Food Bank Of Lincoln Foundation
Food Bank Of Lincoln Foundation maintains strong asset growth with zero officer compensation.
EIN: 205474034 · Lincoln, NE · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $57K |
| Total Expenses | $101K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 90/100 |
Is Food Bank Of Lincoln Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Food Bank Of Lincoln Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Food Bank Of Lincoln Foundation
Food Bank Of Lincoln Foundation (EIN: 205474034) is a nonprofit organization based in Lincoln, NE, classified under NTEE code K31. The organization reported total revenue of $57K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Bank Of Lincoln Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Bank Of Lincoln Foundation is a micro nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $101K |
| Surplus / Deficit | +$175K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 63.4% |
| Months of Reserves | 225.2 months |
Financial Health Grade: A
In 2024, Food Bank Of Lincoln Foundation reported a surplus of $175K with revenue exceeding expenses, holds 225.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Food Bank Of Lincoln Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +225.7% | -25.6% | +14.1% |
| 2023 | -70.3% | -35.8% | +1.2% |
| 2022 | -4.5% | +1987.6% | -6.4% |
| 2021 | +269.1% | -96.2% | +46.2% |
| 2020 | +12.9% | +242.8% | -14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Food Bank Of Lincoln Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Food Bank Of Lincoln Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $175K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the foundation. This is a highly positive sign for financial efficiency, especially for an organization with assets approaching $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Food Bank Of Lincoln Foundation:
- Consistent 0% officer compensation, indicating high efficiency in executive pay.
- Strong and growing asset base, reaching $1,894,985 in 2024.
- Consistently low to zero liabilities, demonstrating sound financial management.
- Positive revenue-to-expense ratio in recent periods (e.g., 202406: $276,203 revenue vs. $100,976 expenses), contributing to asset growth.
Frequently Asked Questions about Food Bank Of Lincoln Foundation
Is Food Bank Of Lincoln Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Food Bank Of Lincoln Foundation (EIN: 205474034) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Food Bank Of Lincoln Foundation spend its money?
Food Bank Of Lincoln Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Food Bank Of Lincoln Foundation tax-deductible?
Food Bank Of Lincoln Foundation is registered as a tax-exempt nonprofit (EIN: 205474034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Food Bank Of Lincoln Foundation CEO make?
Food Bank Of Lincoln Foundation's highest-compensated officer earns $2 annually. The organization reported $57K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Food Bank Of Lincoln Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Food Bank Of Lincoln Foundation is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Food Bank Of Lincoln Foundation located?
Food Bank Of Lincoln Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 205474034. It is classified under NTEE code K31.
How many years of IRS 990 filings does Food Bank Of Lincoln Foundation have?
Food Bank Of Lincoln Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $57K in total revenue.
What is the primary function of the Food Bank Of Lincoln Foundation given its financial profile?
Based on its substantial assets ($1,894,985 in 2024) and relatively lower annual expenses compared to a direct service provider, the Foundation likely serves as a supporting organization, primarily focused on asset management, endowment building, and providing financial support to the main Food Bank of Lincoln, rather than direct program delivery.
How has the organization's financial health trended over the past few years?
The organization has shown strong asset growth, increasing from $1,199,802 in 2020 to $1,894,985 in 2024. While revenue and expenses fluctuate year-to-year, recent periods like 202406 ($276,203 revenue vs. $100,976 expenses) indicate healthy surpluses contributing to this asset growth, despite some years like 202306 where expenses exceeded revenue.
Does the Food Bank Of Lincoln Foundation have any debt?
The Food Bank Of Lincoln Foundation consistently reports very low to zero liabilities across its filings. For the period ending June 2024, liabilities were $0, indicating a very strong balance sheet with minimal or no debt.
Filing History
IRS 990 filing history for Food Bank Of Lincoln Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Food Bank Of Lincoln Foundation's revenue has grown by 671.2%, moving from $36K to $276K. Total assets increased by 419.6% over the same period, from $365K to $1.9M. Total functional expenses rose by 226.2%, from $31K to $101K. In its most recent filing year (2024), Food Bank Of Lincoln Foundation reported a surplus of $175K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $276K | $101K | $1.9M | $0 | — | — |
| 2023 | $85K | $136K | $1.7M | $0 | — | View 990 |
| 2022 | $286K | $211K | $1.6M | $1K | — | View 990 |
| 2021 | $299K | $10K | $1.8M | $909 | — | View 990 |
| 2020 | $81K | $269K | $1.2M | $872 | — | View 990 |
| 2019 | $72K | $79K | $1.4M | $0 | — | View 990 |
| 2018 | $24K | $75K | $1.4M | $0 | — | View 990 |
| 2017 | $156K | $75K | $1.4M | $0 | — | View 990 |
| 2016 | $75K | $85K | $1.2M | $0 | — | View 990 |
| 2015 | $44K | $98K | $1.3M | $16K | — | View 990 |
| 2014 | $7K | $427 | $1.4M | $0 | — | View 990 |
| 2013 | $40K | $31K | $1.3M | $30K | — | View 990 |
| 2012 | $864K | $31K | $1.2M | $0 | — | View 990 |
| 2011 | $36K | $31K | $365K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $276K, expenses of $101K, and assets of $1.9M (revenue +225.7% year-over-year).
- 2023: Revenue of $85K, expenses of $136K, and assets of $1.7M (revenue -70.3% year-over-year).
- 2022: Revenue of $286K, expenses of $211K, and assets of $1.6M (revenue -4.5% year-over-year).
- 2021: Revenue of $299K, expenses of $10K, and assets of $1.8M (revenue +269.1% year-over-year).
- 2020: Revenue of $81K, expenses of $269K, and assets of $1.2M (revenue +12.9% year-over-year).
- 2019: Revenue of $72K, expenses of $79K, and assets of $1.4M (revenue +195.1% year-over-year).
- 2018: Revenue of $24K, expenses of $75K, and assets of $1.4M (revenue -84.4% year-over-year).
- 2017: Revenue of $156K, expenses of $75K, and assets of $1.4M (revenue +106.6% year-over-year).
- 2016: Revenue of $75K, expenses of $85K, and assets of $1.2M (revenue +69.6% year-over-year).
- 2015: Revenue of $44K, expenses of $98K, and assets of $1.3M (revenue +543.5% year-over-year).
- 2014: Revenue of $7K, expenses of $427, and assets of $1.4M (revenue -82.6% year-over-year).
- 2013: Revenue of $40K, expenses of $31K, and assets of $1.3M (revenue -95.4% year-over-year).
- 2012: Revenue of $864K, expenses of $31K, and assets of $1.2M (revenue +2311.2% year-over-year).
- 2011: Revenue of $36K, expenses of $31K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Bank Of Lincoln Foundation:
Data Sources and Methodology
This transparency report for Food Bank Of Lincoln Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.