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Nonprofit · EIN 56-1532574

THE LEXINGTON EDUCATIONAL ASSOCIATION

Tax-exempt · LEXINGTON, NC 27293

Financials

$74K$145K2022$103K$104K2023$149K$105K2024
Revenue Expenses · by fiscal year end
Financials of THE LEXINGTON EDUCATIONAL ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$148,679$104,882$43,797$559,522$0$559,522
June 30, 2024990$103,381$103,773-$392$508,879$0$508,879
June 30, 2023990$73,581$145,228-$71,647$480,486$0$480,486
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$100,319
Program service revenue
$0
Investment income
$48,360
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$27,500
Other salaries and wages
$29,260
Salaries, compensation and benefits (total)
$56,760
Professional fundraising fees
$0
Accounting fees
$2,881
Program services (functional)
$78,638
Management and general (functional)
$16,244
Fundraising (functional)
$10,000

Balance sheet and other

Total assets, start of year
$508,879
Total assets, end of year
$559,522
Total liabilities, end of year
$0
Net assets, end of year
$559,522
Net assets without donor restrictions
$548,848
Net assets with donor restrictions
$10,674
Gross receipts
$148,679
Employees
0
Volunteers
20
Year formed
1996
State of legal domicile
NC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ANNA HAYESEXECUTIVE DIRECTOR
Key employee
20$27,500
SALLY DODDTREASURER
Trustee or director, Officer
8$0
TINA ALEXANDERMEMBER
Trustee or director
1$0
NAKIA HARDYMEMBER
Trustee or director
1$0
JOSEPHINE JONESMEMBER
Trustee or director
1$0
BETH BUNCEMEMBER
Trustee or director
1$0
JERMAINE PORTERMEMBER
Trustee or director
1$0
JIM SIMEONMEMBER
Trustee or director
1$0
MINNIE DUKESMEMBER
Trustee or director
1$0
COURTNEY WOODBERRYASSISTANT TREASURER
Trustee or director, Officer
2$0
BETSY KEPLEYMEMBER
Trustee or director
1$0
STEPHANIE SANCHEZMEMBER
Trustee or director
1$0
TIM TIMBERLAKEEMERITUS MEMBER
Trustee or director
1$0
SANDY REYNOLDSEMERITUS MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensation
Anna HayesExecutive Director
Key employee
20$30,000
Sally DoddTreasurer
Trustee or director, Officer
8$0
Dr Tina AlexanderMember
Trustee or director
1$0
Dr Nakia HardyMember
Trustee or director
1$0
Dr Josephine JonesMember
Trustee or director
1$0
Beth BunceMember
Trustee or director
1$0
Dr Jermaine PorterMember
Trustee or director
1$0
Jim SimeonMember
Trustee or director
1$0
Minnie DukesMember
Trustee or director
1$0
Courtney WoodberryAssistant Treasurer
Trustee or director, Officer
2$0
Betsy KepleyMember
Trustee or director
1$0
Stephanie SanchezMember
Trustee or director
1$0
Tim TimberlakeEmeritus Member
Trustee or director
1$0
Sandy ReynoldsEmeritus Member
Trustee or director
1$0
990 for the year ended June 30, 2023: 17 people
NameTitleHours / weekCompensation
Anna HayesExecutive Director
Key employee
40$45,000
Corey BuggsVice President
Trustee or director, Officer
2$0
Sally DoddTreasurer
Trustee or director, Officer
8$0
Rosa TerrySecretary
Trustee or director, Officer
1$0
Dr Tina AlexanderMember
Trustee or director
1$0
Beth BunceMember
Trustee or director
1$0
Minnie DukesMember
Trustee or director
1$0
Jenny FergusonMember
Trustee or director
1$0
Dr Josephine JonesMember
Trustee or director
1$0
Betsy KepleyMember
Trustee or director
1$0
Mac ParrottMember
Trustee or director
1$0
Beryl PhillipsMember
Trustee or director
1$0
Jim SimeonMember
Trustee or director
1$0
Robin TeamMember
Trustee or director
1$0
Dr Anitra WellsMember
Trustee or director
1$0
Tim TimberlakeEmeritus Member
Trustee or director
1$0
Sandy ReynoldsEmeritus Member
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 1823, LEXINGTON, NC 27293-1823
In care of
% SALLY DODD
Signed the 990
SALLY DODD, TREASURER
Phone
(336) 249-6557
Return prepared by
GOINS CPA PLLC

Mission

PROVIDE SCHOLARSHIPS, COLLEGE ADMISSIONS GUIDANCE, AND MENTORING TO STUDENTS IN THE LEXINGTON CITY SCHOOLS.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION PROVIDES SCHOLARSHIPS TO STUDENTS WHO GRADUATE FROM LEXINGTON SENIOR HIGH SCHOOL.
    Expenses $78,638 · revenue $148,679

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-1532574
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
1987
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$559,522
Income (IRS master file)
$148,679

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$148,679$104,882$559,522IRS
990June 2024$103,381$103,773$508,879IRS
990June 2023$73,581$145,228$480,486XML
990June 2022$111,132$147,610$493,959IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 56-1532574).

Questions about THE LEXINGTON EDUCATIONAL ASSOCIATION

What is the EIN of THE LEXINGTON EDUCATIONAL ASSOCIATION?
The employer identification number (EIN) of THE LEXINGTON EDUCATIONAL ASSOCIATION is 56-1532574.
Is THE LEXINGTON EDUCATIONAL ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to THE LEXINGTON EDUCATIONAL ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE LEXINGTON EDUCATIONAL ASSOCIATION 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 THE LEXINGTON EDUCATIONAL ASSOCIATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE LEXINGTON EDUCATIONAL ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of THE LEXINGTON EDUCATIONAL ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $27,500 (ANNA HAYES, EXECUTIVE DIRECTOR).
How much revenue does THE LEXINGTON EDUCATIONAL ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $148,679, expenses of $104,882 and total assets of $559,522 at year end.

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