Form 990 for tax year 2023

Filed by THE LEGACY FOUNDATION OF HARTFORD INC.

Totals

Total revenue: $3,105,298
Total expenses: $2,933,127
Contributions and grants received: $3,010,242
Grants paid: $0
Program service revenue: $0
Investment income: $340
Other revenue: $94,716
Total assets, end of year: $758,239
Total liabilities, end of year: $426,257
Net assets or fund balances, end of year: $331,982
Program services expenses (Part IX): $2,537,809
Management and general expenses: $126,760
Fundraising expenses: $268,558
Program service expenses (Part III): $2,537,809

Program services were 86.5% 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.

1e · Government grants (contributions)

$2,892,911
1f · All other contributions, gifts and grants

$117,331
3 · Investment income

total $340 · excluded $340
8a · Fundraising events: gross income

$94,716
8c · Net income from fundraising events

total $94,716 · excluded $94,716

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $144,645 · program services $143,607 · management and general $1,038
7 · Other salaries and wages

total $235,417 · program services $233,729 · management and general $1,688
9 · Other employee benefits

total $27,875 · program services $27,758 · management and general $117
10 · Payroll taxes

total $10,681 · program services $10,636 · management and general $45
11c · Fees: accounting

total $83,493 · management and general $83,493
11g · Fees: other

total $1,397,258 · program services $1,280,876 · fundraising $116,382
12 · Advertising and promotion

total $82,508 · program services $82,508
13 · Office expenses

total $37,411 · program services $12,800 · management and general $23,029 · fundraising $1,582
16 · Occupancy

total $211,142 · program services $211,142
19 · Conferences, conventions and meetings

total $126,304 · fundraising $126,304
20 · Interest

total $5,466 · management and general $5,466
22 · Depreciation, depletion and amortization

total $9,180 · management and general $9,180
23 · Insurance

total $28,906 · program services $28,906
24a · Other expenses: EXPERIENTIAL TRIPS

total $343,093 · program services $328,071 · management and general $1,558 · fundraising $13,464
24b · Other expenses: SUPPLIES

total $178,922 · program services $177,776 · management and general $1,146
24c · Other expenses: DONATIONS

total $10,826 · fundraising $10,826

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $972,849 · end of year $511,003
4 · Accounts receivable

beginning of year $1,090 · end of year $22,498
9 · Prepaid expenses and deferred charges

beginning of year $12,442 · end of year $79,142
10a · Land, buildings and equipment: cost or other basis

$103,668
10b · Land, buildings and equipment: accumulated depreciation

$12,698
10c · Land, buildings and equipment, net

end of year $90,970
15 · Other assets

beginning of year $470 · end of year $54,626
17 · Accounts payable and accrued expenses

beginning of year $79,611 · end of year $46,219
24 · Unsecured notes and loans payable

end of year $88,597
25 · Other liabilities

beginning of year $747,429 · end of year $291,441
27 · Net assets without donor restrictions

beginning of year $151,121 · end of year $323,288
28 · Net assets with donor restrictions

beginning of year $8,690 · end of year $8,694

Mission and programs · 2023

Mission

TO ADDRESS EDUCATIONAL AND HEALTH DISPARITIES FOR RESIDENTS OF GREATER HARTFORD, CONNECTICUT, ITS YOUTH IN PARTICULAR. IT DOES SO VIA ITS OWN INITIATIVES, SUCH AS LEAP, AND BY SUPPORTING NUMEROUS COMMUNITY PROJECTS THAT ALIGN WITH ITS MISSION.

Activities or mission (Part I)

TO ADDRESS EDUCATIONAL AND HEALTH DISPARITIES FOR RESIDENTS OF GREATER HARTFORD, CONNECTICUT, ITS YOURTH IN PARTICULAR. IT DOES SO VIA ITS OWN INITIATIVES, SUCH AS LEAP, AND BY SUPPORTING NUMEROUS COMMUNITY PROJECTS THAT ALIGH WITH ITS MISSION.

THE LEGACY FOUNDATION OF HARTFORD PROVIDES 125 STUDENTS WITH EDUCATIONAL ENRICHMENT THROUGH OUR FLAGSHIP PROGRAM; LEGACY EXPOSURE AND ACCESS PROGRAM (LEAP). LEAP IS A COMPREHENSIVE APPROACH TO ENHANCING ACADEMIC SUCCESS, BEGINNING IN ELEMENTARY SCHOOL CONTINUING THROUGH COMPLETION OF HIGH SCHOOL WITH EMPHASIS ON COLLEGE PREP DEVELOPMENT. LEAP SEEKS TO SERVE LEGACY SCHOLARS WHO ARE GREATER HARTFORD RESIDENTS (3RD THRU 12TH GRADERS) AND LEGACY STUDENTS ATTENDING COLLEGE

Expenses $2,537,809

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Gregory JonesGREGORY JONES

CHAIRMAN/EXE

Total calculated

$140,990

From this org

$140,990

From related orgs

$0

Other

$0

Hours/week

40
Sam GallowaySAM GALLOWAY

MEMBER AT LA

Total calculated

$0

Hours/week

2
Phil KanePHIL KANE

VICE CHAIRMA

Total calculated

$0

Hours/week

2
Joe SantanaJOE SANTANA

SECRETARY/TR

Total calculated

$0

Hours/week

2

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202531359349303583

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