The Lexington Cancer Foundation Inc
- Assets
- $2.4m
- Revenue
- $555.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Lexington, KY
- Founding
- 10/2004
- Data as of
- 01/2024
- EIN
- 56-2472701
Organization Overview
The Lexington Cancer Foundation Inc is located in Lexington, KY. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 01/2024, Lexington Cancer Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Cancer Foundation Inc 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 01/2024, Lexington Cancer Foundation Inc generated $555.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $685.7k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lexington Cancer Foundation Inc has awarded 128 individual grants totaling $2,046,265. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR CANCER RESEARCH AND CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FUNDS TO WORTHY ORGANIZATIONS FOR CANCER RESEARCH AND CARE. FUNDS ARE RAISED THROUGH SPRING AND FALL FUNDRAISERS AND THROUGH AN ANNUAL EDUCATIONAL CANCER SYMPOSIUM FOR PHYSICIANS AND MEDICAL PERSONNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Rice President | OfficerTrustee | 1 | $0 |
Neal Vaughan Vice Preside | OfficerTrustee | 1 | $0 |
Edie Gray Treasurer | OfficerTrustee | 1 | $0 |
Caroline Frazier Member | Trustee | 1 | $0 |
Jamie Leveridge Member | Trustee | 1 | $0 |
Sue Masson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $385,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,045 |
| Total Program Service Revenue | $0 |
| Investment income | $14,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $70,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $555,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $484,338 |
| 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. | $144,566 |
| Compensation of current officers, directors, key employees. | $43,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,229 |
| Information technology | $3,269 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $80 |
| 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 | $3,451 |
| All other expenses | $0 |
| Total functional expenses | $685,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327 |
| Savings and temporary cash investments | $2,367,215 |
| 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 | $34,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,315 |
| Total assets | $2,406,375 |
| Accounts payable and accrued expenses | $773 |
| 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 | $773 |
| Net assets without donor restrictions | $2,405,602 |
| 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 | $2,406,375 |
Grants Awarded
Over the last fiscal year, The Lexington Cancer Foundation Inc has awarded $466,338 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT HEALTH MANCHESTER PURPOSE: CANCER ASSISTANCE | $15,600 |
AMERICAN CANCER SOCIETY HOPE LODGE PURPOSE: CANCER ASSISTANCE | $20,000 |
BAPTIST HEALTH LEXINGTON PURPOSE: CANCER ASSISTANCE | $10,000 |
KENTUCKY CANCER LINK PURPOSE: CANCER ASSISTANCE | $10,000 |
KENTUCKY PROSTATE CANCER COALITION PURPOSE: CANCER ASSISTANCE | $10,000 |
SAINT JOSEPH HOSPITAL FOUNDATION PURPOSE: CANCER ASSISTANCE | $18,000 |