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Nonprofiteer
← LEXINGTON PHILHARMONIC ORCHESTRA FOUNDATION INC

Form 990 for tax year 2023

Filed by LEXINGTON PHILHARMONIC ORCHESTRA FOUNDATION INC.

Totals

Total revenue
$145,653
Total expenses
$260,836
Contributions and grants received
$0
Grants paid
$242,539
Program service revenue
$0
Investment income
$145,653
Other revenue
$0
Total assets, end of year
$2,991,227
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,991,227
Program services expenses (Part IX)
$242,539
Management and general expenses
$18,297
Fundraising expenses
$0
Program service expenses (Part III)
$242,539

Program services were 93.0% 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.

  • 3 · Investment income

    total $75,185 · excluded $75,185

  • 7a · Gross sales of assets other than inventory

    securities $70,468

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $70,468

  • 7d · Net gain or loss

    total $70,468 · related or exempt $70,468

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $242,539 · program services $242,539

  • 11f · Fees: investment management

    total $17,071 · management and general $17,071

  • 23 · Insurance

    total $1,226 · management and general $1,226

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,414 · end of year $86,934

  • 2 · Savings and temporary cash investments

    beginning of year $20,742 · end of year $21,083

  • 3 · Pledges and grants receivable

    beginning of year $2,700 · end of year $2,700

  • 4 · Accounts receivable

    beginning of year $2,276 · end of year $4,398

  • 11 · Investments: publicly traded securities

    beginning of year $2,381,019 · end of year $2,557,967

  • 15 · Other assets

    beginning of year $388,917 · end of year $318,145

  • 27 · Net assets without donor restrictions

    beginning of year $2,629,475 · end of year $2,739,634

  • 28 · Net assets with donor restrictions

    beginning of year $251,593 · end of year $251,593

Mission and programs · 2023

Mission

TO SECURE LONG TERM FINANCIAL SUPPORT THROUGH PUBLIC AND PRIVATE SOURCES AND TO PROMOTE PHILANTHROPIC ACTIVITIES TO BENEFIT THE FOUNDATION'S ENDOWMENT TO SUPPORT THE LEXINGTON PHILHARMONIC SOCIETY, INC.

Activities or mission (Part I)

FINANCIAL ASSISTANCE TO THE LEXINGTON PHILHARMONIC SOCIETY, INC.

  • A PERCENTAGE OF EARNINGS FROM PERMANENT ENDOWMENT FUNDS WERE TRANSFERRED TO THE LEXINGTON PHILHARMONIC TO HELP SUPPORT ITS ACTIVITIES.

    Expenses $242,539 · Grants $242,539

As filed on the 2023 return.

Listed in Part VII

  • LARRY C DEENER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEAN WHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOU H JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RENEE SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN GARDNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHARON REED

    VICE-CHAIR AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN WHARTON

    CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MORRILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

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
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349308742

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