Civic Intelligence

Lextran Foundation Inc.

990 • Fiscal year 2015 • EIN 47-3644429

Apr 07, 2015 to Jun 30, 2015 • Filed on Feb 03, 2016

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

1.00x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$8,355,000

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$8,355,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0Assets 2015: $8,355,000Liabilities 2015: $8,355,000Net Assets 2015: $02015Assets 2016: $8,441,799Liabilities 2016: $8,355,000Net Assets 2016: $86,7992016Assets 2017: $8,355,978Liabilities 2017: $8,355,000Net Assets 2017: $9782017Assets 2018: $8,376,274Liabilities 2018: $8,355,000Net Assets 2018: $21,2742018Assets 2019: $8,375,872Liabilities 2019: $8,355,000Net Assets 2019: $20,8722019Assets 2020: $8,459,174Liabilities 2020: $8,355,000Net Assets 2020: $104,1742020Assets 2021: $8,542,497Liabilities 2021: $8,355,000Net Assets 2021: $187,4972021Assets 2022: $8,625,838Liabilities 2022: $8,355,000Net Assets 2022: $270,8382022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$8,355,000
Liabilities$8,355,000
Net Assets$0
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $86,799Expenses 2016: $0Net Income 2016: $86,7992016Revenue 2017: $83,550Expenses 2017: $169,371Net Income 2017: -$85,8212017Revenue 2018: $83,550Expenses 2018: $63,254Net Income 2018: $20,2962018Revenue 2019: $83,550Expenses 2019: $83,952Net Income 2019: -$4022019Revenue 2020: $83,550Expenses 2020: $248Net Income 2020: $83,3022020Revenue 2021: $83,550Expenses 2021: $227Net Income 2021: $83,3232021Revenue 2022: $83,550Expenses 2022: $209Net Income 2022: $83,3412022Revenue 2023: $3,249Expenses 2023: $0Net Income 2023: $3,2492023

Highlighted filing

2015

Revenue$0
Expenses$0
Net Income$0
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Apr 7, 2015 to Jun 30, 2015
Signed
Feb 3, 2016
Return Version
2014v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

Lextran Foundation, Inc. serves as the leverage lender in order to finance the Lextran Headquarters New Markets Tax Credit Project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$8,355,000-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Total Assets$0$8,355,000▲ $8,355,000
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$8,355,000▲ $8,355,000
Total Liabilities$0$8,355,000▲ $8,355,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$8,355,000▲ $8,355,000
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
-President
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Transit Authority of Lexington-Fayette Urban County Government$8,355,000
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

“Compensation of the Organization's president and other officers is paid by Lextran Inc., a related tax exempt organization. Because the organization's president and other officers are not paid by the filing organization, the Form 990 instructions require this to be answered "no."”

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

“Compensation of the Organization's president and other officers is paid by Lextran Inc., a related tax exempt organization. Because the organization's president and other officers are not paid by the filing organization, the Form 990 instructions require this to be answered "no."”

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 Foundation Inc
EIN
47-3644429
Phone
8592557756
Address
109 W Loudon Ave, Lexington, KY 40508

Signing Officer

Name
Jeff Fugate
Title
President
Signed
2016-02-03
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ky
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

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

Financial Statement Notes

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

“As of June 30, 2015, the Authority had not received the final project closeout for all grants for the years ended June 30, 2015. 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 arbitrations 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.”

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

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt00
IRS990ScheduleA/TotalSupportAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08355000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Transit Authority of Lexington-Fayette Urban County Government
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As of June 30, 2015, the Authority had not received the final project closeout for all grants for the years ended June 30, 2015. 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 arbitrations 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/TotalLiabilityAmt08355000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Compensation of the Organization's president and other officers is paid by Lextran Inc., a related tax exempt organization. Because the organization's president and other officers are not paid by the filing organization, the Form 990 instructions require this to be answered "no."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation of the Organization's president and other officers is paid by Lextran Inc., a related tax exempt organization. Because the organization's president and other officers are not paid by the filing organization, the Form 990 instructions require this to be answered "no."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A complete copy of the 990 is provided to every member of the board of the governing body prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All 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/ExplanationTxt4An 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/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 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Lextran Transit Authority of Lexington-Fayette
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Lextran Real Properties Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Transit Authority of Lexington-Fayette
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0473008706
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Support of Lextran Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Provides Public Transportation to Residents
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Type I
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt08355000
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt08355000
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt08355000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt08355000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,355,000
Liabilities
$8,355,000
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$8.63$8.36$0.27$0.08$0.00$0.08
2021Detailed filing. Detailed filing data is available for this year.$8.54$8.36$0.19$0.08$0.00$0.08
2020Detailed filing. Detailed filing data is available for this year.$8.46$8.36$0.10$0.08$0.00$0.08
2019Detailed filing. Detailed filing data is available for this year.$8.38$8.36$0.02$0.08$0.08$0.00
2018Detailed filing. Detailed filing data is available for this year.$8.38$8.36$0.02$0.08$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$8.36$8.36$0.00$0.08$0.17$0.09
2016Detailed filing. Detailed filing data is available for this year.$8.44$8.36$0.09$0.09$0.00$0.09
2015Detailed filing. Detailed filing data is available for this year.$8.36$8.36$0.00$0.00$0.00$0.00