Form 990 for tax year 2022
Filed by LEXINGTON INDUSTRIAL FOUNDATION INC.
Totals
- Total revenue
- $32,286
- Total expenses
- $95,777
- Contributions and grants received
- $0
- Grants paid
- $90,000
- Program service revenue
- $0
- Investment income
- $32,264
- Other revenue
- $22
- Total assets, end of year
- $460,524
- Total liabilities, end of year
- $1,020
- Net assets or fund balances, end of year
- $459,504
- Program services expenses (Part IX)
- $90,000
- Management and general expenses
- $5,777
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $90,000
Program services were 94.0% 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 $9,480 · excluded $9,480
-
7a · Gross sales of assets other than inventory
securities $227,897
-
7b · Less cost or other basis and sales expenses
securities $205,113
-
7c · Gain or loss
securities $22,784
-
7d · Net gain or loss
total $22,784 · excluded $22,784
-
11a · Other revenue: CLASS ACTION PROCEEDS
total $22 · excluded $22
-
11e · Other revenue, total
$22
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $90,000 · program services $90,000
-
11c · Fees: accounting
total $900 · management and general $900
-
11f · Fees: investment management
total $4,009 · management and general $4,009
-
23 · Insurance
total $851 · management and general $851
-
24a · Other expenses: KY FILING FEE
total $15 · management and general $15
-
24b · Other expenses: OTHER EXPENSE
total $2 · management and general $2
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $41,745 · end of year $11,107
-
12 · Investments: other securities
beginning of year $606,461 · end of year $449,417
-
19 · Deferred revenue
beginning of year $847 · end of year $1,020
-
29 · Capital stock, trust principal or current funds
beginning of year $29,900 · end of year $29,900
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $617,459 · end of year $429,604
Mission and programs · 2022
Mission
PROMOTE AND ENCOURAGE THE CREATION OF JOBS IN THE CENTRAL KENTUCKY AREA BY IMPROVING BUSINESS CONDITIONS.
Activities or mission (Part I)
PROMOTE AND ENCOURAGE THE CREATION OF JOBS IN THE CENTRAL KENTUCKY AREA
-
PROMOTE AND ENCOURAGE THE CREATION OF JOBS IN THE CENTRAL KENTUCKY AREA.
Expenses $90,000 · Grants $90,000
As filed on the 2022 return.
Listed in Part VII
-
Job D Darby TurnerJOB D DARBY TURNER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
Robert M HewittROBERT M HEWITT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
Harry Richart IIIHARRY RICHART III
TREASURER
- Total calculated
- $0
- Hours/week
- 0.2
-
Robert L QuickROBERT L QUICK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.2
-
Ann B BakhausANN B BAKHAUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
John GohmannJOHN GOHMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Ed HolmesED HOLMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Kimra ColeKIMRA COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Luther DeatonLUTHER DEATON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Mira BallMIRA BALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Nick RoweNICK ROWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Paula C HansonPAULA C HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Adam SmithADAM SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Tim HaymakerTIM HAYMAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Wayne MartinWAYNE MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Herb MillerHERB MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
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
-
SUPPORT FOR THE MISSION TO PROMOTE ECONOMIC DEVELOPMENT AND EXPANSION IN LEXINGTON
-
SUPPORT FOR THE MISSION TO PROMOTE ECONOMIC DEVELOPMENT AND EXPANSION IN LEXINGTON
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 February 2023
- IRS schema version
- 2022v4.1
- Source object
- 202310459349302336
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.