Lexington Concours INC FY2023 filing

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

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
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
$155K
-12% vs prior year
Spent
$163K
To programs
58%
Net assets
$23K
By yearFY2020–FY2024
Revenue
$155K
FY2023▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020−$2K
FY2022$177K
FY2023$155K
FY2024$126K
Expenses
$163K
FY2023▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2022$193K
FY2023$163K
FY2024$136K
Net assets
$23K
FY2023▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$38K
FY2022$31K
FY2023$23K
FY2024$5K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

58 cents of each dollar spent went to programs.

Program services 58% · $94K Management & general 16% · $25K Fundraising 26% · $43K

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

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 →

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.

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1 program · $94K · in their own filed words · FY2023
01

The organization provides grants to the university of kentucky children's hospital each year. For tax year 2023, they were awarded $60,000.

$94Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$155K
Ln 12
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$67K
Money outPt IX
$163K
Ln 25
Programscol B$94K
Managementcol C$25K
Fundraisingcol D$43K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$23K
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$88K
Fundraising eventsLn 1c$88K
Other incomeLn 4–11$67K
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
InvestmentsLn 11–13$551
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$23K
LiabilitiesLn 26$0
Net assetsLn 32$23K
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 FY23End FY23
Cash and savingsLn 1–2$28K$21K
InvestmentsLn 11–13$551$551
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$31K$23K
LiabilitiesLn 26$0$0
Net assetsLn 32$31K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Advertising and promotionLn 12$36K$36K
Office expensesLn 13$30K$24K$6K
InsuranceLn 23$2K$1K$317
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$163K$94K$25K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $126K$136K−$10K$5K 990 PDF
FY2023 ViewingFiled with the IRS Nov 7, 2024 $155K$163K−$7K$23K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $177K$193K−$16K$31K 990 PDF
FY2021 Not on file
FY2020Filed with the IRS Nov 15, 2021 −$2K$37K−$39K$38K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $155,204 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,000$87,856
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $118,993$67,348
I-12 Total revenuePrior year $176,993$155,204
I-13 Grants and similar amounts paidPrior year $100,000$60,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $93,017$102,526
I-18 Total expensesPrior year $193,017$162,526
I-19 Revenue less expensesPrior year −$16,024−$7,322
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $155,204 across 5 lines filed
Lines not itemized here account for $89,431 of total revenue; see the IRS return.
VIII-1c Fundraising events$87,856
VIII-1h Total contributions, gifts and grants$87,856
VIII-8 Net income from fundraising eventsExcluded from tax −$45,029−$45,029
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $22,946$22,946
VIII-12 Total revenueRelated to mission $0 · Unrelated business $22,946 · Excluded from tax $44,402$155,204
Part IX · Statement of functional expenses $162,526 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $60,000$60,000
IX-12 Advertising and promotionFundraising $36,362$36,362
IX-13 Office expensesManagement $24,110 · Fundraising $6,027$30,137
IX-23 InsuranceManagement $1,270 · Fundraising $317$1,587
IX-24 Other expenses (24a–d)Programs $34,440$34,440
IX-25 Total functional expensesPrograms $94,440 · Management $25,380 · Fundraising $42,706$162,526
Part X · Balance sheet $23,316 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $27,647$21,325
X-4 Accounts receivableStart of year $2,440$1,440
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $551$551
X-16 Total assetsStart of year $30,638$23,316
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $30,638$23,316
X-33 Total liabilities and net assetsStart of year $30,638$23,316
Part XI · Reconciliation of net assets $23,316 net assets at year end
XI-1 Total revenue$155,204
XI-2 Total expenses$162,526
XI-3 Revenue less expenses−$7,322
XI-4 Net assets at start of year$30,638
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,316

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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