Lexington Concours INC

Tax-deductible

Lexington, KY501(c)(3)Health CareEIN 20-1527996

Make donations to university of kentucky's children's hospital, a 501(c)(3) organization.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
0 of 4
filings with a surplus
Average deficit $18K a year · 16% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$126K
-19% vs prior year
Spent
$136K
To programs
55%
Net assets
$5K
By yearFY2020–FY2024
Revenue
$126K
FY2024▼ -19%
Revenue by fiscal year
FY2020−$2K
FY2022$177K
FY2023$155K
FY2024$126K
Expenses
$136K
FY2024▼ -16%
Expenses by fiscal year
FY2020$37K
FY2022$193K
FY2023$163K
FY2024$136K
Net assets
$5K
FY2024▼ -80%
Net assets by fiscal year
FY2020$38K
FY2022$31K
FY2023$23K
FY2024$5K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2004.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $75K Management & general 34% · $47K Fundraising 11% · $14K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
CEO/ Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lexington Concours 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds children's hospital care and programs.

Provided by the organization

This section is blank until Lexington Concours INC claims this page.

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1 program service account for $75K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides grants to the university of kentucky children's hospital each year.

$75Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $230K · 2022–2024
University of Kentucky Children's HospitalFY2024$70,150
University of Kentucky Children's HospitalFY2023$60,000
University of Kentucky Children's HospitalFY2022$100,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$126K
Ln 12
Gifts and grantsLn 1h$61K
Other incomeLn 4–11$58K
Investment incomeLn 3$8K
Money outPt IX
$136K
Ln 25
Programscol B$75K
Managementcol C$47K
Fundraisingcol D$14K
Owns and owesPt X
$5K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$5K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61K
Fundraising eventsLn 1c$61K
Investment incomeLn 3$8K
Other incomeLn 4–11$58K
Gains on assetsLn 7$8K
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$5K
LiabilitiesLn 26$0
Net assetsLn 32$5K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$21K$5K
InvestmentsLn 11–13$551$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$23K$5K
LiabilitiesLn 26$0$0
Net assetsLn 32$23K$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$57K$46K$11K
Information technologyLn 14$69$69
TravelLn 17$513$513
Conferences, conventions and meetingsLn 19$207$207
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$2K$1K$308
Other expenses (24a–d)Ln 24$94$94
Total functional expensesLn 25$136K$75K$47K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $126K$136K−$10K$5K 990 PDF
FY2023 $155K$163K−$7K$23K 990 PDF
FY2022 $177K$193K−$16K$31K 990 PDF
FY2021 Not on file
FY2020 −$2K$37K−$39K$38K 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 (4 parts)
Part VIII · Statement of revenue $126,085 across 6 lines filed
Lines not itemized here account for $69,561 of total revenue; see the IRS return.
VIII-1c Fundraising events$60,525
VIII-1h Total contributions, gifts and grants$60,525
VIII-3 Investment incomeExcluded from tax $12$12
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,500$7,500
VIII-8 Net income from fundraising eventsExcluded from tax −$11,513−$11,513
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $65,560$126,085
Part IX · Statement of functional expenses $136,104 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $70,150$70,150
IX-12 Advertising and promotionFundraising $2,587$2,587
IX-13 Office expensesManagement $45,600 · Fundraising $11,400$57,000
IX-14 Information technologyPrograms $69$69
IX-17 TravelPrograms $513$513
IX-19 Conferences, conventions and meetingsPrograms $207$207
IX-22 Depreciation, depletion and amortizationPrograms $3,945$3,945
IX-23 InsuranceManagement $1,231 · Fundraising $308$1,539
IX-24 Other expenses (24a–d)Programs $94$94
IX-25 Total functional expensesPrograms $74,978 · Management $46,831 · Fundraising $14,295$136,104
Part X · Balance sheet $4,653 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $21,325$4,653
X-4 Accounts receivableStart of year $1,440$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $551$0
X-16 Total assetsStart of year $23,316$4,653
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $23,316$4,653
X-33 Total liabilities and net assetsStart of year $23,316$4,653
Part XI · Reconciliation of net assets $4,653 net assets at year end
XI-1 Total revenue$126,085
XI-2 Total expenses$136,104
XI-3 Revenue less expenses−$10,019
XI-4 Net assets at start of year$23,316
XI-8 Prior period adjustments$4,067
XI-9 Other changes in net assets−$12,711
XI-10 Net assets at end of year$4,653

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

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