2024-05-13T13:25:36-05:00 2023-06-30 201518594 RFH PLLC 300 WEST VINE STREET STE 800 LEXINGTON KY 405071812 990 2022-07-01 610734772 LEXINGTON CENTER CORPORATION LEXI 8592334567 430 WEST VINE STREET LEXINGTON KY 405071617 JEFFREY MULLANEY DIRECTOR OF FINANCE 8592334567 2024-05-13 1 JEFFREY MULLANEY 999009999 0 ANDREW W DEMOSS CPA P01418319 8592311800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFREY MULLANEY 430 WEST VINE STREET LEXINGTON KY 405071617 51691448 0 X WWW.CENTRALBANKCENTER.COM X 1972 KY ENHANCE COMMUNITIES THROUGH INNOVATIVE SHARED EXPERIENCES. 11 11 2 380 201664 0 1543085 2886000 32045910 47831508 333351 973940 0 0 33922346 51691448 0 0 0 0 6164957 8444804 0 0 0 31545271 44041601 37710228 52486405 -3787882 -794957 368571113 360161515 248729427 241142324 119841686 119019191 ENHANCE COMMUNITIES THROUGH INNOVATIVE SHARED EXPERIENCES. 0 0 51614768 47629844 PROVIDE FACILITIES FOR PUBLIC USE. FACILITIES INCLUDE: ARENA, EXHIBITION HALL, HISTORIC THEATER AND PARKING LOTS. 51614768 1 1 0 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X BUSINESS DEPARTMENT 8592334567 430 WEST VINE STREET LEXINGTON KY 40507 X KAREN HILL BOARD CHAIR 1.00 X 0 0 0 PHIL MAXON VICE CHAIR 1.00 X 0 0 0 EDWARD HOLMES FINANCE COMMITTEE CHAIR 1.00 X 0 0 0 FRED BROWN BOARD MEMBER 1.00 X 0 0 0 KIP CORNETT BOARD MEMBER 1.00 X 0 0 0 SHERITA MILLER BOARD MEMBER 1.00 X 0 0 0 RANDALL VAUGHN BOARD MEMBER 1.00 X 0 0 0 ANN BAKHAUS BOARD MEMBER 1.00 X 0 0 0 NANCY WISER BOARD MEMBER 1.00 X 0 0 0 JENNIFER MOSSOTTI BOARD MEMBER 1.00 X 0 0 0 VICE MAYOR DAN WU BOARD MEMBER 1.00 X 0 0 0 BRIAN SIPE GENERAL MANAGER 40.00 X 0 0 0 LAURA ALEXANDER VICE PRESIDENT OF CONVENTI 40.00 X 0 0 0 JEFFREY MULLANEY DIRECTOR, FINANCE 40.00 X 0 0 0 SHANNON ELLIOTT DIRECTOR, TICKETING 40.00 X 0 0 0 KAREN COLLIER DIRECTOR, HUMAN RESOURCES 40.00 X 0 0 0 JEFFREY CLARK DIRECTOR, OPERATIONS 40.00 X 0 0 0 JOSEPH FIELDS DIRECTOR, CONVENTION SALES 40.00 X 0 0 0 THERESA LLOYD DIRECTOR, COMPLEX EVENTS 40.00 X 0 0 0 TREVOR CHESLER DIRECTOR, BOOKING 40.00 X 0 0 0 STEPHANIE BORK DIRECTOR, MARKETING 40.00 X 0 0 0 WILLIAM OWEN DIRECTOR, CONSTRUCTIONS 40.00 X 231272 0 58151 231272 0 58151 1 1 1 0 MESSER CONSTRUCTION COMPANY 854 W MAIN STREET LEXINGTON KY 40508 GENERAL CONTRACTOR 10622420 OAK VIEW GROUP LLC 5050 S SYRACUSE ST 8TH FLOOR DENVER CO 80237 MANAGEMENT CONSULTING AND BOOKING INCENT 1267827 NBBJ PO BOX 742088 LOS ANGELES CA 74208 ARCHITECT 1254534 DINSMORE & SHOHL LLP PO BOX 639038 CINCINNATI OH 45263 LEGAL 107017 4 25000 2861000 2886000 EVENT REVENUE 711130 29286488 29286488 TRANSIENT ROOM TAX REVENUE 531120 10489740 10489740 CONTRACT REVENUE 531120 7448616 7448616 LEXINGTON-FAYETTE COUNTY REC 531120 405000 405000 PERSONAL PROPERTY RENTAL 900002 201664 201664 47831508 973940 973940 51691448 47629844 201664 973940 167132 167132 7074633 7074633 30469 30469 636819 636819 535751 535751 2989598 2685473 304125 170506 170506 42389 42389 1856399 1856399 70471 70471 827389 609929 217460 219663 219663 3041462 3041462 187281 187281 9182516 9182516 11813949 11813949 771373 771373 UBIT TAX 8320 8320 EVENT EXPENSES 12630607 12630607 OTHER GENERAL AND ADMIN 101693 101693 LANDSCAPING AND SNOW RE 70223 70223 57762 30618 27144 52486405 51614768 871637 0 10623165 14602699 101386 2190053 2349371 322113 436588 366437907 67368328 298906023 299069579 50646110 39103927 5782263 4599351 368571113 360161515 8984014 5950725 239532449 234814765 212964 376834 248729427 241142324 X -23510920 -16547786 0 0 143352606 135566977 119841686 119019191 368571113 360161515 -794957 -27538 0 X X 0 1 X 1 1 1 X 777000 915302 478500 1299085 2886000 6355887 8030022 6281109 4478857 8495475 10489740 37775203 8807022 7196411 4957357 9794560 13375740 44131090 44131090 5974759 4513404 283085 333351 973940 12078539 87838 0 87838 20842190 12899085 10816368 44557643 100855110 60800829 0.43760 0.35120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 7263547 35161072 35549089 6875530 0 11572182 11572182 329196178 47453771 281742407 19621678 13866688 5754990 6047869 6047869 0 299069579 CAPITAL AND OPERATING RESERVES 3869081 C CONVENTION PROJECT FUNDS 3231172 C RESTRICTED FUNDS 32003674 C 39103927 DEPOSITS 376834 376834 X 51663910 -27538 -27538 51691448 0 51691448 52486405 0 52486405 0 52486405 PART IV, LINE 1B: FUNDS ARE HELD PURELY IN A CUSTODIAL CAPACITY AND INCLUDE PROCEEDS USED FOR TICKET AND EVENT SALES AND LATER REMITTED TO THE PROMOTER OF THE EVENT. PART IV, LINE 2B: . PART X, LINE 2: LCC RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE DATED OCTOBER 29, 2015 STATING THAT LCC QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EFFECTIVE FEBRUARY 13, 2015 AND, AS SUCH, IS NOT SUBJECT TO INCOME TAXES ON RELATED INCOME. PRIOR TO FEBRUARY 13, 2015, LCC QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. LCC'S FORM 990'S, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. LCC DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS OR POSSIBLE RELATED INTEREST OR PENALTIES. X X X X 0 0 0 0 0 0 0 0 0 WILLIAM OWEN DIRECTOR, CONSTRUCTIONS 231272 0 0 0 0 0 54000 0 4151 0 289423 0 0 0 A KENTUCKY BOND DEV CORP 472650498 491209AW2 2018-10-16 114036157 SEE PART VI (REVENUE TAX BONDS) 0 0 0 B KENTUCKY BOND DEV CORP 472650498 491214AX0 2018-10-16 106895090 SEE PART VI (TRANSIENT TAX BONDS) 0 0 0 A 4445000 119627655 7972817 928747 104753651 257125 5715315 0 0 0 1 B 9910000 109213170 7515619 647424 65854971 35195156 2020 1 0 1 1 A 0 0 1 1 0 0.01060 0.01060 0 0 1 B 0 0 1 1 0 0.46870 0.46870 0 0 1 A 0 1 0 0 0 0 0 1 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 FORM 990, PART VI, SECTION A, LINE 3 ON AUGUST 31, 2021, THE LCC BOARD OF DIRECTORS APPROVED A MANAGEMENT AGREEMENT WITH OAK VIEW GROUP LLC (OVG) TO MANAGE THE DAY-TO-DAY OPERATIONS OF ALL LCC FACILITIES ON BEHALF OF LCC. OVG IS RESPONSIBLE FOR THE MARKETING, SALES, BOX OFFICE, FINANCE, OPERATIONS, AND GENERATING NEW BUSINESS OPPORTUNITIES AND ATTRACTING A VARIETY OF EVENTS TO BRING VISITORS AND DRIVE ECONOMIC IMPACT FOR LEXINGTON AND THE REGION. OVG'S MANAGEMENT OF ALL FACILITIES COMMENCED OCTOBER 1, 2021, AND CONTINUES THROUGH JUNE 30, 2026. THE CONTRACT CAN BE RENEWED 5 ADDITIONAL YEARS IF MUTUALLY AGREED BY BOTH PARTIES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE PRESIDENT & CEO. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. MANAGEMENT AND DIRECTORS ARE REQUIRED ANNUALLY TO CONFIRM COMPLIANCE AND/OR DOCUMENT POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT & CEO POSITION REVIEWED BY BOARD COMMITTEE. LAST REVIEW WAS IN 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CORPORATE POLICIES AND FINANCIAL INFORMATION ARE AVAILABLE FOR REVIEW THROUGH OPEN-RECORD REQUESTS TO THE CORPORATION. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES FROM THE PRIOR YEAR.