Civic Intelligence

Lextran Real Properties Inc

990 • Fiscal year 2017 • EIN 47-3008706

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 04, 2017

Organization ProfileN/A
109 W Loudon AveLexington, KY 40508

(859) 255-7756

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.98x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

17.40x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

1st percentile

-290%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

2nd percentile

-25%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$12,905,570

Down $4,258,130 (-25%) from 2016

Net Assets

Down

$232,170

Down $2,113,977 (-90%) from 2016

Liabilities

Down

$12,673,400

Down $2,144,153 (-14%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin1st percentile

Revenue

Up

$728,321

Up $728,321 from 2016

Expenses

Up

$2,842,299

Up $2,131,214 (+300%) from 2016

Net Income

Down

-$2,113,978

Down $1,402,893 (-197%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2015: $17,999,095Liabilities 2015: $14,941,862Net Assets 2015: $3,057,2332015Assets 2016: $17,163,700Liabilities 2016: $14,817,553Net Assets 2016: $2,346,1472016Assets 2017: $12,905,570Liabilities 2017: $12,673,400Net Assets 2017: $232,1702017Assets 2018: $12,941,132Liabilities 2018: $12,673,400Net Assets 2018: $267,7322018Assets 2019: $12,884,509Liabilities 2019: $12,673,400Net Assets 2019: $211,1092019Assets 2020: $13,471,366Liabilities 2020: $13,173,400Net Assets 2020: $297,9662020Assets 2021: $13,582,115Liabilities 2021: $12,673,400Net Assets 2021: $908,7152021Assets 2022: $13,572,971Liabilities 2022: $12,673,400Net Assets 2022: $899,5712022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$12,905,570
Liabilities$12,673,400
Net Assets$232,170
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2015: $3,883,112Expenses 2015: $825,879Net Income 2015: $3,057,2332015Revenue 2016: $0Expenses 2016: $711,085Net Income 2016: -$711,0852016Revenue 2017: $728,321Expenses 2017: $2,842,299Net Income 2017: -$2,113,9782017Revenue 2018: $787,086Expenses 2018: $751,524Net Income 2018: $35,5622018Revenue 2019: $799,824Expenses 2019: $856,447Net Income 2019: -$56,6232019Revenue 2020: $801,816Expenses 2020: $714,959Net Income 2020: $86,8572020Revenue 2021: $826,056Expenses 2021: $215,307Net Income 2021: $610,7492021Revenue 2022: $206,521Expenses 2022: $215,665Net Income 2022: -$9,1442022Revenue 2023: $0Expenses 2023: $63,438Net Income 2023: -$63,4382023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2017

Revenue$728,321
Expenses$2,842,299
Net Income-$2,113,978
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 4, 2017
Return Version
2016v3.0
Gross Receipts
$728,321
Mission and Program Overview

Mission

Lextran Real Properties, Inc. serves as the qualified active low income community business (QALICB) and owner of the Lextran Headquarters New Markets Tax Credit Project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,019,547$12,875,394▼ $2,144,153
Rtn Earn Endowment Incm Other Fnds$0$232,170▲ $232,170
Cash and Non-Interest-Bearing Accounts$2,144,154$30,176▼ $2,113,978
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Total Assets$17,163,701$12,905,570▼ $4,258,131
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,817,553$12,673,400▼ $2,144,153
Other Liabilities$0$0→ $0
Total Liabilities$14,817,553$12,673,400▼ $2,144,153
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,490,300--
Unrestricted Net Assets$-2,144,152--
Total Net Assets Fund Balance$2,346,148$232,170▼ $2,113,978
Total Liabilities and Net Assets / Fund Balance$17,163,701$12,905,570▼ $4,258,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,776,610-$10,776,610
Land$1,705,700-$1,705,700
Equipment$393,084-$393,084
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
-President
-Board of Directors
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$728,321
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,113,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,842,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,730,556$0$0$2,730,556
Fees for Services Other$0$111,743$0$111,743
Total Functional Expenses$2,730,556$111,743$0$2,842,299
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A Process to Establish Compensation

“None of the directors or officers are compensated, therefore the Form 990 instructions require this to be answered "no."”

Form 990, Part VI, Line 15B Process to Establish Compensation

“None of the directors or officers are compensated, therefore the Form 990 instructions require this to be answered "no."”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The boards of directors of the Foundation and Lextran Real Properties are appointed by the Lextran board of directors and the organizations are set up for exclusive benefit of the Authority.”

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“The organization had no committees with the authority to act on behalf of the governing body.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“A complete copy of the 990 is provided to every member of the board of the governing body prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“All board members must annually, or at time of change in relationship, fill out a conflict of interest policy. All statements are reviewed by management. If a conflict of interest exists, the member involved in the conflict shall abstain from voting on issues related to that conflict.”

Form 990, Part VI, Line 19 Required documents available to the public

“An organizations financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.”

Filing and Contact Details

Filer

Filer Name
Lextran Real Properties Inc
EIN
47-3008706
Phone
8592557756
Address
109 W Loudon Ave, Lexington, KY 40508

Signing Officer

Name
Jeff Fugate
Title
President
Signed
2017-10-04
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ky
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Crowe Horwath Llp
Address
9600 Brownsboro Road Suite 400, Louisville, KY 40241-1122
Preparer
Rachel Spurlock
Phone
5023263996
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Expenses

“Construction Reimbursement - Total Expense: 2144117, Program Service Expense: 2144117, Management and General Expenses: , Fundraising Expenses: ; Miscellaneous Expenses - Total Expense: 586439, Program Service Expense: 586439, Management and General Expenses: , Fundraising Expenses: ;”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“As of june 30, 2017, the authority had not received the final project closeout for all grants for the years ended june 30, 2017. A final project closeout represents that the project has been completed and totally funded with final approval by the inspector general. Management does not believe that there will be any material audit adjustments to the grants by the inspector general; therefore, no provision for such has been reflected in the financial statements. The authority is involved in various claims and arbitration involving former employees and certain other matters. Since the possibility of loss is not probable or measurable in management's current estimation, no loss has been recorded in the authority's financial statements.”

Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Lextran Real Properties, Inc. serves as the qualified active low income community business (QALICB) and owner of the Lextran Headquarters New Markets Tax Credit Project.
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02730556
IRS990/AllOtherExpensesGrp/TotalAmt02730556
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Nikki Falconbury
IRS990/BooksInCareOfDetail/PhoneNum08592557756
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0220 West Louden Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lexington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd040508
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02144154
IRS990/CashNonInterestBearingGrp/EOYAmt030176
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02842299
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0728321
IRS990/CYRevenuesLessExpensesAmt0-2113978
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02842299
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0728321
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Lextran Real Properties, Inc. is organized and operated exclusively for the benefit of Lextran and specifically for purposes of assisting in the New Market Tax Transaction.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02730556
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0111743
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt0111743
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Edward Kasarskis
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1Jeff Fugate
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2George Miller
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Ann Render
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board of Directors
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0728321
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015019547
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012875394
IRS990/LandBldgEquipCostOrOtherBssAmt012875394
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Lextran Real Properties, Inc. serves as the qualified active low income community business (QALICB) and owner of the Lextran Headquarters New Markets Tax Credit Project.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014817553
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012673400
IRS990/NetAssetsOrFundBalancesBOYAmt02346148
IRS990/NetAssetsOrFundBalancesEOYAmt0232170
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Jeff Fugate
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0Lease Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0728321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0728321
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0711085
IRS990/PYRevenuesLessExpensesAmt0-711085
IRS990/PYTotalExpensesAmt0711085
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-2113978
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0728321
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0232170
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0610850923
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Transit Authority of Lexington Fayette Urban County Government
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010776610
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010776610
IRS990ScheduleD/EquipmentGrp/BookValueAmt0393084
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0393084
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01705700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01705700
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF JUNE 30, 2017, THE AUTHORITY HAD NOT RECEIVED THE FINAL PROJECT CLOSEOUT FOR ALL GRANTS FOR THE YEARS ENDED JUNE 30, 2017. A FINAL PROJECT CLOSEOUT REPRESENTS THAT THE PROJECT HAS BEEN COMPLETED AND TOTALLY FUNDED WITH FINAL APPROVAL BY THE INSPECTOR GENERAL. MANAGEMENT DOES NOT BELIEVE THAT THERE WILL BE ANY MATERIAL AUDIT ADJUSTMENTS TO THE GRANTS BY THE INSPECTOR GENERAL; THEREFORE, NO PROVISION FOR SUCH HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. THE AUTHORITY IS INVOLVED IN VARIOUS CLAIMS AND ARBITRATION INVOLVING FORMER EMPLOYEES AND CERTAIN OTHER MATTERS. SINCE THE POSSIBILITY OF LOSS IS NOT PROBABLE OR MEASURABLE IN MANAGEMENT'S CURRENT ESTIMATION, NO LOSS HAS BEEN RECORDED IN THE AUTHORITY'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012875394
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0None of the directors or officers are compensated, therefore the Form 990 instructions require this to be answered "no."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1None of the directors or officers are compensated, therefore the Form 990 instructions require this to be answered "no."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The boards of directors of the Foundation and Lextran Real Properties are appointed by the Lextran board of directors and the organizations are set up for exclusive benefit of the Authority.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization had no committees with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A complete copy of the 990 is provided to every member of the board of the governing body prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All board members must annually, or at time of change in relationship, fill out a conflict of interest policy. All statements are reviewed by management. If a conflict of interest exists, the member involved in the conflict shall abstain from voting on issues related to that conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6An organizations financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Construction Reimbursement - Total Expense: 2144117, Program Service Expense: 2144117, Management and General Expenses: , Fundraising Expenses: ; Miscellaneous Expenses - Total Expense: 586439, Program Service Expense: 586439, Management and General Expenses: , Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15a Process to Establish Compensation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b Process to Establish Compensation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g Other Expenses
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Lextran Transit Authority of Lexington-Fayette
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Lextran Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Transit Authority of Lexington-Fayette
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0473644429
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Lender to Finance Lextran
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Provides public transportation to residents
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0109 W LOUDON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1109 W LOUDON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Lexington
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Lexington
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040508
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd140508
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04490300
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017163701
IRS990/TotalAssetsEOYAmt012905570
IRS990/TotalAssetsGrp/BOYAmt017163701
IRS990/TotalAssetsGrp/EOYAmt012905570
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0111743
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02730556
IRS990/TotalFunctionalExpensesGrp/TotalAmt02842299
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014817553
IRS990/TotalLiabilitiesEOYAmt012673400
IRS990/TotalLiabilitiesGrp/BOYAmt014817553
IRS990/TotalLiabilitiesGrp/EOYAmt012673400
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02346148
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0232170
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt02730556
IRS990/TotalProgramServiceRevenueAmt0728321
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0728321
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0728321
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017163701
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012905570
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2144152
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 W Loudon Ave
IRS990/USAddress/CityNm0Lexington
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040508
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeff Fugate
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lextran Real Properties Inc
ReturnHeader/Filer/BusinessNameControlTxt0LEXT
ReturnHeader/Filer/EIN0473008706
ReturnHeader/Filer/PhoneNum08592557756
ReturnHeader/Filer/USAddress/AddressLine1Txt0109 W Loudon Ave
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040508
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350921680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CROWE HORWATH LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09600 Brownsboro Road Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Louisville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402411122
ReturnHeader/PreparerPersonGrp/PhoneNum05023263996
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rachel Spurlock
ReturnHeader/ReturnTs02017-10-09T14:00:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,905,570
Liabilities
$12,673,400
Net assets
$232,170
Revenue
$728,321
Expenses
$2,842,299
Net income
-$2,113,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.06$0.06
2022Detailed filing. Detailed filing data is available for this year.$13.6$12.7$0.90$0.21$0.22$0.01
2021Detailed filing. Detailed filing data is available for this year.$13.6$12.7$0.91$0.83$0.22$0.61
2020Detailed filing. Detailed filing data is available for this year.$13.5$13.2$0.30$0.80$0.71$0.09
2019Detailed filing. Detailed filing data is available for this year.$12.9$12.7$0.21$0.80$0.86$0.06
2018Detailed filing. Detailed filing data is available for this year.$12.9$12.7$0.27$0.79$0.75$0.04
2017Detailed filing. Detailed filing data is available for this year.$12.9$12.7$0.23$0.73$2.84$2.11
2016Detailed filing. Detailed filing data is available for this year.$17.2$14.8$2.35$0.00$0.71$0.71
2015Detailed filing. Detailed filing data is available for this year.$18.0$14.9$3.06$3.88$0.83$3.06