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Lexington Fund

Vienna, VAUnknown exempt organizationEIN 99-0600559

The Corporation is established primarily to further the common good and general welfare of the citizens of the United States of America through public education and advocacy related to the importance of institutions.

13¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
Spent on programs
13%
of spending
Concern: 13% of spending went to programs; under 50%.
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
Named funders
2
named funders · $14.9M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$305K
Spent
$295K
To programs
13%
Net assets
$10K
By yearFY2023–FY2024
Revenue
$305K
FY2024
Revenue by fiscal year
FY2023$0
FY2024$305K
Net assets
$10K
FY2024
Net assets by fiscal year
FY2023$0
FY2024$10K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

13 cents of each dollar spent went to programs.

Program services 13% · $40K Management & general 46% · $137K Fundraising 40% · $119K

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
Oramel H Skinner
Director, President
$0Pt VII · Sec A
Annie Talley
Director, Secretary
$0Pt VII · Sec A
Beau Roysden
Director, Treasurer (beginning Dec 2024)
$0Pt VII · Sec A
See Lexington Fund 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 15aNo

Programs and updates

Educates and advocates for the importance of institutions to improve public welfare.

Provided by the organization

This section is blank until Lexington Fund claims this page.

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1 program service account for $40K of program spending, described in the organization's own filed words · FY2024.
01

The organization undertook activities to educate the public and advocate for the importance of constitutionalism, limited government, religious liberty, the role of the courts, education policies, and election reforms.

$40Kprogram 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 · funders on record
Grants received · FY2024
Marble Freedom TrustFY2024$14.8M
The Concord FundFY2024$200K
Total grants receivedfrom 2 funders$14.9M

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$305K
Ln 12
Gifts and grantsLn 1h$305K
Money outPt IX
$295K
Ln 25
Programscol B$40K
Managementcol C$137K
Fundraisingcol D$119K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$10K
LiabilitiesLn 26$0
Net assetsLn 32$10K
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$10K
Total assetsLn 16$0$10K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$105K$0$105K$0
Accounting feesLn 11c$28K$0$28K$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$158K$40K$119K
InsuranceLn 23$4K$0$4K$0
Total functional expensesLn 25$295K$40K$137K$119K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $305K$295K$10K$10K 990 PDF
FY2023 $0$0 990 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 $305,058 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$305,058
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$305,058
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$305,058
Part IX · Statement of functional expenses $295,249 across 5 lines filed
IX-11b Legal feesPrograms $0 · Management $105,340 · Fundraising $0$105,340
IX-11c Accounting feesPrograms $0 · Management $27,750 · Fundraising $0$27,750
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $39,534 · Fundraising $118,603$158,137
IX-23 InsurancePrograms $0 · Management $4,022 · Fundraising $0$4,022
IX-25 Total functional expensesPrograms $39,534 · Management $137,112 · Fundraising $118,603$295,249
Part X · Balance sheet $9,809 assets, 7 lines filed
X-1 Cash, non-interest-bearing$9,809
X-16 Total assetsStart of year $0$9,809
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$9,809
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$9,809
X-33 Total liabilities and net assetsStart of year $0$9,809
Part XI · Reconciliation of net assets $9,809 net assets at year end
XI-1 Total revenue$305,058
XI-2 Total expenses$295,249
XI-3 Revenue less expenses$9,809
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,809

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

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