Legacy Connections
- Assets
- $9.0m
- Revenue
- $2.0m
- Investments
- $202.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 01-0972999
Organization Overview
Legacy Connections, operating under the name Rose Bowl Legacy Foundation, is located in Pasadena, CA. The organization was established in 2010. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose Bowl Legacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rose Bowl Legacy Foundation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO STRENGTHENING THE GLOBAL STATURE OF AMERICA'S STADIUM (THE ROSE BOWL STADIUM).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROSE BOWL LEGACY FOUNDATION (LEGACY CONNECTIONS) IS COMMITTED TO CONTINUING AND STRENGTHENING THE GLOBAL STATURE OF AMERICA'S STADIUM (THE ROSE BOWL STADIUM) AND THE BEAUTIFUL BACKDROP OF THE CENTRAL ARROYO SECO BY PROVIDING INNOVATIVE AND CREATIVE PROGRAMMING THAT BENEFITS THE LOCAL, NATIONAL AND INTERNATIONAL COMMUNITIES. THROUGH PHILANTHROPIC OUTREACH, AND AN ONGOING EFFORT TO RAISE NEW FUNDS IN CELEBRATION OF THE UPCOMING CENTENNIAL BIRTHDAY OF THE VENUE, THE LONG-TERM DEVELOPMENTS OF LEGACY WILL MODERNIZE FACILITY OPERATIONS, PROGRAMMING AND AMENITIES, WHILE IMPROVING PUBLIC SAFETY AND ACCESS FOR FUTURE GENERATIONS OF ATHLETES, FANS AND VIEWERS IN ONE OF THE WORLD'S MOST UNIQUE AND ACTIVE ENTERTAINMENT SPACES.
THE ROSE BOWL INSTITUTE IS AN EDUCATIONAL BASED PROGRAM SERVICE LAUNCHED IN 2019. THE INSTITUTE'S PRIMARY FUNCTION IS TO HOST COMMUNITY BASED PROGRAMS ROOTED IN SPORTS VALUES SUCH AS SPORTSMANSHIP, TEAMWORK, ETHICS, CONFIDENCE, AND CHARACTER BASED SKILLS TO IMPACT YOUTH. IT HAS DONE SO THROUGH ITS WOMEN'S EMPOWERMENT SYMPOSIUM, SERIES ON RACE AND SPORTS, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickey Segal Chairman | OfficerTrustee | 1 | $0 |
Ronald A Okum Treasurer | OfficerTrustee | 1 | $0 |
James W Hirschmann Executive Committee Member | OfficerTrustee | 1 | $0 |
Tamerlin Godley Board Member | Trustee | 1 | $0 |
Kin Hui Board Member | Trustee | 1 | $0 |
Gale Kohl Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levy Premium Food Service Lp Food & Beverage Catering | 12/30/22 | $339,516 |
Charles M Firestone Consulting For Rose Bowl Institute | 12/30/22 | $200,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $709,897 |
| Related organizations | $0 |
| Government grants | $110,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,788,347 |
| Noncash contributions included in lines 1a–1f | $174,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,608,244 |
| Total Program Service Revenue | $0 |
| Investment income | $578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $523 |
| Net Income from Fundraising Events | -$606,212 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,004,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000,196 |
| Advertising and promotion | $238,212 |
| Office expenses | $70,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $251,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,179 |
| All other expenses | $72,373 |
| Total functional expenses | $2,804,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,862,452 |
| Savings and temporary cash investments | $88,169 |
| Pledges and grants receivable | $6,973,224 |
| Accounts receivable, net | $47,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,395 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $202 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,976,743 |
| Accounts payable and accrued expenses | $1,256,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,256,358 |
| Net assets without donor restrictions | -$954,915 |
| Net assets with donor restrictions | $8,675,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,976,743 |