Lexington Public Schools Building Corporation

Organization Overview

Lexington Public Schools Building Corporation is located in Lexington, NE. The organization was established in 2007. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Public Schools Building Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

DAWSON COUNTY SCHOOL DISTRICT NO 001 HAS AND WILL LEASE ONE OR MORE BUILDINGS TO ORGANIZATION FOR THE CONSTRUCTION OF ADDITIONS TO OR REMODELING OF THE BUILDINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION, THROUGH THE LEXINGTON PUBLIC SCHOOLS, WILL COMPLETE RENOVATIONS AND NEW CONSTRUCTION PROJECTS ON CERTAIN BUILDINGS. THERE IS A LEASE-PURCHASE AGREEMENT AND BUILDING SITE LEASE BETWEEN THE LEXINGTON PUBLIC SCHOOLS AND THE ORGANIZATION. THE LEXINGTON PUBLIC SCHOOLS WILL MAKE PERIODIC CONSTRUCTION PROGRESS PAYMENTS AND LEASE PAYMENTS AS APPROVED AND RECOMMENDED BY THE PROJECT ARCHITECTS. ANY MONIES RECEIVED BY THE ORGANIZATION FROM THE LEXINGTON PUBLIC SCHOOL THAT IS NOT IMMEDIATELY DISBURSED WILL BE INVESTED. ON TERMINATION OF THE LEASE-PURCHASE AGREEEMENT, THE ORGANIZATION WILL CONVEY AND TRANSFER ANY LEASED PREMISES TO LEXINGTON PUBLIC SCHOOLS. THE PRIMARY EXEMPT PURPOSE IS TO ASSIST THE LEXINGTON PUBLIC SCHOOLS TO PROVIDE FACILITIES TO EDUCATE THE STUDENTS IN THE LEXINGTON PUBLIC SCHOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeremy Roberts
Vice Preside
$0
Steven H Smith
President
$0
Dora Vivas
Secretary
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $164,707
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 $164,707

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