Lexington African-american Sports Hall of Fame Incorporated
Nonprofit profile at a glance
- EIN
- 853390189
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Lexington, KY, USA
- Phone
- 8596082175
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $104,506
- Expenses
- $102,646
- Assets
- $1,966
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Bobby Jones (Executive Director)
People named in this filing
- Bobby Jones (Executive Director)
- Connie Rayford (Board Chairperson)
- Jennifer Jones (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LAASHoF's main purpose is to recognize, honor, and celebrate our home-grown sports legends and icons. Lexington has a unique sports history that has been displayed in many ways. However, contributions made by our African-American community have never been fully appreciated as they should. For many, the high school sports teams and legends from the segregated and early post-segregated eras are now vague memories, and for today's sports enthusiasts, totally unfamiliar. Our mission is threefold. One, to identify, celebrate, and award the contributions homegrown African-Americans have made to the rich sports history and culture in Lexington. Two, to award supplemental scholarships to local high school senior scholar-athletes. Three, to ultimately establish a Lexington African-American Sports Hall of Fame Museum in a permanent location.
What it reported doing in 2025
Hundreds guests attended our third annual hall of fame induction ceremony and black-tie gala, held last September. Local media and adoring fans watched intently as our Hall of Famers were delivered to the event venue via limousine and walked the red carpet to be interviewed. A cocktail hour ensued, as guests mingled with the Hall of Famers and reminisced about their athletic feats in the schoolyards, neighborhood parks, and playing fields in their younger days. The event also included live entertainment, fine dining, vendors, giveaways, and more. Each of our Hall of Famers and team members was awarded with a fitted black blazer emblazoned with our LAASHOF logo, similar to the Hall of Fame blazers awarded by the NFL, NBA, MLB, The Masters, etc. The recipients were jacketed onstage during the formal induction portion of the gala as their bios were read and their pictures were projected on our large screens near the stage. The cheerleaders of the championship teams were honored with silver plates commemorating their role in their teams' stellar accomplishments. In addition to the blazers, each Hall of Famer also received a trophy inscribed with his or her name, sport, the LAASHOF logo, and Hall of Fame Category. The categories for induction are Athlete, Coach, Official/Referee, and Sports Supporter/Contributor. For our deceased Hall of Famers, members of their families represented them onstage and received their trophies or silver plates. LAASHOF blazers were ordered in sizes of the family members who would wear their loved one's blazer. After the gala, we received additional requests for blazers and awards for deceased family members. Those items were purchased and presented to the family members of several of our deceased inductees.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.7%; rating input score 73
- Program expense ratio: 74%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.8%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -8.8% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 72.7% of revenue deployed · 74% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $76K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.