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Nonprofiteer
← YWCA OF LUBBOCK LEGACY FUND INC

Form 990 for tax year 2023

Filed by YWCA OF LUBBOCK LEGACY FUND INC.

Totals

Total revenue
$20,125
Total expenses
$25,800
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$20,125
Other revenue
$0
Total assets, end of year
$5,211,690
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,211,690
Program services expenses (Part IX)
$0
Management and general expenses
$25,800
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $133,629 · excluded $133,629

  • 7a · Gross sales of assets other than inventory

    securities $2,278,698

  • 7b · Less cost or other basis and sales expenses

    securities $2,392,202

  • 7c · Gain or loss

    securities -$113,504

  • 7d · Net gain or loss

    total -$113,504 · excluded -$113,504

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,260 · management and general $3,260

  • 11f · Fees: investment management

    total $22,470 · management and general $22,470

  • 24a · Other expenses: BANK FEES

    total $70 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,299,946 · end of year $219,914

  • 11 · Investments: publicly traded securities

    beginning of year $3,452,994 · end of year $4,991,776

  • 27 · Net assets without donor restrictions

    beginning of year $4,752,940 · end of year $5,211,690

Mission and programs · 2023

Mission

THE YWCA OF LUBBOCK LEGACY FUND INC. IS DEDICATED TO MEETING THE NEEDS OF THE YWCA OF LUBBOCK IN SUPPORTING THE COMMUNITY THROUGH ITS MISSION OF ELIMINATING RACISM, EMPOWERING WOMEN, AND PROMOTING PEACE, JUSTICE, FREEDOM, AND DIGNITY FOR ALL.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR THE YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF LUBBOCK.

  • TO PROVIDE SUPPORT FOR YWCA OF LUBBOCK.

As filed on the 2023 return.

Listed in Part VII

  • DAWNDRA SECHRIST

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MELINDA PHARIES

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NANETTE DESO

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • AMANDA MEAD

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • CRYSTAL STROUD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINDA GREENSTREET

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • GLENDA MATHIS

    CEO

    Total calculated
    $151,659
    From this org
    $0
    From related orgs
    $136,804
    Other
    $14,855
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,551 related
    Bonus
    $0
    Other
    $0 + $5,253 related
    Deferred
    $0 + $10,260 related
    Nontaxable benefits
    $0 + $4,595 related
    Filer's total
    $0 + $151,659 related

  • SHANE MORAN

    FINANCE DIRECTOR

    Total calculated
    $90,382
    From this org
    $0
    From related orgs
    $79,772
    Other
    $10,610
    Hours/week
    1 + 45 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION REPORTED ON THE FORM 990 IS PAID BY THE YWCA OF LUBBOCK. YWCA OF LUBBOCK IS THE SUPPORTED ORGANIZATION OF THE LEGACY FUND. ALL OF THE ASSETS AND INCOME OF THE LEGACY FUND ARE FOR THE BENEFIT OF THE YWCA OF LUBBOCK. THE LEGACY FUND DOES NOT PAY ANY COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations 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
2023
Filed
21 June 2024
IRS schema version
2023v5.1
Source object
202401789349300800

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