Nonprofit · EIN 54-1880642
LEXINGTON INSTITUTE
Tax-exempt · ARLINGTON, VA 22209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,087,669 | $1,426,409 | $661,260 | $4,330,662 | $25,487 | $4,305,175 |
| December 31, 2024 | 990 | $1,355,233 | $1,361,834 | -$6,601 | $3,676,360 | $19,067 | $3,657,293 |
| December 31, 2023 | 990 | $1,789,254 | $1,673,089 | $116,165 | $3,760,080 | $100,296 | $3,659,784 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,940,125
- Program service revenue
- $0
- Investment income
- $147,364
- Net gain from sales of assets
- -$1,137
- Other revenue
- $180
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $598,608
- Other salaries and wages
- $88,307
- Salaries, compensation and benefits (total)
- $782,560
- Professional fundraising fees
- $0
- Legal fees
- $200
- Accounting fees
- $16,120
- Occupancy
- $91,630
- Travel
- $4,775
- Depreciation
- $6,002
- Program services (functional)
- $675,926
- Management and general (functional)
- $615,276
- Fundraising (functional)
- $135,207
Balance sheet and other
- Total assets, start of year
- $3,676,360
- Total assets, end of year
- $4,330,662
- Total liabilities, end of year
- $25,487
- Net assets, end of year
- $4,305,175
- Land, buildings and equipment
- $7,500
- Publicly traded securities
- $2,385,358
- Net assets without donor restrictions
- $4,305,175
- Gross receipts
- $2,088,806
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MERRICK CAREY | CEO Trustee or director, Officer | 45 | $449,768 |
| REBECCA GRANT | VICE PRESIDENT Officer | 45 | $201,667 |
| JAMES COURTER | CHAIRMAN Trustee or director | 1 | $0 |
| RUSSELL REDENBAUGH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MERRICK CAREY | CEO Trustee or director, Officer | 45 | $396,942 | $45,451 |
| LOREN THOMPSON | COO Trustee or director, Officer | 45 | $61,329 | $180,000 |
| JAMES COURTER | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| RUSSELL REDENBAUGH | DIRECTOR Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MERRICK CAREY | CEO Trustee or director, Officer | 45 | $396,942 | $44,305 |
| LOREN THOMPSON | COO Trustee or director, Officer | 45 | $396,942 | $8,972 |
| DANIEL GOURE | VICE PRESIDENT Highest-paid employee | 40 | $251,250 | $0 |
| JAMES COURTER | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| RUSSELL REDENBAUGH | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 WILSON BLVD STE 203, ARLINGTON, VA 22209-2505
- In care of
- % MERRICK M CAREY
- Principal officer (990 for 2025)
- MERRICK CAREY, 1600 WILSON BLVD SUITE 203, ARLINGTON, VA 22209
- Signed the 990
- MERRICK CAREY, CEO
- Phone
- (703) 522-5828
- Website
- WWW.LEXINGTONINSTITUTE.ORG
- Return prepared by
- UNIFIED ROGSTAD ASSOCIATES PC
Mission
THE INSTITUTE SUPPORTS AND PROVIDES RESEARCH REGARDING ISSUES OF PUBLIC POLICY HAVING EFFECTS ON THE RIGHTS, FREEDOM, SECURITY, AND QUALITY OF LIFE OF AMERICAN CITIZENS.
Program accomplishments
- THE INSTITUTE SUPPORTS AND PROVIDES RESEARCH REGARDING ISSUES OF PUBLIC POLICY HAVING EFFECTS ON THE RIGHTS, FREEDOM, SECURITY, AND QUALITY OF LIFE OF AMERICAN CITIZENS.Expenses $675,926
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1880642
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $4,330,662
- Income (IRS master file)
- $2,088,806
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,087,669 | $1,426,409 | $4,330,662 | IRS |
| 990 | December 2024 | $1,355,233 | $1,361,834 | $3,676,360 | XML |
| 990 | December 2023 | $1,789,254 | $1,673,089 | $3,760,080 | XML |
| 990 | December 2022 | $2,006,919 | $1,672,384 | $3,545,280 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1880642).
Questions about LEXINGTON INSTITUTE
- What is the EIN of LEXINGTON INSTITUTE?
- The employer identification number (EIN) of LEXINGTON INSTITUTE is 54-1880642.
- Is LEXINGTON INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to LEXINGTON INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEXINGTON INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEXINGTON INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LEXINGTON INSTITUTE?
- The 990 for the year ended December 31, 2025 names MERRICK CAREY.
- Who are the officers and directors of LEXINGTON INSTITUTE?
- The 990 for the year ended December 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $449,768 (MERRICK CAREY, CEO).
- How much revenue does LEXINGTON INSTITUTE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,087,669, expenses of $1,426,409 and total assets of $4,330,662 at year end.
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