Form 990 for tax year 2023

Filed by LEXINGTON PHILHARMONIC SOCIETY INC.

Totals

Total revenue: $1,058,181
Total expenses: $1,169,869
Contributions and grants received: $644,227
Grants paid: $0
Program service revenue: $413,950
Investment income: $366
Other revenue: -$362
Total assets, end of year: $52,477
Total liabilities, end of year: $216,379
Net assets or fund balances, end of year: -$163,902
Program services expenses (Part IX): $882,036
Management and general expenses: $209,244
Fundraising expenses: $78,589
Program service expenses (Part III): $882,036

Program services were 75.4% 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

$242,539
1e · Government grants (contributions)

$17,920
1f · All other contributions, gifts and grants

$383,768
2a · Program service revenue: CONCERT AND PROGRAM RE

total $408,153 · related or exempt $408,153
2b · Program service revenue: OTHER REVENUE

total $5,797 · related or exempt $5,797
3 · Investment income

total $366 · excluded $366
8a · Fundraising events: gross income

$4,195
8b · Fundraising events: direct expenses

$4,557
8c · Net income from fundraising events

total -$362 · excluded -$362

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $92,722 · program services $18,620 · management and general $37,051 · fundraising $37,051
7 · Other salaries and wages

total $578,962 · program services $540,307 · management and general $14,348 · fundraising $24,307
9 · Other employee benefits

total $97,738 · program services $64,253 · management and general $25,159 · fundraising $8,326
10 · Payroll taxes

total $44,985 · program services $36,357 · management and general $3,942 · fundraising $4,686
11b · Fees: legal

total $18,615 · management and general $18,615
11g · Fees: other

total $47,843 · management and general $47,843
12 · Advertising and promotion

total $43,893 · program services $43,893
13 · Office expenses

total $7,644 · management and general $4,005 · fundraising $3,639
16 · Occupancy

total $50,037 · program services $40,377 · management and general $9,660
17 · Travel

total $5,358 · program services $5,358
20 · Interest

total $2,480 · management and general $2,480
23 · Insurance

total $13,500 · program services $4,409 · management and general $9,091
24a · Other expenses: OTHER

total $60,842 · program services $32,272 · management and general $27,990 · fundraising $580
24b · Other expenses: ARTIST FEES AND EXPENSE

total $59,512 · program services $59,512
24c · Other expenses: EQUIPMENT REPAIR & MAIN

total $22,268 · program services $13,208 · management and general $9,060
24d · Other expenses: TICKET AND BOX OFFICE

total $13,227 · program services $13,227
24e · All other expenses

total $10,243 · program services $10,243

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $50,214 · end of year $486
4 · Accounts receivable

beginning of year $45,719 · end of year $35,450
9 · Prepaid expenses and deferred charges

beginning of year $12,799 · end of year $16,541
10a · Land, buildings and equipment: cost or other basis

$62,450
10b · Land, buildings and equipment: accumulated depreciation

$62,450
10c · Land, buildings and equipment, net

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

beginning of year $11,789 · end of year $10,590
19 · Deferred revenue

beginning of year $42,157 · end of year $52,610
25 · Other liabilities

beginning of year $107,000 · end of year $153,179
27 · Net assets without donor restrictions

beginning of year -$72,214 · end of year -$183,902
28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 $882,036 · Revenue $413,950

As filed on the 2023 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
Jean ScottJEAN SCOTT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jim BaldridgeJIM BALDRIDGE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Brooke RabyBROOKE RABY

EXECUTIVE DIRECTOR

Total calculated

$18,102

From this org

$18,102

From related orgs

$0

Other

$0

Hours/week

40
Allison KaiserALLISON KAISER

EXECUTIVE DIRECTOR

Total calculated

$76,226

From this org

$76,226

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: 2023
Filed: 13 November 2024
IRS schema version: 2023v5.1
Source object: 202413199349307976

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