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Lexington Biomedical Research

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

EIN: 611222684 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Lexington Biomedical Research?

Lexington Biomedical Research is a nonprofit organization situated in Lexington, Kentucky, specifically at 1101 Veterans Drive, Suite 151. Their primary focus is to contribute to research and educational activities in accordance with federal guidelines. They collaborate closely with the Lexington VA Medical Center, aiming to advance knowledge and healthcare through these collaborative efforts. The organization boasts a team of eight dedicated individuals, working tirelessly towards their mission.


Official website here: www.5240

Is Lexington Biomedical Research legitimate?

Lexington Biomedical Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Biomedical Research 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: $30,611
Professional Fundraising Fees: $0
Other Salaries and Wages: $191,736

For more financial information, click here


Official website here: www.5240

What is the mission statement of Lexington Biomedical Research?

Lexington Biomedical Research is committed to supporting research and educational activities, adhering to federal guidelines. Their mission involves working in collaboration with the Lexington VA Medical Center, contributing to advancements in medical knowledge and healthcare. Their primary focus is on conducting research in accordance with federal regulations, contributing to the broader scientific community. Their activities aim to enhance our understanding of various medical conditions and contribute to the development of improved therapeutic interventions. The organization also plays a role in educating individuals involved in these research endeavors, ensuring that they are well-versed in the relevant regulations and ethical considerations.


Official website here: www.5240

Who is the CEO of Lexington Biomedical Research?

John K Wilson Md is the President of Lexington Biomedical Research.


Official website here: www.5240

What is the revenue of Lexington Biomedical Research?

Lexington Biomedical Research's revenue in 2021 was $390,300.


Official website here: www.5240

Who are the executives of Lexington Biomedical Research and what are their salaries?

The average compensation at Lexington Biomedical Research during 2021 was $27,793. There are 8 employees at Lexington Biomedical Research.


Here are 14 key members and their salaries:


Vanessa Mcqueen ()
  • Compensation: $45,091
  • Related: $0
  • Other: $0
Judy F Glass (Admin)
  • Compensation: $42,171
  • Related: $0
  • Other: $0
Morgan Bishop ()
  • Compensation: $39,973
  • Related: $0
  • Other: $0
Gwendolyn Thompson ()
  • Compensation: $36,252
  • Related: $0
  • Other: $0
Carolyn Brown (Exec Dir)
  • Compensation: $30,610
  • Related: $0
  • Other: $0
Julia Spires ()
  • Compensation: $24,652
  • Related: $0
  • Other: $0
John K Wilson Md (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory W Goins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Karounos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Dutch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Vera (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tuyen Tran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyn Covert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morris Chamness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.5240

Where can I find the form 990 for Lexington Biomedical Research?

Lexington Biomedical Research's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.5240

Learn more at the official website: www.5240

Mission Statement of Lexington Biomedical Research

Lexington Biomedical Research is dedicated to supporting research and educational activities in compliance with federal regulations. This nonprofit organization collaborates closely with the Lexington VA Medical Center to contribute to these activities. Their mission is to contribute to advancements in medical knowledge and improve healthcare practices by participating in research projects and educational initiatives, all while adhering to federal guidelines.

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Impact




October, 2024

Lexington Biomedical Research plays a pivotal role in advancing medical knowledge and improving health outcomes through its dedicated research and educational initiatives. By collaborating closely with the Lexington VA Medical Center, it enhances the scope and quality of research, ensuring adherence to federal rules and regulations. This partnership not only fosters innovation in medical studies but also facilitates the sharing of vital information and educational resources for healthcare professionals and the community. The research activities contribute significantly to understanding various health conditions and developing effective treatments, ultimately benefiting veterans and the broader population in Kentucky and beyond.




This information is meant to be a general summary of Lexington Biomedical Research. 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
$390,300 (2021)
Expenses
$423,892 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $97,531
  • Gross Receipts: $390,300

Assets and Liabilities:

  • Total Assets: $352,140
  • Total Liabilities: $0
  • Net Assets: $352,140

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees & Contracts Gov Agencies

Revenue

$97,531

Organization Details

Founding Year

1992

Principal Officer

John K Wilson Md

Main Address

1101 VETERANS DR STE 151, LEXINGTON, KY, 40502

Website

www.5240

NTEE Category

Code: E70 - Health

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