Central Bank Center
Legal name: Lexington Center Corporation
Nonprofit profile at a glance
- EIN
- 610734772
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Lexington, KY, United States
- Phone
- (859) 233-3535
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $57,096,856
- Expenses
- $55,958,619
- Assets
- $353,002,837
- Liabilities
- $231,590,396
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
People named in this filing
- KAREN HILL (BOARD CHAIR)
- PHIL MAXON (VICE CHAIR)
- EDWARD HOLMES (FINANCE COMMITTEE CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhancing communities through innovative shared experiences. Unsurpassed Support Services For Your Event Did you know LEXPO can provide off-site rentals? It offers a range of services for exhibitors to ensure you have the most productive tradeshow experience possible. With a history of servicing tradeshows for notable names like the Kentucky Horse Park, Red Mile, and others, LEXPO possesses the resources to ensure a fabulous tradeshow. LEXPO will travel within 90 miles of Central Bank Center to coordinate off site services.
What it reported doing in 2024
Provide facilities for public use. Facilities include: arena, exhibition hall, historic theater and parking lots
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.7%; rating input score 95
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 6.31; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 11.3% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 14% per year; rating input score 100; 84th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 94.7% of revenue deployed · 99.2% of spending went to programs
- Governance: 13 of 13 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $55.5M in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Highest-paid contractors: 5 contractors listed · $3.6M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 43/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.