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Greater Lex

Not tax-deductible

Lexington, KY501(c)(6)Mutual/Membership EIN 99-1015016Revenue $634K in FY2024

On file with the IRSlookatlex.com330 E Main St Ste 100, 40507-1525 · Lexington, KYTax-exempt since Nov 2025

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The mission of Greater Lex INC. Is to oversee the allocation of the local government funding investment in the regional competitiveness plan to ensure funding managed by commerce lexington is being utilized to complete the agreed upon 7-action items aimed at job creation, talent attraction and policy advocacy initiatives.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$61K
46% of total assets
Looks good: liabilities are 46% 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
$634K
Spent
$561K
To programs
100%
Net assets
$73K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $561K Management & general 0% · $123

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Greater Lex 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

Oversees local government funding for job creation and talent attraction initiatives.

Questions for Greater Lex

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Provided by the organization

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3 programs · $561K · in their own filed words · FY2024
01

Created a new talent attraction website and digital marketing strategy to promote the region as a place to live and work.

$290Kprogram expense
02

Refreshed the regional job attraction website and marketing assets to promote the region to national site selectors and business targets.

$259Kprogram expense
03

Engaged with 120+ national site selectors to promote the region to business prospects at exclusive events and industry trade shows.

$12Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$634K
Ln 12
Gifts and grantsLn 1h$617K
Investment incomeLn 3$17K
Money outPt IX
$561K
Ln 25
Programscol B$561K
Managementcol C$123
Owns and owesPt X
$73K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$134K
LiabilitiesLn 26$61K
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$617K
Government grantsLn 1e$617K
Investment incomeLn 3$17K
Total revenueLn 12$634K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Total assetsLn 16$134K
LiabilitiesLn 26$61K
Net assetsLn 32$73K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$47K
Total assetsLn 16$0$134K
LiabilitiesLn 26$0$61K
Net assetsLn 32$0$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$191K$191K
Information technologyLn 14$155K$155K
Other expenses (24a–d)Ln 24$216K$216K$123
Total functional expensesLn 25$561K$561K$123$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $634K$561K$73K$73K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $634,349 revenue, 12 lines filed
I-8 Contributions and grants$617,050
I-9 Program service revenue$0
I-10 Investment income$17,299
I-11 Other revenue$0
I-12 Total revenue$634,349
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$561,305
I-18 Total expenses$561,305
I-19 Revenue less expenses$73,044
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $634,349 across 4 lines filed
VIII-1e Government grants$617,050
VIII-1h Total contributions, gifts and grants$617,050
VIII-3 Investment incomeExcluded from tax $17,299$17,299
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,299$634,349
Part IX · Statement of functional expenses $561,305 across 3 lines filed
IX-12 Advertising and promotionPrograms $190,603$190,603
IX-14 Information technologyPrograms $154,890$154,890
IX-24 Other expenses (24a–d)Programs $215,689 · Management $123$215,812
IX-25 Total functional expensesPrograms $561,182 · Management $123 · Fundraising $0$561,305
Part X · Balance sheet $134,288 assets, 9 lines filed
X-1 Cash, non-interest-bearing$47,309
X-9 Prepaid expenses and deferred charges$10,604
X-14 Intangible assets$76,375
X-16 Total assetsStart of year $0$134,288
X-17 Accounts payable and accrued expenses$61,244
X-26 Total liabilitiesStart of year $0$61,244
X-27 Net assets without donor restrictions$73,044
X-32 Total net assets or fund balancesStart of year $0$73,044
X-33 Total liabilities and net assetsStart of year $0$134,288
Part XI · Reconciliation of net assets $73,044 net assets at year end
XI-1 Total revenue$634,349
XI-2 Total expenses$561,305
XI-3 Revenue less expenses$73,044
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$73,044

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

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