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Downtown Lexington Corporation Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203026004 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Downtown Lexington Corporation Foundation?

The Downtown Lexington Corporation Foundation is a charitable organization that prioritizes multicultural and educational endeavors. They achieve this goal by sponsoring events such as Mayfest, holiday celebrations, LexJam, Street Scene, and various other initiatives within the downtown area. Beyond event organization, the foundation's mission is to encourage businesses and individuals to contribute to the betterment of downtown Lexington, with a particular focus on addressing homelessness and enhancing the city's aesthetics through beautification projects.


Official website here: www.downtownlex.com

What do the Facebook reviews say about Downtown Lexington Corporation Foundation?

92% of 27 reviewers on Facebook recommend the Downtown Lexington Corporation Foundation. Here is a summary of their reviews:

While the majority of the feedback reflects support for the organization, there are some concerns regarding specific events. One reviewer mentioned issues with noise levels during a movie, indicating a lack of responsiveness from event staff. This could suggest room for improvement in addressing attendee comfort.

Overall, the positive recommendations indicate that many appreciate the foundation's efforts in enhancing the community, despite facing some challenges in event management. The organization seems to have a strong base of support, emphasizing its role in creating engaging activities for the public.


This AI summary has been generated from reviews found on Facebook.

Is Downtown Lexington Corporation Foundation legitimate?

Downtown Lexington Corporation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Lexington Corporation Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.downtownlex.com

What is the mission statement of Downtown Lexington Corporation Foundation?

The Downtown Lexington Corporation Foundation's mission is centered around supporting multicultural and educational initiatives. They achieve this by organizing events such as Mayfest, holiday celebrations, LexJam, Street Scene, and various other downtown initiatives. The primary objective of the foundation is to offer a platform for businesses and individuals to contribute to the betterment of downtown Lexington. This is accomplished by addressing homeless issues and promoting urban beautification. In essence, the foundation serves as a medium for investment in the community, focusing on enhancing its cultural and educational aspects while addressing social concerns.


Official website here: www.downtownlex.com

Who is the CEO of Downtown Lexington Corporation Foundation?

Terry Sweeney is the President of Downtown Lexington Corporation Foundation.


Official website here: www.downtownlex.com

What is the revenue of Downtown Lexington Corporation Foundation?

Downtown Lexington Corporation Foundation's revenue in 2022 was $25.


Official website here: www.downtownlex.com

Who are the executives of Downtown Lexington Corporation Foundation and what are their salaries?


Here are 11 key members and their salaries:


Terry Sweeney (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Taylor (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melody Flowers (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Johnston (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Woodford Webb (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Grossman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Wetherby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Bakhaus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Beth Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Camden Skidmore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.downtownlex.com

Where can I find the form 990EZ for Downtown Lexington Corporation Foundation?

Downtown Lexington Corporation Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.downtownlex.com

Learn more at the official website: www.downtownlex.com

Mission Statement of Downtown Lexington Corporation Foundation

The Downtown Lexington Corporation Foundation is committed to promoting multicultural and educational initiatives in its community. It achieves this mission by organizing events such as Mayfest, holiday celebrations, LexJam, Street Scene, and various other downtown initiatives. By doing so, the foundation provides an opportunity for businesses and individuals to invest in the revitalization of downtown Lexington. Furthermore, the Downtown Lexington Corporation Foundation is dedicated to addressing homelessness and enhancing the aesthetic appeal of the area through its mission. This multifaceted approach allows the foundation to contribute positively to the overall well-being and development of its community.

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Impact




October, 2024

The Downtown Lexington Corporation Foundation significantly impacts the community by enhancing the cultural and social vibrancy of downtown Lexington. Through a variety of events such as Mayfest, holiday celebrations, LexJam, and Street Scene, it fosters a sense of community and inclusivity while celebrating the area's multicultural heritage. These initiatives not only bring residents together but also attract visitors, thereby stimulating local businesses and the economy.

Additionally, the foundation addresses pressing social issues, including homelessness, by encouraging businesses and individuals to invest in solutions and beautification efforts throughout downtown. This dual focus on cultural engagement and social responsibility helps create a more attractive, welcoming, and supportive environment for all residents and visitors, ultimately improving the quality of life in the city.




This information is meant to be a general summary of Downtown Lexington Corporation Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$25 (2022)
Expenses
$4,200 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $25

Assets and Liabilities:

  • Total Assets: $7,331
  • Total Liabilities: $0
  • Net Assets: $7,331

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Organization Details

Principal Officer

Terry Sweeney

Main Address

333 West Vine Street Suite 206, Lexington, KY, 40507

NTEE Category

Code: S11 - Community improvement

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