Nonprofit · EIN 61-0734772
LEXINGTON CENTER CORPORATION
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $57,096,856 | $55,958,619 | $1,138,237 | $353,002,837 | $231,590,396 | $121,412,441 |
| June 30, 2024 | 990 | $56,755,388 | $56,693,233 | $62,155 | $357,451,239 | $238,046,980 | $119,404,259 |
| June 30, 2023 | 990 | $51,691,448 | $52,486,405 | -$794,957 | $360,161,515 | $241,142,324 | $119,019,191 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $125,000
- Program service revenue
- $55,500,327
- Investment income
- $1,471,529
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $245,363
- Accounting fees
- $49,000
- Occupancy
- $3,845,097
- Travel
- $204,294
- Depreciation
- $12,196,996
- Program services (functional)
- $55,510,574
- Management and general (functional)
- $448,045
Balance sheet and other
- Total assets, start of year
- $357,451,239
- Total assets, end of year
- $353,002,837
- Total liabilities, end of year
- $231,590,396
- Net assets, end of year
- $121,412,441
- Land, buildings and equipment
- $285,656,371
- Publicly traded securities
- $28,704,334
- Gross unrelated business income
- $269,255
- Gross receipts
- $57,096,856
- Employees
- 0
- Volunteers
- 456
- Year formed
- 1972
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN HILL | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| PHIL MAXON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| EDWARD HOLMES | FINANCE COMMITTEE CHAIR Trustee or director, Officer | 1 | $0 |
| ANN BAKHAUS | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES BROWN | BOARD MEMBER (FROM 12/24) Trustee or director | 1 | $0 |
| KIP CORNETT | BOARD MEMBER Trustee or director | 1 | $0 |
| SHERITA MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDALL VAUGHN | BOARD MEMBER Trustee or director | 1 | $0 |
| NANCY WISER | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER MOSSOTTI | BOARD MEMBER Trustee or director | 1 | $0 |
| HANNAH LEGRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD BOAZ | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES SCHRADER | BOARD MEMBER Trustee or director | 1 | $0 |
| VICE MAYOR WU | BOARD MEMBER (THRU 12/24) Trustee or director | 1 | $0 |
| FRED BROWN | BOARD MEMBER (THRU 12/24) Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY MULLANEY | DIRECTOR, FINANCE Officer | 40 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN HILL | BOARD CHAIR Trustee or director | 1 | $0 |
| PHIL MAXON | VICE CHAIR Trustee or director | 1 | $0 |
| EDWARD HOLMES | FINANCE COMMITTEE CHAIR Trustee or director | 1 | $0 |
| FRED BROWN | BOARD MEMBER Trustee or director | 1 | $0 |
| KIP CORNETT | BOARD MEMBER Trustee or director | 1 | $0 |
| SHERITA MILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDALL VAUGHN | BOARD MEMBER Trustee or director | 1 | $0 |
| ANN BAKHAUS | BOARD MEMBER Trustee or director | 1 | $0 |
| NANCY WISER | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER MOSSOTTI | BOARD MEMBER Trustee or director | 1 | $0 |
| VICE MAYOR DAN WU | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD BOAZ | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN SIPE | GENERAL MANAGER Officer | 40 | $0 |
| LAURA ALEXANDER | ASSISTANT GENERAL MANAGER Officer | 40 | $0 |
| JEFFREY MULLANEY | DIRECTOR, FINANCE Officer | 40 | $0 |
| SHANNON ELLIOTT | DIRECTOR, TICKETING Officer | 40 | $0 |
| KAREN COLLIER | DIRECTOR, HUMAN RESOURCES Officer | 40 | $0 |
| JEFFREY CLARK | DIRECTOR, OPERATIONS Officer | 40 | $0 |
| JOSEPH FIELDS | DIRECTOR, CONVENTION SALES Officer | 40 | $0 |
| THERESA LLOYD | DIRECTOR, COMPLEX EVENTS Officer | 40 | $0 |
| TREVOR CHESLER | DIRECTOR, BOOKING Officer | 40 | $0 |
| LAUREN LAYMAN | DIRECTOR, MARKETING Officer | 40 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM OWEN | DIRECTOR, CONSTRUCTIONS Former | 40 | $231,272 | $58,151 |
| KAREN HILL | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| PHIL MAXON | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| EDWARD HOLMES | FINANCE COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| FRED BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIP CORNETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHERITA MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDALL VAUGHN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANN BAKHAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NANCY WISER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER MOSSOTTI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICE MAYOR DAN WU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN SIPE | GENERAL MANAGER Officer | 40 | $0 | $0 |
| LAURA ALEXANDER | VICE PRESIDENT OF CONVENTI Officer | 40 | $0 | $0 |
| JEFFREY MULLANEY | DIRECTOR, FINANCE Officer | 40 | $0 | $0 |
| SHANNON ELLIOTT | DIRECTOR, TICKETING Officer | 40 | $0 | $0 |
| KAREN COLLIER | DIRECTOR, HUMAN RESOURCES Officer | 40 | $0 | $0 |
| JEFFREY CLARK | DIRECTOR, OPERATIONS Officer | 40 | $0 | $0 |
| JOSEPH FIELDS | DIRECTOR, CONVENTION SALES Officer | 40 | $0 | $0 |
| THERESA LLOYD | DIRECTOR, COMPLEX EVENTS Officer | 40 | $0 | $0 |
| TREVOR CHESLER | DIRECTOR, BOOKING Officer | 40 | $0 | $0 |
| STEPHANIE BORK | DIRECTOR, MARKETING Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 430 W VINE ST, LEXINGTON, KY 40507-9002
- In care of
- % NEAL WERNER
- Principal officer (990 for 2024)
- PHIL MAXON, 430 WEST VINE STREET, LEXINGTON, KY 405071617
- Signed the 990
- JEFF MULLANEY, DIRECTOR OF FINANCE
- Phone
- (859) 233-4567
- Website
- WWW.CENTRALBANKCENTER.COM
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
THE ORGANIZATION'S MISSION IS TO ENHANCE COMMUNITIES THROUGH INNOVATIVE, SHARED EXPERIENCES. OVER THE PAST YEAR THE ORGANIZATION HAS HOSTED OVER 450 LIVE EVENTS RANGING FROM ATHLETIC EVENTS, CONCERTS, CONVENTIONS, BANQUETS ETC.
Program accomplishments
- PROVIDE FACILITIES FOR PUBLIC USE. FACILITIES INCLUDE: ARENA, EXHIBITION HALL, HISTORIC THEATER AND PARKING LOTSExpenses $55,510,574 · revenue $55,231,072
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0734772
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $353,002,837
- Income (IRS master file)
- $57,096,856
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $57,096,856 | $55,958,619 | $353,002,837 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $56,755,388 | $56,693,233 | $357,451,239 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $51,691,448 | $52,486,405 | $360,161,515 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $33,922,346 | $37,710,228 | $368,571,113 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 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 61-0734772).
Questions about LEXINGTON CENTER CORPORATION
- What is the EIN of LEXINGTON CENTER CORPORATION?
- The employer identification number (EIN) of LEXINGTON CENTER CORPORATION is 61-0734772.
- Is LEXINGTON CENTER CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to LEXINGTON CENTER CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEXINGTON CENTER CORPORATION 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 LEXINGTON CENTER CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON CENTER CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LEXINGTON CENTER CORPORATION?
- The 990 for the year ended June 30, 2025 names PHIL MAXON.
- Who are the officers and directors of LEXINGTON CENTER CORPORATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does LEXINGTON CENTER CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $57,096,856, expenses of $55,958,619 and total assets of $353,002,837 at year end.
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All nonprofits in LEXINGTON · Kentucky · Community improvement and capacity building