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Nonprofiteer
← LEGACY FOUNDATION

Form 990 for tax year 2023

Filed by LEGACY FOUNDATION.

Totals

Total revenue
$85,650
Total expenses
$125,873
Contributions and grants received
$85,650
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$69,682
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$69,682
Program services expenses (Part IX)
$110,953
Management and general expenses
$14,920
Fundraising expenses
$0
Program service expenses (Part III)
$110,953

Program services were 88.1% 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

    $85,650

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,000 · management and general $10,000

  • 11b · Fees: legal

    total $109,602 · program services $109,602

  • 11c · Fees: accounting

    total $2,120 · management and general $2,120

  • 13 · Office expenses

    total $1,158 · program services $1,158

  • 16 · Occupancy

    total $2,400 · management and general $2,400

  • 24a · Other expenses: BANK FEES

    total $427 · program services $27 · management and general $400

  • 24b · Other expenses: PRINTING

    total $166 · program services $166

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,192 · end of year $20,969

  • 2 · Savings and temporary cash investments

    beginning of year $33,613 · end of year $33,613

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,100 · end of year $15,100

  • 27 · Net assets without donor restrictions

    beginning of year -$42,160 · end of year -$57,308

  • 28 · Net assets with donor restrictions

    beginning of year $152,065 · end of year $126,990

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED TO EDUCATE THE GENERAL PUBLIC ABOUT CONCEPTS THAT ADVANCE INDIVIDUAL LIBERTY, FREE ENTERPRISE, AND LIMITED AND ACCOUNTABLE GOVERNMENT, AND WILL ENGAGE IN INDEPENDENT, NONPARTISAN RESEARCH ON PUBLIC POLICY MATTERS AND INITIATIVES. THE FOUNDATION'S GOAL IS TO ASSEMBLE A TEAM OF RESEARCH ANALYSTS WITH SPECIALIZATIONS IN VARIOUS AREAS OF PUBLIC POLICY, INCLUDING BUT NOT LIMITED TO, EDUCATION POLICY, TAX AND FISCAL POLICY, LABOR-MANAGEMENT RELATIONS POLICY, CIVIL RIGHTS POLICY, HEALTH CARE POLICY, AND ISSUES OF GOVERNMENTAL TRANSPARENCY.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED TO EDUCATE THE GENERAL PUBLIC ABOUT CONCEPTS THAT ADVANCE INDIVIDUAL LIBERTY, FREE ENTERPRISE, AND LIMITED AND ACCOUNTABLE GOVERNMENT, AND WILL ENGAGE IN INDEPENDENT, NONPARTISAN RESEARCH ON PUBLIC POLICY MATTERS AND INITIATIVES.

  • THE FOUNDATION SUPPORTED LITIGATION TO PROTECT FREE SPEECH RIGHTS.

    Expenses $74,602

  • THE FOUNDATION ENGAGED IN TEACHING AMERICANS ABOUT VOTING AND FUNDED A LEGAL BRIEF ON THE SUBJECT.

    Expenses $35,193

  • THE FOUNDATION ENGAGED IN RESEARCH ON STATE TAX AND FISCAL POLICY.

    Expenses $1,158

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

Listed in Part VII

  • Christopher Rants

    PRESIDENT

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    20

  • Allison Kleis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Willard Jenkins

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

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
27 August 2024
IRS schema version
2023v5.1
Source object
202442419349300649

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