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Lexington School INC

Tax-deductible

Lexington, KY501(c)(3)Since 1959EducationEIN 61-0563291Revenue $21.3M in FY2025

On file with the IRSthelexingtonschool.org1050 Lane Allen Rd, 40504-2018 · Lexington, KYTax-exempt since Apr 1962School — 170(b)(1)(A)(ii)

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The Lexington School provides an education of the highest quality to students in preschool through middle School. In a structured, nurturing environment, the Lexington School seeks to instill integrity, a joyful pursuit of learning, and a strong work ethic.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 200 volunteers and 231 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.2M a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 6% of spending
Top officer’s pay higher than 87% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.6M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.3M
-16% vs prior year
Spent
$21.6M
To programs
79%
Net assets
$76.7M
By yearFY2021–FY2025
Revenue
$21.3M
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$20.3M
FY2022$18.6M
FY2023$19.9M
FY2024$25.4M
FY2025$21.3M
Expenses
$21.6M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$18.1M
FY2022$18.9M
FY2023$20.0M
FY2024$20.9M
FY2025$21.6M
Net assets
$76.7M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$68.8M
FY2022$59.6M
FY2023$65.8M
FY2024$72.0M
FY2025$76.7M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Apr 1962.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $17.0M Management & general 19% · $4.1M Fundraising 2% · $502K

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

28 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Una McCarthy
Head of School
$476,827Pt VII · Sec A
$242,171Pt VII · Sec A
Timothy Alford
Head of Middle School
$226,275Pt VII · Sec A
Jennie Anderson
Head of Preschool
$194,070Pt VII · Sec A
Geriann Blevins
Director of Admission
$184,481Pt VII · Sec A
Marlene Helm
Board Member
$0Pt VII · Sec A
Headley Butler
Board Member
$0Pt VII · Sec A
Dionne Jenkins
Board Member
$0Pt VII · Sec A

Una McCarthy’s $477K as Head of School is at the 87th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Una McCarthy$476,827$334,457$315,308$302,647$267,877
Susan O'Brien$242,171$238,789$204,084$185,412$174,325
Timothy Alford$226,275$212,483$214,612$158,773—
Jennie Anderson$194,070$206,196$214,988——
Geriann Blevins$184,481—$179,496$153,256—
Amanda Sarratore—$177,412———
Amanda Hale———$145,917—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Educates 603 students through various educational programs.

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Provided by the organization

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1 program · $17.0M · in their own filed words · FY2024
01

Educational Activities

617 students enrolled

$17.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Alex Boone Charitable FoundationFY2025$4K
Total grants receivedfrom 1 funder$4K
Grants paid · 10 grants · $13.7M · 2020–2024
Unitemized GrantFY2024$2,578,076
Unitemized GrantFY2024$180,167
Unitemized GrantFY2023$2,670,428
Unitemized GrantFY2023$170,775
Unitemized GrantFY2022$2,584,958
Unitemized GrantFY2022$164,561
Unitemized GrantFY2021$2,486,712
Unitemized GrantFY2021$168,891
Unitemized GrantFY2020$2,507,350
Unitemized GrantFY2020$157,839

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$21.3M
Ln 12
Fees for servicesLn 2g$17.6M
Investment incomeLn 3$1.8M
Gifts and grantsLn 1h$1.4M
Money outPt IX
$21.6M
Ln 25
Programscol B$17.0M
Managementcol C$4.1M
Fundraisingcol D$502K
Owns and owesPt X
$76.7M
net assets · Ln 32
Cash and savingsLn 1–2$6.0M
Total assetsLn 16$89.3M
LiabilitiesLn 26$12.6M
PeoplePt VI, VII
28
listed · VII A
PaidVII A5
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$17.6M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$553K
Gains on assetsLn 7$951K
Total revenueLn 12$21.3M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$6.0M
InvestmentsLn 11–13$63.9M
Land, buildings, equipmentLn 10c$18.8M
Total assetsLn 16$89.3M
LiabilitiesLn 26$12.6M
Net assetsLn 32$76.7M
OperationsPt I, VI
EmployeesI 5231
VolunteersI 6200
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$5.1M$6.0M
InvestmentsLn 11–13$58.8M$63.9M
Land, buildings, equipmentLn 10c$19.6M$18.8M
Total assetsLn 16$84.2M$89.3M
LiabilitiesLn 26$12.2M$12.6M
Net assetsLn 32$72.0M$76.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.8M$2.8M
Other salaries and wagesLn 7$8.9M$6.4M$2.6M
Pension plan contributionsLn 8$558K$398K$160K
Other employee benefitsLn 9$1.8M$1.3M$511K
Payroll taxesLn 10$658K$470K$189K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$67K$67K
Other fees for servicesLn 11g$63K$63K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$98K$68K$25K$4K
Information technologyLn 14$427K$427K
OccupancyLn 16$1.2M$1.2M
TravelLn 17$347$341$6
Conferences, conventions and meetingsLn 19$81K$29K$53K
InterestLn 20$340K$340K
Depreciation, depletion and amortizationLn 22$1.6M$1.6M
InsuranceLn 23$257K$257K
Other expenses (24a–d)Ln 24$1.7M$1.4M$76K$268K
All other expensesLn 24e$1.1M$726K$96K$230K
Total functional expensesLn 25$21.6M$17.0M$4.1M$502K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $21.3M$21.6M−$351K$76.7M 990 PDF
FY2024 $25.4M$20.9M$4.5M$72.0M 990 PDF
FY2023 $19.9M$20.0M−$61K$65.8M 990 PDF
FY2022 $18.6M$18.9M−$338K$59.6M 990 PDF
FY2021 $20.3M$18.1M$2.2M$68.8M 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 FY2025 990 (6 parts)
Part I · Summary $21,280,233 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,591,196$1,376,686
I-9 Program service revenuePrior year $16,517,206$17,569,365
I-10 Investment incomePrior year $6,725,835$1,780,732
I-11 Other revenuePrior year $519,871$553,450
I-12 Total revenuePrior year $25,354,108$21,280,233
I-13 Grants and similar amounts paidPrior year $2,861,800$2,784,038
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,068,106$11,940,851
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,964,984$6,906,321
I-18 Total expensesPrior year $20,894,890$21,631,210
I-19 Revenue less expensesPrior year $4,459,218−$350,977
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsYes
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 $21,280,233 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,376,686
VIII-1h Total contributions, gifts and grants$1,376,686
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,569,365$17,569,365
VIII-3 Investment incomeExcluded from tax $829,601$829,601
VIII-7 Net gain or loss on sales of assetsRelated to mission $951,131$951,131
VIII-8 Net income from fundraising eventsExcluded from tax $553,450$553,450
VIII-12 Total revenueRelated to mission $18,520,496 · Unrelated business $0 · Excluded from tax $1,383,051$21,280,233
Part IX · Statement of functional expenses $21,631,210 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $2,784,038$2,784,038
IX-7 Other salaries and wagesPrograms $6,378,678 · Management $2,562,607$8,941,285
IX-8 Pension plan contributionsPrograms $398,186 · Management $160,280$558,466
IX-9 Other employee benefitsPrograms $1,272,147 · Management $510,769$1,782,916
IX-10 Payroll taxesPrograms $469,546 · Management $188,638$658,184
IX-11b Legal feesManagement $6,557$6,557
IX-11c Accounting feesManagement $66,941$66,941
IX-11g Other fees for servicesManagement $63,351$63,351
IX-12 Advertising and promotionManagement $22,701$22,701
IX-13 Office expensesPrograms $68,232 · Management $25,437 · Fundraising $3,901$97,570
IX-14 Information technologyPrograms $427,160$427,160
IX-16 OccupancyPrograms $1,178,594$1,178,594
IX-17 TravelPrograms $341 · Management $6$347
IX-19 Conferences, conventions and meetingsPrograms $28,624 · Management $52,564$81,188
IX-20 InterestPrograms $340,073$340,073
IX-22 Depreciation, depletion and amortizationPrograms $1,570,446$1,570,446
IX-23 InsuranceManagement $256,538$256,538
IX-24 Other expenses (24a–d)Programs $1,398,560 · Management $76,193 · Fundraising $267,969$1,742,722
IX-24e All other expensesPrograms $726,499 · Management $95,891 · Fundraising $229,743$1,052,133
IX-25 Total functional expensesPrograms $17,041,124 · Management $4,088,473 · Fundraising $501,613$21,631,210
Part X · Balance sheet $89,289,019 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,929,686$2,631,805
X-2 Savings and temporary cash investmentsStart of year $2,144,380$3,342,271
X-3 Pledges and grants receivableStart of year $354,222$164,816
X-4 Accounts receivableStart of year $3,021$112,812
X-9 Prepaid expenses and deferred chargesStart of year $321,364$386,819
X-10c Land, buildings and equipment, netStart of year $19,634,742$18,788,198
X-11 Publicly traded securitiesStart of year $50,835,552$54,553,547
X-12 Other securitiesStart of year $7,945,261$9,308,751
X-16 Total assetsStart of year $84,168,228$89,289,019
X-17 Accounts payable and accrued expensesStart of year $587,058$637,274
X-19 Deferred revenueStart of year $1,431,870$1,636,684
X-20 Tax-exempt bond liabilitiesStart of year $9,546,190$9,155,716
X-25 Other liabilitiesStart of year $623,466$1,134,272
X-26 Total liabilitiesStart of year $12,188,584$12,563,946
X-27 Net assets without donor restrictionsStart of year $42,293,131$45,422,611
X-28 Net assets with donor restrictionsStart of year $29,686,513$31,302,462
X-32 Total net assets or fund balancesStart of year $71,979,644$76,725,073
X-33 Total liabilities and net assetsStart of year $84,168,228$89,289,019
Part XI · Reconciliation of net assets $76,725,073 net assets at year end
XI-1 Total revenue$21,280,233
XI-2 Total expenses$21,631,210
XI-3 Revenue less expenses−$350,977
XI-4 Net assets at start of year$71,979,644
XI-5 Net unrealized gains (losses) on investments$5,096,406
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$76,725,073

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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