Overview
What is Downtown Lexington Corporation?
Downtown Lexington Corporation (DLC) is a community and business advocacy group established in 1988. Based in Lexington, Kentucky, this nonprofit organization has over 200 members, including large businesses, small entrepreneurs, neighborhood associations, churches, educational institutions, and individuals. DLC is committed to fostering responsible economic development in the downtown business core and surrounding neighborhoods. They advocate for diversity, communication, and leadership, aiming to transform Downtown Lexington into an attractive location for retail businesses, restaurants, offices, arts and cultural activities, and a desirable place to live and work. Their activities include organizing various events such as the State of Downtown event, an ice rink, annual meetings, holidays, and other community gatherings. With a team of four dedicated individuals, DLC's mission is to promote the growth and vibrancy of Downtown Lexington.
Official website here: www.downtownlex.com
Is Downtown Lexington Corporation legitimate?
Downtown Lexington Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Downtown Lexington Corporation 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: $134,169
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,543
For more financial information, click here
Official website here: www.downtownlex.com
What is the mission statement of Downtown Lexington Corporation?
The Downtown Lexington Corporation (DLC), comprising over 200 members including businesses, entrepreneurs, neighborhood associations, churches, educational institutions, and individuals, serves as a community and business advocacy group founded in 1988. The organization encourages responsible economic development within the downtown business core and surrounding neighborhoods, advocating for diversity, communication, and leadership. DLC assists property owners, businesses, employees, and residents in transforming Downtown Lexington into a vibrant hub for retail businesses, restaurants, offices, arts and cultural activities, and an appealing place to live and work.
Official website here: www.downtownlex.com
Who is the CEO of Downtown Lexington Corporation?
Paul Johnston is the President & Ceo of Downtown Lexington Corporation. The CEO's salary of Downtown Lexington Corporation is $134,169 and their total compensation is $134,169.
Official website here: www.downtownlex.com
What is the revenue of Downtown Lexington Corporation?
Downtown Lexington Corporation's revenue in 2022 was $539,971.
Official website here: www.downtownlex.com
Who are the executives of Downtown Lexington Corporation and what are their salaries?
The average compensation at Downtown Lexington Corporation during 2022 was $65,178. There are 4 employees and 20 volunteers at Downtown Lexington Corporation.
Here are 50 key members and their salaries (Downtown Lexington Corporation's CEO's salary is $134,169 and their total compensation is $134,169):
- Compensation: $134,169
- 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
- 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
- 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
- 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
- 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
- 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
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.downtownlex.com
Where can I find the form 990 for Downtown Lexington Corporation?
Downtown Lexington Corporation's most recent form 990 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
Downtown Lexington Corporation, established in 1988, is a vibrant community and business advocacy group comprising over 200 members representing various sectors such as large businesses, small proprietors, entrepreneurs, neighborhood associations, churches, educational institutions, and individuals. This organization's primary mission is to foster responsible economic development within the downtown business core and surrounding neighborhoods, turning this central area into a thriving location for retail businesses, restaurants, offices, arts and cultural activities, and a desirable place to live and work.
Downtown Lexington Corporation advocates for diversity, communication, and leadership. It assists property owners, businesses, employees, and residents in their endeavors to make downtown Lexington a dynamic hub for retail businesses, restaurants, offices, and arts and cultural activities. The corporation's goal is to create a harmonious blend of commercial and residential spaces, promoting a sense of community and fostering economic growth. By encouraging responsible development, Downtown Lexington Corporation aims to enhance the overall appeal and vibrancy of the downtown area.
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
October, 2024
Downtown Lexington Corporation significantly influences the economic and cultural landscape of Lexington, KY. With over 200 members representing a diverse array of businesses, neighborhood associations, educational institutions, and community stakeholders, it serves as a vital advocacy group for responsible economic development in the downtown area and its surrounding neighborhoods.
By promoting an inclusive approach, the organization helps create a thriving environment that welcomes both large enterprises and small entrepreneurs. This focus on diversity fosters a vibrant business community, which in turn enhances the quality of life for residents and employees alike. The Downtown Lexington Corporation facilitates communication and leadership, assisting property owners and businesses in navigating the challenges of urban development, thus contributing to a more interconnected and resilient downtown.
Additionally, through community events like the State of Downtown and seasonal activities such as an ice rink, DLC strengthens community engagement and enhances the area's cultural vibrancy. These initiatives not only draw visitors but also encourage local patronage, bolstering retail and dining sectors. Overall, the Downtown Lexington Corporation plays an essential role in shaping a dynamic urban core that is conducive to both economic growth and community cohesion, making downtown Lexington a desirable place to live, work, and play.
This information is meant to be a general summary of Downtown Lexington Corporation. 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: -$6,861
- Program Service Revenue: $314,257
- Gross Receipts: $547,130
Assets and Liabilities:
- Total Assets: $280,071
- Total Liabilities: $0
- Net Assets: $280,071
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.
DLMD Management fee
Revenue
$30,477
Event and Sponsorships
Revenue
$283,780
Organization Details
Founding Year
1988
Phone
(859) 335-8640Principal Officer
Paul Johnston
Main Address
333 West Vine Street Ste 206, Lexington, KY, 40507
Website
www.downtownlex.comNTEE Category
Code: S31 - Community improvement
If you are a representative of Downtown Lexington Corporation 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.