Nonprofit · EIN 85-1984439
LEXINGTON LATIN SCHOOL FOUNDATION INC
Tax-exempt · LEXINGTON, KY 40503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $2,478,944 | $2,330,775 | $148,169 | $3,520,229 | $2,073,117 | $1,447,112 |
| June 30, 2024 | 990-PF | $2,388,261 | $1,958,726 | $429,535 | $3,248,563 | $1,949,620 | $1,298,943 |
| June 30, 2023 | 990-PF | $2,060,930 | $1,734,937 | $325,993 | $2,944,801 | $2,072,956 | $871,845 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,237
- Interest
- $41,675
- Other income
- $2,420,032
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,333
- Salaries, compensation and benefits (total)
- $1,391,644
- Excise tax on investment income
- $579
Balance sheet and other
- Total assets, start of year
- $3,248,563
- Total assets, end of year
- $3,520,229
- Total liabilities, end of year
- $2,073,117
- Net assets, end of year
- $1,447,112
- Fair market value of assets
- $3,520,229
- Net investment income
- $41,675
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA MAY 1501 RIVER CIRCLE, RICHMOND, KY 40475 | UPPER SCHOOL DEAN Highest-paid employee | 40 | $90,113 |
| DEVON FREEMAN 664 CROMWELL WAY, LEXINGTON, KY 40503 | CFO Highest-paid employee | 40 | $56,640 |
| AMANDA AVERY 3432 KEITHSHIRE WAY, LEXINGTON, KY 40503 | LOWER SCHOOL PRINCIP Highest-paid employee | 40 | $52,717 |
| CASSANDRA CORBETT PO BOX 23355, LEXINGTON, KY 40523 | PRESIDENT | 10 | $30,333 |
| CHAD VOELKERT PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| DAVID BRADSHAW PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| JEANNIE JONES PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| JEREMY CORBETT PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| SHERMAN DAVIS PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 0 | $0 |
| WANDA DAVIS PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 0 | $0 |
990-PF for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA MAY PO BOX 23355, LEXINGTON, KY 40523 | UPPER SCHOOL DEAN Highest-paid employee | 40 | $84,500 |
| DEVON FREEMAN PO BOX 23355, LEXINGTON, KY 40523 | CFO Highest-paid employee | 40 | $56,120 |
| CASSANDRA CORBETT PO BOX 23355, LEXINGTON, KY 40523 | PRESIDENT | 10 | $32,000 |
| CHAD VOELKERT PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| DAVID BRADSHAW PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| JEANNIE JONES PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| JEREMY CORBETT PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| SHERMAN DAVIS PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| WANDA DAVIS PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 0 | $0 |
990-PF for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA MAY PO BOX 23355, LEXINGTON, KY 40523 | UPPER SCHOOL DEAN Highest-paid employee | 40 | $77,000 |
| CASSANDRA CORBETT PO BOX 23355, LEXINGTON, KY 40523 | PRESIDENT | 10 | $33,400 |
| CHAD VOELKERT PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| DAVID BRADSHAW PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| JEANNIE JONES PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| JEREMY CORBETT PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| SHERMAN DAVIS PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 1 | $0 |
| WANDA DAVIS PO BOX 23355, LEXINGTON, KY 40523 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 483 W REYNOLDS RD, LEXINGTON, KY 40503-3561
- Signed the 990-PF
- CASSANDRA CORBETT, PRESIDENT
- Phone
- (859) 940-7485
- Website
- LEXLATIN.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-1984439
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $3,520,229
- Income (IRS master file)
- $2,478,944
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $2,478,944 | $2,330,775 | $3,520,229 | IRS |
| 990-PF | June 2024 | $2,388,261 | $1,958,726 | $3,248,563 | IRS |
| 990-PF | June 2023 | $2,060,930 | $1,734,937 | $2,944,801 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | 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 85-1984439).
Questions about LEXINGTON LATIN SCHOOL FOUNDATION INC
- What is the EIN of LEXINGTON LATIN SCHOOL FOUNDATION INC?
- The employer identification number (EIN) of LEXINGTON LATIN SCHOOL FOUNDATION INC is 85-1984439.
- Is LEXINGTON LATIN SCHOOL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to LEXINGTON LATIN SCHOOL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does LEXINGTON LATIN SCHOOL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEXINGTON LATIN SCHOOL FOUNDATION INC 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 LEXINGTON LATIN SCHOOL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of LEXINGTON LATIN SCHOOL FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 10 people; 4 received compensation from the organization, the highest $90,113 (PAULA MAY, UPPER SCHOOL DEAN).
- How much revenue does LEXINGTON LATIN SCHOOL FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $2,478,944, expenses of $2,330,775 and total assets of $3,520,229 at year end.
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