Historic Lexington Foundation
- Assets
- $1.1m
- Revenue
- -$98.3k
- Investments
- $1.1m
- Employees
- 1
- Location
- Lexington, VA
- Founding
- 05/1968
- Data as of
- 12/2022
- EIN
- 54-6069177
Organization Overview
Historic Lexington Foundation is located in Lexington, VA. The organization was established in 1968. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Lexington Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRESERVATION OF THE ARCHITECTURAL & HISTORIC RESOURCES OF ROCKBRIDGE COUNTY, VA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF THE PUBLIC ABOUT HISTORIC PRESERVATION, ACQUISITION, STABILIZATION, RESTORATION, RENOVATION AND REUSE OF HISTORIC PROPERTIES
PRESERVATION AND HISTORIC MARKER PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Joyce-Hayes President | OfficerTrustee | 0 | $0 |
Susan Minor Vice President | OfficerTrustee | 0 | $0 |
Will Moore Treasurer | OfficerTrustee | 0 | $0 |
Joan Harden Secretary | OfficerTrustee | 0 | $0 |
Larry Wiese Past President | Trustee | 0 | $0 |
Jane Brooke Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $805 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,099 |
| Total Program Service Revenue | $8,902 |
| Investment income | $22,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$165,822 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$98,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,689 |
| 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. | $26,500 |
| Compensation of current officers, directors, key employees. | $5,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960 |
| Fees for services: Accounting | $825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,933 |
| Fees for services: Other | $1,376 |
| Advertising and promotion | $0 |
| Office expenses | $4,665 |
| Information technology | $2,986 |
| Royalties | $0 |
| Occupancy | $17,208 |
| Travel | $157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $894 |
| All other expenses | $2,045 |
| Total functional expenses | $106,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,069,601 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144 |
| Total assets | $1,104,451 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,104,451 |
| 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 | $1,104,451 |
Grants Awarded
Over the last fiscal year, Historic Lexington Foundation has awarded $18,625 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RANDOLPH STREET UNITED METHODIST CHURCH PURPOSE: FRONT WINDOW REPAIRS | $6,550 |
GRACE EPISCOPAL CHURCH PURPOSE: STENCILS REPAIR | $12,075 |