Lexington Center Corporation
98% goes to programs Strong reserves Growing revenue
Lexington Center Corporation is a 501(c)(3) organization based in Lexington, Kentucky, registered in 2015, with $56,755,388 in FY2023 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
430 W Vine St, Lexington, KY, 40507 EIN 61-0734772 Since 2015
Revenue (FY2023)
$56.8M
▲ 9.8% vs prior year
Community median: $184K
Expenses (FY2023)
$56.7M
Net assets
$119.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lexington Center Corporation: 98% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lexington Center Corporation: 25 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lexington Center Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lexington Center Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Enhance communities through innovative shared experiences.
Contact & location
- Address
- 430 W Vine St, Lexington, KY, 40507
- City
- Lexington
- State
- Kentucky
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.1M (FY2013) to $56.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $238.0MNet assets $119.4M
Operating margin
0.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$357.5M
Total liabilities
$238.0M
Net assets
$119.4M
Salaries & benefits
$9.6M
17% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $56,755,388▲9.8% | $56,693,233▲8.0% | $119,404,259▲0.3% | $357,451,239▼0.8% | 990 |
| 2022 | $51,691,448▲52.4% | $52,486,405▲39.2% | $119,019,191▼0.7% | $360,161,515▼2.3% | 990 |
| 2021 | $33,922,346▲110% | $37,710,228▲79.3% | $119,841,686▼3.3% | $368,571,113▼2.6% | 990 |
| 2020 | $16,156,810▼34.3% | $21,027,068▼51.4% | $123,964,566▼3.8% | $378,439,328▲5.1% | 990 |
| 2019 | $24,608,900▼78.7% | $43,288,850▲40.6% | $128,834,824▼12.7% | $359,926,813▼5.4% | 990 |
| 2018 | $115,623,971▲346% | $30,798,138▲38.2% | $147,514,774▲135% | $380,494,009▲344% | 990 |
| 2017 | $25,949,766▼21.8% | $22,280,187▲9.4% | $62,688,939▲6.2% | $85,735,630▼0.2% | 990 |
| 2016 | $33,170,194▲57.4% | $20,371,065▼9.7% | $59,019,360▲27.7% | $85,929,530▲27.3% | 990 |
| 2015 | $21,068,657▲6.5% | $22,556,548▲5.5% | $46,220,231▼3.1% | $67,527,767▲3.7% | 990 |
| 2014 | $19,780,425▼10.4% | $21,385,286▲3.6% | $47,708,122▼3.3% | $65,110,406▼5.4% | 990 |
| 2013 | $22,071,044 | $20,632,692▲10.4% | $49,312,983▲3.0% | $68,799,259▼0.6% | 990 |
| 2012 | — | $18,691,861▲4.5% | $47,874,631▲6.9% | $69,235,524▲0.7% | 990 |
| 2011 | — | $17,883,695▲0.7% | $44,777,956▲4.4% | $68,741,446 | 990 |
| 2010 | — | $17,752,313 | $42,889,076 | $68,758,818 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ann Bakhaus | Board Member | 1 | — |
| Brad Boaz | Board Member | 1 | — |
| Brian Sipe | General Manager | 40 | — |
| Edward Holmes | Finance Committee Chair | 1 | — |
| Fred Brown | Board Member | 1 | — |
| Jeffrey Clark | Director, Operations | 40 | — |
| Jeffrey Mullaney | Director, Finance | 40 | — |
| Jennifer Mossotti | Board Member | 1 | — |
| Joseph Fields | Director, Convention Sales | 40 | — |
| Karen Collier | Director, Human Resources | 40 | — |
| Karen Hill | Board Chair | 1 | — |
| Kip Cornett | Board Member | 1 | — |
| Laura Alexander | Assistant General Manager | 40 | — |
| Lauren Layman | Director, Marketing | 40 | — |
| Nancy Wiser | Board Member | 1 | — |
| Phil Maxon | Vice Chair | 1 | — |
| Randall Vaughn | Board Member | 1 | — |
| Shannon Elliott | Director, Ticketing | 40 | — |
| Sherita Miller | Board Member | 1 | — |
| Theresa Lloyd | Director, Complex Events | 40 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Global Spectrum | Management Consulting | $3,872,287 |
| Pritchard Sports & Entertainment Group | Custodial Services | $2,890,984 |
| Congleton-hacker | General Contractor | $625,985 |
| Dinsmore & Shohl LLP | Legal | $212,082 |
| Oak View Group LLC | Management Consulting | $121,957 |
Grants made · $2.2M in FY2015
1 grant totaling $2.2M in FY2015. All grants made by Lexington Center Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Commonwealth of Kentucky | Reimbursement of state gra | $2,187,500 |
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Frequently asked questions
- Is Lexington Center Corporation a legitimate nonprofit?
- Yes. Lexington Center Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0734772, based in Lexington, Kentucky. Donations are tax-deductible.
- What is Lexington Center Corporation's EIN?
- Lexington Center Corporation's Employer Identification Number (EIN) is 61-0734772.
- How much revenue does Lexington Center Corporation report?
- Lexington Center Corporation reported $56,755,388 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Lexington Center Corporation's spending goes to programs?
- Lexington Center Corporation spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lexington Center Corporation have?
- CharityIndex grades Lexington Center Corporation A+, based on program efficiency and fundraising cost.
- How much does Lexington Center Corporation's highest-paid employee make?
- The highest reported compensation on Lexington Center Corporation's latest Form 990 is $0, paid to Ann Bakhaus (Board Member).
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Data for Lexington Center Corporation (EIN 61-0734772) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.