Civic Intelligence

Lincoln Sports Foundation Inc

EIN 45-0533389 • 501(c)3 • Lincoln, NE

Profile

The mission of the lincoln sports foundation is a commitment to developing, mentoring and training student athletes and their families through programs that provide quality coaching and facilities enabling them to reach their full potential as athletes and members of the community reflecting our values of honesty, integrity and a commitment to excellence, through the operation of the sports complex.

PO Box 22608Lincoln, NE 68542

www.lsfsportscomplex.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.50x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

3.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

31st percentile

-1.3%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-3.5%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$6,330,144

Down $82,470 (-1.3%) from 2022

Liabilities

Up

$3,188,852

Up $28,542 (+0.9%) from 2022

Net Assets

Down

$3,141,292

Down $111,012 (-3.4%) from 2022

Operations
Liabilities / Revenue94th percentileNet Margin17th percentile

Revenue

Down

$856,175

Down $31,365 (-3.5%) from 2022

Expenses

Up

$967,187

Up $230,037 (+31%) from 2022

Net Income

Down

-$111,012

Down $261,402 (-174%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,621,447Liabilities 2010: $5,900,491Net Assets 2010: $1,720,9562010Assets 2011: $7,233,115Liabilities 2011: $5,526,881Net Assets 2011: $1,706,2342011Assets 2012: $6,901,660Liabilities 2012: $5,522,026Net Assets 2012: $1,379,6342012Assets 2013: $6,624,590Liabilities 2013: $5,559,904Net Assets 2013: $1,064,6862013Assets 2014: $6,307,586Liabilities 2014: $5,173,530Net Assets 2014: $1,134,0562014Assets 2015: $6,030,646Liabilities 2015: $4,969,448Net Assets 2015: $1,061,1982015Assets 2016: $5,762,764Liabilities 2016: $4,980,775Net Assets 2016: $781,9892016Assets 2017: $5,501,925Liabilities 2017: $5,008,169Net Assets 2017: $493,7562017Assets 2018: $5,268,303Liabilities 2018: $5,118,888Net Assets 2018: $149,4152018Assets 2019: $5,647,396Liabilities 2019: $3,013,535Net Assets 2019: $2,633,8612019Assets 2020: $5,952,428Liabilities 2020: $3,139,223Net Assets 2020: $2,813,2052020Assets 2021: $6,238,637Liabilities 2021: $3,136,723Net Assets 2021: $3,101,9142021Assets 2022: $6,412,614Liabilities 2022: $3,160,310Net Assets 2022: $3,252,3042022Assets 2023: $6,330,144Liabilities 2023: $3,188,852Net Assets 2023: $3,141,2922023

Highlighted filing

2023

Assets$6,330,144
Liabilities$3,188,852
Net Assets$3,141,292
Open 2023 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $4,336,358Expenses 2010: $1,450,067Net Income 2010: $2,886,2912010Revenue 2011: $1,464,631Expenses 2011: $1,479,353Net Income 2011: -$14,7222011Revenue 2012: $979,587Expenses 2012: $1,306,187Net Income 2012: -$326,6002012Revenue 2013: $688,049Expenses 2013: $1,002,997Net Income 2013: -$314,9482013Revenue 2014: $907,590Expenses 2014: $838,220Net Income 2014: $69,3702014Revenue 2015: $646,240Expenses 2015: $719,098Net Income 2015: -$72,8582015Revenue 2016: $369,261Expenses 2016: $648,470Net Income 2016: -$279,2092016Revenue 2017: $245,057Expenses 2017: $533,290Net Income 2017: -$288,2332017Revenue 2018: $211,761Expenses 2018: $556,102Net Income 2018: -$344,3412018Revenue 2019: $3,074,911Expenses 2019: $590,465Net Income 2019: $2,484,4462019Revenue 2020: $808,686Expenses 2020: $629,342Net Income 2020: $179,3442020Revenue 2021: $1,068,518Expenses 2021: $779,809Net Income 2021: $288,7092021Revenue 2022: $887,540Expenses 2022: $737,150Net Income 2022: $150,3902022Revenue 2023: $856,175Expenses 2023: $967,187Net Income 2023: -$111,0122023

Highlighted filing

2023

Revenue$856,175
Expenses$967,187
Net Income-$111,012
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,330,144
Liabilities
$3,188,852
Net assets
$3,141,292
Revenue
$856,175
Expenses
$967,187
Net income
-$111,012
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$6.33$3.19$3.14$0.86$0.97$0.11
2022Detailed filing. Detailed filing data is available for this year.$6.41$3.16$3.25$0.89$0.74$0.15
2021Detailed filing. Detailed filing data is available for this year.$6.24$3.14$3.10$1.07$0.78$0.29
2020Detailed filing. Detailed filing data is available for this year.$5.95$3.14$2.81$0.81$0.63$0.18
2019Detailed filing. Detailed filing data is available for this year.$5.65$3.01$2.63$3.07$0.59$2.48
2018Detailed filing. Detailed filing data is available for this year.$5.27$5.12$0.15$0.21$0.56$0.34
2017Detailed filing. Detailed filing data is available for this year.$5.50$5.01$0.49$0.25$0.53$0.29
2016Summary only. Only limited summary data is available for this year.$5.76$4.98$0.78$0.37$0.65$0.28
2015Summary only. Only limited summary data is available for this year.$6.03$4.97$1.06$0.65$0.72$0.07
2014Summary only. Only limited summary data is available for this year.$6.31$5.17$1.13$0.91$0.84$0.07
2013Summary only. Only limited summary data is available for this year.$6.62$5.56$1.06$0.69$1.00$0.31
2012Summary only. Only limited summary data is available for this year.$6.90$5.52$1.38$0.98$1.31$0.33
2011Summary only. Only limited summary data is available for this year.$7.23$5.53$1.71$1.46$1.48$0.01
2010Summary only. Only limited summary data is available for this year.$7.62$5.90$1.72$4.34$1.45$2.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$856,175
Mission and Program Overview

Mission

The mission of the lincoln sports foundation is a commitment to developing, mentoring and training student athletes and their families through programs that provide quality coaching and facilities enabling them to reach their full potential as athletes and members of the community reflecting our values of honesty, integrity and a commitment to excellence, through the operation of the sports complex.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,056,090$3,985,616▼ $70,474
Cash and Non-Interest-Bearing Accounts$332,733$325,095▼ $7,638
Intangible Assets$12,721$8,360▼ $4,361
Total Assets$6,412,614$6,330,144▼ $82,470
Other Assets Total$2,011,070$2,011,073▲ $3
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,000,000$3,000,000→ $0
Unsecured Notes Loans Payable$133,400$131,687▼ $1,713
Accounts Payable and Accrued Expenses$26,910$35,654▲ $8,744
Other Liabilities-$21,511-
Total Liabilities$3,160,310$3,188,852▲ $28,542
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,252,304$3,141,292▼ $111,012
Total Net Assets Fund Balance$3,252,304$3,141,292▼ $111,012
Total Liabilities and Net Assets / Fund Balance$6,412,614$6,330,144▼ $82,470

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,850,989$3,681,635$6,532,624
Equipment$798,162$1,014,014$1,812,176
Leasehold Improvements$76,484$758,232$834,716
Land$259,981-$259,981
Other Assets Org$1--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Dan LesoingPresident
Daniel SoltysDirector
Rachel CulwellDirector
Lisa MooreSecretary
Patrick ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$379,750
Program Service Revenue
$476,355
Investment Income
$0
Other Revenue
$70
All Other Contributions
$379,750
Change in Net Assets
$-111,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$967,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$296,691--$296,691
Fees for Services Other$123,509--$123,509
Other Expenses$44,770$6,956-$44,770
All Other Expenses$12,905$22,942-$35,847
Insurance-$27,693-$27,693
Office Expenses$7,196$16,207-$23,403
Fees for Services Legal-$741-$741
Total Functional Expenses$881,556$85,631$0$967,187
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Lesoing$15,000
Payroll Taxes Payable$6,511
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Either the form 990 will be reviewed and approved at a board of directors meeting or it will be mailed or e-mailed to the members of the board of directors and the members wil e-mail their approval to the organization prior to filing form 990.”

Form 990, Page 6, Part VI, Line 19

“The organization does not make it's governing documents, conflict of interest policy and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Lincoln Sports Foundation Inc
EIN
45-0533389
Phone
4024642255
Address
PO BOX 22608, LINCOLN, NE 68542

Signing Officer

Name
Dan Lesoing
Title
President
Phone
4024642255
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Lesoing
Formed
2004
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
11
Volunteers
80

Preparer

Firm
Hocking & Schulenberg LLC
Address
3501 PLANTATION DR SUITE 110, LINCOLN, NE 68516
Preparer
Shawn P Schulenberg
Phone
4024410140
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the lincoln sports foundation is a commitment to developing, mentoring and training student athletes and their families through programs that provide quality coaching and facilities enabling them to reach their full potential as athletes and members of the community reflecting our values of honesty, integrity and a commitment to excellence, through the operation of the sports complex.”

Form 990, Page 2, Part III, Line 4B

“The indoor sports center program provides one of the midwest's largest and finest indoor sports centers with 4 indoor arenas of 28,000 square feet each. The indoor sports center is used by the capital soccer association and the cornhusker shooting stars to run their programs. Trackville uses the shock cushioned floor to run their programs. Trackville is one of the largest privately founded indoor track foundations in the midwest. The indoor sports center has a total of 6 volleyball courts for year around use. The capital soccer association utilizes an arena with indoor sports turf to run their programs in the winter months. The cornhusker shooting stars youth basketball program utilizes two arenas with 6 basketball courts to run their basketball program. The indoor sports center is also utilized to run both volleyball and basketball tournaments. No coast jr. Roller derby uses multicourt side for training and meets. In total, the indoor sports center program had hundreds of athletes utilize the indoor sports center during the tax year.”

Form 990, Part IX, Line 11G

“SALARIES 123,509 0 0”

Raw XML Appendix381 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE INDOOR SPORTS CENTER PROGRAM PROVIDES ONE OF THE MIDWEST'S LARGEST AND FINEST INDOOR SPORTS CENTERS WITH 4 INDOOR ARENAS OF 28,000 SQUARE FEET EACH. THE INDOOR SPORTS CENTER IS USED BY THE CAPITAL SOCCER ASSOCIATION AND THE CORNHUSKER SHOOTING STARS TO RUN THEIR PROGRAMS. TRACKVILLE USES THE SHOCK CUSHIONED FLOOR TO RUN THEIR PROGRAMS. TRACKVILLE IS ONE OF THE LARGEST PRIVATELY FOUNDED INDOOR TRACK FOUNDATIONS IN THE MIDWEST. THE INDOOR SPORTS CENTER HAS A TOTAL OF 6 VOLLEYBALL COURTS FOR YEAR AROUND USE. THE CAPITAL SOCCER ASSOCIATION UTILIZES AN ARENA WITH INDOOR SPORTS TURF TO RUN THEIR PROGRAMS IN THE WINTER MONTHS. THE CORNHUSKER SHOOTING STARS YOUTH BASKETBALL PROGRAM UTILIZES TWO ARENAS WITH 6 BASKETBALL COURTS TO RUN THEIR BASKETBALL PROGRAM. THE INDOOR SPORTS CENTER IS ALSO UTILIZED TO RUN BOTH VOLLEYBALL AND BASKETBALL TOURNAMENTS. NO COAST JR. ROLLER DERBY USES MULTICOURT SIDE FOR TRAINING AND MEETS. IN TOTAL, THE INDOOR SPORTS CENTER PROGRAM HAD HUNDREDS OF ATHLETES UTILIZE THE INDOOR SPORTS CENTER DURING THE TAX YEAR.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0252252
IRS990/ProgSrvcAccomActy3Grp/Desc0THE OUTDOOR SPORTS FIELDS PROGRAM PROVIDES 19 SPORT GRASS TURF PLAYING FIELDS. THE OUTDOOR SPORTS FIELDS ARE USED BY THE NEBRASKA STATE SOCCER ASSOCIATION, NEBRASKA STATE SOCCER LEAGUE, LINCOLN PUBLIC SCHOOLS, LINCOLN RAMPAGE LACROSSE, CAPITAL SOCCER ASSOCIATION, MEGELLIAN SOCCER CLUB, EVOLUTION SOCCER CLUB, SPECIAL OLYMPICS OF NEBRASKA AND THE INTERNATIONAL SOCCER LEAGUE TO RUN THEIR PROGRAMS. IN TOTAL, THE OUTDOOR SPORTS FIELDS PROGRAM HAD HUNDREDS OF ATHLETES UTILIZE THE OUTDOOR SPORTS FIELDS DURING THE TAX YEAR.
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0259981
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND IMPROVEMENTS - SOCCER COMPLEX
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LAND IMPROVEMENTS - SOFTBALL COMPLEX
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LAND IMPROVEMENTS - MOTORCROSS TRACK
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INVESTMENT - NE TENNIS CENTER
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LESOING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE LINCOLN SPORTS FOUNDATION IS A COMMITMENT TO DEVELOPING, MENTORING AND TRAINING STUDENT ATHLETES AND THEIR FAMILIES THROUGH PROGRAMS THAT PROVIDE QUALITY COACHING AND FACILITIES ENABLING THEM TO REACH THEIR FULL POTENTIAL AS ATHLETES AND MEMBERS OF THE COMMUNITY REFLECTING OUR VALUES OF HONESTY, INTEGRITY AND A COMMITMENT TO EXCELLENCE, THROUGH THE OPERATION OF THE SPORTS COMPLEX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INDOOR SPORTS CENTER PROGRAM PROVIDES ONE OF THE MIDWEST'S LARGEST AND FINEST INDOOR SPORTS CENTERS WITH 4 INDOOR ARENAS OF 28,000 SQUARE FEET EACH. THE INDOOR SPORTS CENTER IS USED BY THE CAPITAL SOCCER ASSOCIATION AND THE CORNHUSKER SHOOTING STARS TO RUN THEIR PROGRAMS. TRACKVILLE USES THE SHOCK CUSHIONED FLOOR TO RUN THEIR PROGRAMS. TRACKVILLE IS ONE OF THE LARGEST PRIVATELY FOUNDED INDOOR TRACK FOUNDATIONS IN THE MIDWEST. THE INDOOR SPORTS CENTER HAS A TOTAL OF 6 VOLLEYBALL COURTS FOR YEAR AROUND USE. THE CAPITAL SOCCER ASSOCIATION UTILIZES AN ARENA WITH INDOOR SPORTS TURF TO RUN THEIR PROGRAMS IN THE WINTER MONTHS. THE CORNHUSKER SHOOTING STARS YOUTH BASKETBALL PROGRAM UTILIZES TWO ARENAS WITH 6 BASKETBALL COURTS TO RUN THEIR BASKETBALL PROGRAM. THE INDOOR SPORTS CENTER IS ALSO UTILIZED TO RUN BOTH VOLLEYBALL AND BASKETBALL TOURNAMENTS. NO COAST JR. ROLLER DERBY USES MULTICOURT SIDE FOR TRAINING AND MEETS. IN TOTAL, THE INDOOR SPORTS CENTER PROGRAM HAD HUNDREDS OF ATHLETES UTILIZE THE INDOOR SPORTS CENTER DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EITHER THE FORM 990 WILL BE REVIEWED AND APPROVED AT A BOARD OF DIRECTORS MEETING OR IT WILL BE MAILED OR E-MAILED TO THE MEMBERS OF THE BOARD OF DIRECTORS AND THE MEMBERS WIL E-MAIL THEIR APPROVAL TO THE ORGANIZATION PRIOR TO FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARIES 123,509 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DAN LESOING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04024642255
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN SPORTS FOUNDATION INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470806082
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOCKING & SCHULENBERG LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03501 PLANTATION DR SUITE 110
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
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ReturnHeader/ReturnTs02024-11-14T15:14:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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