Lexmed Inc
- Assets
- $19.5m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, SC
- Founding
- Data as of
- 09/2021
- EIN
- 57-0874078
Organization Overview
Lexmed Inc is located in Lexington, SC. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexmed Inc 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE THE PROVISION OF CONGREGATE CARE, NURSING, AND OPERATE HEALTH CARE RELATED FACILITIES FOR THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND FACILITATE THE PROVISION OF CONGREGATE CARE, NURSING, AND OPERATE HEALTH CARE RELATED FACILITIES FOR THE AGED IN LEXINGTON COUNTY, SOUTH CAROLINA AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Stroud Vice Chairman | Officer | 6 | $0 |
Jason Liester Chariman | Officer | 6 | $0 |
Dr Chris Wicker Board Member | Trustee | 6 | $0 |
Cynthia Robinson Board Member | Trustee | 6 | $0 |
Jennifer Porter Board Member | Trustee | 6 | $0 |
Johnny Jeffcoat Board Member | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,194,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,194,624 |
| Total Program Service Revenue | $20,531,208 |
| Investment income | $67 |
| 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 | $22,725,899 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,297,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,771,473 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,789 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $929,546 |
| Insurance | $48,959 |
| All other expenses | $307,187 |
| Total functional expenses | $25,880,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,651 |
| Savings and temporary cash investments | $292,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,181,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $305,112 |
| Prepaid expenses and deferred charges | $31,547 |
| Net Land, buildings, and equipment | $15,651,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,463,727 |
| Accounts payable and accrued expenses | $4,468,849 |
| Grants payable | $0 |
| Deferred revenue | $7,596 |
| 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 | $6,808,729 |
| Total liabilities | $11,285,174 |
| Net assets without donor restrictions | $0 |
| 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 | $8,178,553 |
| Total liabilities and net assets/fund balances | $19,463,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
South Carolina Episcopal Home At Still Hopes W Columbia, SC | $193,037,848 | $38,767,072 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Cornelia Nixon Davis Inc Wilmington, NC | $106,580,029 | $35,693,854 |
Lexmed Inc Lexington, SC | $19,463,727 | $22,725,899 |
University Extended Care Inc Augusta, GA | $49,011,454 | $30,818,406 |
Magnolia Manor Of Columbus Inc Americus, GA | $41,495,688 | $25,627,763 |
All Saints St Lukes Episcopal Home For The Retired Inc Atlanta, GA | $122,353,987 | $22,945,878 |
Saluda County Nursing Home Board Saluda Nursing Center Saluda, SC | $10,713,422 | $16,857,969 |
Presbyterian Home Quitman Inc Quitman, GA | $7,771,902 | $17,669,514 |
Riverview Health And Rehabiliation Center Inc Savannah, GA | $21,070,283 | $18,616,274 |
A G Rhodes Home Inc At Wesley Woods Atlanta, GA | $10,164,617 | $18,274,811 |