Lexington Clinic Foundation For Medical Education And Research Inc
- Assets
- $611.1k
- Revenue
- $61.7k
- Investments
- $415.5k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 10/1965
- Data as of
- 12/2022
- 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 12/2022, Lexington Clinic Foundation For Medical Education And Research Inc generated $61.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $116.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 4 years. 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 |
|---|---|---|---|
Andrew Dieruf CPA Cfe Board Chair/president | 0.5 | $0 | |
Ryan Kelsh Vice President | 0.25 | $0 | |
Jane Warner Treasurer | 0.25 | $0 | |
Susan Rayer Board Member | 0.25 | $0 | |
Eric Howard Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,445 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,730 |
| Capital Gain Net Income | $2,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,482 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $910 |
| Printing and publications | $0 |
| Other expenses | $35,293 |
| Total operating and administrative expenses | $103,807 |
| Contributions, gifts, grants paid | $12,545 |
| Total expenses and disbursements | $116,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,842 |
| Savings and temporary cash investments | $28,796 |
| 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 | $112,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $611,149 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Lexington Clinic Foundation For Medical Education And Research Inc has awarded $12,545 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN REGIONAL HEALTHCARE PURPOSE: FLOOD RELIEF DONATION | $5,000 |
COACHES FOR THE KIDS INC PURPOSE: SUPPORT OF THE KY CHILDRENS HOSPITAL | $4,750 |
SAINT JOSEPH HOSPITAL FOUNDATION PURPOSE: SPIRIT OF GIVING SPONSORSHIP | $2,500 |
UK PURPOSE: LEAN SYSTEMS PROGRAM | $295 |