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Nonprofiteer
← LEXINGTON STRIDES AHEAD FOUNDATION

Form 990 for tax year 2023

Filed by LEXINGTON STRIDES AHEAD FOUNDATION.

Totals

Total revenue
$755,480
Total expenses
$736,543
Contributions and grants received
$755,480
Grants paid
$688,068
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$31,370
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$31,370
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$736,543

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $755,480

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $688,068

  • 24a · Other expenses: CAMPAIGN EXPENSES

    total $40,000

  • 24b · Other expenses: OTHER

    total $8,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,433 · end of year $31,370

  • 27 · Net assets without donor restrictions

    beginning of year $12,433 · end of year $31,370

Mission and programs · 2023

Mission

TO PROMOTE ECONOMIC DEVELOPMENT THROUGH BALANCED, RESPONSIBLE EXPANSION FOR THE GREATER LEXINGTON ECONOMY.

Activities or mission (Part I)

FUNDING OF ECONOMIC DEVELOPMENT INITIATIVE DESIGNED TO PROMOTE BALANCED, RESPONSIBLE EXPANSION FOR THE GREATER LEXINGTON ECONOMY.

  • LEXINGTON STRIDES AHEAD CONTINUES TO IMPLEMENT PART TWO OF THE ONE TEAM ONE VISION CAMPAIGN WHICH PROMOTES LONG TERM PLANS FOR LEXINGTON'S ECONOMY THROUGH RESPONSIBLE EXPANSION.

    Expenses $736,543 · Grants $688,068 · Revenue $755,480

As filed on the 2023 return.

Listed in Part VII

  • Bob Hewett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Martha Jones

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • David Freibert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Menke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ken Sagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Quick

    DIRECTOR

    Total calculated
    $270,027
    From this org
    $0
    From related orgs
    $242,208
    Other
    $27,819
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,208 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,520 related
    Nontaxable benefits
    $0 + $15,299 related
    Filer's total
    $0 + $270,027 related

  • Tucker Ballinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ray Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2024
IRS schema version
2023v5.1
Source object
202422619349300617

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