Lexington Foundation Inc
Nonprofit profile at a glance
- EIN
- 141689110
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Johnstown, NY, USA
- Phone
- 5187755412
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Developmentally Disabled Centers
Reported finances
- Revenue
- $5,310,066
- Expenses
- $2,040,219
- Assets
- $19,587,737
- Liabilities
- $1,992,361
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- GEORGE WALLACE HART (EXECUTIVE DIRECTOR)
Highest reported compensation
- JAMIE PETRIN (TREASURER): $194,493 total reported compensation
- GEORGE WALLACE HART (EXECUTIVE DIRECTOR): $109,522 total reported compensation
- CATHY BAXTER (SECRETARY): $16,002 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support lexington in its mission to empower people with autism and developmental disabilities to live their best lives, every day, by partnering with their families, our employees and our community. The lexington foundation was created for the purpose of ensuring that the commitment to people with autism and developmental disabilities and their families is sustained through long-term financial support. Funds raised by the foundation are used to support programs and services, purchase specialized equipment, and sponser educational and recreational programs.
What it reported doing in 2024
Transitions - transitions, launched in 2015, is a project of the lexington foundation, inc. It is a supportive apprenticeship program for young men and women with autism spectrum disorders and other learning differences. Transitions helps those who want to attend college and/or prepare for a career, but may require academic, social, medical and/or emotional support to be successful. Transitions focuses on building academic skills, life skills and general independence for high school graduates and young adults with learning differences. Its evidence-based curriculum covers social skills, health and wellness, independent life, self-management, and self-advocacy and leadership all essential skills that, once mastered, will steer the apprentices toward success in college, the workplace and living on their own. The program also offers direct support to apprentices who are enrolled in college and to those who are employed.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 62
- Accountability: 95
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 91.7%; rating input score 92
- Fundraising efficiency: $31.36 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 61.6%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 9.6; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 15.8% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 91.7% of spending went to programs
- Governance: 3 of 3 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $194K · 6 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $117K reported
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 6 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.