2025-09-24T13:36:28-05:00 2024-12-31 201518594 RFH PLLC 300 WEST VINE STREET STE 800 LEXINGTON KY 405071812 990 2024-01-01 610258800 COMMERCE LEXINGTON INC COMM 8592544447 330 EAST MAIN STREET LEXINGTON KY 40507 ROBERT QUICK PRESIDENT 8592544447 2025-08-27 1 1 TYLER FALLIN CPA P01633182 8592311800 2024 2025-03-06 01:10:19Z ROBERT QUICK 330 EAST MAIN STREET LEXINGTON KY 40507 4806508 0 X WWW.COMMERCELEXINGTON.COM X 1942 KY TO REPRESENT OUR MEMBERS, CREATING THE ENVIRONMENT AND OPPORTUNITY FOR ECONOMIC PROSPERITY AND QUALITY LIVING IN CENTRAL KENTUCKY 18 17 24 62 122449 0 2540898 2763406 1742693 1690447 94283 121438 207226 231217 4585100 4806508 0 433655 0 0 2346629 2588640 0 0 0 2309219 2370725 4655848 5393020 -70748 -586512 7136220 6076860 3376605 2903758 3759615 3173102 TO REPRESENT OUR MEMBERS, CREATING THE ENVIRONMENT AND OPPORTUNITY FOR ECONOMIC PROSPERITY AND QUALITY LIVING IN CENTRAL KENTUCKY. 0 0 4433658 433655 COMMERCE LEXINGTON PROVIDES SERVICES TO ITS MEMBER ORGANIZATIONS INCLUDING SUCH ACTIVITIES AS CONFERENCES, MONTHLY PROGRAMS, ANNUAL MEETINGS & PUBLICATIONS. 959363 PROMOTION OF ECONOMIC DEVELOPMENT AND JOBS CREATION IN CENTRAL KENTUCKY. 5393021 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 5 0 24 1 1 1 0 0 0 0 0 0 0 X 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X X ROBERT QUICK 8592544447 330 EAST MAIN STREET LEXINGTON KY 40507 ROBERT L QUICK PRESIDENT & CEO 40.00 1.50 X X 252769 0 31613 KEEANA BOARMAN GENERAL COUNSEL 1.00 X X 0 0 0 CASSIDY ROSENTHAL IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 DEBBIE SMITH TREASURER 1.00 X X 0 0 0 BRANDEN GROSS AT-LARGE MEMBER 1.00 X 0 0 0 CARLA BLANTON BOARD CHAIR-ELECT 1.00 X X 0 0 0 LUTHER DEATON VICE CHAIR, ECONOMIC DEVELOPMENT 1.00 X X 0 0 0 DARYL SMITH AT-LARGE MEMBER 1.00 1.00 X X 0 0 0 TOA GREEN VICE CHAIR, LEADERSHIP DEVELOPMENT 1.00 X X 0 0 0 STEPHANIE BELL AT-LARGE MEMBER 1.00 X X 0 0 0 LARRY FORESTER VICE CHAIR, COMMUNITY & MINORITY BUSINESS DEVELOPM 1.00 X X 0 0 0 NICK NICHOLSON VICE CHAIR, PUBLIC POLICY & REGIONAL ENGAGEMENT 1.00 X X 0 0 0 KEVIN ATKINS LFUCG REPRESENTATIVE 1.00 X X 0 0 0 JOHN MAHAN REGIONAL REPRESENTATIVE 1.00 X X 0 0 0 TUCKER BALLINGER VICE CHAIR, BUSINESS & EDUCATION NETWORK 1.00 X X 0 0 0 DANNY MURPHY VICE CHAIR, MEMBERSHIP AND ENGAGEMENT 1.00 X X 0 0 0 JONATHAN CALDWELL VICE CHAIR, COMMUNICATIONS 1.00 X X 0 0 0 STEVE BYARS BOARD CHAIR 1.00 X X 0 0 0 GINA GREATHOUSE EXECUTIVE VICE PRESIDENT 40.00 1.00 X 166063 0 16110 LYNDA BEBROWSKY EXECUTIVE VICE PRESIDENT, 40.00 X 135929 0 14540 ANDI JOHNSON CHIEF POLICY OFFICER & DIR 40.00 X 151825 0 15056 TYRONE TYRA SENIOR VICE PRESIDENT, COM 40.00 X 126720 0 14051 LISA D MAHAN VICE PRESIDENT OF STRATEGIC PARTNERSHIPS 40.00 X 127152 0 14297 960458 0 105667 9 0 1 0 EQUITY SOLUTIONS GROUP 1591 WINCHESTER RD STE 125 LEXINGTON KY 40505 CONSULTING SERVICES 446035 330 E MAIN CONDO ASSOCIATION INC 3120 WALL STREET 300 LEXINGTON KY 40513 PROPERTY MANAGEMENT 120569 ALLEGIANT AIR 1201 NORTH TOWN CENTER DRIVE LAS VEGAS NV 89137 AIRLINE 110674 3 1233661 690577 839168 2763406 SPECIAL PROJECTS 900099 1450276 1450276 ADVERTISING REVENUE 541800 122449 122449 PROGRAM SERVICES 900099 117722 117722 1690447 121438 121438 83256 0 83256 83256 83256 AFFINITY INCOME 900099 147961 147961 147961 4806508 1715959 122449 204694 433655 288679 1824208 79878 246836 149039 31725 130164 115487 68028 229799 27770 13849 41373 152982 2472 SPECIAL PROJECT EXPENSE 831330 MINORITY BUSINESS 454563 ISSUES FUND 67500 PUBLICATIONS 60866 142817 5393020 952212 704735 2681285 2064946 176219 151794 416557 403687 101646 95905 5452027 2810274 2792701 2641753 15600 14040 7136220 6076860 481734 454703 1351873 917688 1521442 1515850 21556 15517 3376605 2903758 X 745087 100140 3014528 3072962 3759615 3173102 7136220 6076860 -586512 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1233661 25818 25818 61683 -35865 673965 673965 3643319 1921963 1721356 184252 184252 0 292631 220746 71885 657860 483313 174547 2641753 LEASE LIABILITIES 15517 15517 X PART X, LINE 2: COMMERCE LEXINGTON INC. IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED OPERATIONS PURSUANT TO SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, COMMERCE LEXINGTON INC., IS SUBJECT TO INCOME TAXES ON CERTAIN UNRELATED BUSINESS INCOME. 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) 433655 0 DONATION TO ASSIST WITH CREATION OF ENTITY 1 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 ROBERT L QUICK PRESIDENT & CEO 252769 0 0 0 0 0 13079 0 18534 0 284382 0 0 0 GINA GREATHOUSE EXECUTIVE VICE PRESIDENT 166063 0 0 0 0 0 8610 0 7500 0 182173 0 0 0 ANDI JOHNSON CHIEF POLICY OFFICER & DIR 151825 0 0 0 0 0 7556 0 7500 0 166881 0 0 0 LYNDA BEBROWSKY EXECUTIVE VICE PRESIDENT, 135929 0 0 0 0 0 7040 0 7500 0 150469 0 0 0 EQUITY SOLUTIONS GROUP CONTROLLED ENTITY OF NON-EXECUTIVE BOARD MEMBER 446035 INDEPENDENT CONTRACTOR 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS OF THE ORGANIZATION ARE AFFILIATED WITH VARIOUS BUSINESS ENTITIES WHICH MAY TRANSACT BUSINESS WITH EACH OTHER AS PART OF NORMAL OPERATIONS. FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 IS PROVIDED TO THE AUDIT & FINANCE COMMITTEE FOR THEIR FULL REVIEW. APPROVAL OF FORM 990 BY THE AUDIT & FINANCE COMMITTEE IS DOCUMENTED IN MINUTES. A COPY OF FORM 990 IS PROVIDED AT THE EXECUTIVE BOARD 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 EXECUTIVE COMMITTEE IF CIRCUMSTANCES CHANGE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT IS REVIEWED AND DETERMINED BY A COMPENSATION COMMITTEE COMPRISED OF THE CHAIRMAN OF THE BOARD, THE CHAIR-ELECT OF THE BOARD, AND THE IMMEDIATE PAST CHAIR. THE COMMITTEE CONSIDERS DATA FROM RELATED PROFESSIONAL ORGANIZATIONS AS WELL AS THE US CHAMBER OF COMMERCE. THE REVIEW PROCESS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION PROVIDES A COPY OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT & FINANCE COMMITTEE NAMED BY THE EXECUTIVE BOARD THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BUSINESS AND EDUCATION NETWORK INC 330 EAST MAIN STREET 2ND FLOOR LEXINGTON KY 40507 311628472 TO IMPROVE THE WORKFORCE OF THE GREATER LEXINGTON AREA KY 501(C)(3) LINE 10 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 INC FOUNDATION 330 EAST MAIN STREET STE 100 LEXINGTON KY 40507 933310705 TO BE A POSITIVE IMPACT ON TALENT, QUALITY OF LIFE, AND ECONOMIC WELL-BEING KY 501(C)(3) LINE 7 N/A 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 COMMERCE LEXINGTON INC FOUNDATION B 433655 LEXINGTON STRIDES AHEAD C 813013