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Nonprofiteer
← LEGACY INSTITUTE

Form 990 for tax year 2023

Filed by LEGACY INSTITUTE.

Totals

Total revenue
$620,178
Total expenses
$1,634,096
Contributions and grants received
$616,293
Grants paid
$82,418
Program service revenue
$0
Investment income
$3,885
Other revenue
$0
Total assets, end of year
$458,062
Total liabilities, end of year
$372,350
Net assets or fund balances, end of year
$85,712
Program services expenses (Part IX)
$1,339,501
Management and general expenses
$121,671
Fundraising expenses
$172,924
Program service expenses (Part III)
$1,339,501

Program services were 82.0% 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.

  • 1f · All other contributions, gifts and grants

    $616,293

  • 3 · Investment income

    total $3,885 · related or exempt $3,885

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,418 · program services $82,418

  • 5 · Compensation of officers, directors and key employees

    total $287,485 · program services $235,658 · management and general $21,405 · fundraising $30,422

  • 7 · Other salaries and wages

    total $406,090 · program services $314,984 · management and general $53,991 · fundraising $37,115

  • 9 · Other employee benefits

    total $26,174 · program services $21,455 · management and general $1,949 · fundraising $2,770

  • 10 · Payroll taxes

    total $45,450 · program services $37,256 · management and general $3,384 · fundraising $4,810

  • 11b · Fees: legal

    total $2,940 · program services $2,410 · management and general $219 · fundraising $311

  • 11c · Fees: accounting

    total $35,395 · program services $29,014 · management and general $2,635 · fundraising $3,746

  • 11d · Fees: lobbying

    total $233,719 · program services $233,719

  • 11g · Fees: other

    total $244,238 · program services $194,634 · management and general $25,403 · fundraising $24,201

  • 12 · Advertising and promotion

    total $101,253 · program services $50,000 · fundraising $51,253

  • 14 · Information technology

    total $10,281 · program services $8,225 · management and general $1,028 · fundraising $1,028

  • 16 · Occupancy

    total $104,118 · program services $85,377 · management and general $7,288 · fundraising $11,453

  • 17 · Travel

    total $18,382 · program services $14,706 · management and general $1,838 · fundraising $1,838

  • 24a · Other expenses: NON-PERSONNEL EXPENSES

    total $26,212 · program services $21,494 · management and general $1,835 · fundraising $2,883

  • 24b · Other expenses: OTHER EXPENSES

    total $9,941 · program services $8,151 · management and general $696 · fundraising $1,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $208,707 · end of year $81,319

  • 2 · Savings and temporary cash investments

    beginning of year $377,213

  • 7 · Other notes and loans receivable

    beginning of year $500,000 · end of year $40,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,560

  • 15 · Other assets

    beginning of year $7,500 · end of year $336,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,150 · end of year $41,607

  • 25 · Other liabilities

    end of year $330,743

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,098,830 · end of year $85,712

Mission and programs · 2023

Mission

TO ADVANCE PUBLIC EDUCATION AND COMMUNITY DEVELOPMENT IN COLORADO SPRINGS.

  • PUBLIC EDUCATION RELATED PROJECTS.

    Expenses $669,751 · Grants $82,418

  • SOCIAL IMPACT SERVICES: STRATEGIC PLANNING AND OPERATING SERVICES FOR COMMUNITY ORGANIZATIONS, PRIVATE FOUNDATIONS, AND SCHOOL DISTRICTS IN THE PIKES PEAK REGION FOCUSED ON INNOVATIVE APPROACHES TO SOCIAL IMPACT.

    Expenses $669,750

As filed on the 2023 return.

Listed in Part VII

  • ZACHARY MCCOMSEY

    CEO

    Total calculated
    $287,486
    From this org
    $256,650
    From related orgs
    $0
    Other
    $30,836
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,650
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $30,836
    Filer's total
    $287,486

  • DR LANCE BOLTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • DEBORAH HENDRIX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • BART HOLADAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KELSEY NOLAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RYAN TRUJILLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202541289349302014

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