Return of Organization Exempt from Income
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OMB No 1545-004 Return of Organization Exempt From Income Tax Form 990 Under section 501(c ), 527, or 4947 ( a)(1) of the Internal Revenue Code (except black lung 2004 benefit trust or private foundation) Department of the Treasury Open to Public Internal Revenue Ser vi ce ► The organization may have to use a copy of this return to satisfy state reporting requirements. Inspection A For the 2004 calendar year , or tax year beginning OCT 1 2004 and ending SEP 3 0 2005 B check it C Name of organization D Employer identification number applicable Please use I RS T U/W H F BROWN FOR LINCOLN UNIVERSITY Address label or Os+ange pri nt o- I LMINGTON TRUST COMPANY 51-6012481 Nam type 0change Number and street (or P.O. box if mail is not delivered to street address ) Room/suite E Telephone number reet�m �Sw- 110 0 NORTH MARKET STREET (302)651-1839 Final Oreturn tons City or town, state or country, and ZIP + 4 F Accoun ting method ® Cash = Aocn,at Ame ILMINGTON DE 19890-0001 (secify) Po, Application 0 Lpendmg Section 50 Itc)(3 ) organizations and 4947 ( d)(1) nonexempt charitable trusts H and I are not applicable to section 527 organizations. must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? 0 Yes ® No H(b) If "Yes, enter number of affil iates► J Organization type (check onryone) ► W 501(c) ( 3 ) 14 (insert no) [] 4947(a)(1) or 0 52 7 H(c) Are all affiliates included? N/A 0 Yes 0 No (If 'No," attach a list.) K Check here ► 0 if the organization's gross receipts are normally not more than $25,000. The H(d) Is this a separate return filed by an or- organization need not file a return with the IRS; but if the organization received a Form 990 Package ganization covered by a group ruling? 0 Yes ® No in the mail, it should fil e a return without financial data. Some states require a complete return Group Exemption Number jo� M Check ► ® if the organization is not required to attach L Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► 819,882.00 Sch. B (Form 990, 990-EZ, or 990-PF). Pa rt I Revenue , Expenses, and Changes in Net Assets or Fund Bal ances 1 Contributions , gifts, grants, and similar amounts received: a Direct public support la b Indirect public support lb c Government contributions (grants) 1c d Total (add lines la through 1c) (cash $ noncash $ ) 1d 0.00 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 3 Membership dues and assessments 3 4 Interest on savings and tempora ry cash investments 4 5 Dividends and interest from securities 5 61,624.00 6 a Gross rents 6a b Less: rental expenses 6b c Net rental income or (loss ) (subtract line 6b from line 6a) 6c 7 Other investment income ( describe ► 7 8 a Gross amount from sales of assets other (A) Securities (B) Other than inventory 744,168.00 8a 14,090.00 cc b Less: cost or other basis and sales expenses 779,863.00 8b c Gain or ( loss) (attach schedule ) <35 695 . 00>8c 14,090.00 d Net gain or ( loss) (combine line 8c, columns (A) and ( B)) STMT 1 STMT 2 8d <21,605.00: 9 Special events and activities (attach schedule ). If any amount is from gaming , check here ► 0 a Gross revenue ( not including $ of contributions reported on line 1a) - 9a b Less: direct expenses o rttia r `tC �n e 9b c Net income or (loss) fro i s ci sti e b fa li ne ) 9c 10 a Gross sales of invento r ( es returns and allowances Q 10a b Less: cost of goods )ld F T' 200 cn 10b c Gross profit or (loss) fro s of mventory,(91 attach.sche subtract line 10b from line 1Oa) 10c 11 Other revenue (fro Part II, inel 11 12 Total revenue ad lines d 2 3�l 19�� 1 12 40 019.00 13 Program services ( fro ihne-44 , column ( 8)) 13 52 753 . 00 14 Management and general ( from line 44, column (C)) 14 19 Ctwo 673 . 00 15 Fundraisin g ( from line 44, column (D)) ®I 15 w 16 Payments to affiliates (attach schedule ) BATCHIMGRCV N F EB 12 2O��? 16 17 Total expenses (add lines 16 and 44, column (A)) t�J 17 72 426 . 0 0 18 Excess or ( deficit) for the year (subtract line 17 from line 12) 18 <32 407 . 00: N 19 Net assets or fund balances at beginning of year ( from line 73, column (A)) 19 1 785 164 . 0 0 Za 20 Other changes in net assets or fund balances (attach explanation ) SEE STATEMENT 3 20 <3 000. 00: 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) 21 1 749 757 . 00 oi=ls-os LHA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Form 990 (2004) 1 r 15370213 758259 03374-0 2004.08000 TT U/W H F BROWN FOR LINCOL 03374-01 ` TT U/W H F BROWN FOR LINCOLN UNIVERSITY YY1L1-La%Z1iJa J. UJl l.Vlltt.L'4I 71-0V1L'!o1 Statement of Part II ' All organizations must complete column (A). Columns (B), (C), and (D) are required for section 501(c)(3) Page 2 Q Functional Expenses and (4) oraanizations and section 4947(a)(1) nonexempt charitable trusts but notional for others. 'Do not include amounts reported on line (B) Program (C) Management (D) 6b 8b, 9b, 10b or 16 of Part 1. (A) Total services and general Fundraising 22 Grants and allocations (attach schedule) (cash $ 52 , 753 . 0 0 noncash g 22 52,753.00 5 2 7 5 3.0 0 TATEMENT 5 23 Specific assistance to individuals (attach schedule) 23 24 Benefits paid to or for members (attach schedule) 24 25 Compensation of officers, directors, etc. 25 18,240.00 0.00 18,240.00 0.00 26 Other salaries and wages 26 27 Pension plan contributions 27 28 Other employee benefits 28 29 Payroll taxes 29 30 Professional fundraising fees 30 31 Accounting fees 31 32 Legal fees 32 33 Supplies 33 34 Telephone 34 35 Postage and shipping 35 36 Occupancy 36 37 Equipment rental and maintenance 37 38 Printing and publications 38 39 Travel 39 40 Conferences, conventions, and meetings 40 41 Interest 41 42 Depreciation, depletion, etc. (attach schedule) 42 43 Other expenses not covered above (itemize): a 43a b 43b c 43c d 43d e SEE STATEMENT 4 43e 1,433.00 1,433.00 44 Oanlrahonicsmpfebnpcolum 5()ID),carryThesetDtalstoInes1315 44 72 426.00 52 753.00 19 673.00 0.00 Joint Costs Check ► U if you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ► Q Yes ® No If *Yes; enter (i) the aggregate amount of these joint costs $ ; (ii) the amount allocated to Program services $ iii the amount allocated to Management and general $ and (iv) the amount allocated to Fundraising Pa rt III Statement of Program Service Accomplishments What is the organization's primary exempt purpose9 ► GRANTS TO PROFIT ORGANIZATIONS Pro9EramSe rvice NON xpenses All organizations must describe their 1(c) exempt purpose achievements in a cle ar and concise manner State the number of clients serv ed, publications issued, etc Discuss (Required for 50 and achievements that are not measurable (Section 501(cX3) and (4) organizations and 4947(aXl) nonexempt ch aritable trusts must also enter the amount of grants and (4) orgs ,and 4947(aXl) allocations to others ) trusts, but optional for others ) a LINCOLN MEMORIAL UNIVERSITY Grants and allocations 52,753.00) 52,753.00 b (Grants and allocations C (Grants and allocations d (Grants and allocations e Other program services attach schedule (Grants and allocations $ f Total of Program Se rvice Expenses (should equal line 44, column (B), Program services) ► 52,753.00 423011 01-13-05 Form 990 (2004) 2 15370213 758259 03374-0 2004.08000 TT U/W H F BROWN FOR LINCOL 03374-01 TT U/W H F BROWN FOR LINCOLN UNIVERSITY Form 990 (2004) WILMINGTON TRUST COMPANY 51-6012481 Page 3 Pert IV Balance Sheets Note: Where required, attached schedules and amounts within the description column (A) (B) should be for end-of-year amounts only. Beginning of year End of year 45 Cash - non-interest-bearing 45 46 Savings and temporary cash investments 82,558.00 46 98,093.00 47 a Accounts receivable 47a b Less: allowance for doubtful accounts 47b 47c 48 a Pledges receivable 48a b Less: allowance for doubtful accounts 48b 48c 49 Grants receivable 49 50 Receivables from officers, directors, trustees, and key employees 50 w 51 a Other notes and loans receivable 51a a b Less: allowance for doubtful accounts 51b 51c 52 Inventories for sale or use 52 53 Prepaid expenses and deferred charges 53 54 Investments - securities STMT 6 ►® Cost 0 FMV 1,702,606.00 54 1,651,664.00 55 a Investments - land, buildings, and equipment basis 55a b Less: accumulated depreciation 55b 55c 56 Investments - other 56 57 a Land, buildings, and equipment: basis 57a b Less: accumulated depreciation 57b 57c 58 Other assets (describe ► ) 58 59 Total assets add lines 45 through 58 must equal line 74 1,785,164.00 59 1,749,757.00 60 Accounts payable and accrued expenses 60 61 Grants payable 61 62 Deferred revenue 62 N 63 Loans from officers, directors, trustees, and key employees 63 64 a Tax-exempt bond liabilities 64a 20 b Mortgages and other notes payable 64b 65 Other liabilities (describe ► ) 65 66 Total liabilities (add lines 60 through 65) 0.00 66 0.00 Organizations that follow SFAS 117 , check here ► E] and complete lines 67 through 69 and lines 73 and 74.