Lincoln Independent Business Association Foundation in Lincoln, Nebraska (NE)

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Lincoln Independent Business Association Foundation
Employer Identification Number (EIN)470794692
Name of OrganizationLincoln Independent Business Association Foundation
In Care of NameJAMES BOWEN
Address620 N 48th Street Ste 205, Lincoln, NE 68504
Websitehttp://WWW.LIBA.ORG
ActivitiesDescribed in section 509(a)(2) of the Code, Other youth organization or activities, Fundraising
SubsectionCharitable Organization, Educational Organization
Ruling Date04/1996
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$464,092
Amount of Income$43,114
Form 990 Revenue Amount$32,234
National Taxonomy of Exempt Entities (NTEE)Youth Development: Fund Raising and/or Fund Distribution


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Amount of income in 2011: $43,114 (it was $32,234 in 2014)
This organization: 

 $43,114
Other organizations performing similar types of work: 

 $57,519

Assets in 2011: $464,092 (it was $464,092 in 2014)
Lincoln Independent Business Association Foundation: 

 $464,092
Other organizations performing similar types of work: 

 $25,421

Expenses in 2014: $15,563
Lincoln Independent Business Association Foundation: 

 $15,563
Other organizations performing similar types of work: 

 $39,769

Income to expenses ratio in 2014: 2.8
Lincoln Independent Business Association Foundation: 

 2.8
Other organizations performing similar types of work: 

 22.0

Grants share in income in 2014: 4.4%
This organization: 

 4.4%
Other organizations performing similar types of work: 

 98.4%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20132014
Total revenue$77,438$32,234
Contributions, gifts, grants, and similar amounts received$50,455$1,431
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Investment income$184$5
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$19,699$23,857
Gross income from gaming$0$0
Gross income from fundraising events$30,281$34,737
Less: direct expenses from gaming and fundraising events$10,582$10,880
Gross profit/loss from sales of inventory$0$0
Other revenue$7,100$6,941
Total expenses$18,000$15,563
Total net assets$410,248$464,092
Excess/Deficit for the year$59,438$16,671
Net assets or fund balances at beginning of year$322,274$410,248
Other changes in net assets or fund balances$28,536$37,173
Net assets or fund balances at end of year$410,248$464,092
Balance Sheets
20132014
Total assets$410,248$464,092
Total liabilities$0$0
Net assets or fund balances$410,248$464,092
Other Information
20132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$85,906
Subtotal Support$85,906
Gifts, grants, contributions, and membership fees received$85,906
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$200,933
Public Support$85,906
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$11,679
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$103,348
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ticket To Dream FoundationPO BOX 7070, Citrus Hts, CA 95621-7070CA2008-08$6,213,385
2Kevin Durant Charity Foundation1450 Brickell Avenue 18th Floor, Miami, FL 33131-3444FL2013-08$1,654,220
3Friends Of Sky Ranch Inc24657 Cr 448, Van, TX 75790TX2011-06$1,573,810
4Executive Council Charities4337 N 32nd Way, Phoenix, AZ 85018-3973AZ2011-09$1,366,541
5Nhl Alumni Association111 Westport Plaza Suite 600, St Louis, MO 63146MO2002-11$1,323,497
6Bismarck-Mandan Chamber Foundation1640 Burnt Boat Dr, Bismarck, ND 58503ND2010-07$1,224,946
7Leadersup2401 Elliott Ave Ste 375, Seattle, WA 98121-3321WA2014-07$1,000,000
8Sharks Foundation525 W Santa Clara St, San Jose, CA 95113-1520CA1996-03$962,956
9Mckenzie Noelle Wilson Foundation329 Ponte Vedra Blvd, Ponte Vedra, FL 32082-1813FL2010-10$817,718
10Harold Robinson Foundation1201 Main Street, Fortuna, CA 95540CA2009-12$749,449
11Virginia Extreme Force Inc, Force142 George Washington Hwy N, Chesapeake, VA 23323VA2006-10$704,775
12K2 Adventures Foundation8818 S 12th Street, Phoenix, AZ 85042AZ2010-06$693,470
13Bcs MarathonPO BOX 3005, Bryan, TX 77805-3005TX2011-09$663,710
14Button Hole Kids Investment Fund1 Buttonhole Dr, Providence, RI 02909-5750RI2010-03$651,854
15Little Lighthouse Foundation Inc100 Biscayne Blvd Ste 1607, Miami, FL 33132-2308FL2010-10$598,233
16San Bernardino County Safety Employees Benefit Assoc Charity735 Carnegie Dr Ste 125, Sn Bernrdno, CA 92408-4200CA2004-02$520,413
17Youth Shooting Sports Alliance11265 Suffolk Dr, Hagerstown, MD 21742-4054MD2008-05$446,044
18Lincoln Independent Business Association Foundation620 N 48th Street Ste 205, Lincoln, NE 68504NE1996-04$43,114
19Otoe County 4-H FoundationPo Box 473, Syracuse, NE 68446NE2012-09$18,569
20Mark & Renee Miller Family Foundation Inc2215 Stagecoach Rd, Grand Island, NE 68801-7345NE2014-08$0
Number of organizations performing similar types of work
Alaska1
Alabama8
Arkansas5
Arizona18
California106
Colorado10
Connecticut2
District of Columbia2
Delaware1
Florida56
Georgia27
Hawaii2
Iowa7
Idaho4
Illinois19
Indiana13
Kansas5
Kentucky8
Louisiana9
Massachusetts22
Maryland6
Maine5
Michigan19
Minnesota12
Missouri14
Mississippi2
Montana1
North Carolina24
North Dakota1
Nebraska3
New Hampshire2
New Jersey24
New Mexico1
Nevada6
New York44
Ohio22
Oklahoma4
Oregon16
Pennsylvania18
Rhode Island3
South Carolina9
South Dakota2
Tennessee16
Texas87
Utah3
Virginia17
Vermont1
Washington20
Wisconsin16
West Virginia7
Wyoming1
Total731

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