2025-10-07T16:21:52-05:00 2024-12-31 201518594 RFH PLLC 300 WEST VINE STREET STE 800 LEXINGTON KY 405071812 990 2024-01-01 311628472 BUSINESS & EDUCATION NETWORK INC BUSI 8592261624 330 EAST MAIN STREET LEXINGTON KY 40507 TUCKER BALLINGER CHAIRPERSON 8592261624 2025-09-04 1 1 TYLER FALLIN CPA P01633182 8592311800 2024 2025-03-06 01:10:19Z TUCKER BALLINGER 330 EAST MAIN STREET LEXINGTON KY 40507 227365 0 X WWW.BENLEXINGTON.COM X 1998 KY BEN WAS FORMED TO ASSIST IN ENSURING AN AVAILABLE SKILLED WORKFORCE FOR LEXINGTON THROUGH A COLLABORATIVE BUSINESS, EDUCATION, AND COMMUNITY PARTNERSHIP. X 14 13 0 14 0 0 177174 205775 0 0 20990 21590 0 0 198164 227365 0 585555 0 0 154673 191668 0 0 0 192994 42638 347667 819861 -149503 -592496 602685 11015 23910 24735 578775 -13720 BEN WAS FORMED TO ASSIST IN INSURING AN AVAILABLE SKILLED WORKFORCE FOR LEXINGTON THROUGH COLLABORATION BETWEEN BUSINESS, EDUCATION, AND COMMUNITY PARTNERSHIPS. 0 0 586248 585555 REGIONAL COMPETITIVENESS PLAN - DEVELOPMENT OF A REGIONAL ECONCOMIC DEVELOPMENT COMPETITIVENESS STRATEGY WITH INPUT AND REPRESENTATION FROM THE NINE COUNTIES THAT COMPRISE CENTRAL KENTUCKY. 586248 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 KY X X ROBERT QUICK 8592544447 330 EAST MAIN STREET LEXINGTON KY 40507 TUCKER BALLINGER OFFICER 1.00 X X 0 0 0 MARK MANUEL OFFICER 1.00 X 0 0 0 ERIC SAUVAGE BOARD MEMBER 1.00 X 0 0 0 DARYL SMITH OFFICER 1.00 1.00 X X 0 0 0 MARY ANN VIMONT OFFICER 1.00 X 0 0 0 ELISA BRUCE COOLEY BOARD MEMBER 1.00 X 0 0 0 GINA GREATHOUSE BOARD MEMBER 1.00 40.00 X 0 166063 16110 LYNETTE WALKER OFFICER 1.00 X 0 0 0 ROBERT QUICK BOARD MEMBER 1.00 40.00 X 0 252769 31613 TODD JOHNSON BOARD MEMBER 1.00 X 0 0 0 DAVID KIDD BOARD MEMBER 1.00 X 0 0 0 GWEN RILEY BOARD MEMBER 1.00 X 0 0 0 TODD ZIEGLER BOARD MEMBER 1.00 X 0 0 0 CARRIE ROGERS BOARD MEMBER 1.00 X 0 0 0 HELEN E DEXTER EXECUTIVE DIRECTOR 40.00 X 0 115627 13485 0 534459 61208 0 0 1 0 0 205775 205775 21590 21590 227365 0 0 21590 585555 585555 160544 160544 8027 8027 10254 10254 12843 12843 3500 3500 541 541 15372 15372 8032 8032 420 420 PROFESSIONAL DEVELOPMEN 9501 9501 MISCELLANEOUS EXPENSE 2040 2040 TELEPHONE EXPENSE 1584 1584 DUES AND SUBSCRIPTIONS 955 955 693 693 819861 586248 233613 0 573219 1752 5676 9263 0 0 0 0 23790 0 602685 11015 23910 24735 23910 24735 X 578775 -13720 578775 -13720 602685 11015 -592496 0 X X 0 1 X 1 0 X 185353 197522 226905 177174 205775 992729 185353 197522 226905 177174 205775 992729 671550 321179 6964 2634 4400 20990 21590 56578 1049307 0.30610 0.38150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19487 19487 0 0 X PART X, LINE 2: THE BUSINESS AND ECONOMIC NETWORK IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS OR POSSIBLE RELATED INTEREST OR PENALTIES. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. 1 COMMERCE LEXINGTON FOUNDATION INC 330 EAST MAIN STREET STE 100 LEXINGTON KY 40507 933310705 501(C)(3) 585555 0 DONATION TO ASSIST WITH CREATION OF ENTITY PART I, LINE 2: THE ORGANIZATION IMPLEMENTS A MULTI-FACETED APPROACH TO MONITORING THE USE OF GRANT FUNDS, ENSURING PROPER STEWARDSHIP AND COMPLIANCE WITH GRANT TERMS AND CONDITIONS. FINANCIAL TRACKING: DEDICATED ACCOUNTING SYSTEMS ARE USED TO TRACK GRANT EXPENDITURES, ENSURING ALIGNMENT WITH APPROVED BUDGETS AND ADHERENCE TO SPENDING RESTRICTIONS. REGULAR RECONCILIATION OF EXPENDITURES AND BUDGET-TO-ACTUAL COMPARISONS ARE CONDUCTED. DOCUMENTATION AND REPORTING: COMPREHENSIVE RECORDS ARE MAINTAINED, INCLUDING GRANT AGREEMENTS, FINANCIAL DOCUMENTATION (INVOICES, RECEIPTS), COMMUNICATIONS WITH GRANTEES, AND PERFORMANCE DATA. REQUIRED REPORTING IS SUBMITTED TO GRANTORS IN A TIMELY AND ACCURATE MANNER, DETAILING FINANCIAL OUTLAYS AND PROGRAM OUTCOMES. COMPLIANCE AND AUDITS: INTERNAL CONTROLS ARE ESTABLISHED TO ENSURE COMPLIANCE WITH GRANT TERMS AND CONDITIONS. THE ORGANIZATION IS PREPARED FOR AUDITS AND PROVIDES NECESSARY DOCUMENTATION TO DEMONSTRATE RESPONSIBLE FINANCIAL MANAGEMENT." 1 X X X 0 0 0 0 0 0 0 0 0 ROBERT QUICK BOARD MEMBER 0 252769 0 0 0 0 0 13079 0 18534 0 284382 0 0 GINA GREATHOUSE BOARD MEMBER 0 166063 0 0 0 0 0 8610 0 7500 0 182173 0 0 NET ASSET TRANSFER TO COMMERCE LEXINGTON FOUNDATION, INC. 2024-12-31 585555 CASH VALUE 933310705 COMMERCE LEXINGTON INC FOUNDATION 330 EAST MAIN STREET STE 100 LEXINGTON KY 40507 501(C)(3) 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: ROBERT QUICK PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: CURRENT BOARD MEMBER OF BUSINESS AND EDUCATION NETWORK AND IS ON THE BOARD OF COMMERCE LEXINGTON FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B COPY OF 990 IS PROVIDED TO BOARD OF DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO SIGN WRITTEN DISCLOSURE STATEMENTS CONCERNING ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ARE REQUIRED TO NOTIFY THE BOARD OF DIRECTORS IF CIRCUMSTANCES CHANGE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS NO EMPLOYEES AND PAYS A MANAGEMENT FEE TO A RELATED ORGANIZATION TO PROVIDE MANAGEMENT SERVICES INCLUDING ACCOUNTING, PERSONNEL, AND FACILITIES, AMONG OTHER THINGS, FOR A FEE AS APPROVED IN THE ANNUAL BUDGET BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION PROVIDES A COPY OF GOVERNING DOCUMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. COMMERCE LEXINGTON INC 330 EAST MAIN STREET LEXINGTON KY 40507 610258800 ECONOMIC AND WORKFORCE DEVELOPMENT IN CENTRAL KENTUCKY KY 501(C)(6) N/A 0 LEXINGTON STRIDES AHEAD FOUNDATION INC 330 EAST MAIN STREET 2ND FLOOR LEXINGTON KY 40507 611322448 FUNDING OF ECONOMIC DEVELOPMENT FOR THE GREATER LEXINGTON AREA KY 501(C)(6) N/A 0 COMMERCE LEXINGTON FOUNDATION INC 330 EAST MAIN STREET LEXINGTON KY 40507 933310705 ECONOMIC AND WORKFORCE DEVELOPMENT IN CENTRAL KENTUCKY KY 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 LEXINGTON STRIDES AHEAD FOUNDATION INC C 197375 COMMERCE LEXINGTON FOUNDATION INC B 585555