Skip to main content

Nonprofit · EIN 61-1222684

LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC

Tax-exempt (reinstated) · LEXINGTON, KY 40502

Financials

$643K$487K2023
Revenue Expenses · by fiscal year end
Financials of LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$642,758$486,705$156,053$442,399$0$442,399
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$561,500
of which government grants
$561,500
Program service revenue
$81,258
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$31,896
Other salaries and wages
$209,049
Salaries, compensation and benefits (total)
$261,112
Professional fundraising fees
$0
Legal fees
$860
Accounting fees
$1,277
Travel
$6,175
Program services (functional)
$438,501
Management and general (functional)
$48,204

Balance sheet and other

Total assets, start of year
$286,346
Total assets, end of year
$442,399
Total liabilities, end of year
$0
Net assets, end of year
$442,399
Net assets without donor restrictions
$442,399
Gross receipts
$642,758
Employees
9
Year formed
1992
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, 2023, highest compensation first.

NameTitleHours / weekCompensation
VANESSA MCQUEEN–35$66,136
JUDY F GLASSADMIN40$50,186
ALYSSA RODGERS–40$33,144
MORGAN BISHOP–24$32,131
CAROLYN BROWNEXEC DIR17$31,896
JULIA SPIRES–25$10,899
DAVID L WELLSPresident
Trustee or director
0$0
RUSSEL ARMSTEADDirector
Trustee or director
0$0
DENNIS KAROUNOSDirector
Trustee or director
0$0
REBECCA DUTCHDirector
Trustee or director
0$0
PEDRO VERATreasurer
Trustee or director
0$0
TUYEN TRANDirector
Trustee or director
0$0
LYN COVERTDirector
Trustee or director
0$0
MORRIS CHAMNESSDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1101 VETERANS DR STE 151, LEXINGTON, KY 40502-2235
In care of
% RESEARCH STE 151 CDD
Signed the 990
DAVID L WELLS, President
Phone
(859) 233-4511
Return prepared by
CHAMBERS CPA LLC

Mission

ASSIST IN RESEARCH AND EDUCATIONAL ACTIVITIES IN ACCORDANCE WITH FEDERAL RULES AND REGULATIONS IN ASSOCIATION WITH THE LEXINGTON VA MEDICAL CETNER

990 for the year ended December 31, 2023

Program accomplishments

  • ASSIST IN RESEARCH AND EDUCATIONAL ACTIVITIES IN ACCORDANCE WITH FEDERAL RULES AND REGULATIONS IN ASSOCIATION WITH THE LEXINGTON VA MEDICAL CETNER
    Expenses $438,501

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-1222684
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E70)
Assets (IRS master file)
$442,399
Income (IRS master file)
$642,758

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 9, 2011
Reinstated
Effective August 15, 2011

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$642,758$486,705$442,399XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 61-1222684).

Questions about LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC

What is the EIN of LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC?
The employer identification number (EIN) of LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC is 61-1222684.
Is LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective August 15, 2011.
Are donations to LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEXINGTON BIOMEDICAL RESEARCH INSTITUTE 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 LEXINGTON BIOMEDICAL RESEARCH INSTITUTE 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 LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who are the officers and directors of LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC?
The 990 for the year ended December 31, 2023 lists 14 people; 6 received compensation from the organization, the highest $66,136 (VANESSA MCQUEEN).
How much revenue does LEXINGTON BIOMEDICAL RESEARCH INSTITUTE INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $642,758, expenses of $486,705 and total assets of $442,399 at year end.

Other nonprofits in LEXINGTON

All nonprofits in LEXINGTON · Kentucky · Health care