LINCOLN MEMORIAL ACADEMY INC Charity Report

Tax-exempt status may be revoked

LINCOLN MEMORIAL ACADEMY INC

EIN 82-1191988

What they do

THE VISION of LINCOLN MEMORIAL ACADEMY is THAT ALL STUDENTS PROGRESS to HIGH SCHOOL WITH A COMPREHENSIVE UNDERSTANDING of BOTH THE EDUCATIONAL and CAREER OPTIONS THAT AWAIT THEM. OUR STUDENTS ARE TAUGHT to "STAY CALM & LEAD.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

291.79%of revenue went to mission work76.9% of expenses · Program services

$379.28spent for every $100 of revenueSpending was higher than revenue this year.

87.49%of revenue went to management and office costs23.1% of expenses

$0.18in assets for every $1 spent this yearSome assets cannot be spent right away.

89.0%of its money came from giftsOther money may come from services or investments.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $104,644 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$37,469

Mission workProgram services$109,330291.79% of revenue76.9% of expenses

ManagementOffice and general costs$32,78387.49% of revenue23.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$142,113379.28% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$37,469

Expenses$142,113

Annual shortfall $104,644 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$109,330 · 76.9% of expenses

Management and office costs$32,783 · 23.1% of expenses

See all reported dollar amounts

Revenue$37,469

Expenses$142,113

Assets$25,356

Contributions$33,334

Mission work (program services)$109,330

Management and general$32,783

Accounting fees$579

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

CHRISTINE DAWSONBOARD CHAIR

CORNELLE MAXFIELDCORNELLE MAX

JAMES WARDBOARD MEMBER

JJ CZALABOARD MEMBER

WALTER PRESHABOARD MEMBER

About this charity

Location: 305 17TH STREET EAST, PALMETTO, FL 34221
County: Manatee
In care of: CORNELLE MAXFIELD
Primary officer: CORNELLE MAXFIELD, CORNELLE MAXFIELD

How to reach them

WebsiteVisit the charity’s website Phone(941) 721-6840

Filing and classification

Latest tax year: 2017
Tax period began: July 1, 2017
Return type: 990
Tax preparer: MCCRADY & ASSOCIATES PLLC
Revocation date: November 15, 2021