Overview
What is Lexington Lodge No 1 Holding Company Inc?
Lexington Lodge No 1 Holding Company Inc is a nonprofit organization established in Lexington, Kentucky. Its primary role is to manage properties and collect income from them. The company then distributes the income, less expenses, to the Free & Accepted Masons of Kentucky No. 1 Lexington F&AM Ltd., an organization exempt from income tax under Section 501(C)(10) of the Internal Revenue Code. This partnership allows the Free & Accepted Masons organization to utilize the funds for its operations and initiatives.
Is Lexington Lodge No 1 Holding Company Inc legitimate?
Lexington Lodge No 1 Holding Company Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lexington Lodge No 1 Holding Company 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
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What is the mission statement of Lexington Lodge No 1 Holding Company Inc?
Lexington Lodge No 1 Holding Company Inc's primary role is to manage and oversee a property, generating income from it. The company then distributes the majority of this income, after deducting expenses, to Free & Accepted Masons of Kentucky No. 1 Lexington F&AM Ltd., an organization exempt from income tax under Section 501(C)(10) of the Internal Revenue Code. The company's mission can be summarized as supporting the Free & Accepted Masons of Kentucky No. 1 Lexington F&AM Ltd. financially, allowing them to continue their operations and activities. The Holding Company does not have a mission directly related to community service or social causes.
What is the revenue of Lexington Lodge No 1 Holding Company Inc?
Lexington Lodge No 1 Holding Company Inc's revenue in 2023 was $96,000.
Who are the executives of Lexington Lodge No 1 Holding Company Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lexington Lodge No 1 Holding Company Inc?
Lexington Lodge No 1 Holding Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lexington Lodge No 1 Holding Company Inc
Lexington Lodge No 1 Holding Company Inc's primary role is to manage and preserve property, generating income from it. This income is then meticulously channeled to the Free & Accepted Masons of Kentucky No. 1 Lexington F&AM Ltd., an organization that enjoys tax-exempt status under Section 501(C)(10) of the Internal Revenue Code. In essence, Lexington Lodge No 1 Holding Company Inc serves as a financial intermediary, managing property and distribution of funds, supporting the exempt organization's operations and objectives.
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Impact
October, 2024
Lexington Lodge No 1 Holding Company Inc plays a crucial role in supporting the Free & Accepted Masons of Kentucky No. 1 Lexington F&AM Ltd by managing property assets and generating income. By holding the title to property and ensuring that income is collected and properly allocated, the Holding Company directly contributes to the financial health of the Masonic organization.
This model helps streamline financial operations and allows the Masons to focus on their community and charitable activities without the added burden of property management. The funds provided assist in sustaining various initiatives and programs that benefit the community, underscoring the organization's commitment to community improvement and support.
The Holding Company's activities strengthen the ties within the Masonic community, allowing for greater engagement and outreach efforts. Overall, its impact is felt both within the organization and in the broader Lexington community through enhanced support and resources for charitable endeavors.
This information is meant to be a general summary of Lexington Lodge No 1 Holding Company 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: $96,000
- Gross Receipts: $96,000
Assets and Liabilities:
- Total Assets: $1,037,029
- Total Liabilities: $0
- Net Assets: $1,037,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL TO RELATED ORGA
Revenue
$96,000
Organization Details
Founding Year
2018
Principal Officer
Chris Lewis
NTEE Category
Code: S47 - Community improvement
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