Overview
What is Lextran Foundation Inc?
Lextran Foundation Inc, located in Lexington, Kentucky, is a nonprofit organization primarily established to support Lextran, a transportation service. The foundation's primary role is to facilitate the financing of Lextran's Headquarters project through a New Markets Tax Credit project. By acting as the leverage lender, the foundation aids in the financial expansion of Lextran's operations. The foundation operates solely for the benefit of Lextran and is based at 200 W Loudon Ave, Lexington, KY 40508.
Is Lextran Foundation Inc legitimate?
Lextran Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lextran Foundation Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lextran Foundation Inc?
The Lextran Foundation Inc. serves a specific purpose, acting as a leverage lender to facilitate the financing of the Lextran Headquarters project under the New Markets Tax Credit scheme. This foundation's primary mission is to support Lextran in this financial endeavor, aiming to contribute to the project's success. While the Lextran Foundation Inc. does not have a traditional mission statement focusing on societal or community improvement, its role in this project underscores its commitment to contributing positively to the project's development.
Who is the CEO of Lextran Foundation Inc?
Unavailable
What is the revenue of Lextran Foundation Inc?
Lextran Foundation Inc's revenue in 2023 was $3,249.
Who are the executives of Lextran Foundation Inc and what are their salaries?
There 3 volunteers at Lextran Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lextran Foundation Inc?
Lextran Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lextran Foundation Inc
Lextran Foundation Inc, as a nonprofit organization, plays a crucial role in supporting Lextran by serving as the leverage lender for the Lextran Headquarters New Markets Tax Credit Project. In simpler terms, Lextran Foundation Inc helps finance this project, contributing to its development and growth. The mission of Lextran Foundation Inc is specifically tailored towards this goal, aiming to support Lextran in its endeavors and contribute to the success of the New Markets Tax Credit Project. This project likely involves the development of infrastructure or facilities that benefit economically disadvantaged communities, as per the guidelines of the New Markets Tax Credit program. By serving as the leverage lender, Lextran Foundation Inc is assisting Lextran in accessing funding that may not be readily available, thereby contributing to its overall objectives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Lextran Foundation Inc's impact is significant in community improvement through its role as the leverage lender for the Lextran Headquarters New Markets Tax Credit Project in Lexington, KY. This initiative directly contributes to the development and enhancement of public transportation infrastructure, benefiting the community at large. By providing financial support in this specific project, Lextran Foundation Inc plays a crucial role in advancing public transportation accessibility and efficiency in the region, ultimately contributing to the overall improvement of the community.
This information is meant to be a general summary of Lextran Foundation Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $3,249
- Gross Receipts: $3,249
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER SERVICE REVENUE
Revenue
$3,249
Organization Details
Founding Year
2015
Phone
(859) 255-7756Main Address
200 W Loudon Ave, Lexington, KY, 40508
NTEE Category
Code: S20 - Community improvement
If you are a representative of Lextran Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.