Lexington Institute
- Assets
- $3.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Arlington, VA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 54-1880642
Organization Overview
Lexington Institute is located in Arlington, VA. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Lexington Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lexington Institute generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE SUPPORTS AND PROVIDES RESEARCH REGARDING ISSUES OF PUBLIC POLICY HAVING EFFECTS ON THE RIGHTS, FREEDOM, SECURITY, AND QUALITY OF LIFE OF AMERICAN CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE SUPPORTS AND PROVIDES RESEARCH REGARDING ISSUES OF PUBLIC POLICY HAVING EFFECTS ON THE RIGHTS, FREEDOM, SECURITY, AND QUALITY OF LIFE OF AMERICAN CITIZENS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merrick Carey CEO | OfficerTrustee | 45 | $376,942 |
Loren Thompson COO | OfficerTrustee | 45 | $376,942 |
Daniel Goure Vice President | 40 | $283,500 | |
James Courter Chairman | Trustee | 1 | $0 |
Daniel Strickberger Director | Trustee | 0 | $0 |
Russell Redenbaugh Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,832,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,832,700 |
| Total Program Service Revenue | $0 |
| Investment income | $25,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,857,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,037,383 |
| Compensation of current officers, directors, key employees. | $75,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,972 |
| Payroll taxes | $53,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,187 |
| Advertising and promotion | $0 |
| Office expenses | $6,336 |
| Information technology | $6,475 |
| Royalties | $0 |
| Occupancy | $92,798 |
| Travel | $18,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,521 |
| Insurance | $5,532 |
| All other expenses | $11,794 |
| Total functional expenses | $1,728,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,447,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,247 |
| Net Land, buildings, and equipment | $10,036 |
| Investments—publicly traded securities | $1,728,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,584 |
| Other assets | $8,180 |
| Total assets | $3,227,094 |
| Accounts payable and accrued expenses | $39,631 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,631 |
| Net assets without donor restrictions | $3,187,463 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,227,094 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lexington Institute has recieved totaling $146,000.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $86,000 |
Community Foundation Of Western Nevada Reno, NV PURPOSE: General support | $30,000 |
L A W Foundation Inc Short Hills, NJ PURPOSE: GENERAL | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Clinical Chemistry Inc Washington, DC | $31,632,986 | $18,150,460 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Aids United Washington, DC | $16,240,693 | $19,019,266 |
Media Matters For America Washington, DC | $25,734,430 | $18,794,929 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
Appletree Institute For Education Innovation Inc Washington, DC | $11,136,365 | $16,950,350 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Association Of Schools And Programs Of Public Health Inc Washington, DC | $11,824,583 | $12,542,035 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |