Totals
- Total revenue
- $655,245
- Total expenses
- $1,764,991
- Contributions and grants received
- $275,000
- Grants paid
- $882,500
- Program service revenue
- $0
- Investment income
- $379,416
- Other revenue
- $829
- Total assets, end of year
- $1,110,980
- Total liabilities, end of year
- $12,150
- Net assets or fund balances, end of year
- $1,098,830
- Program services expenses (Part IX)
- $1,376,327
- Management and general expenses
- $354,731
- Fundraising expenses
- $33,933
- Program service expenses (Part III)
- $1,376,327
Program services were 78.0% 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
$275,000
-
3 · Investment income
total $488 · excluded $488
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $108,241
-
6b · Less rental expenses
real property $107,412
-
6c · Rental income or loss
real property $829 · personal property $0
-
6d · Net rental income or loss
total $829 · related or exempt $829
-
7a · Gross sales of assets other than inventory
other assets $3,800,000
-
7b · Less cost or other basis and sales expenses
other assets $3,421,072
-
7c · Gain or loss
other assets $378,928
-
7d · Net gain or loss
total $378,928 · excluded $378,928
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $882,500 · program services $882,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $268,807 · program services $98,000 · management and general $146,307 · fundraising $24,500
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $75,000 · program services $30,000 · management and general $37,500 · fundraising $7,500
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $19,330 · program services $7,732 · management and general $9,665 · fundraising $1,933
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,033 · management and general $5,033
-
11c · Fees: accounting
total $14,424 · management and general $14,424
-
11d · Fees: lobbying
total $32,350 · program services $32,350
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $316,759 · program services $269,228 · management and general $47,531
-
12 · Advertising and promotion
total $41,638 · program services $1,200 · management and general $40,438
-
13 · Office expenses
total $12,855 · program services $8,444 · management and general $4,411
-
14 · Information technology
total $4,929 · program services $223 · management and general $4,706
-
15 · Royalties
total $0
-
16 · Occupancy
total $35,603 · program services $5,500 · management and general $30,103
-
17 · Travel
total $5,118 · program services $3,364 · management and general $1,754
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,906 · program services $42 · management and general $2,864
-
20 · Interest
total $37,744 · program services $37,744
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $9,995 · management and general $9,995
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $223,993 · end of year $208,707
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $377,213
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $107,326 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $500,000
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,283 · end of year $17,560
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $3,165,912 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $87,976 · end of year $0
-
15 · Other assets
beginning of year $2,000 · end of year $7,500
-
17 · Accounts payable and accrued expenses
beginning of year $1,984 · end of year $12,150
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $4,250 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $1,375,680 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $2,208,576 · end of year $1,098,830
Mission and programs · 2022
Mission
TO ADVANCE PUBLIC EDUCATION AND COMMUNITY DEVELOPMENT IN COLORADO SPRINGS.
-
hELEN HUNT CAMPUS: Redevelopment of the closed Helen Hunt elementary school into a community campus that serves the Hillside Neighborhood in partnership with Community Partnership for Child Development, Catholic Charities, The Shandy Clinic, Colorado Springs Food Rescue, Peak Parent Education, and Concrete Couch. This property was sold to the Catholic Charities during the fiscal year ending 8-31-2023. The Legacy Institute also donated $800,000 to Catholic Charities during the fiscal year, as part of the property sale.
Expenses $878,466 · Grants $800,000 · Revenue $829
-
Public Education related projects
Expenses $237,547 · Grants $12,500
-
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 $214,011 · Grants $70,000
-
Fellowship: new school incubator
Expenses $46,303
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Zachary McComsey
CEO
- Total calculated
- $268,793
- From this org
- $245,000
- From related orgs
- $0
- Other
- $23,793
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $245,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $23,793
- Filer's total
- $268,793
-
Philip R Lane
Director
- Total calculated
- $0
- Hours/week
- 5
-
Bart Holaday
Director
- Total calculated
- $0
- Hours/week
- 5
-
Vance Brown
Director
- Total calculated
- $0
- Hours/week
- 5
-
Kelsey Nolan
Director
- Total calculated
- $0
- Hours/week
- 5
-
Deborah Hendrix
Director
- Total calculated
- $0
- Hours/week
- 5
-
Maureen Juran
Director
- Total calculated
- $0
- Hours/week
- 5
-
Lance Bolton
Director
- Total calculated
- $0
- Hours/week
- 5
-
Ryan Trujillo
Director
- 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
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
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
-
$800,000
Program Services
-
$59,000
Community Development grant for all elementary schools in D2 bike program
-
Program Services
-
$6,000
Public Art Projects
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Legacy Fellowship LLC
educ.facility · CO · income $379,755 · assets $0
Directly controlled by Legacy Inst
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
1 distribution to a recipient named as a person, $3,800,000. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410929349301271
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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