Lexington Clinic Foundation For Medical Education And Research Inc
- Assets
- $676.6k
- Revenue
- $196.0k
- Investments
- $413.7k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 10/1965
- Data as of
- 12/2021
- EIN
- 61-6037046
Organization Overview
Lexington Clinic Foundation For Medical Education And Research Inc is located in Lexington, KY. The organization was established in 1965. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Clinic Foundation For Medical Education And Research 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 12/2021, Lexington Clinic Foundation For Medical Education And Research Inc generated $196.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $202.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Hunter President | 0.5 | $0 | |
Kurt Simpson Treasurer | 0.25 | $0 | |
Jane Warner Vice President | 0.25 | $0 | |
Andrew Dieruf CPA Secretary | 0.25 | $0 | |
Dustyn Jones Director | 0.25 | $0 | |
Dr Andrew Mcgregor Director (partial Year) | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $179,646 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,896 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,410 |
| Capital Gain Net Income | $7,410 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,047 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $796 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,070 |
| Printing and publications | $0 |
| Other expenses | $52,703 |
| Total operating and administrative expenses | $176,526 |
| Contributions, gifts, grants paid | $25,850 |
| Total expenses and disbursements | $202,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,380 |
| Savings and temporary cash investments | $58,581 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $95,110 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $676,643 |
| Accounts payable and accrued expenses | $10,858 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,858 |
Grants Awarded
Over the last fiscal year, Lexington Clinic Foundation For Medical Education And Research Inc has awarded $25,850 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: TO SUPPORT THE MISSION TO PROVIDE ARTS AND CULTURAL SERVICES TO THE COMMUNITY | $8,500 |
Lexington, KY PURPOSE: SUPPORT OF THE KY CHILDRENS HOSPITAL | $4,750 |
Lexington, KY PURPOSE: MENTAL HEALTH MINUTE PROGRAM SPONSOR | $3,500 |
RONALD MCDONALD HOUSE OF THE BLUEGRASS PURPOSE: PROVIDED FOOD FOR RONALD MCDONALD HOUSE EVENT | $2,500 |
LEXINGTON COMMUNITY RADIO (RADIOLEX) PURPOSE: MINORITY VACCINE ROLLOUT SPONSORSHIP | $2,500 |
SEEDLEAF PURPOSE: TO SUPPORT COMMUNITY GARDEN PROGRAMS | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lexington Clinic Foundation For Medical Education And Research Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Saint Joseph Health System Inc Lexington, KY PURPOSE: GENERAL SUPPORT | $6,000 |
Saint Joseph Health System Inc Lexington, KY PURPOSE: GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Educatiion & Research Instutute Memphis, TN | $23,598,104 | $14,599,708 |
American College Of Sports Medicine Inc Indianapolis, IN | $12,221,630 | $9,481,341 |
University Of Virginia Medical School Foundation Charlottesville, VA | $123,889,244 | $8,950,640 |
Canton Medical Education Foundation Inc Canton, OH | $478,620 | $4,754,625 |
Northeast Ohio Medical University Foundation Rootstown, OH | $32,750,103 | $4,627,290 |
Musser-Davis Land Company Kansas City, MO | $17,498,776 | $1,666,095 |
University Medical Foundation Inc Louisville, KY | $12,425,544 | $1,582,627 |
Council Of Medical Specialty Societies Chicago, IL | $3,906,097 | $1,843,688 |
American College Of Sports Medicine Indianapolis, IN | $2,135,970 | $586,582 |
American College Of Sports Medicine Foundation Incorporated Indianapolis, IN | $4,709,616 | $682,964 |
Association Of Medical School Pediatric Department Chairman Inc Mclean, VA | $1,537,754 | $550,439 |
Sarah C Upham Clinic Tr 2 P10303009 Chicago, IL | $7,388,989 | $410,128 |