Overview
What is Commerce Lexington Inc?
Commerce Lexington Inc is a nonprofit organization situated in Lexington, Kentucky, with a location at 330 East Main Street, 40507. Their primary mission is to represent their member organizations, fostering an environment and opportunities that promote economic prosperity and enhance the quality of life in Central Kentucky. They accomplish this through various activities, such as organizing conferences, hosting monthly programs, and coordinating annual meetings. Furthermore, they distribute publications to keep their members informed. With a workforce of 21 individuals, Commerce Lexington Inc plays a significant role in supporting the economic growth and well-being of the Central Kentucky community.
Official website here: www.commercelexington.com
Is Commerce Lexington Inc legitimate?
Commerce Lexington Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Commerce Lexington 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: $215,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,398,961
For more financial information, click here
Official website here: www.commercelexington.com
What is the mission statement of Commerce Lexington Inc?
Commerce Lexington Inc's mission is to represent its member organizations, striving to establish a conducive environment and opportunities for economic growth and improved living standards. The organization's primary goal is to foster prosperity in central Kentucky. To achieve this, Commerce Lexington Inc provides various services to its members, such as hosting conferences, monthly programs, and annual meetings, as well as publishing relevant materials.
In summary, Commerce Lexington Inc's mission is to act as an advocate for its member organizations, working to create conditions that promote economic success and enhance the overall quality of life in central Kentucky. The organization accomplishes this by offering a range of services, including events, programs, and publications.
Official website here: www.commercelexington.com
Who is the CEO of Commerce Lexington Inc?
Robert Quick is the President & Ceo of Commerce Lexington Inc. The CEO's salary of Commerce Lexington Inc is $204,499 and their total compensation is $215,307.
Official website here: www.commercelexington.com
What is the revenue of Commerce Lexington Inc?
Commerce Lexington Inc's revenue in 2022 was $4,156,532.
Official website here: www.commercelexington.com
Who are the executives of Commerce Lexington Inc and what are their salaries?
The average compensation at Commerce Lexington Inc during 2022 was $76,870. There are 21 employees and 62 volunteers at Commerce Lexington Inc.
Here are 22 key members and their salaries (Commerce Lexington Inc's CEO's salary is $204,499 and their total compensation is $215,307):
- Compensation: $204,499
- Related: $0
- Other: $10,808
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $128,545
- Related: $0
- Other: $9,251
- Compensation: $108,978
- Related: $0
- Other: $8,827
- Compensation: $103,514
- Related: $0
- Other: $8,734
- Compensation: $103,489
- Related: $0
- Other: $8,738
Official website here: www.commercelexington.com
Where can I find the form 990 for Commerce Lexington Inc?
Commerce Lexington Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commercelexington.com
Learn more at the official website: www.commercelexington.com
Mission Statement of Commerce Lexington Inc
Commerce Lexington Inc, a nonprofit organization, is devoted to representing its members and fostering an environment that promotes economic prosperity and enhances the quality of life in Central Kentucky. Its mission is to create opportunities for its members, enabling them to thrive and contribute to their community's well-being. Commerce Lexington Inc achieves this objective by providing various services to its member organizations, including conferences, monthly programs, annual meetings, and publications. These activities aim to connect members, share knowledge, and foster collaboration, ultimately contributing to the economic growth and quality of life in Central Kentucky.
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Impact
October, 2024
Commerce Lexington Inc plays a pivotal role in fostering economic growth and enhancing quality of life in Central Kentucky. By actively representing its members, it creates a conducive environment for business development and prosperity. The organization facilitates various services designed to support its member organizations, including conferences, monthly programs, annual meetings, and publications that provide valuable resources and networking opportunities.
Through these initiatives, Commerce Lexington Inc drives collaboration among local businesses, spurring innovation and investment within the community. Its focus on economic prosperity not only benefits its members but also contributes to the overall vitality of the Lexington area, making it an attractive place for residents and entrepreneurs alike. The organization's commitment to quality living further enhances the region's appeal, ensuring that Lexington remains a dynamic hub for both current and future generations.
This information is meant to be a general summary of Commerce Lexington 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 2022.
- Investment Income: $27,701
- Program Service Revenue: $1,629,287
- Gross Receipts: $4,156,532
Assets and Liabilities:
- Total Assets: $6,824,695
- Total Liabilities: $2,994,332
- Net Assets: $3,830,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL PROJECTS
Revenue
$1,288,695
ADVERTISING REVENUE
Revenue
$208,122
PROGRAM SERVICES
Revenue
$132,470
Organization Details
Founding Year
1942
Phone
(859) 254-4447Principal Officer
Robert Quick
Main Address
330 EAST MAIN STREET, LEXINGTON, KY, 40507
Website
www.commercelexington.comIf you are a representative of Commerce Lexington 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.