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Nonprofiteer
← LEXINGTON FOUNDATION INC

Form 990 for tax year 2023

Filed by LEXINGTON FOUNDATION INC.

Totals

Total revenue
$2,040,373
Total expenses
$1,965,559
Contributions and grants received
$585,122
Grants paid
$0
Program service revenue
$630,464
Investment income
$361,871
Other revenue
$462,916
Total assets, end of year
$17,112,555
Total liabilities, end of year
$2,563,724
Net assets or fund balances, end of year
$14,548,831
Program services expenses (Part IX)
$1,853,848
Management and general expenses
$103,196
Fundraising expenses
$8,515
Program service expenses (Part III)
$1,853,848

Program services were 94.3% 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.

  • 1b · Membership dues

    $13,416

  • 1f · All other contributions, gifts and grants

    $571,706

  • 2a · Program service revenue: TRANSITIONS

    total $470,333 · related or exempt $470,333

  • 2b · Program service revenue: PAUL NIGRA CENTER FOR CREATIVE AR

    total $146,620 · related or exempt $146,620

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $13,511 · related or exempt $13,511

  • 3 · Investment income

    total $321,675 · excluded $321,675

  • 6a · Gross rents

    real property $401,638

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $401,638

  • 6d · Net rental income or loss

    total $401,638 · related or exempt $401,638

  • 7a · Gross sales of assets other than inventory

    securities $1,888,223

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

    securities $1,848,027

  • 7c · Gain or loss

    securities $40,196

  • 7d · Net gain or loss

    total $40,196 · excluded $40,196

  • 8a · Fundraising events: gross income

    $101,364

  • 8b · Fundraising events: direct expenses

    $40,086

  • 8c · Net income from fundraising events

    total $61,278 · excluded $61,278

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $282,278 · program services $263,074 · management and general $16,614 · fundraising $2,590

  • 8 · Pension plan contributions

    total $14,948 · program services $14,948

  • 9 · Other employee benefits

    total $65,455 · program services $65,455

  • 10 · Payroll taxes

    total $24,405 · program services $17,279 · management and general $6,168 · fundraising $958

  • 11g · Fees: other

    total $286,833 · program services $282,136 · management and general $4,697

  • 20 · Interest

    total $42,560 · program services $40,055 · management and general $2,505

  • 22 · Depreciation, depletion and amortization

    total $250,718 · program services $235,964 · management and general $14,754

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $379,796 · program services $357,446 · management and general $22,350

  • 24b · Other expenses: RENT

    total $159,422 · program services $150,040 · management and general $9,382

  • 24c · Other expenses: BUILDING/EQUIPMENT REPA

    total $144,545 · program services $136,039 · management and general $8,506

  • 24d · Other expenses: OTHER OPERATING EXPENSE

    total $129,276 · program services $116,994 · management and general $7,315 · fundraising $4,967

  • 24e · All other expenses

    total $185,323 · program services $174,418 · management and general $10,905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,073,947 · end of year $1,190,706

  • 3 · Pledges and grants receivable

    beginning of year $31,353 · end of year $12,257

  • 4 · Accounts receivable

    beginning of year $153,676 · end of year $165,249

  • 10a · Land, buildings and equipment: cost or other basis

    $4,525,412

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,572,129

  • 10c · Land, buildings and equipment, net

    beginning of year $2,904,355 · end of year $2,953,283

  • 11 · Investments: publicly traded securities

    beginning of year $9,996,388 · end of year $11,990,632

  • 12 · Investments: other securities

    beginning of year $302,999 · end of year $323,857

  • 15 · Other assets

    beginning of year $580,661 · end of year $476,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,908 · end of year $106,126

  • 19 · Deferred revenue

    beginning of year $35,995 · end of year $13,585

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $875,543 · end of year $1,444,013

  • 27 · Net assets without donor restrictions

    beginning of year $12,897,417 · end of year $14,399,815

  • 28 · Net assets with donor restrictions

    beginning of year $143,516 · end of year $149,016

Mission and programs · 2023

Mission

TO SUPPORT LEXINGTON IN ITS MISSION TO EMPOWER PEOPLE WITH AUTISM AND DEVELOPMENTAL DISABILITIES TO LIVE THEIR BEST LIVES, EVERY DAY, BY PARTNERING WITH THEIR FAMILIES, OUR EMPLOYEES AND OUR COMMUNITY. THE LEXINGTON FOUNDATION WAS CREATED FOR THE PURPOSE OF ENSURING THAT THE COMMITMENT TO PEOPLE WITH AUTISM AND DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES IS SUSTAINED THROUGH LONG-TERM FINANCIAL SUPPORT. FUNDS RAISED BY THE FOUNDATION ARE USED TO SUPPORT PROGRAMS AND SERVICES, PURCHASE SPECIALIZED EQUIPMENT, AND SPONSER EDUCATIONAL AND RECREATIONAL PROGRAMS.

  • FOUNDATION PROPERTY HOLDER - THE LEXINGTON FOUNDATION, INC. (THROUGH FULTON COUNTY) APPLIED FOR AND WAS AWARDED A COMMUNITY DEVELOPMENT BLOCK GRANT TO PURCHASE AND RENOVATE A BUILDING IN MAYFIELD, NEW YORK TO BE USED AS AN ARTS FACILITY KNOWN AS THE NIGRA ARTS CENTER. THE BUILDING HOUSES THE PAUL NIGRA CENTER FOR CREATIVE ARTS AND TRANSITIONS PROGRAMS.

    Expenses $999,487 · Revenue $401,638

  • TRANSITIONS - TRANSITIONS, LAUNCHED IN 2015, IS A PROJECT OF THE LEXINGTON FOUNDATION, INC. IT IS A SUPPORTIVE APPRENTICESHIP PROGRAM FOR YOUNG MEN AND WOMEN WITH AUTISM SPECTRUM DISORDERS AND OTHER LEARNING DIFFERENCES. TRANSITIONS HELPS THOSE WHO WANT TO ATTEND COLLEGE AND/OR PREPARE FOR A CAREER, BUT MAY REQUIRE ACADEMIC, SOCIAL, MEDICAL AND/OR EMOTIONAL SUPPORT TO BE SUCCESSFUL. TRANSITIONS FOCUSES ON BUILDING ACADEMIC SKILLS, LIFE SKILLS AND GENERAL INDEPENDENCE FOR HIGH SCHOOL GRADUATES AND YOUNG ADULTS WITH LEARNING DIFFERENCES. ITS EVIDENCE-BASED CURRICULUM COVERS SOCIAL SKILLS, HEALTH AND WELLNESS, INDEPENDENT LIFE, SELF-MANAGEMENT, AND SELF-ADVOCACY AND LEADERSHIP ALL ESSENTIAL SKILLS THAT, ONCE MASTERED, WILL STEER THE APPRENTICES TOWARD SUCCESS IN COLLEGE, THE WORKPLACE AND LIVING ON THEIR OWN. THE PROGRAM ALSO OFFERS DIRECT SUPPORT TO APPRENTICES WHO ARE ENROLLED IN COLLEGE AND TO THOSE WHO ARE EMPLOYED.

    Expenses $431,583 · Revenue $470,333

  • PAUL NIGRA CENTER FOR CREATIVE ARTS - THE MISSION OF THE PAUL NIGRA CENTER FOR CREATIVE ARTS IS TO PROVIDE A CREATIVE EDUCATION RESOURCE FOR PEOPLE OF ALL AGES AND ABILITIES WHILE CELEBRATING THE ARTS THROUGH CLASSES, ENTERTAINMENT, EXHIBITIONS AND SPECIAL EVENTS. ADDITIONALLY, THE CENTER IS COMMITTED TO OFFERING ACCESSIBLE ART PROGRAMS FOR ADULTS AND CHILDREN WITH DEVELOPMENTAL AND PHYSICAL DIFFERENCES. THE CENTER IS OPEN YEAR-ROUND TO ALL MEMBERS OF THE COMMUNITY. OFFERINGS INCLUDE FUN FAMILY EVENTS, EDUCATIONAL OPPORTUNITIES, ARTS PROGRAMMING. THE VERY BEST OF LOCAL TALENT IS DEDICATED TO MAKING THIS CENTER A DYNAMIC PLACE TO LEARN ABOUT THE ARTS AND CONTRIBUTUE TO THE CREATIVE COMMUNITY OF THE ADIRONDACK MOUNTAINS.

    Expenses $271,763 · Revenue $146,620

  • Expenses $151,015

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Judy Schelle

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 11.5 related

  • Lisa McCoy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • Joe Magliocca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cathy Baxter

    SECRETARY

    Total calculated
    $10,329
    From this org
    $0
    From related orgs
    $10,270
    Other
    $59
    Hours/week
    1 + 23 related

  • George Wallace Hart

    EXECUTIVE DIRECTOR

    Total calculated
    $81,548
    From this org
    $0
    From related orgs
    $70,942
    Other
    $10,606
    Hours/week
    2 + 18 related

  • Jamie Petrin

    TREASURER

    Total calculated
    $190,553
    From this org
    $0
    From related orgs
    $158,455
    Other
    $32,098
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,255 related
    Bonus
    $0 + $4,200 related
    Other
    $0
    Deferred
    $0 + $9,573 related
    Nontaxable benefits
    $0 + $22,525 related
    Filer's total
    $0 + $190,553 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
GEORGE WALLACE HART - $6,376

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202422829349301667

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