Nonprofit · EIN 31-1628472
BUSINESS AND EDUCATION NETWORK INC
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $227,365 | $819,861 | -$592,496 | $11,015 | $24,735 | -$13,720 |
| December 31, 2023 | 990 | $198,164 | $347,667 | -$149,503 | $602,685 | $23,910 | $578,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $205,775
- Program service revenue
- $0
- Investment income
- $21,590
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $585,555
- Other salaries and wages
- $160,544
- Salaries, compensation and benefits (total)
- $191,668
- Professional fundraising fees
- $0
- Accounting fees
- $3,500
- Occupancy
- $15,372
- Travel
- $8,032
- Depreciation
- $420
- Program services (functional)
- $586,248
- Management and general (functional)
- $233,613
Balance sheet and other
- Total assets, start of year
- $602,685
- Total assets, end of year
- $11,015
- Total liabilities, end of year
- $24,735
- Net assets, end of year
- -$13,720
- Net assets with donor restrictions
- -$13,720
- Gross receipts
- $227,365
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1998
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT QUICK | BOARD MEMBER Trustee or director | 1 | $0 | $252,769 | $31,613 |
| GINA GREATHOUSE | BOARD MEMBER Trustee or director | 1 | $0 | $166,063 | $16,110 |
| HELEN E DEXTER | EXECUTIVE DIRECTOR Officer | 40 | $0 | $115,627 | $13,485 |
| TUCKER BALLINGER | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK MANUEL | OFFICER Trustee or director | 1 | $0 | $0 | $0 |
| ERIC SAUVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARYL SMITH | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY ANN VIMONT | OFFICER Trustee or director | 1 | $0 | $0 | $0 |
| ELISA BRUCE COOLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LYNETTE WALKER | OFFICER Trustee or director | 1 | $0 | $0 | $0 |
| TODD JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID KIDD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GWEN RILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TODD ZIEGLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CARRIE ROGERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT QUICK | BOARD MEMBER Trustee or director | 1 | $0 | $242,208 | $27,819 |
| GINA GREATHOUSE | BOARD MEMBER Trustee or director | 1 | $0 | $161,002 | $15,267 |
| HELEN E DEXTER | EXECUTIVE DIRECTOR Officer | 40 | $113,643 | $0 | $12,711 |
| TUCKER BALLINGER | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK MANUEL | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC SAUVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARYL SMITH | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY ANN VIMONT | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELISA BRUCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LYNETTE WALKER | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TODD JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID KIDD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GWEN RILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RANDALL STEVENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TODD ZIEGLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CARRIE ROGERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 EAST MAIN STREET, LEXINGTON, KY 40507-1525
- In care of
- % WILLIAM M LEAR JR
- Principal officer (990 for 2024)
- TUCKER BALLINGER, 330 EAST MAIN STREET, LEXINGTON, KY 40507
- Signed the 990
- TUCKER BALLINGER, CHAIRPERSON
- Phone
- (859) 226-1624
- Website
- WWW.BENLEXINGTON.COM
- Return prepared by
- RFH PLLC
Mission
BEN WAS FORMED TO ASSIST IN INSURING AN AVAILABLE SKILLED WORKFORCE FOR LEXINGTON THROUGH COLLABORATION BETWEEN BUSINESS, EDUCATION, AND COMMUNITY PARTNERSHIPS.
Program accomplishments
- REGIONAL COMPETITIVENESS PLAN - DEVELOPMENT OF A REGIONAL ECONCOMIC DEVELOPMENT COMPETITIVENESS STRATEGY WITH INPUT AND REPRESENTATION FROM THE NINE COUNTIES THAT COMPRISE CENTRAL KENTUCKY.Expenses $586,248 · grants $585,555
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1628472
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $11,015
- Income (IRS master file)
- $227,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $227,365 | $819,861 | $11,015 | XML |
| 990 | December 2023 | $198,164 | $347,667 | $602,685 | XML |
| 990 | December 2022 | $231,305 | $285,263 | $768,393 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1628472).
Questions about BUSINESS AND EDUCATION NETWORK INC
- What is the EIN of BUSINESS AND EDUCATION NETWORK INC?
- The employer identification number (EIN) of BUSINESS AND EDUCATION NETWORK INC is 31-1628472.
- Is BUSINESS AND EDUCATION NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BUSINESS AND EDUCATION NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS AND EDUCATION NETWORK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUSINESS AND EDUCATION NETWORK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESS AND EDUCATION NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUSINESS AND EDUCATION NETWORK INC?
- The 990 for the year ended December 31, 2024 names TUCKER BALLINGER.
- Who are the officers and directors of BUSINESS AND EDUCATION NETWORK INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does BUSINESS AND EDUCATION NETWORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $227,365, expenses of $819,861 and total assets of $11,015 at year end.
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All nonprofits in LEXINGTON · Kentucky · Community improvement and capacity building