVE GIFTS, BEQUESTS AND GRANTS FOR THE USE AND BENEFIT OF THE LINCOLN CITY LIBRARY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $224,471
Program Service Revenue $0
Investment Income $386,875
Other Revenue $-17,636
TOTAL REVENUE $593,710

Expense Breakdown

Grants Paid $232,852
Salaries & Benefits $86,635
Fundraising Expenses $52,252
Program Expenses $232,852
Other Expenses $48,439
TOTAL EXPENSES $367,926

Year-over-Year Comparison

2023 2022 Change
Revenue $593,710 $365,911 +0.6%
Expenses $367,926 $381,165 0.0%
Net Income $225,784 $-15,254 -15.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
29
Independent Members
29
Employees
1
Volunteers
45

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$80,000
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA GARRETT ADVISOR 5.00
Officer Director
$0 $0 $0
BRIAN BOCK PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID WILLIAMS TREASURER 5.00
Officer Director
$0 $0 $0
BRIAN SUNDERMAN DIRECTOR 5.00
Director
$0 $0 $0
MATT KIRKLAND DIRECTOR 5.00
Director
$0 $0 $0
PHILIPE BRUCE DIRECTOR 5.00
Director
$0 $0 $0
DOUG EMERY DRIECTOR 5.00
Director
$0 $0 $0
BRIAN CHAFFIN DIRECTOR 5.00
Director
$0 $0 $0
TIFFANI CHILDRESS SECRETARY 5.00
Officer Director
$0 $0 $0
ROD CONFER DIRECTOR 5.00
Director
$0 $0 $0
KATHERINE ENDACOTT DIRECTOR 5.00
Director
$0 $0 $0
CARL ESKRIDGE DIRECTOR 5.00
Director
$0 $0 $0
LISA HALE DIRECTOR 5.00
Director
$0 $0 $0
JAKE HAVRANEK DIRECTOR 5.00
Director
$0 $0 $0
RACHEL HRUZA VICE PRESIDE 5.00
Officer Director
$0 $0 $0
JUDY HARVEY DIRECTOR 5.00
Director
$0 $0 $0
SUSAN FERRIS DIRECTOR 5.00
Director
$0 $0 $0
MAX LARSEN DIRECTOR 5.00
Director
$0 $0 $0
DUTCH BELL ASST. TREASU 5.00
Officer Director
$0 $0 $0
ANN STEWART DIRECTOR 5.00
Director
$0 $0 $0
TICE MILLER DIRECTOR 5.00
Director
$0 $0 $0
HERB SCHIMEK DIRECTOR 5.00
Director
$0 $0 $0
JULIE ROBINSON DIRECTOR 5.00
Director
$0 $0 $0
RHONDA SEACREST DIRECTOR 5.00
Director
$0 $0 $0
ELIZABETH RUDE DIRECTOR 5.00
Director
$0 $0 $0
SAMUEL SETTLE DIRECTOR 5.00
Director
$0 $0 $0
DAN SLOAN DIRECTOR 5.00
Director
$0 $0 $0
ARADHNA SRAVISTAV DIRECTOR 5.00
Director
$0 $0 $0
HERB FRIEDMAN DIRECTOR 5.00
Director
$0 $0 $0
GAIL MCNAIR EXECUTIVE DI 40.00
Officer
$80,000 $0 $80,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $593,710 $367,926 $5,070,536 $225,784
2022 $365,911 $381,165 $4,553,427 $-15,254
2021 $429,065 $387,268 $5,573,127 $41,797
2020 $401,620 $254,356 $5,039,048 $147,264
2019 $359,682 $278,781 $4,422,208 $80,901
2018 $438,490 $280,120 $3,713,986 $158,370
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