Form 990 for tax year 2024

Filed by LEXINGTON PHILHARMONIC SOCIETY INC.

Totals

Total revenue: $1,254,615
Total expenses: $1,342,347
Contributions and grants received: $731,809
Grants paid: $0
Program service revenue: $525,661
Investment income: $482
Other revenue: -$3,337
Total assets, end of year: $66,391
Total liabilities, end of year: $318,025
Net assets or fund balances, end of year: -$251,634
Program services expenses (Part IX): $1,049,944
Management and general expenses: $198,544
Fundraising expenses: $93,859
Program service expenses (Part III): $1,049,944

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

1d · Related organizations

$235,550
1e · Government grants (contributions)

$18,758
1f · All other contributions, gifts and grants

$477,501
2a · Program service revenue: CONCERT AND PROGRAM RE

total $519,913 · related or exempt $519,913
2b · Program service revenue: OTHER REVENUE

total $5,748 · related or exempt $5,748
3 · Investment income

total $482 · excluded $482
8a · Fundraising events: gross income

$2,410
8b · Fundraising events: direct expenses

$5,747
8c · Net income from fundraising events

total -$3,337 · excluded -$3,337

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $70,442 · program services $14,280 · management and general $28,081 · fundraising $28,081
7 · Other salaries and wages

total $670,345 · program services $593,953 · management and general $28,660 · fundraising $47,732
9 · Other employee benefits

total $125,370 · program services $118,404 · management and general $3,028 · fundraising $3,938
10 · Payroll taxes

total $48,935 · program services $38,877 · management and general $4,293 · fundraising $5,765
11b · Fees: legal

total $5,814 · management and general $5,814
11g · Fees: other

total $54,969 · management and general $54,969
12 · Advertising and promotion

total $43,423 · program services $43,423
13 · Office expenses

total $5,336 · management and general $2,332 · fundraising $3,004
16 · Occupancy

total $71,808 · program services $58,764 · management and general $13,044
17 · Travel

total $8,142 · program services $8,142
20 · Interest

total $6,238 · management and general $6,238
22 · Depreciation, depletion and amortization

total $2,126 · management and general $2,126
23 · Insurance

total $16,212 · program services $4,779 · management and general $11,433
24a · Other expenses: ARTIST FEES AND EXPENSE

total $85,315 · program services $85,315
24b · Other expenses: OTHER

total $59,904 · program services $24,976 · management and general $29,589 · fundraising $5,339
24c · Other expenses: EQUIPMENT REPAIR & MAIN

total $42,540 · program services $33,603 · management and general $8,937
24d · Other expenses: PROGRAM PRODUCTION

total $13,428 · program services $13,428
24e · All other expenses

total $12,000 · program services $12,000

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $486 · end of year $32,681
4 · Accounts receivable

beginning of year $35,450 · end of year $3,000
9 · Prepaid expenses and deferred charges

beginning of year $16,541 · end of year $21,907
10a · Land, buildings and equipment: cost or other basis

$73,379
10b · Land, buildings and equipment: accumulated depreciation

$64,576
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $8,803
17 · Accounts payable and accrued expenses

beginning of year $10,590 · end of year $12,030
19 · Deferred revenue

beginning of year $52,610 · end of year $125,995
25 · Other liabilities

beginning of year $153,179 · end of year $180,000
27 · Net assets without donor restrictions

beginning of year -$183,902 · end of year -$271,634
28 · Net assets with donor restrictions

beginning of year $20,000 · end of year $20,000

Mission and programs · 2024

Mission

TO FOSTER EXCELLENCE AND INNOVATION IN PERFORMANCES AND PRESENTATION OF GREAT MUSIC; TO ENRICH THE LIVES OF OUR DIVERSE CITIZENRY; TO EDUCATE CURRENT AND FUTURE AUDIENCES AND TO BRING DISTINCTION TO OUR COMMUNITY THROUGH THE ORCHESTRA'S PRESENCE AND STANDING.

Activities or mission (Part I)

ORCHESTRA PERFORMANCES

THE LEXINGTON PHILHARMONIC PRESENTS OVER 100 CONCERTS, EDUCATIONAL, AND COMMUNITY ENGAGEMENT PROGRAMS ANNUALLY, DESIGNED TO ENGAGE THE DIVERSE POPULATIONS OF CENTRAL KENTUCKY IN THE POWER AND JOY OF MUSIC AND LIVE PERFORMANCE. THE SEASON SERIES FEATURES CLASSICAL MUSIC, NEW MUSIC, AND WORLD PREMIERE WORKS, ALONG WITH WORLD-RENOWNED GUEST ARTISTS. MANY LIFE-LONG LEARNING PROGRAMS ARE OFFERED FREE OF CHARGE WITH COMMUNITY PARTNERS SUCH AS THE LFUCG SENIOR CENTER AND FAYETTE COUNTY PUBLIC SCHOOLS. OTHER EDUCATIONAL PROGRAMS INCLUDE FREE PRE-CONCERT LECTURES, AND MUSICLAB. LEXPHIL REACHES THOUSANDS OF LISTENERS THROUGH ITS PARTNERSHIP OF ON-AIR BROADCASTS AND STREAMING WITH WEKU FM.

Expenses $1,049,944 · Revenue $525,661

As filed on the 2024 return.

Listed in Part VII

Carol McLeod DVMCAROL MCLEOD DVM

PRESIDENT

Total calculated

$0

Hours/week

4
Colmon Elridge IIICOLMON ELRIDGE III

IMMEDIATE PAST PRESIDENT

Total calculated

$0

Hours/week

1
Paul BachnerPAUL BACHNER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Rebecca BarteeREBECCA BARTEE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Elizabeth DeenerELIZABETH DEENER

BOARD MEMBER

Total calculated

$0

Hours/week

1
William LogginsWILLIAM LOGGINS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jackie Hamilton SaykalyJACKIE HAMILTON SAYKALY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Joanne HilliardJOANNE HILLIARD

PRESIDENT ELECT

Total calculated

$0

Hours/week

1
Carolyn HowardCAROLYN HOWARD

BOARD MEMBER

Total calculated

$0

Hours/week

1
Lou H JonesLOU H JONES

SECRETARY

Total calculated

$0

Hours/week

1
John KieblerJOHN KIEBLER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Stephen MallorySTEPHEN MALLORY

TREASURER

Total calculated

$0

Hours/week

2
Donald MasonDONALD MASON

BOARD MEMBER

Total calculated

$0

Hours/week

1
John WhartonJOHN WHARTON

FOUNDATION CHAIR

Total calculated

$0

Hours/week

2
Joshua SantanaJOSHUA SANTANA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Andrew SparksANDREW SPARKS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Brett ScottBRETT SCOTT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jean ScottJEAN SCOTT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Adrienne ThakurADRIENNE THAKUR

BOARD MEMBER

Total calculated

$0

Hours/week

1
Brooke RabyBROOKE RABY

EXECUTIVE DIRECTOR

Total calculated

$62,198

From this org

$62,198

From related orgs

$0

Other

$0

Hours/week

40

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.

Grants on this return

No itemized grants to organizations 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.

LEXINGTON PHILHARMONIC FOUNDATION INC

501(C)(3) · FINANCIAL ASSISTANCE TO THE LEXINGTON PHILHARMONIC SOCIETY · KY

Provenance

Return type: form_990
Tax year: 2024
Filed: 19 November 2025
IRS schema version: 2024v5.2
Source object: 202513369349300621

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