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← LEGACY ADVANCEMENT

Form 990 for tax year 2022

Filed by LEGACY ADVANCEMENT.

Totals

Total revenue
$1,397,776
Total expenses
$376,767
Contributions and grants received
$1,397,041
Grants paid
$144,354
Program service revenue
$0
Investment income
$735
Other revenue
$0
Total assets, end of year
$2,282,667
Total liabilities, end of year
$248,295
Net assets or fund balances, end of year
$2,034,372
Program services expenses (Part IX)
$299,421
Management and general expenses
$77,346
Fundraising expenses
$0
Program service expenses (Part III)
$299,421

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,397,041

  • 3 · Investment income

    total $735 · excluded $735

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,205 · program services $63,205

  • 2 · Grants to domestic individuals

    total $81,149 · program services $81,149

  • 11g · Fees: other

    total $77,346 · management and general $77,346

  • 13 · Office expenses

    total $47,552 · program services $47,552

  • 16 · Occupancy

    total $105,243 · program services $105,243

  • 23 · Insurance

    total $2,260 · program services $2,260

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $12 · program services $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $531,190 · end of year $1,601,933

  • 3 · Pledges and grants receivable

    beginning of year $395,711 · end of year $337,951

  • 4 · Accounts receivable

    beginning of year $107,291 · end of year $112,291

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,328 · end of year $4,328

  • 10a · Land, buildings and equipment: cost or other basis

    $73,673

  • 10b · Land, buildings and equipment: accumulated depreciation

    $73,673

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $226,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,157 · end of year $22,131

  • 25 · Other liabilities

    beginning of year $0 · end of year $226,164

  • 27 · Net assets without donor restrictions

    beginning of year -$104,790 · end of year $817,705

  • 28 · Net assets with donor restrictions

    beginning of year $1,118,153 · end of year $1,216,667

Mission and programs · 2022

Mission

THE MISSION OF LEGACY ADVANCEMENT IS TO PROMOTE AN EDUCATIONAL SUCCESS STRATEGY FOR UNDERSERVED STUDENTS, WHICH COMBINES ACADEMIC EXCELLENCE, NUTRITION, AND FITNESS, LEADING TO COLLEGE GRADUATION AND LIFE SUCCESS.

Activities or mission (Part I)

PUBLIC CHARITY THAT IS THE FUNDRAISING ARM OF LEGACY CHARTER SCHOOL.

  • THE SPECIFIC PURPOSES OF LEGACY ADVANCEMENT ARE TO SUPPORT AND PROMOTE THE ESTABLISHMENT OF CHARTER SCHOOLS WHOSE MISSIONS ARE TO OFFER QUALITY, RIGOROUS, AND RELEVANT EDUCATIONAL PROGRAMS LEADING TO COLLEGE GRADUATION AND TO EMPOWER UNDERSERVED URBAN STUDENTS THE OPPORTUNITY TO BECOME PRODUCTIVE, HEALTHY, PRINCIPLED CITIZENS IN A CHANGING SOCIETY. SOME OF THE ACTIVITIES TO SUPPORT THE MISSION INCLUDE APPLYING FOR GRANTS AND SOLICITING FUNDS FROM THE GENERAL PUBLIC.

    Expenses $299,421 · Grants $144,354

As filed on the 2022 return.

Listed in Part VII

  • William W Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Cary H Hall

    VICE PRESIDENT, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Brewer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adela Mendoza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Llyn Strong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Lanzl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349303516

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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