Lexington Foundation INC

Tax-deductible

Johnstown, NY501(c)(3)Human ServicesEIN 14-1689110Revenue $5.3M in FY2024

On file with the IRSthearclexingtonfoundation.org465 N Perry St, 12095-1014 · Johnstown, NYTax-exempt since Feb 1995Publicly supported charity — 170(b)(1)(A)(vi)

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To support Lexington center in providing the best possible service to people with developmental disabilities and their families, be the best possible employer for our employees and contribute to the good of the communities where services are provided. The Lexington Foundation was created for the purpose of ensuring that the committment to children and adults with 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.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 42% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+160% vs prior year
Spent
$2.0M
To programs
92%
Net assets
$17.6M
By yearFY2020–FY2024
Revenue
$5.3M
FY2024▲ +160%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$2.1M
FY2022$2.9M
FY2023$2.0M
FY2024$5.3M
Expenses
$2.0M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$1.1M
FY2023$2.0M
FY2024$2.0M
Net assets
$17.6M
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.1M
FY2021$13.2M
FY2022$13.0M
FY2023$14.5M
FY2024$17.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.9M Management & general 7% · $148K Fundraising 1% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Lexington Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds programs and services for people with developmental disabilities and their families.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2024
01

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.

$854Kprogram expense
02

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.

$504Kprogram expense
03

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.

$355Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Investment incomeLn 3$3.4M
Gifts and grantsLn 1h$679K
Fees for servicesLn 2g$657K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.9M
Managementcol C$148K
Fundraisingcol D$22K
Owns and owesPt X
$17.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$19.6M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$679K
Fees for servicesLn 2g$657K
Investment incomeLn 3$3.4M
Other incomeLn 4–11$604K
Gains on assetsLn 7$3.0M
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$4.5M
Cash and savings togetherLn 1–2$4.5M
InvestmentsLn 11–13$11.9M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$365K
Total assetsLn 16$19.6M
LiabilitiesLn 26$2.0M
Net assetsLn 32$17.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$4.5M
InvestmentsLn 11–13$12.3M$11.9M
Land, buildings, equipmentLn 10c$3.0M$2.7M
Total assetsLn 16$17.1M$19.6M
LiabilitiesLn 26$2.6M$2.0M
Net assetsLn 32$14.5M$17.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$435K$400K$32K$3K
Pension plan contributionsLn 8$14K$14K
Other employee benefitsLn 9$78K$78K
Payroll taxesLn 10$39K$28K$10K$952
Other fees for servicesLn 11g$122K$113K$9K
InterestLn 20$46K$43K$3K
Depreciation, depletion and amortizationLn 22$269K$249K$20K
Other expenses (24a–d)Ln 24$848K$769K$61K$18K
All other expensesLn 24e$190K$176K$14K
Total functional expensesLn 25$2.0M$1.9M$148K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.3M$2.0M$3.3M$17.6M 990 PDF
FY2023 $2.0M$2.0M$75K$14.5M 990 PDF
FY2022 $2.9M$1.1M$1.8M$13.0M 990 PDF
FY2021 $2.1M$1.6M$484K$13.2M 990 PDF
FY2020 $1.4M$1.2M$132K$12.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,310,066 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $585,122$678,822
I-9 Program service revenuePrior year $630,464$656,923
I-10 Investment incomePrior year $361,871$3,370,272
I-11 Other revenuePrior year $462,916$604,049
I-12 Total revenuePrior year $2,040,373$5,310,066
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $387,086$565,098
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,578,473$1,475,121
I-18 Total expensesPrior year $1,965,559$2,040,219
I-19 Revenue less expensesPrior year $74,814$3,269,847
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,310,066 across 9 lines filed
VIII-1b Membership dues$12,289
VIII-1f All other contributions, gifts and grants$666,533
VIII-1h Total contributions, gifts and grants$678,822
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $656,923$656,923
VIII-3 Investment incomeExcluded from tax $342,130$342,130
VIII-6 Net rental income or lossRelated to mission $553,433$553,433
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,028,142$3,028,142
VIII-8 Net income from fundraising eventsExcluded from tax $50,616$50,616
VIII-12 Total revenueRelated to mission $1,210,356 · Unrelated business $0 · Excluded from tax $3,420,888$5,310,066
Part IX · Statement of functional expenses $2,040,219 across 9 lines filed
IX-7 Other salaries and wagesPrograms $399,525 · Management $31,874 · Fundraising $3,176$434,575
IX-8 Pension plan contributionsPrograms $13,990$13,990
IX-9 Other employee benefitsPrograms $77,997$77,997
IX-10 Payroll taxesPrograms $28,011 · Management $9,573 · Fundraising $952$38,536
IX-11g Other fees for servicesPrograms $113,132 · Management $8,954$122,086
IX-20 InterestPrograms $43,089 · Management $3,410$46,499
IX-22 Depreciation, depletion and amortizationPrograms $249,192 · Management $19,723$268,915
IX-24 Other expenses (24a–d)Programs $769,283 · Management $60,887 · Fundraising $17,516$847,686
IX-24e All other expensesPrograms $176,005 · Management $13,930$189,935
IX-25 Total functional expensesPrograms $1,870,224 · Management $148,351 · Fundraising $21,644$2,040,219
Part X · Balance sheet $19,587,737 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,190,706$4,489,737
X-3 Pledges and grants receivableStart of year $12,257$180
X-4 Accounts receivableStart of year $165,249$139,254
X-10c Land, buildings and equipment, netStart of year $2,953,283$2,726,226
X-11 Publicly traded securitiesStart of year $11,990,632$11,537,658
X-12 Other securitiesStart of year $323,857$329,465
X-15 Other assetsStart of year $476,571$365,217
X-16 Total assetsStart of year $17,112,555$19,587,737
X-17 Accounts payable and accrued expensesStart of year $106,126$73,958
X-19 Deferred revenueStart of year $13,585$135,040
X-25 Other liabilitiesStart of year $1,444,013$783,363
X-26 Total liabilitiesStart of year $2,563,724$1,992,361
X-27 Net assets without donor restrictionsStart of year $14,399,815$17,442,717
X-28 Net assets with donor restrictionsStart of year $149,016$152,659
X-32 Total net assets or fund balancesStart of year $14,548,831$17,595,376
X-33 Total liabilities and net assetsStart of year $17,112,555$19,587,737
Part XI · Reconciliation of net assets $17,595,376 net assets at year end
XI-1 Total revenue$5,310,066
XI-2 Total expenses$2,040,219
XI-3 Revenue less expenses$3,269,847
XI-4 Net assets at start of year$14,548,831
XI-5 Net unrealized gains (losses) on investments−$223,302
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,595,376

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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